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ivolga24 [154]
3 years ago
8

Suppose an oligopolistic producer assumes its rivals will ignore a price increase but match a price cut. In this case the firm p

erceives its:
A) demand curve as being of unit elasticity throughout.
B) supply curve as kinked, being steeper below the going price than above.
C) demand curve as kinked, being steeper below the going price than above.
D) demand curve as kinked, being steeper above the going price than below
Business
1 answer:
andreyandreev [35.5K]3 years ago
6 0

Answer: C) demand curve as kinked, being steeper below the going price than above.

Explanation:

For an oligopolistic producer, who assumes that its rival would ignore a price increase but match a price cut, the perception of the firm about it demand curve is that it would be kinked, being steeper below the going price than above.

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Answer: Option A

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While calculating accounting profit, opportunity cost is not deducted from the revenue hence before tax and after tax depicts the investments that were made to earn that profit.

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Answer:

true

Explanation:

tarrifs raise the price of foreign goods

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3 years ago
A post-closing trial balance should be prepared
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Answer:

<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>

Explanation:

In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.

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Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price
adelina 88 [10]

Answer:

c.Equilibrium price will rise; equilibrium quantity will rise. 

Explanation:

If there's an increase in demand and supply remains unchanged. The demand curve would shift to the right and there would be an excess of demand over supply. Equilibrium price and quantity would increase.

I hope my answer helps you

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