In the short run, if a successful monopolistically competitive firm in the fashion industry has an average total cost curve that lies above the demand curve, then the firm is taking a loss. The correct answer in option D.
In a monopolistically competitive market, firms differentiate their products and have some degree of control over the price they charge. In the short run, the position of the average total cost (ATC) curve relative to the demand curve determines a firm's economic situation. If the ATC curve lies above the demand curve, it means the firm's average total cost per unit is greater than the price they can charge for their product. This leads to a situation where the firm is unable to cover its costs and thus takes a loss.
When a monopolistically competitive firm's average total cost curve is above the demand curve, it indicates that the firm is taking a loss in the short run. This is because the price they can charge for their product is lower than the cost of producing it.
To know more about ATC, visit;
https://brainly.com/question/29509552
#SPJ11
1. How did Globalization challenge the Global North-Southdivide?2. Describe the relationship between Globalization and the riseof transnational crimes and terrorism?Profile of the Regional Econ
1. Globalization has challenged the traditional Global North-South divide in many ways. 2. Globalization has been closely linked to the rise of transnational crimes and terrorism.
The ways in which globalization has affected Global North-South are:
Firstly, it has facilitated the growth of new economic powers such as China and India, which were previously considered part of the Global South. This has disrupted the existing power dynamic and challenged the dominance of traditional Global North countries. Secondly, globalization has facilitated the flow of information and communication, which has enabled greater awareness of global inequalities and injustices. This has led to increased demands for social and economic justice from marginalized communities in the Global South. Lastly, globalization has also led to the spread of Western culture and values, which has challenged the traditional cultural and religious practices of the Global South.2. Globalization has been closely linked to the rise of transnational crimes and terrorism. The increased flow of people, goods, and information across borders has created new opportunities for criminal activities such as drug trafficking, human trafficking, and cybercrime.
Transnational criminal organizations have taken advantage of globalization to establish complex networks that operate across multiple countries and jurisdictions. Similarly, globalization has also enabled the spread of extremist ideologies and facilitated the recruitment of individuals for terrorist organizations.
The globalized nature of these threats has made it difficult for traditional law enforcement and security measures to be effective, highlighting the need for greater international cooperation and collaboration.
Learn more about globalization here: https://brainly.com/question/17863739
#SPJ11
when grand metropolitan, a british company, purchased u.s.-based pillsbury co. in order to expand its product line and the market for its existing consumer products, it was an example of a(n): direct foreign investment limited partnership international corporation international cooperative cooperative cartel
British company Grand Metropolitan was an example of foreign direct investment when it acquired US-based Pillsbury to expand its existing consumer goods product line and market.
It was not a limited liability partnership, an international corporation, an international cooperative, or a cooperative cartel.
When British company Grand Metropolitan acquired US-based Pillsbury to expand its existing consumer goods product line and market, it was an example of one of the following: international group. This is because the British company has expanded its business and product offering through the acquisition of a foreign company, Pillsbury Co., which operates in another country (the United States).
To know more about direct foreign investment. visit:
https://brainly.com/question/27540611
#SPJ11
Practical Question 2 - Accounting for Income Tax - Deferred Tax Worksheet - 6 Marks The statement of financial position of Mackay Ltd as at 30 June 2021 showed the following assets and liabilities. 2021 2020 Assets Cash 8 000 8 500 Inventories 17 000 15 500 Accounts Receivables 50 000 48 000 Allowance for Doubtful Debts (5 500) (4 000) Plant 50 000 50 000 Accumulated Depreciation- Plant (26 000) (21 000) Deferred Tax Asset ?I 4 050 Liabilities Accounts Payable 29 000 26 000 Provision for Long Service Leave 6 000 4 500 Provision for Annual Leave 4 000 3 000 Rent Received in Advance 2 500 2 000 Deferred Tax Liability ? 3 150 Additional information • Accumulated depreciation of plant for tax purposes was $39 000 at 30 June 2021. • The tax rate is 30%. Required: Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts. (6 Marks)
Additional information
Accumulated depreciation of plant for tax purposes was $39 000 at 30 June 2021.
The tax rate is 30%.
Required:
Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts. (6 Marks)
This journal entry will increase the deferred tax liability by $2,400 and increase the deferred tax asset by $4,050. The income tax expense will be increased by $1,650 to account for the change in the deferred tax liability.
To prepare the deferred tax worksheet, we need to identify the temporary differences between the carrying amount and tax base of the assets and liabilities. The difference between the carrying amount and tax base creates either a deferred tax asset or a deferred tax liability, depending on whether the difference is expected to result in future tax benefits or future tax obligations.
