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Scrat [10]
3 years ago
8

g When a monopolistically competitive industry is in long-run equilibrium: Multiple Choice price equals marginal cost. firms ear

n zero economic profits. firms earn economic profits. price equals minimum average total cost.
Business
1 answer:
kozerog [31]3 years ago
8 0

Answer:

price equals minimum average total cost

Explanation:

As we know that in the short run, the firms earns the economic profit but in the long run  when a new firm is entered into the indusry and there is a market share so the demand of the market is to be shared by each firm due to which the demand would be less

So this represents that price is equivalent to the average total cost

Hence, the last option is correct

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Druganaut company buys a $21,000 van on credit. the transaction will affect the
Debora [2.8K]

Balance sheet.

The balance sheet shows assets, liabilities, and stockholder's equity. Buying the van on credit would be a liability.

5 0
3 years ago
When customers join the Daily Needs Reward Zone, they receive one point on every purchase they make at Daily Needs stores and Da
Tanya [424]

Answer: A customer loyalty program

Explanation:  

  A customer loyalty program is one of the type of marketing based program that is specifically designed to strengthen the relations between the organization and the consumers.

The main purpose of a loyalty program is that it helps in encourage and also motivating the various types of consumers for using the products and the services which is specifically related to the given program.  

According to the given question, a customer loyalty program is best illustrating the given situation and the Daily needs reward zone is basically using this type of program.

Therefore, Customer loyalty program is the correct answer.

5 0
3 years ago
A budget represents the plans that a company has in place to achieve its goals.
goldfiish [28.3K]
I believe the answer is A. True
5 0
3 years ago
Read 2 more answers
A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:
ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0
3 years ago
For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):
Kruka [31]

Question:

For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):

A. increase in potential output

B. recessionary output gap

C. decrease in potential output

D.  expansionary output gap

Answer:

The correct answer is B

Explanation:

A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.

PAE = C + Ip + G + NX

where

PAE  = Planned Aggregate Expenditure

C = consumption

Ip = Investment Spending

G = Government Spending

NX =  Net Export

If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.

Cheers!

6 0
4 years ago
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