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natta225 [31]
2 years ago
10

The product-variety externality is associated with the A. consumer surplus that is generated from the introduction of a new prod

uct. B. loss of consumer surplus from exposure to additional advertising. C. producer surplus that accrues to incumbent firms in a monopolistically competitive industry. D. opportunity cost of firms exiting a monopolistically competitive industry.
Business
1 answer:
Vlad [161]2 years ago
4 0

Answer:

A. consumer surplus that is generated from the introduction of a new product.

Explanation:

The product-variety externality is defined as consumer get the surplus that is generated from the introduction of a new product and entry of a new firm conveys a positive externality on consumers. It arises as new firms offer products that differ from those of the existing firms, however, it does not happen under perfect competition. Competitive market lead to efficient outcomes, unless there are externalities.

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Suppose the government purposely changes the economy's cyclically adjusted budget from a deficit of 3 percent of real GDP to a s
natulia [17]

Answer:

Contractionary Fiscal Policy is the correct answer.

Explanation:

It is a fiscal policy that includes increasing taxes and decreasing the expenditure to curb inflationary pressures. As the taxes are increased, households have less income to spend and the lower disposable income affects consumption. Tax increments also lead to less profit for businesses. GDP includes the consumption and private investment hence both of them fall as a result. The government tries to magnify the fall in GDP with the multiplier effect.

If the government decreases the expenditures then it would lead to a decrease in GDP, as the government expenditures are a part of GDP.

6 0
3 years ago
Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company retur
Anna71 [15]

Answer:

The right solution is Option b ($4606 ).

Explanation:

The given values are:

Company sells merchandise,

= $5700

Company returns,

= $1000

Now,

The amount of the check will be:

= (5700-1000)\times 98 \ percent

= (5700-1000)\times 0.98

= 4700\times 0.98

= 4606 ($)

6 0
2 years ago
2. How does feature-benefit selling create selling points?
Wittaler [7]

Answer:

Feature-benefit selling is the process of connecting your the things your product helps your customer do (features) to the goals it will help them achieve and the pain points it will help them eliminate.

Explanation:

7 0
2 years ago
A company purchased equipment for use in the business at a cost of $15,000, one-fourth was paid in cash, and the company signed
timofeeve [1]

Answer:rr56iomivt

Explanation:

gi'opi[9[hjkjgkglo8uhuoouhiii6666666699999999999999999

8 0
1 year ago
Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:
earnstyle [38]

a small piece of ownership in a company - stock

a company’s initial offering of stock - IPO

a portfolio of stocks and bonds - mutual funds

a public stock exchange - NASDAQ

5 0
3 years ago
Read 2 more answers
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