Answer:
hi your question lacks the required options here is the complete question and options
You are a manager for a monopolistically competitive firm. From experience, the profit-maximizing level of output of your firm is 100 units. However, it is expected that prices of other close substitutes will fall in the near future. How should you adjust your level of production in response to this change
a. Produce less than 100 units
b. Insufficient information to decide
c. Produce 100 units
d. Produce more than 100 units
Answer : Produce less than 100 units
Explanation:
A monopolistic firm is a firm that has the sole responsibility or sole ownership of the right of production of certain goods and services. and such products are profit maximizing products because the demand for the products determines the price in the market and also the products are produced at marginal cost equaling its marginal revenue.
From experience when the prices of the close substitutes of the product fall the demand for the product will decrease hence its market price will fall therefore it is wise to produce less than the usual 100 units to still maximize profit.
Answer:
The correct answer is: "You can't always get what you want".
Explanation:
British well-known rock band "The Rolling Stones" was formed in 1962. Along their hits, we can identify "Paint it black", "Give me shelter", "Wild Horses", "Waiting on a friend" or "You can't always get what you want" (released in 1996) which is a song encouraging people to fight for what they want to achieve even if not all the time what is desired can be obtained.
Answer:
42.5%
Explanation:
The computation of the inflation rate between 2012 and 2011 is shown below:
But before that we need to do the following calculations
Cost of basket for the year 2011 is
= 5 × 2 + 20 × 0.5
= 10 + 10
= 20
And the base year price index i.e. CPI is 100
Now
Cost of same basket in year 2012 is
= 5 × 2.10 + 20 × 0.90
= 10.5 + 18
= 28.5
Now
CPI in 2012 is
= ($28.5 ÷ $20) × 100
= 142.5
So,
Inflation rate is
= (142.5 ÷ 100) - 1
= 1.425 - 1
= 0.425
= 42.5%
Answer:
Ted's net cash flow is zero. Therefore, he might want to work on managing his income to get a positive net cash flow. There is no indication that Ted is putting any money in savings.
Hope it helps!
Answer:
<u>The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962</u>
Explanation:
Wall-to-Wall Records
Cost Retail
Beginning Inventory $ 48,000 $ 70,000
Purchases $ 210,000 $ 390,000
Cost of Goods Available for Sale $ 258,000 $ 460,000
Cost to Retail Ratio
= $ 258,000 ÷ $ 460,000
= 0.5609 = 56.09%
Cost Retail
Cost of Goods Available for Sale $ 258,000 $ 460,000
− Sales $ 280,000
Ending Inventory $ 180,000
× Cost to Retail Ratio 0.5609
<u>Ending Inventory $ 100,962 </u>
