In the short run, a firm in any of the market models can operate at a(n) loss or economic profit, or normal profit.
What are the 4 types of market structures?
The four types of economic market structures are an oligopoly, monopoly, perfect competition, and monopolistic competition. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly.
What happens to a monopolistic competitive firm in the short run?
A monopolistically competitive company optimizes profits or minimizes losses in the short run by producing the amount where marginal revenue equals marginal cost. The company will make an economic profit if the average total cost is lower than the market price.
Learn more about market structure: brainly.com/question/13762186
#SPJ4
Answer:
Peer pressure.
Explanation:
Peer pressure: It is a common cause of employee resistance to change. This emotion is created by someone we already know to act in a certain way. The changes are influenced by an individual by a peer. Peer pressure brings changes to the attitude, behavior, values, taste, preference, etc. Even marketing companies use this influential pressure on the customer to make a purchase of particular goods available in the market.
In the given case, Min was influenced by her peer Tyler, who is direct getting affected by the change in product approval system, therefore, Min speaks out against the new system.
Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent.
The price elasticity of demand measures by what percent the quantity demanded will change following a 1% price increase.
<h3>What is the price elasticity of demand?</h3>
The price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
For example if price increases by 10% and quantity demanded decreases by 20%, the price elasticity of demand would be 2.
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
Answer:
Total direct material cost= $400,000
Explanation:
Giving the following information:
Direct material: 5 pounds at $8.00 per pound $ 40.00
Total direct material cost= cost per unit* total units.
Suppouse that the production for the period is 10,000 units:
Total direct material cost= (5*8)*10,000= $400,000