Answer:
decline in production differentiation and ,less competition
Explanation:
One would expect a gradual decline in product differentiation. This is because the few firms left in operation do not have to seek innovative ideas to capture the market, since they are few and the chances that a new rival will emerge are minute owing to the legal barrier. There is the development of an oligopolistic competition on product quality since the number of producers left is low and there Is the barrier of new entrants, both of which are key characteristics of an oligopolistic competition.
Answer:
prospect theory is the correct answer.
Explanation:
- Prospect theory is the psychological theory explained by Daniel Kahneman and Amos Tversky in the year 1979.
- Prospect theory is also termed as loss aversion theory.
- Prospect theory explains how somebody makes a decision and choose among the several options in the risk situation.
- Prospect theory is used to explain different perspectives of political and economic decision making such as in international connections.
Answer:
$45,650
Explanation:
a) Calculations of Retained Earnings:
Beginning balance = $44,300
Net Income = 7,300
less Dividends -5,950
Ending balance = $45,650
b) A statement of changes in Retained Earnings is always prepared to include the net income available for distribution to stockholders and exclude the distributions already made to stockholders in the form of dividends before arriving at the ending balance of Retained Earnings. This later figure is reported in the Balance Sheet. This process is also part of the closing entries of temporary accounts to permanent accounts at the end of an accounting period.
Answer:
The correct answer is letter "A": True.
Explanation:
Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.
Answer:
(D). Average product must be rising.
Explanation:
Average product is gotten by dividing the total product of a firm, by the labor quantity (such as the number of workers). This gives the average product per worker.
Marginal product shows the change in total productivity caused by an additional unit of labor (such as a newly hired worker).
If the extra productivity brought about by an additional worker (marginal product) is higher than the average productivity per worker in a firm (the average product), then this marginal productivity, when added to the total, will raise the average productivity of the firm.
This explains why "average product must be rising as long as marginal product is greater than it."
Similarly, once marginal productivity drops below average productivity, then average product starts to decline.
