Answer:
a. downward sloping
b. decrease
c. decrease
Explanation:
Monopolistic competition is a type of imperfect competition:
Companies do not have the monopoly market power but they do have some market power.
Behavior
:
As in the other models already analyzed, these companies seek to maximize their profit, which will lead them to set their level of activity at the cut-off point of the marginal revenue and marginal cost curve.
Once this level of activity has been determined, the price will be determined by the demand curve.
Therefore, in a monopolistic competition market, the company produces in the descending section of its average total cost curve, while in competitive markets it produces at the minimum point of its average total cost curve.
Monopolistically competitive companies produce below the efficient scale. This lower activity means that, unlike the perfectly competitive market, the total profit is not maximized.
<span>The velocity of money is not the money supply divided by nominal gdp, nor the long-term growth rate of the money supply. It is not the rate at which the fed puts money in the economy but it is the average number of times per year a unit of money (dollar) is spent. </span>
Answer:
The correct answer is a. total quality management.
Explanation:
It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of a production process. The purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction.
Another way to understand this concept is as a mechanism for studying and monitoring the processes and human work of a firm. It is also called through its English translation: Total Quality Management (TQM).
The denomination of total is understandable from the perspective that the quality required and evaluated in the strategy includes both the different levels and elements of a company and the human group that works in it. That is, the search for quality prevails in each of the different organizational processes.
Answer:
B. geometric rate of return
Explanation:
The geometric mean is the average growth of an investment computed by multiplying n variables and then taking the nth –root. Geometric Average Return is used for computation of Average rate per period on an investment compounded over multiple time periods. It is the average set of products technically defined as the 'n' th root products of the expected number of periods.Geometric mean takes several values and multiplies them together and sets them to the 1/nth power.
Answer:
$5 per case
Explanation:
Calculation for what The amount of the tax on a case of beer is $ per case.
Using this formula
Tax = Price Consumers Pay−Price Producers Receive
Let plug in the formula
Tax= $7 per case−$2per case
Tax=$5 per case
Therefore The amount of the tax on a case of beer is $5 per case
