Compared to a purely competitive firm in long-run equilibrium, the monopolistic competitor has a higher price and lower output.
<h3>
When a monopolistic competitive firm is in long-run equilibrium?</h3>
Long Run Monopolistic Competition Equilibrium: Over the long run, a company in a market with the monopolistic competition will produce several items at the point where the long-run marginal cost (LRMC) curve crosses the marginal revenue curve (MR). Where the quantity produced lies on the average revenue (AR) curve will determine the pricing.
<h3>
What ultimately transpires to a monopolistic rival?</h3>
Long-term economic gains or losses in monopolistic competition will be removed by entry or leave, leaving firms with no economic gains. There will be some excess capacity in a monopolistically competitive business; this could be seen as the price paid for the variety of products that this market structure brings about.
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Answer:
The correct answer is option c.
Explanation:
A decrease in the supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will further cause the demand and supply curve to intersect at a higher point.
As a result, there will be an increase in the equilibrium price and a decrease in the equilibrium quantity.
This also represented in the figure given below.
Answer:
Call in Arrear
The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.
Explanation:
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Answer:
The cost of product transferred to Finished Goods Inventory is $450,100
Explanation:
The computation of the cost of the product transferred to Finished Goods Inventory is shown below:
= Beginning Work in Process Inventory + direct material + direct factory payroll + overhead cost - Ending Work in Process Inventory
where,
Direct material = Total material - indirect material
= $211,000 - $34,800
= $176,200
Direct factory payroll = Total factory payroll - indirect labor
= $159,600 - $44,800
= $114,800
Overhead cost = 150% of direct labor cost
= 150% × $114,800
= $172,200
The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $17,100 + $176,200 + $114,800 + $172,200 - $30,200
= $450,100
Answer:
The correct answer is "He Value your Time"
Explanation:
Time is valuable in business. It is one of the most valuable components for the achievement of a business. According to the conduct of the official right hand, it proposes that he picked concentrating on each message in turn. He put aside his undertaking and confronted you. This unmistakably shows he esteems your time.
