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3 years ago

If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options

Business

2 answers:

hram777 [196]3 years ago

8 0

Answer:

D. Quantity demanded for the good will increase.

Explanation:

To begin, it is important to understand the concept of monopolistic market. Monopolistic market is a market whereby a firm has the overall effect of providing the major products in a market.

The law of demand is universal. The quantity demanded is always at an inverse relationship with the price of a commodity. The implication is that when a price of a commodity is lowered, there is a corresponding increase in the number of quantity demanded of the commodity, as consumer are willing to buy more for the products.

The experience is even more resounding in this scenario of a monopolistic firm. When price is lowered, consumer take advantage of such and increase the quantity so demanded of the commodity. It must be noted that in a monopolistic market, the firm therein dictates its price, its supply and demand, and also its eventual profits.

Valentin [98]3 years ago

3 0

Answer: quantity demanded for the good will increase (D)

Explanation:

Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.

In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.

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At the equilibrium level of income in the Keynesian model, which of the following statements is nottrue?

ZanzabumX [31]

Answer:

c. There are more unemployed resources.

Explanation:

Equilibrium level of income is the level of income where aggregate supply in the economy is consistent with aggregate demand. that is the level of income planned savings is equal to planned expenditure. the equation can be written as S = I. where S = savings and I = investments

At equilibrium income level, aggregate expenditure is equal to aggregate output. The equilibrium equation can be written as Y = C+I+G+X-M where

Y = national income, I = investment expenditure of the firm, G = government expenditure on goods and services, X = export, M = import.

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3 years ago

A balance sheet that displays assets and liabilities into current versus noncurrent categories is commonly called a:________a) c

Semenov [28]

Answer:

c) classified balance sheet.

Explanation:

A classified balance sheet can be described as a balance sheet in which the information about assets, liabilities, and shareholders' equity of a company is presented by aggregating or classifying it into subcategories of accounts.

The advantage of a classified balance sheet is that it easier to read and it makes it easier for readers to obtain required information than when the information is just presented in a large number of line items.

The classifications mostly used within a classified balance sheet include Intangible assets, fixed assets (or Property, Plant, and Equipment), current assets, current liabilities, long-term liabilities, and shareholders' equity.

In accounting, the addition of these classifications is required to match the accounting equation stated as follows:

Total assets = Total liabilities + Shareholders' Equity

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3 years ago

Macroeconomic policy will be needed to address rising inflation. B There is sufficient aggregate demand to cause inflationary pr

Gala2k [10]

Answer:

The answer is A) Macroeconomic policy will be needed to address rising inflation.

Explanation:

Macroeconomics policy addresses key issues in the economy such as the structure, performance, behavior, and decision-making of the whole, or aggregate, economy.

The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.

In the short term, it focuses on the way the economy performs as a whole and then analyzes how different sectors of the economy relate to one another to understand how the aggregate functions. This includes looking at variables like unemployment Inflation and how it reflect on the Gross Domestic product.

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3 years ago

Which of the following traits is most likely to be associated with the “A” in RIASEC?

Vilka [71]

The correct answer is creative.

Thank me by clicking on the ❤️. Thanks!

6 0

3 years ago

Read 2 more answers

A project with an initial investment of $451,700 will generate equal annual cash flows over its 8-year life. The project has a r

Drupady [299]

Answer:

$81,307.55

Explanation:

The minimum annual cash flow required to accept the project is the equal annual cash flow that makes net present value of the project to be at least equal to zero. In other words, it is the equal annual cash flow that equates the initial investment and the summation of the present values (PV) of all the 8-year equal annual cash flow.

This can be estimated as using the formula for calculating the ordinary annuity as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Present values of equal annual cash flow that is equal to Initial investment = $451,700

P = annual cash flow = ?

r = required return = 8.9% = 0.089

n = number of years = 8

Substitute the values into equation (1) to have:

$451,700 = P × [{1 - [1 ÷ (1 + 0.089)]^8} ÷ 0.089]

$451,700 = P × 5.55544994023063

P = $451,700 / 5.55544994023063

P = $81,307.5457181148

P = $81,307.55 when approximated to two decimal places.

Therefore, the minimum annual cash flow required to accept the project is $81,307.55.

6 0

3 years ago