2484
(2300)
---------
184
184 / 8 = 23
23 / 2300 = .01 -->1%
Answer:
1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True
2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True
3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False
4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False
5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True
6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True
7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True
Explanation:
I would go with B
They most certainly have not eliminated hunger and does not have an international armed force.
Answer:
ending finished inventory= 46,500
Explanation:
Giving the following information:
Beginning Finished Goods Inventory= $22,500
Cost of Goods Sold= $35,000
Cost of Goods Manufactured= $59,000
To calculate the finished goods inventory, we need to isolate it form the cost of goods formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
ending finished inventory= beginning finished inventory + cost of goods manufactured - COGS
ending finished inventory= 22,500 + 59,000 - 35,000
ending finished inventory= 46,500
