firm a is one of the firms in the long run equilibrium of the competitive industry of good x. what is firm a’s profit?
Answers
In a competitive market structure, all firms strive to produce at a minimum cost to acquire the highest profit possible. Firm A is one of the firms in the long-run equilibrium of the competitive industry of good x, and to determine its profit, you need to take a few factors into account.
Let's have a look at the essential components to determine Firm A's profit:1. CompetitionCompetitive markets have many buyers and sellers. Thus, firms must offer the lowest possible price to attract customers and retain them.2. Cost of ProductionThe production cost of goods and services also plays a significant role in determining profits.3. Output levelOutput level is the total amount of goods and services a company produces in a given time frame.4. Long-run EquilibriumA firm's long-run equilibrium happens when the firms in the market make normal profits, and all resources are efficiently allocated.Therefore, in the long run equilibrium of a competitive industry, each firm earns only a normal profit. This is because any positive economic profits will draw new firms into the industry, increasing the supply and bringing the price down to the point where profits are zero.In conclusion, Firm A's profit in the long-run equilibrium of the competitive industry of good x will be equal to zero, which is the normal profit.
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Related Questions
Which website allows individuals to search for suitable job profiles and employers?
Answers
Answer:
LinkedIn is a good site
Explanation:
the most serious problems with accounting systems appear to occur when managers attempt to use accounting information that was developed for
Answers
The most serious problems with accounting systems often arise when managers try to use accounting information that was originally designed for a different purpose. These problems can occur when attempting to make strategic decisions, evaluate performance, or assess the financial health of a company. In such cases, relying solely on traditional accounting metrics may lead to misleading or incomplete insights. To address these challenges, managers should consider the limitations of accounting information and supplement it with other sources of data and analysis to make well-informed decisions.Accounting systems are primarily designed to capture and report financial transactions and provide a historical record of a company's financial activities. While they are essential for financial reporting and compliance purposes, accounting systems may not always align with the needs of managers for decision-making and performance evaluation.
When managers attempt to use accounting information for strategic decision-making, they may encounter limitations. Accounting systems typically focus on past performance and may not provide forward-looking insights or consider qualitative factors that are critical for strategic decision-making. For example, accounting information alone may not adequately capture market trends, customer preferences, or technological advancements.
When evaluating performance, relying solely on accounting measures can lead to incomplete assessments. Traditional accounting metrics, such as net income or return on investment, may not reflect the true value created by a company or the effectiveness of its operations. They may overlook non-financial factors, such as customer satisfaction, employee engagement, or innovation, which can significantly impact long-term success.
Assessing the financial health of a company solely based on accounting information can also be problematic. Financial statements may not fully capture the value of intangible assets, such as intellectual property or brand reputation. Additionally, accounting standards and practices can vary across industries and countries, making it challenging to compare financial information across companies or sectors accurately.
To address these problems, managers should recognize the limitations of accounting information and consider it as one piece of the puzzle. They should supplement accounting data with other sources of information, such as market research, customer feedback, employee surveys, and industry benchmarks, to gain a more comprehensive understanding of the business. This holistic approach enables managers to make more informed decisions and evaluate performance more accurately.
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How education is medium to enhance the ability of human beings?
Answers
The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.
3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
Answers
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
Which of the following is true about U.S. Business cycle activity since 1933?
A. There has been only one business cycle in the last 30 years.
B. There have been only two or three complete cycles.
C. There have been no recessions since 1979.
D. Expansions have generally lasted longer than contractions.
Answers
Expansions have generally lasted longer than contractions is true about U.S. Business cycle activity since 1933. Option D is correct.
The U.S. business cycle is the periodic fluctuation of economic activity, measured by changes in real gross domestic product (GDP) and other macroeconomic variables. Since 1933, there have been multiple business cycles, with varying durations and magnitudes. However, expansions, or periods of economic growth, have generally lasted longer than contractions, or periods of economic decline.
This trend is evident when looking at the historical data of the U.S. business cycle, with expansions averaging around 60 months and contractions averaging around 11 months. While there have been periods of prolonged economic growth, such as the expansion that lasted from 1991 to 2001, there have also been recessions, or periods of economic contraction, such as the Great Recession that began in 2008. Therefore, option D is the correct answer regarding U.S. Business cycle activity since 1933.
