Answer:
There will zero economic profits in the long run.
Explanation:
Monopolistic competition is a market structure where there is a large number of firms producing differentiated products. There is very low or no restriction on the entry and exit of firms in the market.
The market for plumbing services in a city is a monopolistic competition. An increase in the market demand will cause the price to increase. This will cause an increase in the profits of the existing firms.
In the long run, new firms will enter the market, increasing the market supply. This will cause the price level to decrease till all the firms are having zero economic profits.
<span>Boolean is the answer. Every decision
you make in a computer program involves evaluating one or more Boolean expression.
The code behind a computer program is basically composed with a lot of Boolean expressions.
This is entirely important because computers work in binary </span><span>and Boolean logic </span>fits
nicely with the binary numbering system, in which each bit has a value of
either 1 or 0.
Answer:1) Economy
2)The writing should be arranged on three subhead,prewriting,main writing and conclusion.
3) 15minutes
Explanation:in the first scenario, involves an intern,the cost to the customer,of the repair was not stated ,so the economy aspect wasn't addressed in the letter.
2) Business letters should follow a pattern,why,how and when.why tells the recipient the purpose if the letter while the How depicts how the writer intends to gather his thoughts on how to go about the writing.thus depend on the audience and the when is about when the to send the mail,it must be timely and must meet the requirements of the business.
3)The pre writing will take 15 minutes that is a quarter of an hour to put his thoughts together in writing.the pre writing is when the main ideas are pen down ,it is when the bulk of the work is done.every other aspect will depend on this stage
Answer:
r - 2%
Explanation:
Nominal Interest rate = real interest rate plus expected inflation rate
that is,
Nominal Interest rate = real interest rate + expected inflation rate
let the real interest rate be r
since inflation is reduced, expected inflation rate is in the negative that is - 2%
therefore,
Nominal Interest rate = r + (- 2%)
= r - 2%
