The person who sell cars would be salesmen
Answer:
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that P = ATC, P>ATC, MR =MC, or MR>MC at the optimal quantity. Furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. True False
This indicates that there is a markup on marginal cost in the market for shirts. True False
Explanation:
In the long run, monopolistically-competitive entities produce at a level where marginal cost and marginal revenue are equal. This makes it impossible for individual companies to sell their products at prices above the average cost. This situation means that monopolistically-competitive companies will always earn zero economic profit in the long run.
Answer:
Explanation:
Reorder point quantity is the level at which an inventory is expected to be restocked , calculated by finding the sum of demand over the lead time and the safety stock days
Daily usage = 800 feet / day
Lead time = 6 days
Desired service level = 95%
Risk level = 1-0.95 =0.05
safety stock at 0.05 = 1800
Reorder point = expected demand in (LT) + safety stock
= (800*6) + 1800
= 4800+1800 = 6600 feet.
Answer:
false
Explanation:
Over-the-counter refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange.
Answer:
Results are below.
Explanation:
Giving the following information:
Years - Interest Rate - Future Value
9 7% $18,828
1 12% 43,017
13 15% 805,382
18 14% 662,816
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
1: PV= 18,828/(1.07^9)= $10,241.18
2: PV= 43,017/(1.12)= $38,408.04
3: PV= 805,382/(1.15^13)= $130,897.1
4: PV= 662,816/(1.14^18)= $62,676.63