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Antel and imd both produce similar computer chips, and the two companies dominate this market. The table shows the choices available to antel and imd in terms of total output and the profits they would make in each of these situations. Use this table to answer the four questions
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If Antel and imd both produce similar computer chips, and the two companies dominate this market. The profit for Antel in millions is $100 million and the profit for IMDin millions is $100 million. The best collective option for both firms is A. Cooperate.
What is profit?Profit can be defined as the money a person earn from the sales of goods and service after deducting all expenses such as cost of production.
a. Profit for Antel
Based on the production analysis image given the that Antal makes is $100 million which implies that profit for Antel is $100 million.
b. Profit for IMD
Based on the production analysis image given the that IMD makes is $100 million which implies that profit for IMD is $100 million.
c. Best collective option for both firms
Since both Antel and IMD produced similar product and as well both dominate the market, the best collective option for the two firms is cooperate as this will enables them to work together which will inturn help their companies to make more profit.
d. The reasons why both Antel and IMD would make more profit at the original constant production level is:
B. They can both charge more for the product at given level of production
C. It restricts the supply of computer chips
Therefore profit for Antel is $100 million and the profit for IMD is $100 million.
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The complete questions is:
Antel and IMD both produce similar computer chips and the two companies dominate this market The table below shows the choices available to Antel and IMD in terms of total output and the profits they would make in each of these situations
a. Using what you know about the prisoner's dilemma, what would be the profit for Antel in millions?
b. Using what you know about the prisoner's dilemma, what would be the profit for IMD in millions?
c. What would be the best collective option for both firms?
The firms should
A. Cooperate
B. Act independently
d. Select all of the reasons that Antel and IMD would make more profit at the original constant production level?
The original production level is more profitable because
A. Overall demand for computer chips will increase
B. They can both charge more for the product at given level of production
C. It restricts the supply of computer chips
1. Finch Company began its operations on March
31 of the current year. Finch has the following projected
costs:
April
May
June
Manufacturing costs (1)
$155,000
$196,000
$212,000
Answers
Finch Company started its operations on March 31 of the current year and has the following projected costs: Manufacturing costs:
April = $155,000May = $196,000June = $212,000Therefore, the answer is that Finch Company's manufacturing costs for April, May, and June are $155,000, $196,000, and $212,000, respectively. Finch issues a long term note for cash which means their current assets increase as cash is a current asset but their current liabilities do not increase as the note is a long term one
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A direct mailer falls under the category of sales, not marketing.
True
False
Answers
Answer:
False.
Explanation:
A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.
Hence, a direct mailer falls under the category of marketing, not sales.
Seri's Choice is a cosmetic company that is currently considering the use of debt in its capital structure, departing from its current condition where it uses solely equity. Under the current capital structure, i.e., the all-equity plan, the number of stock outstanding is 17,000,000. The second capital structure option (Plan A) will result in 6,500,000 shares outstanding and IDR 403,200,000 of debt. Meanwhile, the other option involves 14,500,000 shares outstanding and IDR 96,000,000 of debt (Plan B). For the debt, the interest rate would be 15%.
a. Without incorporating tax in the calculation, compare these three capital structure options of Seri's Choice, if the company's targeted EBIT is IDR 252,000,000, in terms of EPS and ROE. Use graphs where the hori…
Answers
To compare the three capital structure options of Seri's Choice, we will analyze the impact of each option on Earnings per Share (EPS) and Return on Equity (ROE). We'll assume there are no taxes involved.
First, let's calculate the EPS for each capital structure option:
All-Equity Plan:
EPS = Earnings / Number of Shares Outstanding
EPS (All-Equity) = IDR 252,000,000 / 17,000,000 shares
Plan A:
Under Plan A, the company has 6,500,000 shares outstanding and IDR 403,200,000 of debt. To calculate EPS, we need to consider the interest expense on the debt.
