True/false/explain – if all production processes were subject to constant returns to scales for all output levels, monopolistic competition would not lead to the problem of “excess capacity”.
true/false/explain – monopolistic competition is characterized by free entry and exit so in the long run, there is no deadweight loss associated with this market structure.
Answers: 1
Business, 22.06.2019 07:10
Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.
Answers: 1
Business, 22.06.2019 10:30
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
True/false/explain – if all production processes were subject to constant returns to scales for all...
English, 09.12.2020 17:20
Computers and Technology, 09.12.2020 17:20
Social Studies, 09.12.2020 17:20
Medicine, 09.12.2020 17:20
Biology, 09.12.2020 17:20
Mathematics, 09.12.2020 17:20
Mathematics, 09.12.2020 17:20
Mathematics, 09.12.2020 17:20
Mathematics, 09.12.2020 17:20
Mathematics, 09.12.2020 17:20
Mathematics, 09.12.2020 17:20