In monopolistic competition, what effect do price variations generally have on the market as a whole?
It's no effect.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
Gross profit = Sales - Cost of goods sold
= (440 x 90 + 220 x 80 + 264 x 50) - (440 x 56.7 + 220 x 50.4 + 264 x 31.5)
= (39,600 + 17,600 + 13,200) - (24,948 + 11,088 + 8,316)
= 70,400 - 44,352
= $26,048
Ending inventory schedule attached in the excel archive
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
- An increase in the family's car payment means the family will be unable to afford a vacation.
- A newer model offers better protection and functions but is more expensive than an older model.
Explanation:
A trade off is synonymous to opportunity cost. It occurs when one forgoes a best alternative when they chose another. In this case, if this family chooses to buy a new car, you answer the question by looking at the next best thing they are giving up. That could be a vacation; they may not afford it since they would spend the money to buy the car. Additionally, a new car has new parts and is safer than an old car but it costs more; that's also a trade-off.
Answer:
The correct answer is letter "D": positive supply.
Explanation:
A supply shock occurs when an unexpected event changes the supply of a good or service which changes the price of that product. When the supply shock is positive, the supply increases and the price decreases. If the supply is negative, the supply decreases and the prices increase.
Thus, <em>if the costs of health insurance decrease, expecting an increase in the supply in health insurance, the supply shock will be considered positive.</em>
Answer:
I think answer is price fixing
