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3 years ago

Monopolistically competitive firms:

Business

1 answer:

Annette [7]3 years ago

5 0

Answer:

<h2>The correct answer here would be option a. given in the answer choices or earn a positive economic profit if price is greater than ATC(Average Total Cost).</h2>

Explanation:

Monopolistically competitive market is a particular type of market structure characterized by multiple number of firms producing and selling various differentiated products in the market.
Monopolistically competitive firms usually have higher pricing and market power than a perfectly competitive market structure but less than the purely monopolistic market structure with only one seller.
Since,the monopolistically competitive firms have limited market and pricing power as they sell differentiated products or services,they can evidently charge or set a price for their products or services greater than the Average Total Cost or ATC and earn positive economic profit in the market.
However,due to presence of partial market competition or rivalry, any economic profit earned by the firms in the short run would attract more number of firms to enter the market in the long run until the chance of probability of earning any further economic profit is completely diminished.

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Answer:

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Explanation:

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line method = (Cost of asset - salvage value) / useful life

($73,000 - $7,350) / 5 = $13,130

The depreciation expense each year would be $13,130.

Book value = Cost of asset - Depreciation expense

In December 2021, the book value would be = $73,000 - $13,130 = $59,870

In December 2022, the book value would be = $59,870 - $13,130 = $46,740

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3 years ago

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2 years ago

Suppose Kendall's had cost of goods sold during the year of $ 260 comma 000. Beginning merchandise inventory was $ 20 comma 000

kiruha [24]

Answer:

Inventory turnover = 9.45

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Inventory turnover is defined as the ratio between Cost of good sold and average inventory.

Average inventory is defined as follows, where BI = Beginning merchandise inventory and EI = Ending merchandise inventory:

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$Average Inventory=\frac{20000+35000}{2}=27500$

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3 years ago

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The whitepapers contain useful information that will guide the executives to realize the business needs to fulfill for potential customers.

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The whitepapers provide the executives the guide they require to understand and solve business needs.

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