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Nataly [62]
3 years ago
12

n monopolistic​ competition, each​ firm's markup​ ______ that in perfect​ competition, and the price is​ ______ than in perfect

competition. A. is the same​ as; higher B. ​exceeds; higher C. is the same​ as; same as D. ​exceeds; same as The total quantity produced by the firms in monopolistic competition is​ _______ the total quantity produced by firms in perfect competition. A. greater than B. less than C. equal to
Business
1 answer:
CaHeK987 [17]3 years ago
8 0

Answer:

The correct answer is option B.

The correct answer is option B.

Explanation:

In a monopolistic market, the markup of each firm is higher than that of a firm in perfect competition. Price is higher as well. The firm in perfect competition is a price taker. The price is determined by the market forces. While, on the other hand, in a monopolistic market the firm is price maker. The price is determined by the interaction of marginal revenue and marginal cost.  

Perfect competition has both productive as well as allocative efficiency. So the output produced in perfect competition is higher.

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Great Adventures obtains a $30,000 low-interest loan for the company from the city council, which has recently passed an initiat
Tju [1.3M]

Answer:

The journal entry at the time when great adventures obtains the $30,000 loan is:

Account Title                       Debit            Credit

Cash                                     30,000

Notes Payable                                          30,000

The interest accrued at the end of each month would be:

30,000 * 6% = 1,800/12 = $ 150

Interest entry would be made at the end of each month to record the interest expense.

7 0
3 years ago
The treasurer of a major U.S. firm has $36 million to invest for three months. The interest rate in the United States is .24 per
Hunter-Best [27]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
In 2019, Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The
Lady_Fox [76]

Answer:

FUTA tax due from the corporation is $108

 

Explanation:

The First and Second employee earned 7000 each

The Third employee earn earns 4000

Paid under State Unemployment Tax by the employer is = (7000+7000+4000) x 5.40% =$972

How much FUTA tax is due from Willow Corporation for 2019?

Credit of tax paid in State Unemployment Tax is availabe for FUTA tax of 6%, thus FUTA due will be:

=(6% of 18000) - $972

=1080-972

=$108

5 0
3 years ago
What item can a consumer expect to find in a retail store
Annette [7]
It would be "Meat to cook for dinner at home" that a consumer expect to find in a retail store since retail stores market to individuals and families, not large-scale projects. 
5 0
3 years ago
Read 2 more answers
Item 1 Lawrin is a real-estate salesperson whose compensation is commission-only. She earns a 3% commission on the sale price of
Lera25 [3.4K]

Answer:

Gross pay= $13,357.8

Explanation:

Giving the following information:

Gross commission= 3%

Sales= $445,260

<u>The gross pay is the amount earned before tax and other deductions. We need to use the following formula:</u>

Gross pay= commission rate*sales

Gross pay= 0.03*445,260

Gross pay= $13,357.8

7 0
3 years ago
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