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Viktor [21]
2 years ago
14

Why do we need to carefully plan the operations of the business?​

Business
1 answer:
Digiron [165]2 years ago
3 0

Answer:

hi nhi pata bhai soery. long

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Suppose that there are 50 firms in a monopolistically competitive industry in country A and 50 firms in the same monopolisticall
blondinia [14]

Answer:

The total number of firms in this industry will decrease in the long run because  increased competition will mean lower profit margins which will lead to some firms earning sub normal profits which will force them to leave the industry.

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3 0
3 years ago
Formal planning means specific goals are formulated and never reduced to writing but simply communicated.
Alexxx [7]
<span>The statement that formal planning means specific goals are formulated and never reduced to writing but simply communicated is false. 
</span><span>In opposite formal planning is type of strategic planning that includes writing of the organization's goals and objectives. The given definition refers to the informal planning. </span>
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What are the four components used to calculate Gross Domestic Product
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<span>Personal consumption expenditures.Investment.Net exports.Government expenditure.</span>
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3 years ago
Under what circumstances might a business plan include a funding request for working capital? Select one: a. It is just starting
cestrela7 [59]
A. It is just starting out.
8 0
3 years ago
A perfectly competitive market is in long run equilibrium. At present there are 100 identical firms each producing​ 5,000 units
Tema [17]

Answer: B. In the short​ run, the typical firm increases its output and makes an above normal profit.

Explanation:

I have attached a graph to explain.

Originally the Perfectly Competitive Market is in a long run Equilibrium.

This means that at 5000 units the $20 selling price was as a result of Marginal Revenue being equal to Marginal Cost.

Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.

This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.

This higher level will thus lead to a higher output than 5000 units at point Q as the firm will increase output.

Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.

Do react or comment if you need any clarification.

7 0
3 years ago
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