Answer:
1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True
2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True
3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False
4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False
5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True
6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True
7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True
Explanation:
It would actually be an increased production by the business.
Haha, I had to think for a tiny bit and re-check my answer to make sure it was right before giving it. Would hate to see you get it wrong.
Answer
Retained earnings at the beginning of Year 2 was: $1,450
Explanation
Revenue = $2,100
Retained Earnings Closing Balance = $1,850
Expenses = $1,150
Dividends = $550
Retained Earnings Closing Balance = Revenue - Expenses - Dividends + Retained Earning Beginning Balance
$1,850 = $2,100 - $1,150 - $550 + Retained Earning Beginning Balance
Retained Earning Beginning Balance = $1,450
Answer:
Option C (Drop-shippers) is the correct choice.
Explanation:
- Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly.
- The products are owned by Drop shippers but they have never handled or executed them.
Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.
Answer:
D. Qualified for the Position
Explanation:
Prima Facie Evidence
Prima Facie evidence is evidence that is sufficient to establish a fact or prove a proposition unless otherwise refutted.
Age Discriminationi in Employment Act
The age discrimination in Employment Act in the US was established as a labour law in 1967 and it was established to ensure that anyone who is at least 40 years of age does not suffer from employment discrimination.
The fact that Sharon is a forty-five year-old employee means she is qualified to file a suit against her employers under the Act. However, as previously stated before it can be established whether she deserves a higher pay or more dependable than her replacement or was discriminated against because of age, Sharon will need to establish the fact that she's qualified for the position taken away from her.
If she cannot prove that proposition or it ends up being refutted by the organisation, then the Age Discrimination in Employment Act cannot be invoked.
