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Masteriza [31]
3 years ago
7

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies Group of answer choices

positive economic profits in the long run. losses in the long-run equilibrium. zero economic profits in the long run. zero economic profits in both the short run and the long run. positive economic profits in both the short run and the long run.
Business
1 answer:
kow [346]3 years ago
8 0

Answer:

Zero economic profits in the long run.

Explanation:

In a perfect competition, firms are able to freely enter into, or exit a market.

As more and more firms enter the market, it causes an increase in supply in the long run, which<u> leads to a fall in prices and therefore profits, such that firms will start to earn normal profits or </u><u>zero economic profits.</u>

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Carin, a widow, elected to receive the proceeds of a $150,000 life insurance policy on the life of her deceased husband in 10 in
Keith_Richards [23]

Answer:

B. USD 2,500/-

Explanation:

She has evidently selected an annuity which will pay her USD 150,000 face value of the mentioned policy in addition to that also an amount of USD 25,000 in interest, both chunks in 10 increments, the interest is taxable.

7 0
3 years ago
The type of cover letter written to inquire about possible job openings: a. networking letter b. prospecting letter c. applicati
Kaylis [27]

The type of cover letter written to inquire about possible job openings is b. prospecting letter.

<h3>What is Prospecting letters ?</h3>

Prospecting letters serves as one that is been sent are to leads potential clients, or past clients so they can continuously grow a real estate business.

Therefore, prospecting letter is type of cover letter written to inquire about possible job openings.

Learn more about Prospecting letters at;

brainly.com/question/3602860

6 0
3 years ago
Project A had an initial investment of $4 million, out of which $2 million has already been spent. A new Project B needs $1.5 mi
andrey2020 [161]

Answer:

A

Decision: Project A should be selected.

B

NPV =$40,909.09

Explanation

A

<em>Since the two projects would achieve the same objectives, the project with the lowest initial cost should be selected.</em>

Kindly note that the $2 million already spend on project A is not a relevant cash flow because it  is sunk cost. Hence, the initial cos outlay of project A will be $2 million which will be spent should the project be undertaken.

Project B on the other hand would cost $1.5 million in initial cost which is $500,000 cheaper than project A.

Decision: Project A should be selected.

B

<em>The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.  </em>

NPV of an investment:  

NPV = PV of Cash inflows - PV of cash outflow  

Initial cost = 50,000

The NPV of the savings

NPV = 100,000× 1.1^(-1) - 50,000= 40,909.09

NPV =$40,909.09

8 0
3 years ago
List the steps in allocating costs to operating departments and preparing departmental income statements, with the first step on
Amiraneli [1.4K]

Accumulate sales, direct expenses, indirect expenses by department toggle button Accumulate sales, direct expenses, indirect expenses by department.

<h3>What is direct expenses?</h3>

A direct expense is one that is proportional to the volume of a cost object. Any item for which you are assessing expenses, including as items, product lines, services, sales areas, workers, and consumers, is referred to be a cost object.

Thus, option A is correct

For further details about direct expenses, click here:

brainly.com/question/3464708

#SPJ1

5 0
2 years ago
Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveway
maria [59]

Answer:

The marginal revenue of the 21st driveway is: -$500. The right answer is C.

Explanation:

In order to calculate the the marginal revenue of the 21st driveway, we have to calculate first the total revenue from 20 driveways.

Total revenue from 20 driveways = 20×$10,000= $200,000

Next, we calculate the Revenue from 21 driveways = 21×$9,500 = $199,500

Therefore, The Marginal revenue from 21th driveways =   =$199,500-$200,000 =-$500

8 0
4 years ago
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