The principal difference between public and privately held companies is that public companies have shares that can be publicly traded on a stock market. A privately held company might become a publicly held company by conducting an initial public offering, which is the offering of shares of the company to the public.
Answer:
a. marginal revenue is equal to marginal cost.
Explanation:
Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.
Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.
Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.
When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost
. This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).
<em>Thus, a monopolistic competitive producer has a highly elastic demand curve and firms would eventually break even in the long-run. </em>
Answer:
Consider the following calculations
Explanation:
1.
Direct material $14
Direct labor (16*1.9) 3.04
Variable overhead (1.1*1.9) 2.09
Fixed overhead (1.5*1.9) 2.85
Unit product cost $21.98
2. Cost of budgeted ending inventory = 21.98*620 = $13, 628
Demand curve will shift towards right due to <u>a decrease in U.S. real interest rate</u>
With the decrease in the interest people will sell bonds and get money, as a result money supply will increases and it leads to more demand for goods and services.
It means <u>a decrease in U.S. real interest rate</u> causes rightward shift of AD curve.
Demand is an monetary concept that pertains to a purchaser's preference to purchase items and offerings and willingness to pay a particular rate for them. An growth within the rate of an awesome or service has a tendency to decrease the quantity demanded.
Demand may be defined as the quantity of a commodity that a client is in a position and willing to shop for, at each viable fee, over a given time period. Essential elements of call for are quantity, ability, willingness, fees, and period of time.
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