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Tanzania [10]
3 years ago
14

The broccoli market is perfectly competitive. This means that the price of broccoli is ________ than the price would be if the m

arket was monopolistically competitive, and broccoli output is ________ than if it was monopolistically competitive.
Business
1 answer:
LiRa [457]3 years ago
7 0

Answer:

Price is lower than ; Quantity is higher than Monopolistic Competition

Explanation:

Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices. Having uniform prices, It has perfectly elastic horizontal demand (Average Revenue) curve, ie = Marginal Revenue curve. Equilibrium price is where MR = MC ; So price = MC. This leads to optimal quantity supplied in market

Monopolistically competitive is market form having many sellers, selling slightly differentiated products, at different prices. Their demand curve (AR curve) is usually downward sloping, lies above the MR curve. Market equilibrium quantity is determined at MR = MC. The corresponding price is determine as per higher demand (AR) curve. Price > MC implies less than optimal quantity supplied in markets

Hence : Broccoli would be lower priced & higher supplied in case of perfect competition market, relatively higher priced  & less supplied in case of monopolistic competition market.

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5 0
3 years ago
A 10 ounce bottle of soap costs $2.00. You can buy a 20 ounce bottle for $5.00. What is TRUE about your soap purchasing options?
ddd [48]

Answer:

The TRUTH about the soap purchasing options is:

d) it is better to but the 10-ounce bottle because the price per ounce is cheaper.

Explanation:

a) Data and Calculations:

Cost of 10 ounce bottle of soap = $2.00

The per ounce cost of the 10-ounce bottle of soap = $0.20 ($2/10)

Cost of 20 ounce bottle of soap = $5.00

The per ounce cost of the 20-ounce bottle of soap = $0.25 ($5/20)

Therefore, the 10 ounce bottle of soap is cheaper and better.

b) It is more cost-effective to buy the 10 ounce bottle of soap.  With $4.00, one can buy 2 of 10 ounce bottle of soap unlike $5.00 spent for 20 ounce bottle.

8 0
3 years ago
The goal of logistics is to manage the physical flow of materials and information from points of origin to points of consumption
AnnyKZ [126]

Answer: Meeting customer requirements at a profit

3 0
3 years ago
Mona contracts to repair a computer for New Data, Inc. (NDI) for $450 and have it done by next Monday. Mona knows that without t
damaskus [11]

Answer:

$5,000

Explanation:

Consequential damages are damages that result from the one party in a contract not performing their part or breaching the contract.

In this case, New Data can sue Mona for consequential damages resulting from Mona not performing her contractual obligations. The damages that New Data can recover = $5,000 which is the profit from the lost sale. The $1,000 spent fixing the computer cannot be recovered.

8 0
4 years ago
A married couple, ages 55 and 52, with no children, are both employed at DEF Corporation. They have asked for an evaluation of t
posledela

Answer:

B. The portfolio should be reallocated based on their stated investment objective, reducing the cash and bond percentage by 50% and using the proceeds to buy a small or mid-cap growth mutual fund

Explanation:

Since this couple has stated investment goal of development with moderate hazard, a portfolio that just has about 25% values and that has 75% fixed pay protections is improper - since it will give pay; yet little development. The long haul bond and money designation ought to be decreased and supplanted with development stocks to more readily adjust the portfolio. Decision C is unreasonably theoretical for a "preservationist financial specialist." Choice D is to some degree valid since this couple is putting resources into their manager's stock - yet since the stock just speaks to 8% of the client's all out portfolio, this isn't a too much enormous rate.

4 0
3 years ago
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