Interest Expense (Plan A) = Debt × Interest Rate
Interest Expense (Plan A) = IDR 403,200,000 × 15%
EPS (Plan A) = (Earnings - Interest Expense (Plan A)) / Number of Shares Outstanding
EPS (Plan A) = (IDR 252,000,000 - Interest Expense (Plan A)) / 6,500,000 shares
Plan B:
Under Plan B, the company has 14,500,000 shares outstanding and IDR 96,000,000 of debt. Similar to Plan A, we need to consider the interest expense on the debt.
Interest Expense (Plan B) = Debt × Interest Rate
Interest Expense (Plan B) = IDR 96,000,000 × 15%
EPS (Plan B) = (Earnings - Interest Expense (Plan B)) / Number of Shares Outstanding
EPS (Plan B) = (IDR 252,000,000 - Interest Expense (Plan B)) / 14,500,000 shares
Now, let's calculate the ROE for each capital structure option:
ROE = Earnings / Equity
ROE (All-Equity) = IDR 252,000,000 / Equity (All-Equity)
ROE (Plan A) = (IDR 252,000,000 - Interest Expense (Plan A)) / Equity (Plan A)
ROE (Plan B) = (IDR 252,000,000 - Interest Expense (Plan B)) / Equity (Plan B)
With the provided information, we can calculate the EPS and ROE for each capital structure option. However, the information provided does not include the equity values for each option, which are necessary to calculate the ROE. Without this information, we cannot provide a complete comparison of the options in terms of EPS and ROE.
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The most populous country in the world is
O Russia
Egypt
O China
India
Answers
Decision Point: Using the Association to Grow the Business Several months after starting the advertising campaign, you meet with the director again. She says, "Our consumers are finally associating our cookie with a good-tasting experience over time. We see this in increased sales as well." She continues, "We feel that we can use this newly forged association in the consumer's mind between the cookie brand name and good taste in other ways to help grow our business, but we're not sure how. I'd like you to come up with some ideas." Which of the following options is the best choice to use the brand and its association in the consumer's mind with good taste? Select an option from the choices below and click Submit. License the brand to another company to use on a potato chip. Develop a line extension using the brand on a chocolate chip cookie. License the brand to a company that wants to use it on their lower cost baked goods.
Answers
The best choice to utilize the brand and its association with good taste in the consumer's mind would be to develop a line extension using the brand on a chocolate chip cookie. Option B.
By developing a line extension, the company can leverage the positive association consumers have between the brand name and good taste to introduce a new product variant that aligns with their existing offerings. Chocolate chip cookies are a natural fit as they maintain the core essence of the original cookie while adding a popular flavor variation.
This allows the company to tap into the existing customer base who already associate the brand with good taste and provide them with a new product option to explore.
Introducing a line extension also provides an opportunity for the company to expand its market reach and capture new customers who may be attracted to the brand's reputation for quality and taste. By leveraging the positive brand association, the company can differentiate its chocolate chip cookies from competitors and establish a strong presence in the market.
On the other hand, licensing the brand to another company to use on a potato chip or licensing it to a company that wants to use it on their lower-cost baked goods may dilute the brand's association with good taste. Associating the brand with lower-cost or unrelated products could create confusion among consumers and weaken the brand's overall image.
Therefore, developing a line extension with a chocolate chip cookie aligns with the brand's existing identity, capitalizes on the positive association with good taste, and provides the company with the opportunity to expand its product portfolio while maintaining brand consistency and consumer loyalty. So Option B is correct.
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PLEASE HELP ASAP!!! I'll MARK BRAINLIEST!! FOR CAREER!!
1. Nara learned about prototyping, feedback, and testing as part of her biomedical engineer career. She is considering changing careers. Could she apply these concepts in a different career? Give one example of how Nara could use prototyping, feedback, and testing in a career.
2. Imagine you’re a human resources manager interviewing applicants for two jobs: IT security specialist and web developer. Could you hire one person to do both jobs? Why or why not? Describe the skills and personal qualities that candidates for each job should have.
3. If you work as a human resources manager, you’ll need a well-developed sense of empathy in order to succeed. How could you explain that part of your job to a new employee? Would empathy be important if you worked in a different career? Explain.
4. General contractors must make decisions based on ethics and safety. What other careers require people to follow safety regulations? Do the regulations protect the public, workers, companies, or a combination of these? How do the regulations compare to the safety guidelines you might follow in your everyday life, such as seat belt rules or lab rules in science class?
