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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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Discontinue a Segment Product Tango has revenue of $1,150,000, variable cost of goods sold of $850,000, variable selling expense

Ronch [10]

Answer:

A) Differential analysis is shown below

B) its product should be continue.

Explanation:

As per the data given in the question,

Continue product Discontinue product Differential

Tango(Alt 1) Tango(Alt 2) Effects (Alt 2)

Revenue $1,150,000 $0 -$1,150,000

Costs:

Variable COG Sold -$850,000 $0 $850,000

Variable selling and admin expenses -$275,000 $0 $850,000

Fixed costs -$125,000 $0 $275,000

Profit(Loss) -$100,000 -$125,000 -$25,000

As per analysis discontinuance of product Tango will enhance the amount of loss by $25,000, so it is recommended to continue the operation.

7 0

3 years ago

How are random events taken into consideration during both hindsight bias and overconfidence?

Orlov [11]

The hindsight bias and overconfidence, plus our eagerness to perceive patterns in random events, can cause tendencies that may lead us to overestimate our intuition. Intuition and intellect are not always accurate, therefore these factors are not trustworthy compared to scientific facts or scientific inquiry which can help us overcome our intuition’s biases and shortcomings.

6 0

3 years ago

The marketing concept is a philosophy that a business organization should employ to satisfy customers' needs while achieving the

Crazy boy [7]

Answer:

A. True

Explanation:

The statement marketing concept is a philosophy that a business organization should employ to satisfy customers' needs while achieving the overall goals of the organization is correct because The marketing concept relays on four foundations:

Target market
Customer needs,
Integrated marketing
Profitability.

3 0

3 years ago

On January 1, 2009, a U.S. firm made an investment in Germany that will generate $5 million annually in depreciation, converted

Afina-wow [57]

Answer:

The expected real value (in terms of January 1, 2009, dollars) of the depreciation charge in year 2013 will be $1,958,815.416.

Explanation:

It is expected that the value of the dollar in the German market will fall at the same rate as that of the real market value of the dollar when we envisage the exchange rate will remain the same. Thus the depreciation of the tax write-off in terms of its real value in dollars will fall at 5% every year from 2009 to 2013.

Therefore, at a tax rate of 50% in Germany, a $2.5 million charge on depreciation on the investment of $5 million will result in 2013.

To calculate the real value of the dollar at an inflation of 5% yearly in 2013

When the tax rate in German is 50%, then charges of depreciation of $5 million will equal4$2.5 million in 2013 dollars. When the dollar's real value of this write-off is declining due to the inflation at 5% annually, the real value in 2013 will be calculated as:

Given: $2,500,000 (P/F , 5%, 5years) ; 0.78356 (factor for calculating the amount to be recieved after 5years)

= $2,500,000 * 0.78356

= $1,958,815.416

8 0

3 years ago

Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or

SSSSS [86.1K]

The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.

Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.

Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.

Check out the link below to learn more about costs;

brainly.com/question/28343978

#SPJ4

6 0

1 year ago