Answer:
The correct answer is: high; little.
Explanation:
In monopolistic competition, a firm produces at the level of output where the marginal revenue is equal to marginal cost. The firm is able to maximize its profit at this point.
However, the socially optimal level of output is where the price is equal to marginal cost. This level of output is greater than the profit-maximizing level of output and charges a lower price.
But since the firm is a price maker, it produces at the point where MR equals MC. At this point, the price is higher and the output produced is smaller. This creates a deadweight loss in the market.
Answer:
Statements A and C are correct.
Explanation:
- Book Value per share is the value shown in the balance sheet, which is calculated by:
Formula: 
After putting values in the formula we get:
- Market value per share is calculated on the bases of prices of share according to the market. For example, if your company has $10000 share outstanding and the price in market per share is 50 then the market value would be $500000.
So, we have to calculate market value per share for that we have to reverse the actual calculation, which means we will have to divide total market value of outstanding shares by the total number of outstanding shares to get market value per share:
<em>Hence, statement A and C both are correct. </em>
Answer:
The correct answer is letter "B": a shift to the right of the supply curve for A.
Explanation:
According to the supply law, when the quantity supplied of a good increase, so will the price for that good. This will also cause that the supply curve shifts to the right. Then, technological improvements are likely to boost production which implies manufacturing more products, thus, increasing supply.
So, <em>the introduction of technologies in the production of good A will shift the supply curve of A rightwards.</em>
Answer:
Chartered Accountant or Certified public accountant.
Explanation:
Chartered accountant is a designation or degree provided to the Accounting professional across the world except in United states, they have another equivalent designation of Certified public accountant. This designation required knowledge on accounting, tax, auditing, etc. They need to qualify in a rigorous accounting examination. As a professional their responsibility is to create financial statement, filling or helping company to file or calculate tax and providing financial advice.
