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3 years ago

In monopolistically competitive markets, positive economic profits

Business

1 answer:

grin007 [14]3 years ago

5 0

Answer:

option B is correct

because in monopolistic competition their exist a free entry n exit of farm.

their are large no. of bayer and seller in the market.
differentiated products that means they r not identical in shape ,size,colour etc.

Explanation:

i hope it will help uh!

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HELP PLSSSSSS ECONMICS qjhewdkvdfjndbc vjdsncxkjd

larisa86 [58]

Answer:

C. Country A would focus on growing carrots to trade with country country B.

Explanation:

Country A can produce twice as many carrots as country B. this indicates that country A seems to have a comparative advantage over Country B in carrot production. Both countries have equal capacity in the production of apples.

Country A should focus on producing carrots for sales to country B. It can produce double what country B can, meaning its production costs are lower. Country A can sell carrots to country B at a lower price than it would cost country B to produce its carrots. Therefore, country A would be prudent to focus on producing carrots and trade them to country B.

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3 years ago

Taxable income and pretax financial income would be identical for Skysong Co. except for its treatments of gross profit on insta

inessss [21]

Answer:

See the journal entry below.

Explanation:

Before preparing the journal entry, the following are calculated first:

Income tax expense in 2019 = (Taxable income in 2019 * Tax rate in 2019) + (Taxable income in 2020 * Tax rate in 2020) + (Taxable income in 2021 * Tax rate in 2021) = ($158,000 * 40%) + ($195,000 * 45%) + ($92,100 * 45%) = $193,395

Deferred tax liability in 2019 = (Taxable income in 2020 * Tax rate in 2020) + (Taxable income in 2021 * Tax rate in 2021) = ($195,000 * 45%) + ($92,100 * 45%) = $129,195

Income tax payable in 2019 = Taxable income in 2019 * Tax rate in 2019 = $158,000 * 40% = $63,200

Income tax payable in 2020 = Taxable income in 2020 * Tax rate in 2020 = $195,000 * 45% = $87,750

Income tax payable in 2021 = Taxable income in 2021 * Tax rate in 2021 = $92,100 * 45% = $41,445

The journal entry will look as follows:

Date General journal Debit ($) Credit ($)

31 Dec 2019 Income tax expense 193,395

Deferred tax liability 129,195

Income tax payable 63,200

(To record income tax payable.)

31 Dec 2020 Deferred tax liability 87,750

Income tax payable 87,750

(To record income tax payable.)

31 Dec 2021 Deferred tax liability 41,445

Income tax payable 41,445

(To record income tax payable.)

5 0

3 years ago

Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $5,793 per hour and

AfilCa [17]

Answer:

x1 = 4891.294

Explanation:

given data

mean μ = $5,793

standard deviation σ = $439

solution

we know here that

P(x < x1 ) = 0.02 .................1

$P(\frac{x-\mu }{\sigma } < \frac{x1-\mu }{\sigma }) = 0.02$

$P(z < \frac{x1-\mu }{\sigma }) = 0.02$

$\frac{x1-\mu }{\sigma }$ = invNorm(0.02)

x1 = μ + σ × invNorm(0.02) .....................2

we use here table for invNorm(0.02) and put value in eq 2

x1 = 5793 + 439 × (-2.054 )

x1 = 4891.294

8 0

3 years ago

What is price elastic of supply

Reika [66]

The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.

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3 years ago

Kiano, a telecommunications equipment manufacturer, manufactures PDAs (P), wireless handsets (H), and blackberrys (B). They have

a_sh-v [17]

Answer:

Explanation:

Please check the attached file below to see answer to the given question

6 0

4 years ago