5. Helena is considering a new, full-time job at a construction company that’s part of a union. She’d make $20 per hour and earn a salary of about $40,000 per year. The union would charge her two and a half times her hourly wage. So her monthly union dues would be $50. What would her union dues be per year? Would it be worth it? Should she take the job? Explain why or why not.
Answers
Yes, Nara may use the ideas of testing, feedback, and prototyping in a different line of work.
What is prototyping?
Design teams experiment with, bring to life, and iterate on ideas through the process of prototyping, which can involve everything from digital designs to paper ideas. A prototype is fundamentally an early rendition of a design that enables users to engage with it or envision it before a finished product is created.
For instance, if Nara decided to pursue a career in software development, she might utilize prototyping to produce early iterations of the program and collect user input to enhance it. The program could then be tested to make sure it functions as intended and any problems could be fixed.
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What can a job candidate communicate through a video introduction that they can't convey via their resume?
A:the type of people in their professional network
B:details about their education and certification
C:their work experience and past employers
D:their personality through body language
Answers
A job candidates communicate through a video introduction that they can't convey via their resume their personality through body language. Thus, option D is correct.
What is a job?A job can be described as a process by which a person completes a task or a job. The person receives payment for the work.
A candidate is going through an introduction, and it can be Converse by the help of a video with the person are the interviewer can see him or her and examine the way that this week it also determines the personality and the body language about how sincere, confident a person is. Therefore, option D is the correct option.
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Answer:
D
Explanation:
Francis has an internship at a law firm, takes an art class, and researches colleges that offer majors in veterinary science. Which of these actions increases Francis's human capital?
A.
both the internship and the research
B.
only the internship
C.
both the internship and the art class
D.
only the research
Answers
Answer: C. both the internship and the art class
Explanation:
Human capital simply means the economic value of the skills and the experience of a worker. Human capital includes the training, health, skills, education, of workers.
From the question, Francis human capital will be both the internship and the art class as they will provide him with the needed experiences. Therefore this is a form of human capital.
Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB
Answers
Answer: It is B. AlA
Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.
Which of the following are steps in the Incident Reporting Process? (select all that apply)
review by management
develop changes in care
enact changes in care
record the incident
Answers
Answer:
review by management
develop changes in care
enact changes in care
record the incident
Review by management, develop changes in care, enact changes in care, record the incident are the following steps in the Incident Reporting Process.
What is Process?A process is a set of decisions and actions used to carry out work. Although we may not be aware of them, processes are present in every sphere of our lives, including work and leisure.
Employees who get sick or hurt at work are given the treatment and help they require thanks to an incident reporting mechanism. In order to manage and improve preventive measures, it also helps with the recording and tracking of incidents.
Therefore, all the steps are the part of Incident Reporting Process.
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Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were $165.25. The service charge was $7.00. How much money does Bridget have in her checking account?
Your answer:
-$121.39
$484.11
$491.11
Answers
Answer:
$484.11
Explanation:
Calculation to determine How much money does Bridget have in her checking account?
Previous balance of $181.36
Add Total deposits $475.00
Less Total checks written $165.25
Less service charge $7.00
Checking account balance $484.11
Therefore How much money does Bridget have in her checking account is $484.11
It is the idea being transmitted by the sender to the receiver. It includes three aspects — content , structure and style
Answers
Answer:
decodes and feedback.
Explanation:
It is a message since it is written or recorded words or information sharing or ideas conveyed by the sender to the receiver. It includes information and communication, how important and useful information is, and can be read in order to understand it. The structure of a message is tone.
The Style includes how the sender composes and writes a message.
Message is the idea being transmitted.
A Message is a form of communication sent to a recipient who is not present physically and its can be in verbal, written or recorded form.
Message is one of the essential elements of communication process. The other process includes Sender, Encoding, Interference, Communication channel, Receiver, Decoding and Feedback
Roughly, there are 3 purposes for passing message
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Moziah decided to grow his business by acquiring funds through either loans or through issuing shares and hired you as a financial consultant. Explain the advantages and disadvantages of using equity capital and debt capital to finance a small business's growth and give Moziah your personal recommendation in his case.
