Answer:
Profits: $297,000
Explanation:
Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.
Profits arise when revenues exceed expenses.
For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.
Profit = revenue - expenses
=$895,000 -$598,000
=$297,000
Answer:
Step wise detailed solution is given below:
Answer:
In the event that I go to a social equality promotion gathering, I will be an expert in my view to characterize the lawful foundation of the constitution and the nineteenth amendment. I'll give the standard to add alteration to stating "as you most likely are aware" to abstain from misunderstanding with them.I additionally utilize propelled phrasing to present to legal counselors. Let me quickly outline the ladies rights development for secondary school understudies and afterward disclose how to fix it. I additionally utilize less modern words to assist understudies with dodging disarray. In the two gatherings I might want to incorporate the fix procedure in light of the fact that the introduction is proposed and regardless of whether a few gatherings definitely know data, it is a significant piece of the introducing time.
Answer:
B. Homogenous product
Explanation:
Monopolistic competitive market is a market structure in which there are many sellers selling differentiated product.
Differentiated product are product that vary in taste or style. They are goods that can be substituted.
Monopolistic competitive firms gain some degree of market power by differentiating their products from those of other firms in the industry. Monopolistic competition firms achieve price control by selling a product that is in some way(s) different from close substitutes product.
Features of Monopolistic competitive firms
1. Existence of many sellers
2. Heterogeneous goods are sold
3. Existence of close substitute
4. Absence of barrier to entry of new firms and free exit to existing firms.
5. Existence of competitors.
