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Levart [38]
3 years ago
12

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of

a monopoly.
Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.
Attributes Competitive Market Monopolistically Competitive Market
Few sellers
Free entry
Price is equal to marginal cost
Price equals average total cost in the long run
Business
1 answer:
Vera_Pavlovna [14]3 years ago
8 0

Answer:

The answer is below

Explanation:

Considering the available options, here are the attributes that characterize a competitive market, and a monopolistically competitive market.

A competitive market is characterized by Identical products and Price = MR, while Monopolistic competition is characterized by product differentiation and few sellers.

Hence, it can be written as:

Competitive markets

Product differentiation. No

Identical products Yes

Price=MR Yes

Few sellers No

Monopolistic competition

Product differentiation. Yes

Identical products No

Price=MR No

Few sellers Yes

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Complete Question:

Yasmin Company expects to sell 1,900 units of finished product in January and 2,250 units in February. The company has 270 units on hand on 1st January and desires to have an ending inventory equal to 20% of the next​ month's sales. March sales are expected to be 2,350 units. Prepare Yasmin's production budget for January and February.

Answer:

680 Units for January and 250 units for February.

Explanation:

Production Budget can be calculated using the following formula:

<u>Production Budget   =     Expected Sales + Desired Ending Inventory Units - Opening Inventory</u>

The formula is reflected in a tabular form below:

<u>Production Budget For Yasmin Incorporation</u>

                                                                January          February

Expected Future Sales (Unit)                     900                 250

<u>Add:</u> Desired Ending Inventory Units         50                   70  

<u>Less:</u> Openning Inventory Units            <u>    270     </u>        <u>     70      </u>

Production Units                                         680                 250

3 0
3 years ago
I don’t know anything ;-;
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Answer:

The answer is C - bachelor's degree in risk management.

Explanation:

Education that Nathan might have to had to be on her position now is bachelor's degree in risk management. As indicated at the first sentence, Nathan's position now is "risk manager". In addition, the passage also demonstrates her duty at work, including collecting data on accidents and losses - which are business's risks. Furthermore, as she has to cope with these risk, so that knowledge in managing risk (evaluating and solving problems) is essential for Nathan. So that the answer is C.

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Explanation:

Giving the following information:

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Total contribution margin= 4,100*(27 - 14.04)

Total contribution margin= $53,136

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