Answers
Equity capital and debt capital are two ways to finance small business growth. Equity capital is the money raised by issuing shares, while debt capital is the money borrowed from a lender, and both options have advantages and disadvantages. However, the decision between equity and debt capital depends on the situation of the business and the owner's objectives. I would suggest that Moziah use a combination of both equity and debt capital.
Advantages of equity capital:
Equity financing does not have to be repaid, unlike debt financing.
Since the stock is a permanent investment in the business, it provides a long-term source of funding.
Equity financing can be appealing to investors who want a share in the business.
Disadvantages of equity capital:
Owners give up control over the company when they issue shares, as shareholders can vote on significant business decisions.
Dividends must be paid out to shareholders, which reduces the company's profits.
Advantages of debt capital:
Debt capital allows a company to maintain full control over the business.
Interest payments on loans are tax-deductible, reducing the company's tax liability.
Lenders do not have voting rights or the right to participate in business decisions.
Disadvantages of debt capital:
Interest payments must be paid regularly, which can be difficult for small businesses.
Lenders may demand collateral to secure the loan.
Lenders may impose strict covenants, which can limit the company's operations.
In conclusion, I would recommend that Moziah should consider a combination of equity and debt capital. This will provide the company with a long-term source of funding and maintain control of the business. Additionally, Moziah can minimize interest payments by limiting debt financing, and it can be appealing to investors who want to have a stake in the business.
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Before committing, one potential investor has asked maeve what her gross profit is for the boutique. Maeve references her to find this number and calculates it as
Answers
Before committing, one potential investor asked Maeve what her gross profit is for the boutique. Maeve references her financial statements to find this number and calculates it as gross revenue minus the cost of goods sold.
Gross profit is defined as the difference between revenue and the cost of goods sold. Gross revenue is the total income generated by a company from the sale of goods or services. The cost of goods sold is the cost of materials, labor, and other expenses associated with producing and selling those goods or services. Maeve can calculate her gross profit by subtracting her cost of goods sold from her gross revenue.
This calculation is important because it tells her how much money she is making before she pays her other expenses, such as rent, utilities, and salaries. If her gross profit is high, it means that she has a healthy business that is generating a lot of revenue and keeping her costs low. This is an important metric for investors because it tells them how much money they can expect to make from their investments. Maeve can find the information she needs to calculate her gross profit in her financial statements.
These statements include her income statement, which shows her revenue and expenses over a period of time, and her balance sheet, which shows her assets and liabilities at a specific point in time. By looking at these statements, Maeve can see how much money her business is making and where it is being spent.
The question was incomplete, Find the full content below:
Before committing, one potential investor asked Maeve what her gross profit is for the boutique. Maeve references her _______ to find this number and calculates it as ________.
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Steve bought 300 shares of stock at a price of $20 per share. The price of the stock then went up to $33 per share so Steve decided to hedge his position by purchasing 3 puts at a cost of $120 each. The puts have an exercise price of 30. One week prior to the expiration of the puts, the price of the stock was at $22 per share. If Steve closed out all of his positions at that time, he would have earned a net profit of
Answers
Answer: $2640
Explanation:
The net profit that Steve would have earned would be calculated as:
Profit on shares sale = 300 × (22-20) = 300 × 2 = $600.
Add: Profit on put position = 300 × (30 - 22) = 2400
Less: Premium paid on the put option = 360
Net profit = $600 + $2400 - $360
= $2640
Define demand and supply
Answers
Explain how long-term profitability affects pricing.
Answers
Answer:
A price increase
Deals and promotions
Poor customer experiences
Innovation that delivers value
Explanation:
what is the correlation between privacy and confidentiality? what ae the positive and negative effects associated with monitoring employees?
Answers
Privacy and confidentiality are closely related concepts, but they are not the same. Privacy refers to the right of an individual to keep their personal information and activities private and free from outside interference.
Confidentiality, on the other hand, refers to the obligation to keep information that has been shared in confidence secure and private.
Monitoring employees can have both positive and negative effects. On the positive side, it can help to prevent misconduct, ensure compliance with company policies, and improve productivity.
