Answer:
There will zero economic profits in the long run.
Explanation:
Monopolistic competition is a market structure where there is a large number of firms producing differentiated products. There is very low or no restriction on the entry and exit of firms in the market.
The market for plumbing services in a city is a monopolistic competition. An increase in the market demand will cause the price to increase. This will cause an increase in the profits of the existing firms.
In the long run, new firms will enter the market, increasing the market supply. This will cause the price level to decrease till all the firms are having zero economic profits.
Answer:
The amounts of pretax and after-tax income can the company expect to earn from these predicted changes are $1,795,000 and $1,436,000 respectively.
Explanation:
The sales less the variable cost gives the contribution margin.
The contribution margin less the fixed cost gives the net operating income. Furthermore, net income is the difference between the total sales and the total costs (fixed and variable).
Both sales and variable cost are dependent on the number of units sold.
with these expected changes,
Pretax Income
= 40,500($205 - $145) - $635,000
= $1,795,000
After tax income
= 80% * $1,795,000
= $1,436,000
The total amount of money a firm receives by selling goods or services is called total revenue. Total revenue is defined as the total receipts of sales from any good or service provided. You can find the total revenue of a business by multiplying the price of the good/service by the quantity of goods sold.
It was <span>particularly important to Latino activists to gain political rights </span>because they wanted to participate in democracy so that they could have a voice in making decisions that affected them.
Hope that helps. -UF aka Nadia
fixed-ratio, the discount is fixed ( a free coffee) and the number of cofees is fixed 10
