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seraphim [82]
3 years ago
8

Advanced Printing Systems is a firm in a monopolistically competitive market. If it is selling its product at $11 at the equilib

rium quantity and earning normal profit, what is its long-run average total cost?
Business
1 answer:
tamaranim1 [39]3 years ago
3 0

Answer:

The long-run average total cost will be $11.

Explanation:

A monopolistic firm earns a normal profit in the long run. Equilibrium is achieved at the point where the marginal revenue curve is intersected by the marginal cost curve. The equilibrium output level is determined by this intersection.

The price is fixed higher than the marginal cost, the price is equal to the average total cost. This is because if the price is higher the existing firms will be having profits. This will attract potential firms in the market. The entry of new firms will lead to an increase in supply. As a result, the price will decline. This process will continue until the price level becomes equal to the average total cost and all profits are exhausted.

So, here if the price of the product is $11 and the firm is enjoying normal profits, the average total cost will also be $11.

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The Andrews company currently has the following balances in their equity accounts: Common Stock $12,079 Retained earnings $90,36
GarryVolchara [31]

Answer:

$120,669

Explanation:

Ending Retained Earnings = Opening Retained Earning + Net Income - Dividends

therefore,

Ending Retained Earnings =  $90,369 +  $46,300 - $16,000 = $120,669

thus,

Ending balance in Retained Earnings be next year will be  $120,669

6 0
3 years ago
A study comparing perceptions of punctuality in the United States and Brazil found that Brazilian timepieces are less reliable a
son4ous [18]

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On the other hand a culture that makes use of monochronic time values doing a thing at a time and find it easier to meet their targets.

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3 0
3 years ago
What hardware temporarily stores information when software is being used? system bus, ROM, HDMI, or RAM
timurjin [86]
RAM or Random Access Memory stores memory while you have software up, for example a video game stores your progress temporarily using RAM until it stores it in your computers hard drive.
6 0
3 years ago
Read 2 more answers
What is generally the difference between blue-collar workers and white-collar workers?
gayaneshka [121]
White-collar<span> work is performed in an office, cubicle, or other administrative setting.  </span>blue-collar workers<span>, whose job requires manual labors </span>
7 0
2 years ago
The exchange rate between the British pound and the U.S. dollar is 2. In England, the price level is 1.0 and the one-year intere
kifflom [539]

Answer:

C) 1.6

Explanation:

The real exchange rate is calculated by multiplying the nominal exchange rate by the price level of the countries:

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real exchange rate = $2/£ x (US price level / British price level) = $2/£ x 0.8 = $1.6/£

8 0
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