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kobusy [5.1K]
3 years ago
6

If a monopolistic competitor is able to restrict output, why doesn’t it earn economic profits?

Business
1 answer:
Aneli [31]3 years ago
8 0
Had to look for the options and here is my answer. If a monopolistic competitor ables to restrict output, then the reason why it does not earn economic profits is because the products of the firm are all identical or the same. Hope this answers your question. 
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Great Southeast ​Company's Cash account shows an ending balance of $ 720. The bank statement shows a $ 26 service charge and an
Harlamova29_29 [7]

Answer:

Adjusted cash will be $554

Which is not given in the bellow option

Explanation:

We have given ending balance = $720

Service charge = $26

NSF check for $140

And $200 deposit in transit

And a outstanding checks total of $420

We have to find the adjusted cash balance

Adjusted cash balance = Cash ending balance - NSF Checks - Service charge = $720 - $26 - $140 = $554 ( as outstanding checks and deposit in transit is not considered in adjusted cash )

After calculation we get $554 which is not given in the bellow option    

3 0
3 years ago
In 1-4 sentences, name and describe the three kinds of procedures in an economy.
victus00 [196]

There are 3 types of producers in an economy.

Primary producers - Agricultural - raw materials and crops

Tertiary producers - Industrial -take the raw materials and produce finished goods

Tertiary producers - Services- this type of producer provides intangible services

7 0
3 years ago
Cameron Corp. purchased a mine on January​ 1, 2018, for​$530,000, which is estimated to contain​ 35,000 tons of iron ore. There
balu736 [363]

Answer:

D.$163,512

Explanation:

Depletion expense is a charge against profits for the use of natural resources.

Depletion rate = cost to purchase resource/ number of units = $530,000/ 35,000 tons = $15.14 per ton

Depletion expense for 2019 = Depletion rate * number of units extracted and sold in 2019 = $15.14 * 10,800 =  $163,512

7 0
3 years ago
For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January 1, 2021, the company had 1,
MArishka [77]

Answer:

0.78

Explanation:

The computation of the earning per share is given below;

= $965,000 ÷ 1,239,000

= 0.78

The 1,239,000 comes from

= 1,070,000 × 12 ÷ 12 + 85000 × 8 ÷ 12 + 96,000 × 7 ÷ 12 + (1,070,000 + 56,667) × 5%

= 1,070,000 + 56,667 + 56,000 + 56,333

= 1,239,000

5 0
3 years ago
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stiv31 [10]
The answer is "because Microsoft could conceivably lose deals in the event that it sets costs unpredictably".
 
Microsoft Corporation shortened as MS, and it refers to an American multinational innovation or technology organization with home office in Redmond, Washington. It creates, makes, licenses, backings and offers PC programming, shopper hardware, PCs, and administrations. Its best known programming items are the Microsoft Windows line of working frameworks, the Microsoft Office suite, and the Internet Explorer and Edge web programs.
7 0
3 years ago
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