The slope of a demand curve is not used to measure the price elasticity of demand because

As new firms enter a competitive price-searcher market, profits of existing firms Group of answer choices rise and product diver

spin [16.1K]

Answer:

decline and product diversity in the market increases.

Explanation:

Competitive price searcher markets are those that have little barriers of entry for new firms.

Also the new forms are able to engage in transactions that are profitable. That is they easily take a market share.

In this scenario it will result in greater diversity of products as many firms can now produce goods that will be profitable in the market.

Also it will lead to a decrease in profit of existing firms as the new firm gets some of the market share

6 0

2 years ago

One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that

Lubov Fominskaja [6]

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

5 0

3 years ago

The following transactions and adjusting entries were completed by Robinson Furniture Co. during a three-year period. All are re

riadik2000 [5.3K]

Answer:

Year 1

Jan. 8. Purchased a used delivery truck for $24,000, paying cash.

Dr Truck 24,000
Cr Cash 24,000

Mar. 7. Paid garage $900 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck.

Dr Maintenance expenses - Truck 900
Cr Cash 900

Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is four years, with a residual value of $4,000 for the truck.

Depreciation expense = 2 x 0.25 x $24,000 = $12,000

Dr Depreciation expense 12,000
Cr Accumulated depreciation - truck 12,000

Year 2

Jan. 9. Purchased a new truck for $50,000, paying cash.

Dr Truck new 50,000
Cr Cash 50,000

Feb. 28. Paid garage $250 to tune the engine and make other minor repairs on the used truck.

Dr Maintenance expenses - Truck 250
Cr Cash 250

Apr. 30. Sold the used truck for $9,500. (Record depreciation to date in Year 2 for the truck.)

depreciation expense = 2 x 0.25 x 4/12 x $12,000 = $2,000

Dr Depreciation expense 2,000
Cr Accumulated depreciation - truck 2,000

truck sold at $9,500 - $10,000 (carrying value) = -$500 loss on sale

Dr Cash 9,500
Dr Accumulated depreciation 14,000
Dr Loss on sale - truck 500
Cr Truck 24,000

Dec. 31. Record depreciation for the new truck. It has an estimated residual value of $12,000 and an estimated life of eight years.

Depreciation expense = 2 x 0.125 x $50,000 = $12,500

Dr Depreciation expense 12,500
Cr Accumulated depreciation - truck new 12,500

Year 3

Sept. 1. Purchased a new truck for $58,500, paying cash.

Dr Truck three 58,500
Cr Cash 58,500

Sept. 4. Sold the truck purchased January 9, Year 2, for $36,000. (Record depreciation to date for Year 3 for the truck.)

Depreciation expense = 2 x 0.125 x 8/12 x $37,500 = $6,250

Dr Depreciation expense 6,250
Cr Accumulated depreciation - truck new 6,250

truck sold at $36,000 - $31,250 (carrying value) = $4,750 gain on sale

Dr Cash 36,000
Dr Accumulated depreciation 18,750
Cr Truck new 50,000
Cr Gain on sale - truck new 4,750

Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $16,000 and an estimated useful life of 10 years.

Depreciation expense = 2 x 0.1 x 4/12 x $58,500 = $3,900

Dr Depreciation expense 3,900
Cr Accumulated depreciation - truck three 3,900

5 0

3 years ago

Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convin

zloy xaker [14]

Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convinces the engine parts company, a competitor, to do the same. this is a group boycott.

Under competition law, a group boycott is a type of secondary boycott, unless two or more competitors in the relevant market agree to deal with an actual or potential competitor of the boycotting firm. Refuse to do business with the company.

Example: The FTC challenged the actions of several groups of competing health care providers, such as physicians, and refused to do business with insurance companies or other purchasers on terms other than those mutually agreed upon. That amounted to a group boycott of the illegal group.

Learn more about group boycott here: brainly.com/question/13894564

#SPJ4

3 0

1 year ago

Malcolm, an accounts clerk, is all set to make a presentation on how his team can improve their productivity by changing certain

Serga [27]

Answer and Explanation: From the following given case or scenario, we can state that the manager is most likely to said the given because he/she thought that being too critical might put Malcolm on the defensive end and thus hamper his social skills and creativity. Here, in this case the manager asks the other employees not to have a critical review of Malcolm's suggestion and to avoid having an argument on his suggestion.

8 0

3 years ago