Answer: cost
Explanation: In simple words, cost refers to the total amount of resources used by an organisation for preparing its relative commodity to sell it to the ultimate customer. It is the sum of expenses incurred for the generation of revenue.
It is the total outflow of resources,therefore , the producers often use it for setting prices so that they can generate the amount of profit they are targeting for.
Hence we can conclude that the correct answer is cost.
The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.
Monopolistic competition occurs when many companies offer competing products or services that are similar but not perfect substitutes. Barriers to entry in a proprietary and highly competitive industry are low, and no single firm's decisions directly affect its competitors.
The best examples of purely competitive markets are agricultural commodities such as corn, wheat and soybeans. Monopolistic competition, like pure competition, has many suppliers and low barriers to entry.
In pure competition, all products are similar. Products may not all be the same and may not be exactly the same in packaging, color, and shape. Since the products are the same, buyers often have no product preferences and buy all products equally.
Learn more about the monopolistic competition here: brainly.com/question/25717627
#SPJ4
Answer: 1. Decreasing
2. Increasing
Explanation: i guess on it my guy
Answer:
8
Explanation:
the money multiplier = 1 / required reserve ratio = 1 / 0.125 = 8
The money multiplier refers to the capacity of the banking system to "create" money, e.g. John deposits $1,000 dollars in bank A. Then bank A lends $875 to Frank which buys a bike from Sarah. Then Sarah deposits the $875 in bank B, which in turn borrows $765.63 to Anne. Anne pays her rent to Adam, who deposits the money in bank C and then bank C lends $669.92 to Joe, and ...
Answer:
cost of goods manufactured= $356,200
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Overhead:
Depreciation on plant 63,400
Property taxes on plant 23,100
Factory supplies used 31,700
Total overhead= $118,200
cost of goods manufactured= 13,800 + 125,700 + 116,100 + 118,200 - 17,600
cost of goods manufactured= $356,200