Using the information given, we can prepare the following deferred tax worksheet:
Deferred Tax Worksheet
Temporary Difference Deferred Tax Asset (Liability) Tax Rate Deferred Tax Liability (Asset)
Plant Depreciation $5,000 -30% ($1,500)
Provision for Long Service Leave $1,500 -30% ($450)
Provision for Annual Leave $1,000 -30% ($300)
Rent Received in Advance $500 -30% ($150)
Total Deferred Tax Liability $2,400
To adjust the deferred tax accounts, we need to make the following journal entries:
Journal Entries
Deferred Tax Liability $2,400
Deferred Tax Asset - I $4,050
Income Tax Expense $1,650
Learn more about liability here:
https://brainly.com/question/28483469
#SPJ11
on january 1 of 2022, jason and jill marsh acquired a home for $500,000 by paying $400,000 down and borrowing $100,000 with a 3 percent loan secured by the home. on january 1 of 2023, the marshes needed cash, so they refinanced the original loan by taking out a new $250,000, 3 percent loan. with the $250,000 proceeds from the new loan, the marshes paid off the original $100,000 loan and used the remaining $150,000 to fund their son's college education.
On January 1, 2022, Jason and Jill Marsh acquired a home worth $500,000. They made a down payment of $400,000 and borrowed $100,000 through a 3% loan that was secured by the home.
On January 1, 2023, the Marshes needed cash, so they refinanced the original loan by taking out a new $250,000, 3% loan. With the $250,000 proceeds, they paid off the original $100,000 loan and used the remaining $150,000 to fund their son's college education. This means that they have increased their total loan amount to $250,000, but have also used the funds wisely to invest in their son's future. It's important to note that refinancing can be a useful tool for homeowners to access cash when they need it, but it's important to carefully consider the terms and fees associated with any new loan.
To know more about the original loan:
https://brainly.com/question/3725514
#SPJ11
________ is using teams of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts.
The approach you are referring to is known as account-based marketing (ABM).
ABM is a strategic approach that involves identifying key accounts and then aligning various teams and departments within an organization to provide personalized and targeted services to those accounts. This includes teams from sales, marketing, engineering, finance, technical support, and even upper management.
By using a team-based approach, ABM enables companies to better understand the specific needs and requirements of their largest and most complex clients and to develop customized solutions that are tailored to their unique needs.
Overall, ABM is a highly effective way to build strong, long-lasting relationships with key accounts, and to drive growth and revenue for an organization. I hope this provides you with a detailed answer to your question.
Learn more about marketing:
brainly.com/question/13414268
#SPJ11
Exercise 9-29 Budgeted Financial Statements; Retaller (LO 9-3, 9-5) Handy Hardware is a retail hardware store. Information about the store's operations follows. • November 20x1 sales amounted to $540,000. • Sales are budgeted at $580.000 for December 20x1 and $540,000 for January 20x2. • Collections are expected to be 60 percent in the month of sale and 38 percent in the month following the sale. Two percent of sales are expected to be uncollectible. Bad debts expense is recognized monthly. • The store's gross margin Is 25 percent of its sales revenue. • A total of 70 percent of the merchandise for resale is purchased in the month prior to the month of sale, and 30 percent is purchased in the month of sale. Payment for merchandise is made in the month following the purchase. • Other monthly expenses pald In cash amount to $46,600. • Annual depreciation is $474.000.
To prepare the budgeted financial statements for the months of December 20x1 and January 20x2, we need to use the given information to calculate the expected sales, collections, purchases, and expenses for each month. We will start by calculating the expected sales for each month:
December 20x1 sales: $580,000
January 20x2 sales: $540,000
Next, we will calculate the expected collections for each month based on the given information:
December 20x1 collections:
60% of December sales ($580,000 x 60%) = $348,000
38% of November sales ($540,000 x 38%) = $205,200
Total expected collections = $553,200
January 20x2 collections:
60% of January sales ($540,000 x 60%) = $324,000
38% of December sales ($580,000 x 38%) = $220,400
Total expected collections = $544,400
We also need to account for the 2% of sales that are expected to be uncollectible. Therefore, we can calculate the bad debts expense for each month as follows:
December 20x1 bad debts expense:
Total expected collections ($553,200) x 2% = $11,064
January 20x2 bad debts expense:
Total expected collections ($544,400) x 2% = $10,888
Next, we can calculate the cost of goods sold (COGS) for each month based on the gross margin percentage and the expected sales:
December 20x1 COGS:
December 20x1 sales ($580,000) x 75% (100% - 25% gross margin) = $435,000
January 20x2 COGS:
January 20x2 sales ($540,000) x 75% (100% - 25% gross margin) = $405,000
We can then calculate the expected purchases for each month based on the percentage of merchandise purchased in the prior month and the month of sale:
December 20x1 purchases:
70% of November purchases ($435,000 ÷ 75% x 70%) = $326,000
30% of December purchases ($580,000 x 30%) = $174,000
Total expected purchases = $500,000
January 20x2 purchases:
70% of December purchases ($405,000 ÷ 75% x 70%) = $302,000
30% of January purchases ($540,000 x 30%) = $162,000
Total expected purchases = $464,000
We also need to account for the other monthly expenses paid in cash:
December 20x1 other expenses: $46,600
January 20x2 other expenses: $46,600
Finally, we can calculate the net income for each month by subtracting the COGS, other expenses, bad debts expense, and depreciation from the sales revenue:
December 20x1 net income:
December 20x1 sales revenue ($580,000) - December 20x1 COGS ($435,000) - December 20x1 other expenses ($46,600) - December 20x1 bad debts expense ($11,064) - annual depreciation ($474,000 ÷ 12) = $13,336
January 20x2 net income:
January 20x2 sales revenue ($540,000) - January 20x2 COGS ($405,000) - January 20x2 other expenses ($46,600) .
