What written document gives public notice that a mortgaged property may soon have a judgment issued against it

A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because

irinina [24]

Answer:

c. faces a downward-sloping demand curve for its product

Explanation:

Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.

Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.

7 0

3 years ago

In the short-run an increase in the costs of production makes a. output rise and prices fall. b. output and prices fall. c. outp

gtnhenbr [62]

Answer:

C) Output fall and prices rise

Explanation:

In an aggregate supply, aggregate demand model, price level is the Y axis, and output is the X axis. Supply is positively related with price: the higher the price, the more firms produce.

However, to produce someting, firms need to employ the factors of production: land, labor and capital. The wages firms pay to workers, and the rent firms pay for land and capital are the production costs. If these costs rise, then, the products will become more expensive.

This increase in price will be met with lower demand; less customers will be willing to purchase the product, and therefore, the firms will start producing less until reaching a new equilibrium.

7 0

2 years ago

The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profit

Karo-lina-s [1.5K]

Answer:

should increase its output

6 0

2 years ago

Wheres the best place for chicken tendies?

marysya [2.9K]

Give me, give me, chicken tendiesBe they crispy, or from Wendy's

3 0

3 years ago

Suppose that you are in charge of an insurance company. Two kinds of people want insurance, healthy people who probably will not

mote1985 [20]

The equilibrium premium, which balances the premiums charged to healthy and unhealthy people, charged for insurance under this scenario is e. You charge $3,000 and everyone buys insurance.

$3,000 will be affordable to both the healthy and the unhealthy. This amount of premium will enable both classes to buy insurance.

It will not benefit the company to charge:

$2,000 and enable everyone to buy insurance
$3,000 and enable only unhealthy people to get insurance
$1,000 so that only the healthy people to buy insurance
$1,000 because only healthy people buy insurance.

Thus, the insurance premium charged should be Option E.

Learn more: brainly.com/question/9696972

4 0

2 years ago