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umka21 [38]
3 years ago
6

In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variab

le cost.
Business
1 answer:
tankabanditka [31]3 years ago
8 0

Answer:

Until Marginal Revenue = Marginal Cost

​

Explanation:

In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.

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Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax enjoys the largest market s
mario62 [17]

Answer:

Non-price competition

Explanation:

Non-price competition is when producers use other factors other than the price of their good or service to raise the demand for their product.

Optimax is trying to increase its market share by changing the container for its product. This is non price competition.

Price war is when producers lower the price of their goods in an attempt to increase the demand for their product.

Price leadership is when the dominant firm in an industry sets the market price.

I hope my answer helps you

4 0
3 years ago
A customer came to your department with an urgent question. You promised her that you would collect information about her questi
Firdavs [7]

Answer:

Ask your supervisor if you can be late for the meeting.

Explanation:

Customer is the most important aspect of any company because it is a person who buys goods and services from the store or a department. It is important to provide better quality, price, and services for making a healthier customer relationship.

Here, according to the given situation, a customer came to my shop for help. I asked her that I will give an answer by 20 minutes in between my supervisor planned a meeting. So, here the customer is important for us and in this case, I will go to my supervisor and will tell about customer urgent query and will ask for schedule the meeting later.

7 0
3 years ago
1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, n
Ket [755]

Answer:

Following are the Journal entries to the given question:

Explanation:

Accounts                                                              Dr                                        Cr

Robo Department Overhead Control              996

Materials Control (80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  412

Wages Payable  (80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400

Shop overhead control(80\times  2.30) \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ 184

Finished Goods                                                  2000

Work in process control                                                                             2000

7 0
2 years ago
Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In t
irina [24]

Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

<h3>What is product maximization?</h3>

Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.

Thus, n this case,  the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

Learn more about Product Maximization at;
brainly.com/question/4171648
#SPJ12

7 0
2 years ago
During the course of a year, the labor force consists of the same 6,000 people. Employers have chosen not to hire 420 of these p
dybincka [34]

Answer:

5%

12%

Explanation:

Unemployment rate is the fraction of the labour force that are unemployed but are actively looking for work

Types of unemployment include:

Frictional unemployment : it is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. The 300 unemployed people are frictionally unemployed

structural unemployment : it occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent. The 420 unemployed people are structurally unemployed

Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.

Cyclical unemployment : occurs as a result of fluctuations in the economy

Frictional unemployment = (total frictional unemployed people / total labour force ) x 100

(300 / 6000) x 100 = 5%

Total unemployment rate = (total frictional unemployed people + total structural unemployed individuals / total labour force ) x 100

[(300 + 420) / 6000] x 100 = 12%

7 0
2 years ago
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