On the negative side, it can lead to a loss of privacy for employees, create a feeling of distrust between employees and management, and can potentially be used to discriminate against employees.
It is important for companies to strike a balance between protecting employee privacy and confidentiality, while also ensuring that employees are behaving appropriately and meeting company expectations.
This requires clear communication about what types of monitoring will be used, and how the information gathered will be used.
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Tax rates in which the percentage of tax is the same regardless of the level of income is MOST LIKELY a
Answers
Answer:
Proportional tax system
Explanation:
A proportional tax system levies an equal tax rate on everyone regardless of their income level. It is also known as the flat-rate tax because it treats the wealthy, middle class, and low-income earners equally. The proportional tax system simplifies tax filing as the same tax rate will apply to everyone.
The proportions tax system contrasts with the progressive tax system, which bases the tax rate on the taxpayer's income.
Which factor plays the biggest role in motivating economic decisions in a
market economy?
O A. Corruption in the leadership of powerful groups
O B. Commitment to maintaining a traditional lifestyle
O C. Competition between different businesses
D. Cooperation between governments and citizens
Answers
Cooperation between governments and citizens: plays the biggest role in motivating economic decisions in a market economy. Thus, option D is the correct option.
What Is a Market Economy?A market economy is a kind of capitalism in which a nation's companies and residents interact to determine economic policy and the cost of products and services. Although there may be some central planning or government interference, this phrase often denotes a more generally market-oriented economy.
The majority of economic decisions in a market economy are made through voluntary transactions that follow the rules of supply and demand. In a market economy, entrepreneurs are free to pursue profit by producing outputs that are worth more than the inputs they use, or, if they choose not to, to fail and close their doors. The forces of supply and demand are used in market economies to set the right prices and quantities for the majority of products and services.
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Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
Price elasticity of demand is useful because it measures _____ responsiveness to changes in _____.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income
Answers
Price elasticity of demand is useful because it measures consumers' responsiveness to changes in price.
What is Price Elasticity?This refers to the effect which occurs as a result of a change of price on a given good and the demand.
Here, we can note that because price elasticity has to do with the response of the customer in relation to the change in price, then we can note that option C is correct.
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How does organizational structure affect communication? Provide an example of how a sales associate might communicate an idea for a new promotion to the company's marketing department.
Answers
Answer:
The communication channels created by the organizational structure serve specific functions through downward, upward and lateral communication. Thus an organization's structure must facilitate this effective flow of communication.
Explanation:
Through lateral, upward, and downward communication, the organizational structure's communication channels fulfill particular purposes. Therefore, the organizational structure must support this efficient communication flow.
What is communication flow?There are five possible directions for communication to move through an organization: externally, lateral, diagonally, upwardly, and downwardly. stating the mission and vision of the organization. Etc. Check to make sure the chosen method will successfully deliver the message.
Information is transferred from lower-level employees to higher-level employees through upward communication. As an illustration of upward communication, consider workers reporting to a supervisor or team leaders reporting to a department manager.
The four main channels of communication inside an organization are downhill, upward, horizontal, and multi-directional.
Thus, Through lateral, upward, and downward communication.
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If a perfectly competitive firm and a monopolistic competitor in long run equilibrium face exactly the same demand and cost curves, then there is high probability that the former will earn zero economic profits, but the latter will earn positive economic profits. both will earn zero economic profits, but the former will attain lower unit costs than the latter. both will earn zero economic profits, but the latter will attain lower unit costs than the former. both firms will earn zero economic profits, and attain the lowest possible unit costs. neither form will earn zero economic profits, but both will attain the lowest possible unit costs.
Answers
If a perfectly competitive firm and a monopolistic competitor in long run equilibrium face exactly the same demand and cost curves, then there is high probability that. both will earn zero economic profits, but the former will attain lower unit costs than the latter.
Demand is the quantity of an awesome that customers are inclined and able to purchase at various fees during a given time. the relationship between price and quantity demand is likewise referred to as the demand curve.
Call for is the purchaser's choice to purchase a specific right or provider. marketplace call for is the call for for a particular top in the market. mixture demand is the entire demand for items and offerings within the economic system. demand and deliver healthy determines the price of the best or carrier. information the idea of demand.
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