1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lisov135 [29]
3 years ago
6

The demand curve faced by a monopolistically competitive firm means

Business
1 answer:
GuDViN [60]3 years ago
6 0
A monopolistic competitive firm's demand curve is downward sloping, which means it will charge a price that exceeds marginal costs.
You might be interested in
Which stage in the evolution of marketing was characterized by personal selling and advertising in order to persuade customers t
KatRina [158]

Answer:

Sales orientation

Explanation:

Sales orientation refers to an approach that is taken by an organization in which the firm is improving its sales by using the sales tactics i.e. in terms of advertising, personal selling, etc

Therefore in the given case, for customer persuasion, the customers purchased the new products or existing products more products are purchased so this represents the sales orientation stage and the same is to be considered

7 0
4 years ago
Magnolia Candle Inc. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purcha
Marizza181 [45]

Answer:

Total cash disbursement= $12,620

Explanation:

Giving the following information:

10% of purchases on account are paid in the month of the purchase

90% of purchases on account are paid in the month following the month of the purchase

Purchases:

March= $11,900

Abril= $12,700

<u>Cash payment April:</u>

Purchase on account from April= 12,700*0.9= 11,430

Purchase on account from March= 11,900*0.1= 1,190

Total cash disbursement= $12,620

6 0
3 years ago
Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Mat
ira [324]

Answer and Explanation:

The computation of the missing amount of the three different situations is shown below:

As we know that

Total manufacturing costs = Direct materials + Direct labor + Factory overhead

Now

<u>Direct materials     Direct labor    Factory overhead     Total manufacturing </u>

<u>                                                                                           costs </u>

$42,300                 $64,000         $52,300                    $158,600

$75,200                 $77,800         $144,000                     $297,000

$58,300                 $140,700       $115,000                      $314,000

6 0
3 years ago
Suppose a bank has $200 million in checking account deposits with no excess reserves and the required reserve ratio is 15%. If t
Verizon [17]

Answer:

Excess reserve = $180 million

Explanation:

Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.

Therefore the required reserve for this bank = 10% ×$200 million= $20 million

Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.

It is calculated as = Total deposit - Required reserve

So we apply this to our question

Excess reserve = $200 million - (10% × $200 million) = 180  million

Excess reserve = $180 million

                         

6 0
4 years ago
When a government subsidy is granted to the sellers of a product, buyers can end up capturing some of the benefit because
matrenka [14]

Answer:

The market price of the product will fall in response to the subsidy.

Explanation:

buyers can end up capturing some of the benefit because the market price of the product will fall in response to the subsidy. the market price of the product will rise in response to the subsidy.

5 0
2 years ago
Other questions:
  • EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich
    15·1 answer
  • the main reason suppliers can offer quantity discounts is that,shipping and handling costs per unit are reduced when customers b
    5·1 answer
  • Last year Randolph Company had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's
    10·1 answer
  • Which of the following is NOT a primary goal of competitive marketing​ intelligence? A. Providing early warnings of opportunitie
    5·1 answer
  • A SHORT forward contract that was negotiated some time ago will expire in three months and has a delivery price of $40. The curr
    12·1 answer
  • Following World War II, the United States experienced an era of unprecedented prosperity and economic growth. Which factor contr
    7·2 answers
  • It appears that George is running a profitable business. George is aware you are in an MBA Managerial Finance class and comes to
    14·1 answer
  • A SWOT analysis provides organizational strategists with key information and a realistic assessment and understanding of both th
    5·1 answer
  • Assume that in a country there are the following assets: $700 Federal Reserve Notes in circulation, $400 in money market funds;
    7·1 answer
  • Admire County Bank agrees to lend Sheridan Brick Company $594000 on January 1. Sheridan Brick Company signs a $594000, 8%, 9-mon
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!