What are two ways the government can stimulate growth in a declining economy?

A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable inp

statuscvo [17]

A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable input increases, the firm’s average total cost and marginal cost curves will shift upward.

Option C

<u>Explanation: </u>

Monopolistic competition is a sort of incomplete competition that requires multiple companies to sell a product which is distinct and thus not ideal alternatives.

Monopoly competition is a framework of the market that integrates monopoly aspects and market competition. A dynamic monopoly market basically has freedom of entering and exiting, but businesses can distinguish between their goods.

We get an inelastic curve of demand and therefore can set the prices. Nevertheless, because the right to participate would allow supernormal incentives to more businesses to gain market share, which will result in regular long-term profits .

8 0

3 years ago

Suppose the elasticity of demand for your parking lot spaces, which are located in a downtown business district, is –1.8, and th

Ipatiy [6.2K]

Answer:

Elastic

DECREASED

Explanation:

The price elasticity is elastic. Demand is price elastic if the absolute value of coefficient of elasticity is greater than 1.

When demand is elastic, it means that quantity demanded is sensitive to changes in price. A small change in price would lead to a greater change in quantity demanded.

Because the parking lot has been operating below its full capacity and marginal cost is zero, the optimal strategy is to reduce price so that quantity demanded would increase.

I hope my answer helps you

4 0

3 years ago

Based on the definition of “deferred exchange strategies” the people most likely to be involved in this strategy would be a

lorasvet [3.4K]

It includes Family members. Deferred exchange strategies Exchanges between people over the life course. characterized advantage An annuity design in which the advantage level depends on years of administration and earlier income; a predefined sum that is ensured when a specialist achieves a given age.

4 0

3 years ago

Identify three types of customers that a business serves.

12345 [234]

<h2>Answer One<u>:</u></h2>

1. Cheap customers

The first one is the cheap customers. These type of customers buy based on price. They compare products and buy the lowest price. These are the type of people who continuously look for coupons and discounts.

2. Educated customers

These customers buy based on value. These people are educated about the things they buy. They research the topic and read reviews about the product. They are willing to spend a significant amount of money, but they need time before buying. They want to know if they really need this product or service.

3. Driven customers

These people buy based on emotions. “It needs to feel right” that’s what they think of when purchasing. For these type of customers, money is not an issue. These are the type of people who want to work with the best, buy the best, and be the best.

<h2><u>Answer Two:</u></h2>

1. Your Current Customers

These are the most important because they’ve already made a commitment to you. They’re less likely to leave your organisation if they receive great customer service and, in reality, it costs less to keep them happy than it does to solicit new business.

2. Brand New Customers

These are the people who are currently purchasing products and services from your competitors. What can you do to show them that your products and services are of a higher quality and would benefit them more than the products they’re currently purchasing?

3. Lost Customers

Lost customers left your organisation for a reason, but you may be able to win them back. You should, of course, consider this on a case by case basis. You obviously don’t want to try to regain a customer who had a terrible payment history. You should, however, try to regain customers who left because of price, because they thought you didn’t have what they needed, or who may suddenly find the service at the new organisation isn’t as great as they thought it would be.

<h2><u>Final Notes:</u></h2>

Make sure your team members understand the three types of customers and how important each is to the growth and success of your organisation. Focus on these three main types of customer and you’re bound to see significant growth in your work group.

6 0

2 years ago

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account

vichka [17]

Answer:

Services revenue 44,000 debit

Income Summary 44,000 credit

--to close revenues accounts--

Income Summary 33,100 debit

Depreciation expense—Equipment 3,000 credit

Salaries expense 22,000 credit

Insurance expense 2,500 credit

Rent expense 3,400 credit

Supplies expense 2,200 credit

--to close expenses account--

Income Summary 7,000 debit

A. Cruz, Withdrawals 7,000 credit

--to close withdrawals account--

Income summary 3,900 debit

A. Cruz, Capital Account 3,900 credit

--to close Income Summary against Cruz, capital account--

Cash 19,000

Supplies 13,000

Prepaid insurance 3,000

Equipment 24,000

Accumulated depreciation—Equipment 7,500

A. Cruz, Capital 51,500

Totals 59,000 59,000

Explanation:

To close the accounting period we will use income summary to write off expenses, revenues and withdrawals account. Then, the balance of this account will be transfer into Cruz Capital Account

income summary balance: 44,000 -33,100 - 7,000 = 44,000 - 40,100 = 3,900

Then we post the trial balance considering assets has debit balance while liabilities and equity credit.

We check if everything is okay and it does. Debit = Credit

7 0

3 years ago