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trapecia [35]
3 years ago
13

Other things equal, if more firms enter a monopolistically competitive industry:

Business
1 answer:
ValentinkaMS [17]3 years ago
3 0
Other things equal, if more firms enter a monopolistically competitive industry the demand curves facing existing firms would shift to the left. The correct option among all the options that are given in the question is the first option or option "a". The situation is bound to become more price elastic and thsi has already happened and so it is a proved condition.
You might be interested in
A furniture store is selling five different couches for $500, $450, $1,800, $450, and $575. Use the mean, median, and mode of th
r-ruslan [8.4K]

Answer:

Mean = $755

Median = $500

Mode = $450

Explanation:

<u>Mean</u>

Mean = (500+450+1,800+450+575) / 5 = 755

So Mean is 755

<u>Median</u>

450, 450, 500, 575, 1,800

The middle value of the series is 500 because even number of items in data set. So median is 500.

<u>Mode</u>

450, 450, 500, 575, 1,800

Most frequent value is 450, so Mode is 450

7 0
4 years ago
Concord Company purchased a new machine on October 1, 2020, at a cost of $115,900. The company estimated that the machine will h
Kazeer [188]

Answer:

$4,870.5

Explanation:

Annual Depreciation Expense:

= [(Cost - Salvage Value) × Machine Usage in 2020] ÷ Total Estimated Working Hours

Depreciation Expense for 2020 (for 3 months only - October to December):

= [($115,900 - $13,900) × 1,910] ÷ (10,000) × (3/12)

= ($102,000 × 1,910) ÷ (10,000) × (1/4)

= $19,482 × (1/4)

= $4,870.5

Notes:

Depreciation will be calculated for only 3 months since the asset has been acquired on 1st October 2020.

7 0
4 years ago
The ________ approach to performance measurement was introduced as a way to evaluate organizational performance from more than j
Maksim231197 [3]

Answer:

c) balanced scorecard

Explanation:

The options for the question we are;

A) market value

B) economic value

C) balanced scorecard

D) financial control

c) balanced scorecard

A balanced scorecard can be regarded as a strategic management performance that is engaged in the improvements as well as identification of internal business functions as well as external outcomes that result from there. It is a tool that helps in returning feedback to an organization. It should be noted that balanced scorecard approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.

6 0
3 years ago
In 2005 the price index was calculated at 115.3 with 2000 as the base year. In 2006 the price index increased to 119.5. What was
mario62 [17]
The answer is the inflation from 2005 to 2006 has changed by [3.6%]
5 0
3 years ago
Jane purchased a piece of equipment for $250,000 for use in her business. She incurred freight charges of $3,500, installation c
Ne4ueva [31]

Answer: $36,000 loss

Explanation:

Purchase cost = $250,000

Freight charges = $3500

Installation charges = $2500

Maintenance cost = $5000

Depreciation = $25000

Offered price = $200,000

Total cost incurred = $(250,000 + 3500 + 2500 + 5000)

Total cost incurred = $261,000

Depreciation = $25,000

Book value of equipment = $261,000 - $25,000 = $236,000

Gain/loss = Book value - offered price

Gain/Los = $236,000 - $200,000

$36,000 loss

4 0
4 years ago
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