Answer:
The correct answer is: high; little.
Explanation:
In monopolistic competition, a firm produces at the level of output where the marginal revenue is equal to marginal cost. The firm is able to maximize its profit at this point.
However, the socially optimal level of output is where the price is equal to marginal cost. This level of output is greater than the profit-maximizing level of output and charges a lower price.
But since the firm is a price maker, it produces at the point where MR equals MC. At this point, the price is higher and the output produced is smaller. This creates a deadweight loss in the market.
Answer:
Break even point
Explanation:
The break even point is the number of units a company must sell such that total revenue equals the total cost. The total cost is usually made of the fixed and variable components.
The number of units required to break even ( that is to make no loss nor gain) is a factor that determines the total sales and the variable cost. It however may not affect the fixed cost.
Answer:
Since all businesses, except sole proprietorships, must obtain a state charter to start operating, the best place to look for is the state's statutes which regulate them.
A state statute is basically a state law that regulates or prohibits certain activities, and it must be passed by state legislatures. State legislatures generally have all their statutes organized and available for the public, e.g. by accessing the state legislature's website you can generally access all the statutes passed by them and search for the ones that apply to S corporations.
Answer:
nothing nothing nothing nothing
Explanation:
nothing
Answer:
0.18
Explanation:
Let P(E) = People who think Economy is a challenge = 0.46
P(W) = People who think finding qualified worker is a challenge = 0.37
P(W and E) = People who think both economy and finding worker is a problem = 0.15
P(E/W) = People who think economy is a problem given that finding worker is a challenge to growth as well = P(W and E)/ P(W) + P(E) = 0.15/0.46+0.37 = 0.18
