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Firdavs [7]
3 years ago
15

Which of the following is not true of both firms in monopolistic competition and firms in perfect​ competition? A. Both types of

firms produce at minimum ATC. B. Both types of firms produce where MC​ = MR. C. Both types of firms have the possibility of​ short-run economic profits or losses. D. Both types of firms can earn zero economic profits in​ long-run equilibrium.
Business
1 answer:
ivanzaharov [21]3 years ago
7 0

Answer:

 A. Both types of firms produce at minimum ATC.

Explanation:

A monopolistic competition is when there are many buyers and sellers of differentiated goods and services.

A monopolistic competition is characterised by little or no barriers to entry or exit of firms. In the short run, if a firm is earning economic profit, in the long run, firms enter into the industry and drive economic profit to zero. Also, if the short run, firms are earning economic loss, in the long run, firms would leave the industry and economic profit would be zero.

A monopolistic competition doesn't produce at minimum ATC and as a result it operates with excess capacity.

A perfect competition is characterised by many buyers and sellers of homogenous goods and services.

There are no barriers to entry or exit of firms into the industry. So firms make zero economic profit in the long run.

It produces at minimum atc and where Mr equals mc.

I hope my answer helps you

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A binding price ceiling on apartments (effective rent control) will:
My name is Ann [436]

Answer:

D) cause the quantity demanded to exceed the quantity supplied of rental housing.

Explanation:

A price ceiling is a binding government regulation in which it puts a cap on the price landlords can charge tenants to rent their properties. If this happens, there could be a rapid significant increase in the demand of apartments. This would lead  to excess demand that the existing  supply cannot meet , creating a shortage. The property owners may also choose to not rent their apartment at that lower price driving the supply even lower.

4 0
3 years ago
Carducci corporation reported net sales of $3.6 million, average total assets of $1.1 million, and net income of $847,000. The t
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CALCULATE TOTAL ASSETS TURNOVER :

TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS

                                            = 3.6/1.1

TOTAL ASSETS TURNOVER = 3.27 TIMES

In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.

An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.

Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.

Learn more about ASSETS here

brainly.com/question/11209470

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4 0
1 year ago
The AUD/$ spot exchange rate is AUD1.60/$ and the SF/$ is SF1.25/$. The AUD/SF cross exchange rate is _____. Group of answer cho
DaniilM [7]

Answer:

a. $1.2800

Explanation:

The AUD/SF cross exchange rate is as computed below:

==> AUD/$ ÷ SF/$

==> $1.60 / $1.25

==> $1.2800

So, the AUD/SF cross exchange rate is $1.2800

6 0
3 years ago
Pay for knowledge programs:
barxatty [35]

Answer:

D. base an employee's salary on the number of task skills he or she possesses.

Explanation:

Pay for knowledge programme as the name implies, is when an employer renumerate an employee for learning or developing new skills/task on the job.

If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.

In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.

4 0
3 years ago
The inflation tax refers to
Mandarinka [93]

Answer:

The correct answer is letter "D": the revenue a government created by printing money.

Explanation:

<em>When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects. </em>

The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.

4 0
4 years ago
Read 2 more answers
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