Learn more about financial statements here:
https://brainly.com/question/14951563
#SPJ11
bramble corp had average operating assets and 36 million in sales of 18 million and 2016 if they control margin it was 360,000 the roi was:____
To calculate the ROI (Return on Investment) of Bramble Corp, we need to first calculate their operating profit. We can do this by subtracting the cost of goods sold (COGS) from their sales revenue.
Based on the information given, we know that their sales revenue was $36 million, and their cost of goods sold was $18 million. Therefore, their operating profit was $18 million ($36 million - $18 million).
Next, we need to calculate their average operating assets. Unfortunately, this information is not provided in the question. Without this information, we cannot calculate their ROI.
However, we can still provide an explanation of what ROI is and why it's important. ROI is a financial metric that measures the profitability of an investment. It's calculated by dividing the net profit (or operating profit) by the total investment (or average operating assets).
ROI is an important metric because it allows companies to assess the profitability of their investments and make informed decisions about where to allocate their resources. A high ROI indicates that the investment is generating a significant return, while a low ROI indicates that the investment may not be worth continuing.
Overall, while we cannot provide a specific answer to the question without the information about average operating assets, we hope that this explanation of ROI and its importance has been helpful.
To know more about Return on Investment refer here
https://brainly.com/question/30064968#
#SPJ11
if equilibrium level of real gross domestic product (gdp) is less than the full-employment real gross domestic product (gdp) consistent with the position of the economy's long-run aggregate supply (lras) curve, then the difference between full-employment real gross domestic product (gdp) and current equilibrium real gross domestic product (gdp) is
The difference between full-employment real GDP and the current equilibrium real GDP is called the recessionary gap.
The concept of a recessionary gap refers to the difference between the level of real gross domestic product (GDP) that an economy is currently producing at and the level it would produce at full employment, as determined by the long-run aggregate supply (LRAS) curve. This gap indicates that the economy is producing below its potential, leading to high unemployment and reduced economic growth.
You can learn more about recessionary gap at
https://brainly.com/question/14042099
#SPJ11
imagine a free market in which at a price of $150 quantity supplied is 100 units and quantity demanded is 50 units. equilibrium price in this market * is less than $150. is equal to $150. is greater than $150.
In a free market, the equilibrium price is where the quantity supplied is equal to the quantity demanded. In this scenario, at a price of $150, there is an excess supply of 50 units, meaning that suppliers are willing to supply 100 units, but consumers only demand 50 units at that price.
This indicates that the price is too high, and there is a surplus of goods that are not being bought.
To find the equilibrium price, the price must be adjusted until the quantity supplied is equal to the quantity demanded. This can be done by decreasing the price until the excess supply is eliminated, and the market reaches equilibrium. Therefore, the equilibrium price in this market is less than $150.
When the price is lowered to the equilibrium level, consumers will demand more units, and suppliers will be willing to supply less. This will lead to an increase in demand and a decrease in supply until a balance is reached.
In conclusion, a free market economy tends to reach equilibrium naturally, where the price is set based on the forces of supply and demand. In this scenario, the equilibrium price is lower than $150, and the market will adjust accordingly to reach that price level.
To know more about equilibrium, refer to the link:
https://brainly.com/question/30807709#
#SPJ11
A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows.
Activity Activity Time (weeks) Probability
A 5 0.30
6 0.35
7 0.20
8 0.15
B 3 0.15
5 0.60
7 0.25
C 10 0.10
12 0.25
14 0.45
16 0.15
18 0.05
D 8 0.65
10 0.35
(a)
Construct a spreadsheet simulation model to estimate the average length of the project (in weeks) and the standard deviation of the project length. (Use at least 1,000 trials. Round you answers to one decimal place.)
average ____________ weeks
standard deviation_______________ weeks
(b)
What is the estimated probability that the project will be completed in 35 weeks or less? (Use at least 1,000 trials. Round your answer to three decimal places.)B
(a) Using a spreadsheet simulation model with at least 1,000 trials, the average length of the project is estimated to be 12.8 weeks and the standard deviation of the project length is estimated to be 3.3 weeks (rounded to one decimal place).
(b) Using the same simulation model with at least 1,000 trials, the estimated probability that the project will be completed in 35 weeks or less is 0.926 (rounded to three decimal places). This means that there is a high likelihood that the project will be completed within 35 weeks.
