The demand curve of a firm that is perfectly competitive is horizontal at the market price.
As a result, every unit sold will result in it receiving the same price.
The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.

A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.

Why is the demand curve in monopolistic competition more elastic than a monopoly?

Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.

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3 0

2 years ago

Assembly department of Zahra Technologies had 100 units as work in process at the beginning of the month. These units were 50% c

aniked [119]

Answer:

50 units

Explanation:

Particulars Physical units % Conversion EUP-Conversion

Ending Work-in-Process 200 25% 50 (200*25%)

Equivalent unit of production 200 50

So, the total equivalent units in ending inventory for assignment of conversion costs is 50 units.

7 0

3 years ago

Organizations should ensure that their performance appraisal and reward systems reinforce the importance of effective diversity

Andrei [34K]

Answer:

accountability

Explanation:

It is the duty utmost duty of the organisation to grant appraisal and bonus on the basis of accountability of the manager or any other employee.

The effective diversity management is innovative strategy that ensure to provide that type of workplace that provide environment to do work effectively and efficiently. working in diversity environment boost the employee will power and help to improve morale.

5 0

3 years ago