Answer:
The correct answer is option A.
Explanation:
Monopolistic competition is a market structure where there is a large number of producers selling differentiated products. These firms are price makers. There is very low or no restriction on the entry and exit of new firms.
Positive economic profits earned by the existing firms will attract potential firms to enter the market. When new firms enter, it increases the supply in the market.
This causes the price and market share of existing firms to decline. As the individual demand curves of the existing firms shift to the left, their profits will increase as well.
Answer:
textile developer is the answer
Gossip occurs when Jen and Kathy talk about their coworker Ted.
Answer:
Value of Investment= Principal (1+Rate of return)^Number of periods
For the first investment the principal is 7,500, the rate of return is 11.5% and the number of periods are 5 so the value of the investment will be
7,500 (1+0.115)^5=12,925
For the second investment the principal is 5,000, the rate of return is 11.5 and the number of periods are 3 as the 5,000 is invested two years from today.
5,000*(1+0.115)^3=6,931
Total value of investments = 12,925 +6,931 = $19,856
Answer:
Variable manufacturing overhead rate variance= $496 favorable
Explanation:
Giving the following information:
Standard:
Variable overhead 0.5 hours $ 8.00 per hour
The company produced 6,200 units using 2,480 direct labor-hours. The actual variable overhead rate was $7.80 per hour.
To calculate the variable overhead rate variance, we need to use the following formula:
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Variable manufacturing overhead rate variance= (8 - 7.8)*2,480
Variable manufacturing overhead rate variance= $496 favorable