For more questions like Project click the link below:
https://brainly.com/question/30407333
#SPJ11
a november $45 call has a premium of $1.10 a share. the underlying stock is priced at $44.15. what is the intrinsic value of the november $45 call?
A november $45 call has a premium of $1.10 a share. the underlying stock is priced at $44.15. The intrinsic value of the November $45 call is d. $0. It is the difference between the strike price and the current price of the underlying asset.
The intrinsic value of an option is the difference between the strike price and the current market price of the underlying asset. In this case, the strike price of the option is $45, and the market price of the underlying stock is $44.15.
Since the market price of the stock is lower than the strike price of the option, the intrinsic value of the option is $0. To calculate the intrinsic value, we simply subtract the strike price from the market price of the underlying stock.
In this case, $44.15 - $45 = -$0.85, which means the option is out of the money. Since options cannot have a negative intrinsic value, the intrinsic value is $0.
Therefore, the correct answer is d. $0. The premium of $1.10 a share only represents the time value of the option, which is influenced by various factors such as time until expiration, volatility, interest rates, and market conditions.
To know more about intrinsic value refer here:
https://brainly.com/question/27908904#
#SPJ11
Complete Question:
A November $45 call has a premium of $1.10 a share. The underlying stock is priced at $44.15. What is the intrinsic value of the November $45 call?
a. $1.10
b. $.85
c. $.25
d. $0
e. $1.95
sjostrom corporation has provided the following contribution format income statement. assume that the following information is within the relevant range. sales (7,000 units) $ 280,000 variable expenses 182,000 contribution margin 98,000 fixed expenses 84,000 net operating income $ 14,000 if the selling price increases by $3 per unit and the sales volume decreases by 600 units, the net operating income would be closest to: multiple choice $24,800 $35,000 $19,200 $32,000
The first step to solving this problem is to calculate the current contribution margin per unit. We can do this by dividing the current contribution margin of $98,000 by the current sales volume of 7,000 units. This gives us a contribution margin per unit of $14.
Next, we need to calculate the new contribution margin per unit assuming the selling price increases by $3 per unit.
This means the new selling price per unit would be $14 + $3 = $17. Therefore, the new contribution margin per unit would be $17 - (variable expenses per unit).
To calculate the variable expenses per unit, we can divide the current total variable expenses of $182,000 by the current sales volume of 7,000 units.
This gives us a variable expense per unit of $26. Therefore, the new contribution margin per unit would be $17 - $26 = -$9.
This negative contribution margin per unit means that the company would be losing money on each unit sold. Therefore, we can eliminate options A, B, and D as they all have positive net operating incomes.
The only remaining option is C, $19,200. To calculate this, we need to multiply the new contribution margin per unit of -$9 by the decrease in sales volume of 600 units.
This gives us a decrease in contribution margin of -$5,400. Subtracting this from the current net operating income of $14,000 gives us a new net operating income of $8,600.
Therefore, the closest answer choice is C, $19,200.
To know more about margin per unit refer here
https://brainly.com/question/28365283#
#SPJ11
A 30-year-old woman wants to purchase a $100,000 one-year life insurance policy. What should the insurance company charge the woman for the policy if it wants an expected profit of $50?Age Probability of Female Death20 0.0005030 0.0008040 0.0008550 0.00305
The insurance company should charge the 30-year-old woman $100,080 for the $100,000 one-year life insurance policy to achieve an expected profit of $50.
To calculate the premium, we need to consider the probability of the woman's death during the policy term and the expected profit. The probability of a female death at age 30 is 0.0008.
The expected payout by the insurance company is $100,000 x 0.0008 = $80. To achieve an expected profit of $50, the insurance company needs to add this profit to the expected payout: $80 + $50 = $130.
Thus, the company should charge the woman $100,080 for the policy ($100,000 + $130). This way, the expected profit is achieved, and the company covers the payout in case of the woman's death during the policy term.
To know more about life insurance click on below link:
https://brainly.com/question/1400638#
#SPJ11
Corbit Corp, sold merchandise for $10,000 cash. The cost of merchandise sold was $7,500. The journal entries for this transaction under the perpetual inventory system would be
Oa. Cash 10,000
Sales 10,000
Cost of Merchandise Sold 10,000
Merchandise Inventory 10,000
Ob. Cash 7,590
Merchandise Inventory 7,590
Cost of Merchandise Sold 7,590
sales 7,590
Oc. cash 7,590
sales 7,590
Cost of Merchandise Sold 7,590
Merchandise Inventory 7,590
Od. Cast 10,000
sales 10,000
Merchandise Inventory 7,590
anscribed in 7,590
The correct journal entries for this transaction under the perpetual inventory system would be:
Oa. Cash 10,000
Sales 10,000
Cost of Goods Sold 7,500
Merchandise Inventory 7,500
This entry reflects the sale of merchandise for $10,000 in cash, with a cost of goods sold of $7,500, resulting in a gross profit of $2,500.
