If you make only the minimum payment on your credit card by the due date

Don kosec, vp of business services for time warner cable in northeast ohio says that their goal is to increase their sales in th

Alex

e. of course it is a good goal; it meets all of the criteria discussed

This goal meets all the criteria for a SMART goal.

5 0

3 years ago

Both perfectly competitive and monopolistically competitive firms charge a price equal to marginal cost.

natita [175]

Both perfectly competitive and monopolistically competitive firms charge a price equal to marginal cost True

What is a perfect competitive firm?

A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.

What is the advantage of perfect competition?

Markets experiencing perfect competition have very low barriers to entry. The advantage is for both customers and the total industry. There will be new entrants in the market which brings healthy competition to the industry. Also, consumers will not be a risk when a few companies get together and increase their prices.

What is monopolistic competition:

Monopolistic competition exists when many companies offer competing products or services that are similar, but not perfect, substitutes. The barriers to entry in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect its competitors.

What is monopolistic competition characteristics?

Monopolistically competitive markets have the following characteristics: There are many producers and many consumers in the market, and no business has total control over the market price. Consumers perceive that there are non-price differences among the competitors' products.

Learn more perfectly competition and monopolistic competetion:

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6 0

2 years ago

Assume an indifference map with other goods on the vertical axis and health on the horizontal axis. The government provides fami

Savatey [412]

Answer:

C. have a zero slope up to $400 and then have a negative slope.

Explanation:

Here in the attached diagram

H denotes the individual income

H = Services of the healthcare

G = Other goods

As it can be seen that the ABC is the budget line and the budget line is horizontal till $400 i.e. zero slope and afterwards it would be downward sloping i.e. negative slope

In the case when the income is fully spend on the other goods so an individual after that can consume $400 due to which the budget line could be horizontal and become parallel to the axis

Therefore the correct option is C.