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Allisa [31]
3 years ago
11

In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t

he minimum of possible ATC B) actual average total costs are higher than the minimum of possible ATC C) resources are used at the lowest possible cost D) at the lowest possible price
Business
1 answer:
Artemon [7]3 years ago
3 0

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

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3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase
Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials  = $3,956 million

used raw materials  = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = \frac{raw\ material\ used}{average\ raw\ material}    ..............1

here average raw material inventory = \frac{930+880}{2}

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = \frac{4006}{905}  

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = \frac{ending\ raw\ material\ inventory}{raw\ material\ used}  × 365   .............2

put here value

number of days sale in raw materials inventory = \frac{880}{4006}  × 365

number of days sale in raw materials inventory = 21.97

8 0
3 years ago
At Onyx incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Ot
PIT_PIT [208]

Answer:

A $660,030

Explanation:

Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit

Therefore,

Total cost of units completed and transferred out = 117,000

5 0
3 years ago
Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering
oee [108]

Answer:

9.635%

Explanation:

We shall use a table to compute different values as shown below.

<u>Investment</u>       <u>Return</u>     <u>Taxable amount</u>    <u>Tax Rate</u>       <u>After-tax return</u>

Dividend              9.8%             30% (n1)              18%             9.2708% (w1)

Municipal bond   8.8%              0%                      18%             8.8%

Corporate bond   11.75%          100%                   18%             9.635% (w2)

The after tax return with on the best investment alternative is 9.635% for corporate bonds

<u>Workings</u>:

W1

9.8 *0.3*0.18 = 0.5292%

Return after tax = 9.8% -0.5292% = 9.2708%

w2

18.75*0.18 =2.115%

Return after tax = 11.75% -2.115% = 9.635%

<u>Notes:</u>

n1 : 70% of the dividends are excluded from taxation. Only 30% is to be taxed

4 0
3 years ago
What is the customer demand in the uk for international foods?<br><br> need a detailed answer please
Romashka [77]
UK cuisine is largely international, with curry (for instance) being the most popular foodstuff in the UK, originating from Asia.

As Hungarian, Italian, Greek, Indian, French, Chinese, Vietnamese, Mongolian, and any number of other exotic food outlets are thriving in London, for instance, it would suggest that customer demand for these foodstuffs is enough to sustain business.

A large number of mixed Polish/Halal grocery shops have opened in areas of South London in recent years, catering to an increased number of workers and immigrants from the Middle-East and Eastern Europe.

The good old Fish'n'Chips shop is still going strong.

Many have expanded their menu to include kebabs - only fair, as kebab shops tend to sell chips too...
5 0
3 years ago
In-market audiences allow the opportunity to specifically identify what kind of user?
brilliants [131]

Answer:

The correct answer is the option B: someone who is in the mindset to buy.

Explanation:

To begin with, the term of <em>''in-market audiences''</em> refers to the potential consumers that a business may want to target regarding the fact that those consumers are searching and browsing about topics that are related to the business' products that are being offered at that time. Moreover, this tool helps the business to connect with those buyers who are already comparing products across the Google Display Network publisher and more. It is clearly stated that with this tool the company will find the person who has an intereset in the business' products and are in the mindset to buy.  

3 0
3 years ago
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