Compared to a purely competitive firm in long-run equilibrium, the monopolistic competitor has a higher price and lower output.
<h3>
When a monopolistic competitive firm is in long-run equilibrium?</h3>
Long Run Monopolistic Competition Equilibrium: Over the long run, a company in a market with the monopolistic competition will produce several items at the point where the long-run marginal cost (LRMC) curve crosses the marginal revenue curve (MR). Where the quantity produced lies on the average revenue (AR) curve will determine the pricing.
<h3>
What ultimately transpires to a monopolistic rival?</h3>
Long-term economic gains or losses in monopolistic competition will be removed by entry or leave, leaving firms with no economic gains. There will be some excess capacity in a monopolistically competitive business; this could be seen as the price paid for the variety of products that this market structure brings about.
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Answer:
Please see the naswer below
Explanation:
Activity-based costing ABC is a method for assigning costs to products, services projects, tasks, or acquisitions, based on the Activities that go into them and the Resources consumed by these activities. Following is the proper order of tasks in an ABC system
1. Identify the primary activities and estimate a total cost pool for each.
2.Select an allocation base for each activity.
3.Calculate an activity cost allocation rate for each activity.
4. Allocate the costs to the cost object using the activity cost allocation rates.
Answer: Under the Equal Pay Act: <u>"d. Wage differentials based on a seniority system are allowed.".</u>
Explanation: The Equal Pay Act states that no employer should discriminate based on sex when paying wages for equal work in jobs But that wage differences can be established according to an seniority system (is allowed).
The appointment of Azra as manager gives her <u>authority</u> to make many decisions during the course of a week
Let understand that options includes <em>accountability, authority, responsibility, delegation.</em>
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Basically, the main function of an organization manager is increase the efficiency or effectiveness of their employees, processes, projects, organizations etc
However, the four basic functions of manager includes effective planning, organizing, leading, and controlling of units in the company.
Therefore, Azra’s position gives her authority to <em>make decision</em>, <em>assigns tasks</em>, <em>approve budget requests</em> and <em>market the business</em>.
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Answer:
Magazine's cost per thousand (CPM) = $62
Explanation:
Given:
Cost per card = $930
Total number of cards = 15,000
Find:
Magazine's cost per thousand (CPM)
Computation:
Magazine's cost per thousand (CPM) = [Cost per card x 1,000] / Total number of cards
Magazine's cost per thousand (CPM) = [930 x 1,000] / 15,000
Magazine's cost per thousand (CPM) = 930,000 / 15,000
Magazine's cost per thousand (CPM) = $62
