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3 years ago

Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?

Business

1 answer:

bixtya [17]3 years ago

4 0

Answer:

B) If the firm does not exit the industry in the long run its demand curve will shift to the left.

Explanation:

This is because the statement "If the firm does not exit the industry in the long run its demand curve will shift to the left, " simply means that if the monopolistic competitive firm stays in a particular industry for long, the firm will experience a situation in which less of the good or service is demanded at every price.

However, this cannot be true because a monopolistic competitive firm produces unique products that tend to have its specific customers. These customers, in the long run, will demand more goods and services of the firms which will be affected positively by a lot of reasons including prices of related goods, increase in salary, better economy at large, etc.

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3 years ago

If the observation were real, would it provide evidence for or against the idea that the universe is expanding?

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2 years ago

Units Produced 20,000

Alexeev081 [22]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Units Produced 20,000

Units Sold 17,000

Unit Sales Price $ 240

Full Manufacturing Cost Per Unit $97

<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>

Income statement:

Sales= (17,000*240)= 4,080,000

Cost of goods sold= (17,000*97)= (1,649,000)

Gross profit= 2,431,000

Variable Selling Expenses= (71,000)

Fixed General and Administrative Costs= (88,000)

Net operating income= 2,272,000

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4 years ago

On July 31 of the current year, Dome Co. issued $1,000,000 of 10%, 15-year bonds at par and used a portion of the proceeds to c

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3 years ago

Some experts recommend devoting about ________ of the total writing time to the third phase of the writing process.

klemol [59]

Answer:

50%

Explanation:

There are 3 stages of writing namely; pre writing, composing, post writing. 50% of the total writing time is recommended by experts to be devoted to the post writing phase to ensure that the writing is error free and well revised. This allows for a interesting read of the final product. This third phase mainly involves revising/editing and proofreading.

Cheers.

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3 years ago