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kirza4 [7]
2 years ago
12

A public relations specialist earns $41,500 salary each year. He/she wants to spend no more than three times his/her salary on a

house. What is the maximum price of a home that he/she can afford
Business
1 answer:
Pepsi [2]2 years ago
5 0

Answer:

Maximum price= $124,500

Explanation:

Giving the following information:

Annual salary= $41,500

He/she wants to spend no more than three times his/her salary on a house.

<u>To calculate the maximum price that he/she is willing to pay, we need to use the following formula:</u>

Maximum price= 41,500*3

Maximum price= $124,500

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The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive fi
Georgia [21]

Monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

<h3>What is a monopoly?</h3>
  • A monopoly occurs when there is a single seller in the market.
  • The monopoly case is considered the polar opposite of perfect competition in conventional economic theory.
  • The demand curve facing the monopolist is, by definition, the industry demand curve, which is downward sloping.
<h3>What is oligopoly?</h3>
  • Oligopolistic markets are characterized by a small number of suppliers.
  • They can be found in all nations and in a wide range of industries.
  • Some oligopoly markets are very competitive, whereas others are substantially less so, or appear to be.

Monopolistically competitive enterprises, unlike monopolies and oligopolies, cannot influence market prices only through their size.

Therefore, monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

Know more about monopoly here:

brainly.com/question/13113415

#SPJ4

Correct question:

The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive firms.

(A) cannot influence the market price by virtue of their size alone.

(B) are price takers.

(C) do not have a price as a decision variable.

(D) benefit from barriers to entry.

7 0
1 year ago
you own 100 shares in each of three companies, each company pays a dividend. gillete pays 1.15 per share in dividends, general e
Elena-2011 [213]

Answer:

$278

Explanation:

100 * 1.15 = $115

100 * .79 = $79

100 * .84 = $84

$278

Hope this helps

3 0
3 years ago
Checking for quality and paying creditors would fall within which two functional​ areas?
horsena [70]
Checking for quality fall within MANUFACTURING AND PRODUCTION AREA while paying creditor fall within FINANCE AND ACCOUNTING AREA.
There are many functional areas in business, each functional area is responsible for performing specific functions.
3 0
3 years ago
Which of the following statements is correct? ACars typically lose the most value in the first year after purchase. BHouses will
VashaNatasha [74]

I believe the answer is: A. Cars typically lose the most value in the first year after purchase

As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.

7 0
3 years ago
Read 2 more answers
While at the first meeting of a new networking group, the leader announces that everyone will be asked to stand and make a few r
Leya [2.2K]

Answer:

I will tell him

chin up

head high

pretend you are speakers to your friends

and ,you will do great

Explanation:

because if he thinks or imagine he is speaking to his friends he will do just fine

6 0
2 years ago
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