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3 years ago

Confronted with the same unit cost data, a monopolistic producer will charge Group of answer choices

Business

1 answer:

dsp733 years ago

5 0

Answer:

a higher price and produce a smaller output than a competitive firm

Explanation:

A monpolistically competitive firm is a firm that :

1. Sells differentiated products from other firms in the industry.

2. Has many buyers and sellers

3. Is a price maker

4. Has no barrier to entry or exist of firms

An example of a monpolistically competitive firm is a resturant.

A competitive firm is a firm that:

1. Sells identical goods with other firms in the industry.

2. Is a price taker . Prices are set by forces of demand and supply

3. Has many buyers and sellers

4. There are no barriers to entry or exist of firms.

When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.

While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.

A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.

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The "inverse dependency ratio" is defined as the ratio of

Papessa [141]

Answer:

The correct answer is the option C: the working-age population to the number of dependents.

Explanation:

On one hand, the dependancy ratio is the name given, in the field of economics, to the term that refer to an age-population ratio that are and are not in the labor force. Moreover, this type of ratio focuses in measuring the pressure that the productive population has over the nonproductive population.

On the other hand, the inverse dependay ratio measures the amount of labor force that has to be provided regarding one dependent person. Therefore that it is understandable that the inverse dependency ratio is defined as the reatio of the working-age population to the number of dependents.

6 0

3 years ago

The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82

egoroff_w [7]

Answer:

The inventory would be valued at $75 each

Explanation:

From a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.

As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.

From the foregoing analysis,the replacement of $75 each per item is lower than the initial cost $76.50,invariably our inventory is valued at $75 each.

4 0

3 years ago

Read 2 more answers

Martinez Furniture Company started construction of a combination office and warehouse building for its own use at an estimated c

baherus [9]

Answer:

$530,672

Explanation:

Base on the scenario been described in the question, we can use the following method to compute the avoidable interest on this project

Use the attached file below to find the solution to given problem .

3 0

3 years ago

Conversion and direct materials are generally both added at the end of the production process. true or false

dlinn [17]

This statement is false.
Conversion and direct materials are generally both not added at the end of the production process. As a matter of fact, they are either added at the beginning, or in the middle of the process, but definitely not at the end because then it would be too late.

6 0

2 years ago

From past records it is known that 10% of items from a production line are defective. If two items are selected at random, what

nadya68 [22]

Answer:

0.2

Explanation:

The Probability distribution is the function which describes the likelihood of possible values assuming a random variable. The 10% of the items from the production line are assumed to be defective. There is a sample selection of 2 items. The probability that one of the item among the selected sample of two items is found defective is 0.2 (2 items sample *10%)

7 0

3 years ago