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Amanda [17]
2 years ago
13

7. The price of a movie ticket goes from $7.00 to $8.50. What should happen to the demand for these tickets?

Business
1 answer:
lbvjy [14]2 years ago
4 0

Answer: The price increses

Explanation: Goes t0 7.00 to 8.50 increses a 1.50

The demand has went up

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Monopolistic competition resembles pure competition because:
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Answer:

The correct answer is D.

Explanation:

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Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

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firms can freely enter and exits in the long-run;

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3 years ago
On October 1, 2018, Swifty Company places a new asset into service. The cost of the asset is $125000 with an estimated 5-year li
Novosadov [1.4K]

Answer:

The book value of the plant asset on the December 31, 2018 is $75,000.

Explanation:

<u>Determine the depreciable cost,</u>

The depreciable cost = Acquisition cost - Salvage value.

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<u>Find the % rate of depreciation .</u>

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<u>Applying the rate to the carrying value of  the asset to obtain current year's depreciation expense.</u>

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Current year's depreciation expense = 125,000 × 40%.

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