Skills devalopment act

Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a.

Hoochie [10]

Unrestricted entry and exit, numerous suppliers of the good, and some control over price setting are characteristics of monopolistic competition.

When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.

Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.

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5 0

2 years ago

A stadium has 54 comma 000 seats. Seats sell for $25 in Section A, $20 in Section B, and $15 in Section C. The number of se

Dahasolnce [82]

Answer:

Section A = $27,000

Section B = $14,800

Section C = $12,200

Explanation:

In this question,we have to assume the things

Like - Let the number of seats in section B be X and, in Section C be Y

So, Section A = Section B + Section C

That means, Section A = X + Y

And, Section A + Section B + Section C = $54,000

Means, X + Y + X + Y = $54,000

2X + 2Y = $54,000

So, X + Y = $27,000

And, the other equation is 20X + 15Y = $1,54,000 - 25 × 27,000

So, the both equation is

X + Y = $27,000

20X + 15Y = $479,000

Now multiply 20 in equation 1

So,

20X + 20Y = $540,000

20X + 15Y = $479,000

Now deduct the equation 1 from equation 2

So, the value would equal to

5Y = $61,000

Y = $12,200

X = $27,000 - $12,200 = $14,800

And, the Section A = X + Y = $27,000

5 0

3 years ago

Read 2 more answers

You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 40 years for your retirement. Yo

Lemur [1.5K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A) You want $1,000,000 when you retire in 40 years. It earns 6 percent annually.

We need to use the following version of the final value formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

FV= 1,000,000

n=40

i=0.06

A= (1,000,000*0.06) / [(1.06^40)-1]

A= $6,461.53

B) You decided to contribute $500 a month into a fund that is expected to earn 6 percent, compounded monthly. If you start the contribution a month from today for 30 years.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

n= 30*12= 360

i= 0.06/12= 0.005

A= 500

FV= {500*[(1.005^360)-1]}/0.005= $502,257.52

3 0

3 years ago

An individual leaves a college faculty, where she was earning $70,000 a year, to begin a new venture. She invests her savings of

Lubov Fominskaja [6]

Answer:$141,000

Explanation:

Implicit cost related to the given question

Earning as a college faculty left = 70,000

Interest on own investment = 6% on 42,000 = 2520

Total implicit cost = 70,000+2520 = 72,520

Explicit cost the related to the given question

Rent of office equipment = 25,000

Hiring two students at 18,000 each = 36,000

Rent of office space = 10,000

Other variable expenses = 38,000

Total explicit cost = 25,000+36,000+10,000+38,000 = 109,000

Total Revenue = 250,000

Accounting profit = Total Revenue – Explicit Cost

Accounting profit = 250,000 – 109,000 = $141,000

6 0

4 years ago

This activity is important because marketing students should be aware of career opportunities in sales, how sales people create

never [62]

Answer:

Sales Careers and Examples

Example Career

2. Channel Sales Manager (CSM) Sales Management and Support

4. Route Sales Representative Order-Takers

8. The Key Account Manager Missionary Salespeople

Explanation:

Fives Sales Job Categories:

(1) New business salesperson identifies prospects and sells to them.

(2) Order-taker fulfills orders without trying to acquire new ones.

(3) Missionary salespeople do not make actual sales but initiate the process with decision-makers.

(4) Sales management and support render management and support services to salespeople.

(5) Others include salespeople who do not fall into the above categories.

8 0

3 years ago