If new firms enter a monopolistically competitive market structure in the long run, a. the demand curves faced by the existing firms become more elastic b. the demand curves faced by the existing firms become perfectly inelastic c. the demand curves faced by the existing firms shift to the right d. the supply curves of the existing firms become relatively more elastic

The term fair discrimination is a type of discrimination that is legally required.

Firm discrimination may be based on the following situations:

Thus, fair discrimination is a type of discrimination that is legally required.

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Answer:

Government is to big

Explanation:

The US government is overly expansive. Many regulations on private companies need to be removed because they only hurt small businesses and let big corporations monopolize certain markets.

Due to the significant roles that both privately held companies and the government play, the United States is classified as a mixed economy. In fact, the relative contributions of the public and private sectors have been the subject of some of the longest-running discussions in American economic history.

Private ownership is emphasized by the American free-market system. The majority of goods and services are produced by private firms, and about two-thirds of the nation's total economic output is used by individuals for personal purposes. In fact, the importance of consumers is so enormous that the country is occasionally referred to as being a "consumer economy."

This emphasis on private hands stems in part from American views about individual liberty. Furthermore, most Americans believe that an economy dominated by private ownership will be more efficient than one dominated by government ownership.

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Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.

However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.

To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:

Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.

Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?

Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;

Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.

All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.

One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.

The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.

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In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.

Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.

Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.

By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.

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Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.

A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.

Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.

In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.

Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.

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The equivalent annual savings from the purchase is $2,883.69.

The cost of the new glueball is $120,000, and the proceeds from selling the old glueball are $20,000, so the net cost of the investment is $100,000.

The tax rate is 21%, so the tax savings from depreciation will be:

Tax savings = $120,000 * 21% = $25,200

The after-tax cash flow for the first year is:

After-tax cash flow = ( Savings before tax - Depreciation) * (1 - Tax rate) + Depreciation

After-tax cash flow = ($28,000 - $120,000) * (1 - 21%) + $120,000

After-tax cash flow = -$7,520

For subsequent years:

After-tax cash flow = (Savings before tax - Depreciation) * (1 - Tax rate) + Depreciation

After-tax cash flow = ($28,000 - $120,000) * (1 - 21%) + $120,000

After-tax cash flow = $20,720

Now, Equivalent annual savings = (Present value of annual cash flows) / (Present value factor)

Present value factor = (1 - 1 / (1 + r)^n) / r

where r is the opportunity cost of capital, and n is the useful life of the investment.

In this case, r = 12% and n = 10.

The present value factor is:

Present value factor = (1 - 1 / (1 + 0.12)^10) / 0.12

Present value factor = 4.9676

hence, Present value of annual cash flows = -$7,520 + $20,720 / 0.12 * (1 - 1 / (1 + 0.12)^10)

Present value of annual cash flows = $14,316.61

Equivalent annual savings = $14,316.61 / 4.9676

Equivalent annual savings = $2,883.69

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Answer:

is there questions with it you could add?

Explanation:

Answer:

C the economy remains in a contraction for two quarters.

Explanation:

A recession is a period characterized by a decline in the level of economic activities. A decrease in the GDP value indicates the slowing down of economic activities. Should be GDP value decline for two or more consecutive quarters, the economy is said to be in a recession. Slowing down or decline in economic activities is referred to as contraction.

During a recession, the level of unemployment rises, demand for goods and services reduces, and income levels also decline. Recessions usually last between six to eighteen months.  A prolonged recession results in depression.

Answer: The economy remains in a contraction for two quarters

Explanation: taking test

1. Journal Entries: A. Raw materials inventory (debit) $410,000 ,Accounts payable (credit) $410,000.

Gross profit is the revenue earned by a company minus the direct costs associated with producing and selling its products or services. In other words, it is the amount of money that a company has left over from its sales after deducting the cost of goods sold (COGS).