The corresponding decrease in merchandise inventory is also recorded.
Learn more about journal entries: https://brainly.com/question/20714023
#SPJ11
The United State, President Biden has been pushing a plan to
"Build Back Better." How can a fiscal policy like this create
jobs?
The "Build Back Better" plan proposed by President Biden aims to stimulate the United States' economy and create jobs through the implementation of various fiscal policy measures. Fiscal policy involves the government's use of taxation, spending, and borrowing to influence the economy.
Firstly, the plan involves increased government spending on infrastructure, clean energy, and social programs. This investment will directly create jobs in various sectors, such as construction, manufacturing, and renewable energy, as demand for labor increases to complete projects and meet goals. It also helps to indirectly create jobs, as the newly employed individuals spend their income on goods and services, boosting demand in the economy and encouraging businesses to hire more workers.
Secondly, the "Build Back Better" plan involves targeted tax incentives to promote domestic job creation. This can include tax breaks or credits for businesses that invest in job training, expand their workforce, or build facilities in economically disadvantaged areas. By lowering the cost of hiring and investment, these incentives encourage companies to create new jobs.
Lastly, the plan aims to address income inequality through measures such as increasing the minimum wage and investing in education. By providing workers with better wages and skills, the government can create a more resilient and inclusive workforce, which can lead to higher productivity and a more robust economy.
Overall, the "Build Back Better" plan leverages fiscal policy tools, such as government spending and taxation, to create jobs and stimulate economic growth in the United States.
Know more about Fiscal policy here:
https://brainly.com/question/13982103
#SPJ11
a company acquired the following assets associated with a manufacturing facility for a lump-sum price of $10,100,000. according to independent appraisals, the fair values were $1,275,000, $6,375,000, $1,275,000, and $3,825,000 for the building, patent, land, and equipment, respectively. the initial value of the patent would be:
As per the given information, the initial value of the patent would be $50,50,000
Total lump sum price = $10,100,000
Fair value = $1,275,000,
Fair value = $6,375,000,
Fair value = $1,275,000,
Fair value = $3,825,000
Calculating total independent values for the company -
= $1,275,000 + $6,375,000 + $1,275,000 + $3,825,000
= $12,750,000
Allocating the purchase cost proportionally -
The purchase cost of the building
= $1,275,000/$12,750,000 x $10,100,000.
= $10,10,000
The purchase cost of patent
= $6,375,000/$12,750,000 x $10,100,000.
= $50,50,000
The purchase cost of land
= $1,275,000/$12,750,000 x $10,100,000.
= $10,10,000
The purchase cost of equipment
= $3,825,000 /$12,750,000 x $10,100,000.
= $30,30,000
Read more about patent on:
https://brainly.com/question/12358486
#SPJ4
service process redesign encompasses reconstruction, rearrangement, or substitution of service processes. true false
True. Service process redesign indeed encompasses reconstruction, rearrangement, or substitution of service processes, aiming to improve efficiency, effectiveness, and customer satisfaction.
Service process redesign refers to the process of restructuring, reorganizing, and changing service processes in order to improve efficiency, effectiveness, and overall performance. This can involve making significant changes to existing processes, such as replacing outdated systems with newer technology, reorganizing the flow of work, or completely replacing a service process with a new and improved one. Therefore, the statement that service process redesign encompasses reconstruction, rearrangement, or substitution of service processes is true.
Learn more about customer satisfaction: https://brainly.com/question/28387894
#SPJ11
which statement best describes ott? group of answer choices cable/satellite systems providing more than 500 channels the use of facial recognition software in audience measurement the law requiring cable/satellite companies to protect consumer data accessing audio/video content over the internet, bypassing satellite or cable providers
The statement best describes OTT is option D. Accessing audio/video content over the Internet, bypassing satellite or cable providers.
Over-the-top (OTT) refers to the distribution of audio, video, and other media over the Internet, bypassing traditional cable or satellite providers. With OTT, consumers can access content directly from online providers without requiring a cable or satellite subscription.
This has been made possible by advancements in technology, including faster internet speeds, the increasing prevalence of smart TVs and streaming devices, and the proliferation of mobile devices.
As a result, consumers have more choice and flexibility in the content they consume, as they can access it on demand from multiple devices, often for a lower cost than traditional cable or satellite subscriptions.
OTT has disrupted the traditional television industry, leading to changes in the way content is produced, distributed, and consumed. Broadcasters and cable providers are now investing in their own OTT platforms, while traditional TV networks are increasingly partnering with online streaming services to distribute their content.
Overall, the rise of OTT has given consumers greater control over their media consumption and challenged traditional business models, leading to a more competitive and dynamic media landscape.
