When you say the POV of the something that you want to talk about and give the them the prof to believe you that you right
Answer: The correct answer is "d. equal to average cost, including the opportunity cost of capital.".
Explanation: In the long run the prices charged by a firm in monopolistic competition will be equal to average cost, including the opportunity cost of capital.
In long-term monopolistic competition, the demand curve will be tangent to the average long-term cost and the price set at this level. The benefits will be equal to zero and therefore there will be no entry or exit of companies.
Based on the cost of producing the inventory by Scrooge, the consolidated inventory balance on December 31 will be $20,100.
<h3>What is the inventory balance for the consolidated entity?</h3>
This can be found as:
= Cost of inventory sold to Pilfer - Amount of goods sold
Solving gives:
= 67,000 x (1 - 70%)
= 67,000 x 30%
= $20,100
Find out more on consolidated inventory at brainly.com/question/15415717.
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Answer:
Required Reserves
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
$100,000 - $70,000 = $30,000
there are 2 types of reserves
1. Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.2 x $100,000 = $20,000
2. Excess reserves is the difference between reserves and required reserves
$30,000 - $20,000 = $10,000