B. Work in process inventory (debit) $380,000

Raw materials inventory (debit) $360,000

Manufacturing overhead (debit) $20,000

Accounts payable (credit) $380,000

C. Direct labor (debit) $75,000

Indirect labor (debit) $110,000

Sales commissions expense (debit) $90,000

Administrative salaries expense (debit) $200,000

Accrued salaries and wages payable (credit) $475,000

D. Sales travel expense (debit) $17,000

Accounts payable (credit) $17,000

E. Utilities expense (debit) $43,000

Accounts payable (credit) $43,000

F. Advertising expense (debit) $180,000

Accounts payable (credit) $180,000

G. Depreciation expense (debit) $350,000

Accumulated depreciation - factory assets (credit) $280,000

Accumulated depreciation - selling and administrative assets (credit) $70,000

H. Factory insurance expense (debit) $7,000

Selling and administrative insurance expense (debit) $3,000

Prepaid insurance (credit) $10,000

I. Work in process inventory (debit) $360,000

Manufacturing overhead (debit) $90,000

Accrued manufacturing overhead (credit) $450,000

J. Finished Goods Inventory $900,000

Work in Process Inventory $900,000

K. Accounts Receivable $1,500,000

Sales $1,500,000

Cost of Goods Sold $870,000

Finished Goods Inventory $870,000

L. Manufacturing Overhead $20,000

Cost of Goods Sold $20,000

2. T-Accounts:

Raw Materials Inventory

Beginning Balance: $20,000

Purchases: $410,000

Materials Used: ($360,000)

Ending Balance: $70,000

Work in Process Inventory

Beginning Balance: $15,000

Direct Materials: $360,000

Direct Labor: $75,000

Manufacturing Overhead: $90,000

Jobs Completed: ($900,000)

Ending Balance: $540,000

Finished Goods Inventory

Beginning Balance: $30,000

Cost of Goods Manufactured: $900,000

Jobs Sold: ($870,000)

Ending Balance: $60,000

Manufacturing Overhead

Applied to Production: $90,000

Actual Overhead: ($603,000)

Closing Entry: $20,000

Ending Balance: $-493,000

3. Closing Entry:

Manufacturing Overhead $493,000

Cost of Goods Sold $493,000

4. Income Statement:

Sales $1,500,000

Cost of Goods Sold ($870,000)

Gross Profit $630,000

Operating Expenses:

Direct Labor $75,000

Indirect Labor $110,000

Sales Commissions $90,000

Administrative Salaries $200,000

Sales Travel Expenses $17,000

Utility Costs $43,000

Advertising Expenses $180,000

Depreciation Expense - Factory Assets $280,000

Depreciation Expense - Selling and Administrative Assets $70,000

Insurance Expense $10,000

Total Operating Expenses ($1,075,000)

Operating Income ($445,000).

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Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.

Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.

It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.

In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.

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If as a stock analyst Mooch covers the common stock of GE, which sells for $11 per share and just paid a dividend of $.52. The required return per year for the common stock of GE must be is 5%.

Let make use of Gordon Growth Model to calculate the required return per year for the common stock of GE.

Gordon Growth Model formula:

Required return = D1 / (P0) + g

Where:

D1 = next year's dividend = $.55

P0 = current price of the stock = $11

g = steady state growth rate of dividends =10%

Let plug in the formula

Required return = $.55 / ($11) + 0.10

Required return = 5%

Therefore  the required return per year for the common stock of GE is 5%.

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The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.

Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.

If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.

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Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.

To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.

This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.

To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.

2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)

Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]

Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)

Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)

Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n

Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)

Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)

We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.

Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.

Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent

Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent

Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent

Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent

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Answer:

False.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

\( Price \; elasticity \; of \; demand = \frac {percent \; change \; in \; quantity \; demanded}{percent \; change \; in \; price}\)

The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

Hence, the smaller the number of good substitutes for a product, the lesser will be the price elasticity of demand for it.

For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

Business-to-Business is the primary characteristic

A sales channel is a chart that tries to establish ways through which a product or services reach the market, coming through the producer to other business through (B2B) and then, to the end customers

The Four known types of Sales Channels are:

In conclusion, the primary characteristic of all physical and digital sales channels is Business to Business (B2B) because products or services must pass middlemen when then distribute in smaller unit to end consumers.

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Answer:

B. Closing Sales...

Btw don't trust the answer at the top.

Explanation:

The following are common types of sales channel. Using a sales force to establish a network of customers and sell to them. Common in areas such as business-to-business sales. Using a third party as a sales force. Selling through physical locations such as a shop or product showroom.

A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.

In our system of government based on the Constitution, the Supreme Court is incredibly significant.

First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.

Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.

