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sergejj [24]
2 years ago
14

In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elastici

ty of demand that will be less than it was in the short run. having a larger number of competitors than it will in the short run. earning a normal profit, but not an economic profit. producing a level of output at which marginal cost and price are equal.
Business
1 answer:
Evgen [1.6K]2 years ago
6 0
In the long run, a representative firm in a monopolistically competitive industry will end up <span>earning a normal profit, but not an economic profit.

Monopolistic competition is imperfect competition where many producers sell products that differentiate from each other in ways like quality and branding. Because they differ in these ways, there are no perfect substitute for another producers product. 

</span>
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Which employees typically work in an office environment within schools? Check all that apply.
LekaFEV [45]

Answer:

b. School Secretary

e. Librarian

f. Teacher

Explanation:

A school secretary, Librarian, and the teacher are full-time employees in a school. They spend most of their day in school and have offices within the school environment.

School Psychologist, Instructional Designer, and tutor work a few hours in a school. They are unlikely to have offices in the school.

5 0
3 years ago
Read 2 more answers
Give an example of a successful or unsuccessful transformational leader. What if anything about the context (e.g., industry, mar
Tanzania [10]

Answer:

Explanation:

One transformational leader that we can talk about was Martin Luther King Jr. who was an Activist and Minister who fought for American Civil Rights in the United States in the early 1950s. MLK jr. was both assisted and hindered by the time in history in which his efforts took place. This is because at the time African American Rights were almost non-existant and the Civil Rights movements were at an all time high. This means that MLK jr. was able to amass many followers as he was fighting to make the world a more equal place for everyone, but at the same time it was a time in history where racism was at an all time high as well. This hindered his efforts greatly and ultimately led to his death in 1968. Regardless, Martin Luther King Jr. made one of the biggest impacts in the Civil Rights movements in history as a transformational leader.

5 0
2 years ago
The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes
Leokris [45]

Answer:

1. Equity is the difference between the company's assets and liabilities.

2. D. $83

Explanation:

Req. A

We know,

The accounting equation is

Total asset = total liabilities + total stockholders' equity

Therefore, total asset - total liabilities = total stockholders' equity

So, we can say that equity is the difference between the company's assets and liabilities. However, equity cannot be claimed before the liabilities. Therefore, the option "A" is the correct answer.

Req. B

                          Now Inc.

      Statement of retained earnings

For the year ended, December 31, 20XX

Beginning retained earnings (Last year)                $527

Add: Net Income (Current year)                                 176

Less: Dividend (Balancing)                                   <u>     </u><u>(83)</u>

Ending retained earning (Current year)                 $620

Calculation: $(527 + 176 - 620) = $83

Therefore, the option "D" is the correct answer.

3 0
3 years ago
*A product cost is Group of answer choices expensed in the period in which the product is manufactured shown with current liabil
inn [45]

Answer:

expensed in the period in which the product is manufactured.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

Generally, a product cost or the cost associated with the manufacturing of a particular product is expensed within the period in which it was manufactured by the firm.

3 0
2 years ago
2018, the westgate construction company entered into a contract to construct a road for santa clara county for $10,000,000. the
Firlakuza [10]

Answer:

2018: 28% 2,800,000

2019: 22% 2,200,000

2020: 50% 5,000,000

Explanation:

2018 revenue

total cost:

2,044,000 + 5,256,000 = 7,300,000

percentage of completion: 2,044,000/7,300,000 = 28%

revenue recognition: 10,000,000 x 28% = 2,800,000

2019 revenue

cost: 2,628,000 + 2,628,000 = 5,256,000

percentage of completion: 2,628,000 / 5,256,000 = 50%

revenue recognition: 10,000,000 x (50% - 28%) = 2,200,000

2020 revenue

as the company's finished the cosntruction it recognzie the entire amount left

10,000,000 - 2,800,000 - 2,200,000 = 5,000,000

7 0
3 years ago
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