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3 years ago

If the market demand for the product increases, in the short run a purely competitive firm:

Business

1 answer:

TiliK225 [7]3 years ago

8 0

Answer: D) Will earn higher profits or experience smaller losses as a result of change in the market

Explanation:

Perfect (pure) competition is a market form with very large no. of buyers (firms) & sellers, homogeneous products , uniform price , perfect information about prices .

So , in such case - firms are only 'price takers' from the industry price maker.

Increase in market demand for the industry product will shift the downward sloping market demand curve rightwards & firm's horizontal demand /AR / MR curve (horizontal because of uniform price & perfectly elastic demand) upwards .

This increase in marginal / average revenue will increase the perfect competition firm's profit or reduce its losses .

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Negative feedback received during the final evaluation of the decision indicates:______A. the decision was a bad one. B. impleme

kumpel [21]

Answer:

E) Any of the above may be possible.

Explanation:

Negative feedback means any of following reasons are possible:

1. The decision was a bad one (most probably)

2. More information and new suggestions should be incorporated since the more input better will be the output

3. More time, resources, effort and thought are needed

4. Manager may have to re-start the decision process from beginning

8 0

3 years ago

Read 2 more answers

1. A new furnace for your small factory will cost $27,000 to install and will require ongoing maintenance expenditures of $1,500

Marina CMI [18]

Answer:

payback 3.29 years

NPV 87,158.55

Explanation:

PO 27,000

Cash flow saving Y1

2400 x 3.5 = 8,400

expenditures (1,500)

net savings 6,900

Cash flow saving Y2

The price will increase 0.5

6,900 + 2,400 x 0.5 = 8,100

Cash flow saving Y3 to Y20

The price will increase 0.5

8,100 + 2,400 x 0.5 = 9,300

We have an annuity of 18 years for 9,300 cash

And then we have a cash flow of 6,900

and another of 8,100

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C = 9,300

r = 8%

time = 18

$9,300 \times \frac{1-(1+0.08)^{-18} }{0.08} = PV\\$

PV = 87,158.55

Now this values are years into the future, so we need to bring them to present day.

$\frac{Principal}{(1 + rate)^{time} } = PV$

year 1 principal 6,900

6,900/1.08 = 6,388.89

year 2 principal 8,100

$\frac{8,100}{(1 + 0.08)^{2} } = PV$

PV= 5,915.64

year 3 annuity 87,158.55

$\frac{87,158.55}{(1 + 0.08)^{3} } = PV$

PV= 69,189.27

cash flow - investment = net present value

69,189.27 + 5,915.64 + 6,388.89 - 27,000 = 54,493.8

The payback will be the time perdion when the project recovers it initial cost:

we first add the income from the irregular years and subtract from the investment

6,900 + 8,100 = 15,000

27,000 - 15,000 = 12,000

then we use the general formula investment/cash flow per year

12,000/9,300 = 1.29

the project need the first two years and then 1.29 years

2 + 1.29 = 3.29 years

6 0

4 years ago

Which option correctly describes a benefit of using professional networking websites? OA Reach out to friends and relatives for

Katena32 [7]

Answer:

B. you should get updates about the companies that interest you.

Explanation:

B. Because once you find something that interest you its easier to work at a place you like than to be bored and sad at a place you don't like

6 0

3 years ago

1) Define JTA please help

otez555 [7]

Answer:

The Full form of JTA is Job Task Analysis.

Explanation:

JTA) allows applications to perform distributed transactions, that is, transactions that access and update data on two or more networked computer resources.

Hope it helps! ◕ ‿ ◕

Sorry if it’s wrong! :(

5 0

2 years ago

Read 2 more answers

the entity that normally is supposed to determine whether an academic researcher's conflic of interest can be managed is

Delvig [45]

A conflict of interest committee is the entity that normally is supposed to determine whether an academic researcher's conflict of interest can be managed.

<h3>What is conflict?</h3>

Conflicts arise from disparate interests, points of view, or even philosophical notions. Conflict will always exist in society because it might stem from personal, race, class, caste, political, or even international issues. In disagreements that are emotional, intellectual, or theoretical, academic recognition may or may not be a key motivator. Cultural conflict is a form of intellectual conflict that, due to diverse cultural conventions and beliefs, tends to get worse over time.

Group conflicts typically follow a predefined course. An internal conflict, which is typically sparked by conflicts between the group's members, internal disagreements, or a lack of resources, initially interrupts normal group interactions.

To learn more about conflict ,visit:

brainly.com/question/17744728

#SPJ4

3 0

2 years ago