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Question Completion:

Existing Store  Revenue 2nd Store Cannibalization Revenue Net Revenue

                                        Revenue         Estimate      Drop         Increase for

                                                                                                      Market

Los Angeles   1,450,000  1,570,000         10%           145,000    1,425,000

Houston         1,400,000   1,475,000        25%          350,000    1,125,000

Orlando         2,100,000   2,155,000        30%          630,000   1,525,000

Atlanta           1,600,000   1,780,000         55%         880,000     900,000

Chicago         1,950,000   1,730,000         40%         780,000     950,000

San Diego    3,400,000  3,090,000          10%         340,000  2,750,000

Portant          1,000,000   1,075,000         25%         250,000     825,000

Dallas           2,000,000   1,850,000         60%       1,200,000    650,000

Boston         2,300,000  2,200,000         50%        1,150,000  1,050,000

1. Ignoring cannibalization rates for now, what two markets have the highest net revenue increases when adding a second store?

San Diego and Orlando

Atlanta and Dallas

Orlando and Dallas

San Diego and Portland

Dallas and Portland

2. What two markets should be chosen for a second store based on management's criteria that the cannibalization rate for the existing store should be less than 30%

Note: Cannibalization rates and net revenue increase amounts need to be considered when making this determination.

San Diego and Orlando

San Diego and Los Angeles

Chicago and Los Angeles

Chicago and Portland

San Diego and Portland

Answer:

Better Beans Coffee Company

1. San Diego's $2,750,000 and Orlando's $1,525,000 presented the highest net revenue increases when adding a second store.

2. Based on management's criteria that the cannibalization rate for the existing store should be less than 30%, San Diego with 10% and Los with 10% Cannibalization rates should be chosen.

Explanation:

Cannibalization Rate is a measure of the impact of new products or the presence of new stores on sales revenue for existing products or stores.  Cannibalization happens when a business, like the Better Beans Coffee Company, opens a new store in a town where there is an existing store. It can also happen when Better Beans releases new coffee products.  Consumers' attention and demand for existing products can decrease, as a switch to new products or new stores takes place.

Answer:

true

Explanation:

items are harder to be duped

Answer:

true

Explanation:

know these days anything is super fast to do or use.

Answer:

the great depression

Explanation:

there is a significant downfall in the economy

Answer:

Advantage #1: A flexible schedule – both in terms of when and where you work. ...

Advantage #3: It's exciting and fulfilling. ...

Advantage #4: The salary makes sense. ...

Disadvantage #1: You wear a lot of hats. ...

Disadvantage #2: You are always at work.

Explanation:

The positive (advantages) and negative aspects (disadvantages) of entrepreneurship are enumerated below:

Thus, there are numerous benefits in being an entrepreneur.  But there are also negative aspects of entrepreneurship.

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Based on the trading price of the futures contract on  Treasury bond futures, and the face value and initial margin, the current value of one contract is $2062.50.

The current value of the Treasury bond futures contract is:

= Selling price of contract - Buying price of contract

The selling price is:

= 105:08/ (32% x 100,000)

= $105,250

Buying price:

= 108:06 / (32% x 100,000)

= $103,187.50

The current value is:

= 105,250 - 103,187.50

= $2062.50

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Answer: C.) Wage

Explanation: A salary is a set cost that is due to you over an agreed amount of time. A commission is a percentage that you get from the original cost. A wage is the income one makes daily, or per hour. A pension is the gradual amount of money being added up during the years one works. Therefore, $50 an hour is a wage.

I hope this helped!

Good luck <3

Laffer curve models tax revenue as a function of a single tax rate.

Given the table above, it suggests that the tax cuts led to less revenue from the lower income groups ie there was a reduction in the taxes from the bottom 50%. But it led to more revenue from higher income group people ie the top 1%.

This implies that the reduction in the top marginal rate made atleast fiscal sense.

The Laffer Curve is based on supply-side economist Arthur Laffer's theory. It was developed in 1974 to illustrate the relationship between tax rates and the amount of tax revenue collected by governments.

The curve is frequently used to demonstrate the point that lowering tax rates can result in increased total tax revenue.

The Laffer Curve is a tax theory that proposes an inverted-U-shaped relationship between tax rates and government revenue.

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Answer:

so when the cats eats the dog the dogs take the bone