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4 years ago

Which of the following is not a characteristic of monopolistic competition?

Business

1 answer:

BlackZzzverrR [31]4 years ago

7 0

Answer:

The correct answer is option c.

Explanation:

Monopolistic competition is a market structure where there is a large number of sellers producing differentiated products. The market is fragmented because of product differentiation.

The entry and exit in the market are relatively easy with no or very low restrictions. Because of free entry and exit, the firms can earn positive profits only in the short run.

In the long run, other potential firms enter the market increasing the market supply and reducing the profit and price level. So firms can earn only normal profits in the long run.

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If a U.S. citizen could buy £25,000 for $100,000, the rate of exchange for the pound would be

Natalka [10]

Answer:

<u>The rate of exchange for the £ is US$ 4</u>

Explanation:

1. Let's check the information provided to answer the question correctly:

Amount the U.S. citizen want to buy in £ = 25,000

Amount the U.S. citizen will pay in US$ = 100,000

2. Let's calculate the rate of exchange for the British pound £, this way:

Rate of exchange = Amount in US$/Amount in £

Rate of exchange = 100,000/25,000

<u>Rate of exchange = 4 US$ per £</u>

We can also express the rate for the US$, this way:

Rate of exchange = Amount in £/Amount in US$

Rate of exchange =25,000/100,000

Rate of exchange = £ 0.25 per US$

5 0

3 years ago

An appraiser has just completed a search of the records for comparable residential properties that have sold within the last six

BigorU [14]

I believe the Appraier is using: <span>Direct Sales Comparison Approach (mostly used with residential properties.
Direct sales comparison approach is an appraisal method that being done by comparing the sales that happen between similar properties/products to determine the value of that properties/productss</span>

8 0

4 years ago

The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual num

LenKa [72]

Answer:

Actual Rate= $9.5 per hour

Explanation:

Giving the following information:

Actual number of hours= 6,300

Direct labor price variance= $3,150 unfavorable

Standard rate= $9 per direct labor hour

<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

-3,150 = (9 - Actual Rate)*6,300

-3,150 = 56,700 - 6,300Actual Rate

-59,850 = -6,300Actual Rate

-59,850/-6,300 = Actual Rate

$9.5 = Actual Rate

4 0

3 years ago

Discuss how new technologies make it easier to learn. how do they facilitate transfer of training?

svetoff [14.1K]

Utilizing a variety of learning media, from text and picture to video and audio, is another technique to aid in the transfer of learning to new situations. According to research, using text, visuals, and narrative might enhance learning transfer and keep your cognitive resources from getting overworked.

<h3>Definition of transfer:</h3>

Transfer is defined as moving or shifting from one person, location, or circumstance to another to cause anything to be passed from one to another convey modify, alter.

<h3>What is purpose of transfer?</h3>

Employees may be transferred to jobs where they will likely be more effective or experience higher levels of job satisfaction. No changes are made to the role, title, status, or pay during transfers. It is a process of the employee adjusting to the job, the time, and the location.

To know more about Transfer visit:

brainly.com/question/20114693

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3 0

1 year ago

Suppose that the u.s. government doubles its spending on health care. the _____ curve shifts _____, output _____, and prices ___

denpristay [2]

The <u>aggregate demand</u> curve shifts <u>right</u>, output <u>increases</u>, and prices <u>increase</u> when the U.S. government doubles its spending on health care.

Aggregate demand or AD refers to the total demand for all individual goods and services.

The aggregate demand and supply for an economy can be depicted by a schedule, a curve, or even an algebraic equation. Just like the demand and supply for individual goods and services.

The total quantity of all goods and services that the economy demands at various price levels is illustrated by the aggregate demand curve.

Therefore, if the U.S. government doubles its health care spending, the aggregate demand curve shifts right, output rises, and prices rise.

Know what happens when there's equilibrium or when supply and demand meet: brainly.com/question/1342403

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8 0

2 years ago