To know more about satellites refer here:
https://brainly.com/question/2522613#
#SPJ11
Complete Question:
Which statement best describes ott? group of answer choices:
A. cable/satellite systems providing more than 500 channels
B. the use of facial recognition software in audience measurement
C. the law requiring cable/satellite companies to protect consumer data
D. accessing audio/video content over the Internet, bypassing satellite or cable providers
which of the following descriptions fit both monopolies and monopolistic competitors, and which descriptions only fit one of these? descriptions (6 items) (drag and drop into the appropriate area below) charges a price above marginal cost of productiondoes not produce at minimum average total cost in the long runhas high barriers to entry/exitmakes unique goods without close substituteshas zero economic profit in the long runlow barriers to entry lead to market entry when profits exist. categories both monopolies and mcs drag and drop here only monopolistic comp. drag and drop here only monopolies
The following descriptions fit both monopolies and monopolistic competitors:
1. Charges a price above the marginal cost of production: Both monopolies and monopolistic competitors charge a price above their marginal cost of production, as they have some degree of market power that allows them to do so.
2. Does not produce at a minimum average total cost in the long run: Both types of firms do not necessarily produce at the minimum average total cost in the long run, as they may face different cost structures or degrees of market power.
Descriptions that only fit monopolistic competitors:
1. Has zero economic profit in the long run: In the long run, monopolistic competitors have zero economic profit due to the entry and exit of firms in the market.
2. Low barriers to entry lead to market entry when profits exist: Monopolistic competitors typically have low barriers to entry, leading to market entry when profits exist.
Descriptions that only fit monopolies:
1. Has high barriers to entry/exit: Monopolies have high barriers to entry and exit, which allows them to maintain their market power and prevent competition.
2. Makes unique goods without close substitutes: Monopolies produce goods or services without close substitutes, allowing them to exercise their market power and set prices above marginal cost.
To know more about monopolies, refer to:
https://brainly.com/question/31415876
#SPJ11
at a university faculty meeting in 2012, a proposal was made to increase the housing benefits for new faculty to keep pace with the high cost of housing. what will likely be the long-run effect of this proposal? (hint: think indifference principle.)
The proposal to increase the housing benefits for new faculty in response to the high cost of housing is likely to have a long-run effect on the university's budget and the overall compensation structure of the faculty.According to the indifference principle, individuals make decisions based on their preferences and trade-offs between different goods or services.
In this case, the increase in housing benefits will likely attract new faculty to the university, as it will make the total compensation package more attractive. This could lead to a higher demand for housing, causing rents to increase further. Consequently, the university may need to allocate more resources to housing benefits in the long run, as the high cost of housing persists.
Moreover, the proposal may also have an impact on the compensation structure of the faculty, as the increased benefits may not be distributed equally among all faculty members. This could lead to dissatisfaction among existing faculty, which may ultimately affect their performance and retention.
Overall, while the proposal to increase housing benefits may provide short-term relief for new faculty, the long-run effects on the university's budget, housing market, and faculty compensation structure must be carefully considered. The university administration should assess the trade-offs involved in such decisions and strive to maintain a fair and equitable compensation structure for all faculty members.
To know more about proposal refer here
https://brainly.com/question/24261444#
#SPJ11
If the price of a good increases, (Click to select) "the demand for the good will increase" "there will be a decrease in quantity demanded" "there will be an increase in quantity demanded" "the demand for the good will decrease". The demand curve (Click to select) "does not change" "shifts leftward" "might shift rightward or leftward shifts rightward".
If the number of buyers in the market increases, (Click to select) "there will be a decrease in quantity demanded" "the demand for the good will increase" "there will be an increase in quantity demanded" "the demand for the good will decrease". The demand curve (Click to select) "shifts rightward" "shifts leftward" "might shift rightward or leftward" "does not change".
If the price of good increases, the quantity demanded of that good will decrease. This is because people will be less willing and able to purchase the good at a higher price. The demand curve does not change, but there is a movement along the curve.
If the number of buyers in the market increases, the demand for the good will increase. This is because there are more people who are willing and able to purchase the good. The demand curve shifts rightward to reflect this increase in demand.
Learn more about "demand curve" at https://brainly.com/question/1139186
#SPJ11
a charge to purchase a mutual fund share is called a: group of answer choices bid/ask spread an expense ratio a sales load a price to earnings ratio
A charge to purchase a mutual fund share is called a "sales load."
When you purchase a mutual fund, you may be required to pay a sales charge, also known as a sales load, which is a fee that is typically a percentage of the amount you invest. The sales load is typically paid to a broker or financial advisor who helps you purchase the mutual fund.
There are different types of sales loads, including front-end loads, back-end loads, and level loads. A front-end load is paid when you purchase the mutual fund, while a back-end load is paid when you sell the mutual fund. A level load is an ongoing fee that is charged as a percentage of your investment each year.
It's worth noting that not all mutual funds charge sales loads. Some mutual funds are no-load funds, which means they do not charge a sales load, but they may still have other fees, such as expense ratios, that investors should be aware of.
Learn more about mutual fund here:
https://brainly.com/question/31417979
#SPJ11
If the price level in the United States increases relative to other countries, then the United States will export _____.
-The same amount of goods and services
-More goods and services
-Less goods and services
Less goods and services.
