Answer:
attract other firms to enter the industry, causing the existing firms' profits to shrink.
Explanation:
Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.
Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.
Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.
When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost (MR = MC) . This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).
Hence, assuming that in a monopolistically competitive industry, firms are earning economic profit. This situation will attract other firms to enter the industry, causing the existing firms' profits to shrink.
In this scenario, the managers have <span>an <u>A-TYPE CONFLICT</u>. This is a type of disagreement or conflict that focuses on personal or individual issues that are not totally related to the business at hand.
Often, this type of arguments may ruin how the company ethically performs. People who have personal issues against colleagues or co-workers are what drives some people to leave the company or choose to become inefficient at work. </span>
report the other answers it’s a virus
Answer:
Please check the images attached below
Explanation:
Salaries Payable = (Salariesexpense - Socialsecurity taxes - Medicaretaxes - Incometaxes - MedicalcareInsurance Education - Union dues)
=$28,000−$1,736−$406−$3,800−$678−$190
=$28,000−$6,810
=$21,190
Hence, the salaries payable are $21,190.
Compute the social security taxes using the equation as shown below:
\begin{array}{c}\\{\rm{Social security taxes}} = {\rm{FICA tax rate}} \times {\rm{Salaries expense}}\\\\ = 6.2\% \times \$ 28,000\\\\ = \$ 1,736\\\end{array}
Socialsecuritytaxes=FICAtaxrate×Salariesexpense
=6.2%×$28,000
=$1,736
Hence, social security taxes are $1,736.
Compute the Medicare taxes using the equation as shown below:
Medicaretaxes=Medicaretaxrate×Salariesexpense
=1.45%×$28,000
=$406
Hence, Medicare taxes are $406.
Answer: c. earns a higher return than the rate paid on debt.
Explanation:
If the debt that the company incurs leads to the company making more money than they are paying as interest for the debt, then more money will be available as net income which would increase the Return on Equity.
ROE is calculated by dividing the Net Income by Shareholder equity. Interest is an expense. If this expense is lower then the increase in net income as a result of the debt then it follows that net income would increase and so would ROE.
