Economists have identified four types of competition. Perfect competition, monopolistic competition, oligopoly, and monopoly.
Answer:
d. 391,667
Explanation:
Contribution per unit = Selling price - Variable cost = $4 - $2.80 = $1.20
Break even point = Fixed cost ÷ Contribution per unit = $470,000 ÷ $1.20 = 391,667 units
Therefore, the company's breakeven point, i.e., the unit sales volume that would make income equal costs is 391,667 units.
Answer:
traded on information that was not available to the public.
Explanation:
Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Brianna buys 10,000 shares of Cosmetics stock. When the price increases, Brianna sells the shares for a profit. If Brianna is liable for insider trading, it is because she traded on information that was not available to the public.
The appropriate response is diseconomies of scale. Diseconomies of scale is a monetary idea alluding to a circumstance in which economies of scale never again works for a firm. With this guideline, as opposed to encountering kept diminishing expenses and expanding yield, a firm observes an expansion in minor costs when yield is expanded.