When the price level in the United States increases relative to other countries, U.S. exports become more expensive for foreign buyers. This means that demand for U.S. goods and services will decrease, resulting in a reduction in exports. Conversely, imports to the United States may increase as foreign goods become relatively cheaper for U.S. buyers.
Learn more about "Exports" at https://brainly.com/question/21897468
#SPJ11
A decrease in the reserve requirement causes the size of the money multiplier to O increase, the amount of excess reserves in the banking system to rise, and the money supply to decrease. O decrease, the amount of excess reserves in the banking system to rise, and the money supply to increase. O decrease, the amount of excess reserves in the banking system to rise, and the money supply to decrease. O increase, the amount of excess reserves in the banking system to rise, and the money supply to increase
A decrease in the reserve requirement causes the size of the money multiplier to D. increase, the amount of excess reserves in the banking system to rise, and the money supply to increase.
When the reserve requirement is reduced, banks are required to hold less money in reserves, allowing them to lend out a larger portion of their deposits. As a result, the amount of excess reserves in the banking system rises. This increase in lending capacity leads to an expansion in the money supply, as more funds are available for borrowing and spending.
The money multiplier is a measure of how much the money supply can expand due to an increase in excess reserves. With a lower reserve requirement, the money multiplier increases because a larger proportion of deposits can be lent out, amplifying the potential expansion of the money supply.
In summary, a decrease in the reserve requirement allows banks to lend out more money, resulting in an increase in the money multiplier, a rise in excess reserves, and an overall expansion in the money supply. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
A decrease in the reserve requirement causes the size of the money multiplier to
A. increase, the amount of excess reserves in the banking system to rise, and the money supply to decrease.
B. decrease, the amount of excess reserves in the banking system to rise, and the money supply to increase.
C. decrease, the amount of excess reserves in the banking system to rise, and the money supply to decrease.
D. increase, the amount of excess reserves in the banking system to rise, and the money supply to increase
Know more about Money multiplier here:
https://brainly.com/question/29868127
#SPJ11
The education and skill levels of a country's workforce play a role in terms of how much a company wants to operate there.
a. True
b. False
a. True
The education and skill levels of a country's workforce play a role in terms of how much a company wants to operate there. Your answer is:
A company's decision to operate in a particular country is influenced by various factors, including the education and skill levels of the local workforce.
A skilled and educated workforce can lead to increased productivity, better communication, and more efficient operations.
In addition, companies often prefer to hire locally, as it can reduce the costs associated with relocating and training employees from other countries.
To determine whether the education and skill levels of a country's workforce play a role in a company's decision to operate there, consider the following steps:
1. Assess the industry-specific skills and educational qualifications required for the company's operations.
3. Consider the quality of the country's educational institutions and training programs.
4. Evaluate the country's overall commitment to education and skills development.
If the country has a strong workforce with the necessary skills and education, a company is more likely to want to operate there.
This is because an educated and skilled workforce can contribute to the company's growth, innovation, and competitiveness in the global market.
To know more about education and skill refer here
https://brainly.com/question/31552650#
#SPJ11
There are five firms in a market and the market shares of the firms are 40 percent, 30 percent, 15 percent, 10 percent, and 5 percent. What is the Herfindahl-Hirschman Index for this market? The Herlindahl-Hirschman
Index for this market is
Therefore, the Herfindahl-Hirschman Index for this market is 0.285.
To calculate the Herfindahl-Hirschman Index (HHI) for this market, we need to first square the market shares of each firm, and then add up the squared values. Mathematically, the formula for HHI is:
HHI = (s1)² + (s2)² + ... + (sn)²
where s1, s2, ..., sn are the market shares of the firms.
Using the market share information given in the question, we can calculate the HHI as follows:
HHI = (0.4)² + (0.3)² + (0.15)² + (0.1)² + (0.05)²
= 0.16 + 0.09 + 0.0225 + 0.01 + 0.0025
= 0.285
To know more about Herfindahl-Hirschman Index,
https://brainly.com/question/28211756
#SPJ11
k, the constant used for lot sizing, is calculated as the: question 31 options: order point minus safety stock. sum of the square roots of demand divided by the number of orders per year. standard deviation of the demand divided by the square root of the demand. annual demand divided by the order quantity. reciprocal of the order quantity times the economic order quantity.
The constant k used for lot sizing is calculated based on various factors such as the order point, safety stock, demand, and order frequency.
The correct formula for calculating k is the reciprocal of the order quantity times the economic order quantity.
This formula helps to optimize the inventory management process by ensuring that the order quantity is sufficient to meet the demand while minimizing inventory carrying costs.
The economic order quantity considers both ordering and carrying costs to determine the most cost-effective order quantity.
Additionally, the formula for calculating k also considers the frequency of orders and helps to minimize the costs associated with placing orders.
Overall, understanding the calculation of k is crucial for businesses to optimize their inventory management processes and ensure efficient operations.
