subject
Business, 27.08.2020 20:01 genyjoannerubiera

The price at which a monopolistically competitive firm sells its product:a. exceeds the marginal cost of production. b. produces economic profits in both the long run and the short run. c. equals the marginal cost of production. d. is less than the marginal cost of production.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 22:50
Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?
Answers: 1
question
Business, 23.06.2019 02:20
Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6
Answers: 1
question
Business, 23.06.2019 03:20
You have just made your first $5,500 contribution to your retirement account. assume you earn a return of 10 percent per year and make no additional contributions. a. what will your account be worth when you retire in 45 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what if you wait 10 years before contributing?
Answers: 1
question
Business, 23.06.2019 22:10
According to the government accountability office, fraud and abuse account for nearly percent of all dollars spent on health care.
Answers: 1
You know the right answer?
The price at which a monopolistically competitive firm sells its product:a. exceeds the marginal cos...
Questions
question
French, 14.12.2021 05:50
question
SAT, 14.12.2021 05:50
question
Biology, 14.12.2021 06:00
question
Geography, 14.12.2021 06:00
Questions on the website: 13722362