Answer:
b. an economic profit of 100%.
Explanation:
A monopoly is when there is only one firm operating in the industry. There are high barriers to entry of firms in a monopoly. Profit is maximised where MR = MC.
Economic profit is affected by the entry or exit of firms into the industry in the long run. Due to the high barriers to entry, a monopoly earns economic profit in the long run.
I hope my answer helps you
Answer:
The answer is given below;
Explanation:
1- Allowance for doubtful accounts $113,000*1.5%=$1,695
Allowance for doubtful accounts-opening =($740)
Bad Debt Expense for the year $955
Bad Debt Expense Dr.$955
Accounts Receivable Cr.$955
2.Bad Debt Expense=$1,695+1,000)=$2,695
Bad Debt Expense Dr.$2,695
Accounts Receivable Cr.$2,695
Answer:
I would say 2 but given the options (A. 3)
Explanation:
Answer:
A set of factors (analogous to cost drivers) that are particularly effective in having a strong differentiation effect
Explanation:
Value drivers refers to the value addition to a product or a service by a firm, which drive customers towards purchasing such products. Such additions also help distinguish a firm's own products from those of the competitors.
Value drivers could be in the form of using superior latest technology or creation of better brand awareness, etc. Such drivers also help the firm attain a competitive advantage over it's rivals.
Competitive advantage refers to possession of some unique resource or skill, which is hard to be replicated by the rival firms and which helps such a firm gain a competitive edge in the industry. For example, highly skilled workforce.
A firm strives to add more and more of such value drivers so as to gain competitive advantage in as many business spheres as possible and realize it's business goals effectively.
Underutiliation is shown by any point that appears inside the production possibilities frontier