In monopolistic competition, a firm introduces a new and differentiated product and will temporarily have a <u>less elastic</u> demand for its product and is able to charge a <u>higher price than before</u>.
Monopolistic competition exists while many agencies offer competing products or services which are similar, but no longer perfect, substitutes. The limitations to entry in a monopolistic aggressive industry are low, and the choices of any individual company no longer directly have an effect on its competition.
The demand curve as confronted with the aid of a monopolistic competitor isn't always flat, but as a substitute downward-sloping, which means that the monopolistic competitor, just like the monopoly, can increase its price without dropping all of its customers or lower its price and advantage greater customers.
A monopolistic market is a market structure with the characteristics of a natural monopoly. A monopoly exists when one provider gives a particularly suitable provider to many purchasers. In a monopolistic marketplace, the monopoly (or dominant employer) exerts manipulation over the market, enabling it to set the charge and supply.
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Answer:
$318,400
Explanation:
Cost of Goods Sold $325,000
Less: Inventory Opening January 1 ( $ 31,800)
Add;Closing Inventory $25,200
Cost of Goods Manufactured $318,400
The cost of goods sold are found out by adding opening stock and deducting closing stock from cost of goods manufactured.
In the given scenario we had to follow reverse order to reach out at amount of cost of goods manufactured.
<u>Answer:</u>
Variable expenses are generally the principal costs that individuals attempt to slice when they have to begin setting aside cash. Sadly, factor expenses are additionally the absolute hardest costs to reduce, because it requires an everyday pledge to cheap essential leadership.
It is important to start reducing costs, take a consideration at both your variable fixed costs. Dedicating a Saturday evening to looking into the majority of your memberships, protection designs, and repeating month to month bills may assist you with cutting the expenses .
Answer: DevOps (Development and the operations)
Explanation:
The DevOps is one of the type of application which basically refers to the development and the operation for improving the communication and also collaborate the two business units for producing the software services.
The DevOps is one of the type of software technology that helps in providing the continuous services in the development life cycle by using various types of information technology.
According to the given question, the DevOps is one of the type of methodology that helps in improve the functional and also the security system of various types of application.
Therefore, DevOps is the correct answer.
Answer:
8 years
Explanation:
Given: Cost of new machine= $500000.
Annual cash inflow= $100000.
Annual cash outflow= $37500.
First, we will calculate annual payback or cash inflow.
Annual payback= 
∴Annual payback= 
Now computing cash payback period.
Cash payback period= 
Cash payback period= 
∴ Cash payback period is 8 years.
When payback period is short then investment is more attractive.
