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Ivahew [28]
3 years ago
5

True/False/Explain – If all production processes were subject to constant returns to scales for all output levels, monopolistic

competition would not lead to the problem of “excess capacity”.
True/False/Explain – Monopolistic competition is characterized by free entry and exit so in the long run, there is no deadweight loss associated with this market structure.
Business
1 answer:
Elena L [17]3 years ago
4 0
The answer is true okay!
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Carlos is a salesperson for an industrial equipment company. Carlos calls on manufacturers and spends most of his time talking w
Andru [333]

Answer:

The correct answer is letter "A": Determining other purchase decision influencers.

Explanation:

While engaging prospective buyers into a purchase, salespeople should be aware of what the consumer is looking for. Different consumers have different preferences such as <em>price, brand, quality, technical features, </em>or <em>useful life</em>. Then, once the <em>purchase decision influencer</em> has been identified, clerks must focus on that characteristic to attempt closing the sale.

Thus, <em>Carlos must review his sales speech and pay special attention to what customers are looking for to determine which purchase decision influencer they are related to.</em>

5 0
4 years ago
A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same
Nostrana [21]

Answer:

B. An oligopoly

Explanation:

An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.

Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.

A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.

A monopoly is when there is only one firm operating in an industry.

A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.

I hope my answer helps you

8 0
3 years ago
Read 2 more answers
Wheeler LLC purchased two assets during the current year (a full 12-month tax year). On November 16 Wheeler placed in service co
Leni [432]

Answer:

The maximum depreciation expense is $2,792

Explanation:

In order to calculate the maximum depreciation expense we would have to calculate the depreciation of service computer equipment and the service furniture as follows:

depreciation of service computer equipment=$15,500*5%

depreciation of service computer equipment=$775

depreciation of service furniture=$11,300*17.85%

depreciation of service furniture=$2,017

Therefore, maximum depreciation expense=depreciation of service computer equipment+depreciation of service furniture

maximum depreciation expense=$775+$2,017

maximum depreciation expense=$2,792

5 0
3 years ago
What are the subjects of economics
Irina-Kira [14]

Answer:

Econometrics.

Economic policy.

Legal studies.

Money and banking.

Global finance.

Economic history.

International trade.

Collective decisions.

Explanation:

I believe this is what you are asking for. Hope this is helpful :).

5 0
4 years ago
PLEASE HELP ME!!! (3 questions and each question is in the picture)
Otrada [13]

Explanation:

1) 35 lawns x 12 weeks = 420 lawns total

420 x $24.25 = $101.85

2) 20 lawns x 12 weeks = 240 lawns total

240 x $24.25 = $58.20

3) 5 lawns x 12 = 60 lawns total

60 x $24.25 = $14.55

————————————————————————————————————————

1) Fixed cost: 420 + variable cost: $24.25

Total cost: $101.85

2) Fixed cost: 240 + variable cost: $24.25

Total cost: $58.20

3) Fixed cost: 60 + variabl cost: $24.25

Total cost: $14.55

————————————————————————————————————————

I’m not sure About the last one sorry.

4 0
3 years ago
Read 2 more answers
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