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77julia77 [94]
3 years ago
9

Use the graph for a competitive market ti answer the question below

Business
1 answer:
Svetlanka [38]3 years ago
3 0

Answer:

$3.25

Explanation:

The new price for cigarettes will be the intersection point between the demand curves and the new supply curve.

Assuming S1 is the old supply curve without taxes and the new supply curve is S2 with taxes. The new price is the intersection of S2 and the demand curve, which is at $3.25.

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Traditional monetarists advocate for a rule for ___________, while market monetarists argue that monetary policy should focus on
Vlad [161]

Full sentence is:

Traditional monetarists advocate for a rule for money supply growth, while market monetarists argue that monetary policy should focus on a nominal GDP target .

Explanation:

Monetarism is based on the idea that an increase in the money supply, that is, the total cash and checks circulating in the economy, will increase production in the short term and inflation in the long term.

Monetarism states that while the monetary authorities (central bank or others) have control of the nominal offer, people base their decisions on the amount of real money they wish to obtain / maintain.

5 0
4 years ago
Consider the Hotelling model of the competition between two firms discussed in class. Select ALL that apply.
rewona [7]

Answer: The corrects answers are: "a. If both firms are localized in position 1/2 (i.e., center of the line), neither firm has incentives to deviate and move to a different position.", "c. If Firm localize at the same point along the line, they will each sell to 50% of the consumers." and "d. If Firm 1 is located at position 1/2 (i.e., center of the line) and firm 2 is located somewhere else, then both firms have incentives to deviate and change their position along the line.".

Explanation: According to the Hotelling model of the competition between two firms:

a. If both firms are localized in position 1/2 (i.e., center of the line), neither firm has incentives to deviate and move to a different position. - If this were the case, it would be indifferent for customers to go to either.

c. If Firm localize at the same point along the line, they will each sell to 50% of the consumers. - This happens because each consumer will go to the nearest one.

d. If Firm 1 is located at position 1/2 (i.e., center of the line) and firm 2 is located somewhere else, then both firms have incentives to deviate and change their position along the line. - This happens because the strategy chosen is not suitable for either company.

7 0
3 years ago
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams
Setler79 [48]

Answer:

Direct material quantity variance= $15,351 unfavorable

Explanation:

Giving the following information:

Standard quantity per unit of output 4.6 grams

Standard price $ 15.05 per gram

Actual materials used in production 2,400 grams

Actual output 300 units

To calculate the material quantity variance we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (4.6*300 - 2,400)*15.05

Direct material quantity variance= (1,380 - 2,400)*15.05= $15,351 unfavorable

6 0
3 years ago
What is the most important reason for doing vehicle inspection
AURORKA [14]
So you know if the vehicle is drivable or not and also so you know what you are getting into when you inspect the car or truck

5 0
4 years ago
Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated
bonufazy [111]

Answer:

The correct answer is false.

Explanation:

This statement is false because all funds acquired through earnings have an intrinsic cost that must be determined at the time of withholding them, which must be taken into account during the sale process of any title that is part of the estate. business.

5 0
3 years ago
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