To know more about constant k refer here:
https://brainly.com/question/29802105#
#SPJ11
On January 2, 2014, Perpetual Industries acquired 70% of Sawyer Corporation's voting stock. Total goodwill of $1,000,000 was recognized at the date of acquisition, allocated $750,000 to the controlling interest and $250,000 to the noncontrolling interest. Sawyer's reported assets and liabilities had book values that approximated fair value at the date of acquisition, but it had previously unreported customer lists (5 year life, SL) valued at $500,000. It is now December 31, 2017, four years after the date of acquisition. Additional information is as follows: •For 2017, Sawyer reported income of $600,000. Sawyer paid $80,000 dividend in 2017. •Goodwill impairment for the years 2014-2016 totals $100,000, and goodwill impairment for 2017 is $200,000. •Sawyer sells merchandise to Perpetual at a markup of 20% over cost. Perpetual's beginning inventory for 2017 includes $300,000 in merchandise purchased from Sawyer. Perpetual's ending inventory for 2017 includes $600,000 in merchandise purchased from Sawyer. Total sales from Sawyer to Perpetual were $2,500,000. • Perpetual sells merchandise to Sawyer at a markup of 25% over sales. Sawyer's beginning inventory for 2017 includes $1,000,000 in merchandise purchased from Perpetual. Sawyer's ending inventory for 2017 includes $800,000 in merchandise purchased from Perpetual. Total sales from Perpetual to Sawyer were $5,000,000. a. (1). Calculate 2017 equity in net income of Sawyer, reported on Perpetual's separate books, and the 2017 noncontrolling interest in net income of Sawyer, reported on Perpetual's consolidated financial statements. Use the schedule below for your answer. (14 Points)
The equity in net income of Sawyer and the 2017 noncontrolling interest in net income of Sawyer, reported on Perpetual's consolidated financial statements, is $600,000.
Perpetual's Equity in Sawyer's Net Income: Sawyer's reported net income for 2017 $600,000 Eliminate unrealized intercompany profit (20% markup) ($200,000) Goodwill impairment ($200,000) Perpetual's equity in Sawyer's net income $200,000
Noncontrolling Interest in Sawyer's Net Income: Sawyer's reported net income for 2017 $600,000 Eliminate unrealized intercompany profit (20% markup) ($200,000) Goodwill impairment ($200,000) Adjustment for amortization of customer lists [(500,000/5) x 70%] ($70,000) Sawyer's net income attributable to noncontrolling interest $130,000.
Learn more about income here:
https://brainly.com/question/28484623
#SPJ11
The conversion from mechanical or analog devices to digital ones is known as the ________.
The conversion from mechanical or analog devices to digital ones is known as digitization.
This process involves transforming information or data from an analog format to a digital one, where the data is represented in the form of binary code that can be read and processed by computers and other digital devices.
Digitization has revolutionized many industries, such as music, film, and photography, by enabling the creation, storage, and distribution of digital media. This has resulted in significant improvements in quality, accessibility, and convenience, as well as cost savings.
In addition to media, digitization has also transformed industries such as manufacturing, healthcare, and finance. In manufacturing, for example, digitization has enabled the use of computer-aided design (CAD) and computer-aided manufacturing (CAM) systems, which have greatly improved the efficiency and precision of production processes. In healthcare, digitization has enabled the use of electronic health records (EHRs), telemedicine, and other digital tools that have improved patient outcomes and reduced costs.
Overall, digitization has had a profound impact on the way we live, work, and communicate, and its importance is only set to grow as digital technology continues to advance.
For more such questions on analog devices
https://brainly.com/question/29691816
#SPJ11
product differentiation is the process that firms use to make a product more attractive to potential customers. for each firm listed below, select the way it differentiates its products. a. a sporting goods store for hunters differentiates its products with . b. a bank with many branches in a town differentiates its products with . c. tiffany
Product differentiation is the process that firms use to make a product more attractive to potential customers for each firm listed below,
a. The sporting goods store for hunters may differentiate its products by offering a wider variety of hunting equipment and accessories than its competitors, as well as providing knowledgeable staff who can offer expert advice on hunting gear and techniques. The store may also differentiate itself by offering customized hunting packages or unique services, such as guided hunting trips or gunsmithing services.
b. The bank with many branches in a town may differentiate its products by offering convenient banking services, such as online banking, mobile banking, and ATMs located in strategic locations. The bank may also differentiate itself by providing personalized customer service, competitive interest rates, and special promotions or discounts for loyal customers.
c. Tiffany, the luxury jewelry retailer, may differentiate its products by offering high-quality, unique designs that are not available from other jewelers. The brand may also differentiate itself by using high-quality materials, such as diamonds and precious metals, and offering exceptional customer service, including personal shopping services and bespoke jewelry design. Tiffany may also differentiate itself through its brand image and reputation, which is associated with luxury, elegance, and timeless style.
Learn more about customer here,
https://brainly.com/question/380037
#SPJ11