PLEASE HELP ASAP::::

For which market structure do economists have the least precise model of price determination?

sasho [114]

The market structure for which economists have the least precise model of price determination is oligopoly.

Oligopoly is a market structure in which a small number of firms has the large majority of market share.

4 0

3 years ago

If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the hi

Hoochie [10]

Answer:

Budget Line rotates inwards (leftwards/ downwards) on that axis, optimal quantity demanded at that higher price .

Explanation:

Budget line represents product combinations that a consumer can afford , using all income with given prices & income.

If price of a product increases, the consumer can consume lesser amount of the product due to higher prices . So, the budget line rotates inwards (leftwards / downwards) on the corresponding x / y axis denoting that good.

So, inwards rotation of the budget line on the corresponding axis representing the price risen good - leads to reduction in the quantity of the good whose price has risen.

7 0

3 years ago

Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of u

dezoksy [38]

Answer:

$ 317,000

Explanation:

Octuber Production: 200,000

Variable Overhead: $ 0.80 per unit

Fixed Overhead: $ 157,000

Factory Overhead Budget for October:

Octuber Production x Variable Overhead = 200,000 x 0.80 = 160,000

Variable Overhead: $ 160,000

+

Fixed Overhead: $ 157,000

Total Overhead: $ 317,000 ( $ 160,000 + $ 157,000 )

4 0

3 years ago

It is important to find a hotel that has a five star rating to base the training off of. what aspect of service quality would th

kramer

The aspect of service quality would be the objective measure of goodness.

<h3>What is service?</h3>

In contrast to products, which we can physically touch or handle, services are the non-physical, intangible components of our economy.
The majority of the economies of the wealthy countries are based on services like banking, education, healthcare, and transportation.
They also represent the bulk of the economies of the developing countries.
There is no transfer of ownership when a business offers a service and the client pays for it. We are unable to ship or store a service.
They are only present as long as the customer is consuming them and the provider is supplying them.

For instance, getting a haircut is a service that cannot be stored or transported.

Know more about service with the help of the given link:

brainly.com/question/12505990

#SPJ4

8 0

2 years ago

Carla Vista Company purchased equipment that cost $3980000 on January 1, 2020. The entire cost was recorded as an expense. The e

ICE Princess25 [194]

Answer:

$1,800,402

Explanation:

Cost = $3,980,000

Lifespan = 9 yrs

Residual Value = $122,000

Depreciation per year = (Cost - Residual Value)/life

Depreciation per year = (3,980,000 - 122,000)/9

Depreciation per year = 3,858,000 / 9

Depreciation per year = $428,667

So, Tax saved = 40% of $428,667 = $171,467

Depreciation per year not considered = 3 yrs * $428,667 = (+)$1,286,001

Tax saved due to Depreciation = 3 yrs * $171,467 = (+)$514,401

So, retained earnings was understated by $1,286,001 + $514,401 = $1,800,402

3 0

3 years ago