Monopolistically competitive firms do not achieve allocative efficiency because the _____. Multiple choice question. price for a monopolistically competitive firm is lower than the average cost output produced is less than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society output produced is more than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society price for a monopolistically competitive firm exceeds the marginal cost

Answers

Answer 1

Answer:

price for a monopolistically competitive firm exceeds the marginal cost

Explanation:

Monopolistically competitive firms do not achieve allocative efficiency because the "price for a monopolistically competitive firm exceeds the marginal cost"

Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.

In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.


Related Questions

what does white space mean in terms of advertising?


A. Space within the advertising region that is text only


B. Space within the advertising region that is filled


C. Space within the advertising region that is colorful


D. Space within the advertising region that is left unmarked and unfilled

Answers

Answer:

D. Space within the advertising region that is left unmarked and unfilled

Explanation:

Hope this helps!!

The meaning of the word  white space in advertising refers to Space within the advertising region that is left unmarked and unfilled. Thus, option (D) is correct.

What is Advertising?

Advertising is a marketing strategy that involves paying for advertising space to sell a product, service, or movement. Marketing messages, or ads for short, are the real commercial messaging.

Advertising's purpose is to contact those who are most likely to be ready to pay for a company's goods or services and convince them to purchase them.

White space in a design is empty space or negative space that occurs surrounding all text in a design layout used in advertising. The space may seem to be empty, yet it is most likely the most crucial aspect of how the design seems to the human eye.

Therefore, it can be concluded that option (D) is correct.

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A bank manager argues that everyone has equal access to home loans, and if they cannot get one it is based on lack of effort, not race. Which colorblind ideology does this exemplify

Answers

Answer:

A. abstract liberalism

Explanation:

Since in the question it is mentioned that the bank manger said that the everyone should access to home loans but if it is not done than the reason would be the lacking of effort not race so this represent the abstract liberalism as everyone provides the equal opportunity irrespective of the race, religion, culture they belongs

Hence, the correct option is A.

Pretend that you are being interviewed. Describe to your potential employer how you have exhibited the soft skills described as a high school student.

Answers

Answer:

I developed my soft skills of communication by talking to my friends often - I offered advice when they needed, constructive criticism when I noticed there were important things they needed to work on (of course, after being asked for feedback), I was able to tell how they feel based on their body language alone and help them out when they needed help.

As a high school student, I also had a lot of opportunities to do public speaking in front of my class which I believe improved my soft skills significantly and made me more confident in myself.

Thanks to various school assignments, I developed and improved my critical thinking which is crucial for any job in the future. I believe I am more independent now and can make sensible decisions on my own and/or as part of a team. Teamwork is important, which is why I worked hard on developing that skill as well.

I am always willing to learn and improve, which I believe is an important skill any employee should have.

Please help
What is the best social media site to use if you want to do professional networking? MySpace
FB
LinkedIn
Twitter

Answers

Answer:

Linkedin

Explanation:

Linkedin Is an awsome way to get your name out there and be mad known and also to communicate with others in the profession you would like to go into :)

Answer:

LinkedIn

Explanation:

URGENT!!!
What are the share of earnings that a business owner pays for the right to be part of a certain business called?

fringe benefits

proprietor’s rights

royalties

special rights fees

Answers

Answer:

royalties

Explanation:

In a _____ plant strategy, plants have the flexibility and capability to produce a range of products. This leads to greater responsiveness to market changes, though at slightly lower levels of productivity.

Answers

Answer:

The correct answer is general-purpose.

Explanation:

When it comes to general-purpose plant strategies, it allows plants to be more flexible than usual and produce a whole variety of products, instead of just focusing on one or few products. This way, plants can diversify easily and cater to their clients' needs and be far more productive and successful.

Which financial statement reports the company's revenues and selling costs over a period of time?

Answers

Answer:

Income Statement

Explanation:

The income statement is among the three financial statements that a business prepare at the end of a period. It reports on business profitability.

An income statement has three parts,

The revenue section that lists all sources and the amounts of revenues for the period. Revenues include discounts received and purchase returns. The expenditure section indicates all the expenses the business incurred in generating its revenues.The income section tells whether the business made a loss or a profit.  It is the difference between the revenue and the expenses.  

Provide 10%interest on capital value rs 2 lakh

Answers

The answer is 12 percent total

Answer:

show time at first there

If a checking account has an interest rate of 1% and a government bond has an interest rate of 2%, the opportunity cost of holding the checking account as money is:

Answers

Answer:

the opportunity cost of holding the checking account as money is 1%

Explanation:

The computation of the opportunity cost of holding the checking account as money is shown below:

= Interest rate on the government bond - interest rate on checking account

= 2% - 1%

= 1%

Hence, the opportunity cost of holding the checking account as money is 1%

We simply applied the given formula so that the correct percentage could come

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level). Group of answer choices

Answers

Answer:

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).

Explanation:

The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year.  On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.

Please help i will give brainliest
Approximately how many people in the world have FB accounts?

50.4 million
1.7 billion
100 million
3.5 billion

Answers

Answer:

the answer is 3.5 billion i think

Answer:

3.5 billion

Explanation:

How does a fixed exchange rate set the value for a currency?
A. By setting it at a specific value based on another currency
B. By adjusting the price based on the supply and demand for it
C. By comparing the terms of trade between multiple countries
D. By evaluating the overall economic health of different countries

Answers

A fixed exchange rate set the value for a currency by setting it at a specific value based on another currency. Thus the correct answer is A.

What is currency?

A currency is referred to as a form of money that is utilized for buying and selling goods. This currency differs in value from country to country. A fixed exchange rate system is one in which the value of one currency is equal to the valuation of another common currency.

Two currencies from different countries will be shared at an equal price with the help of a fixed exchange rate, the prices of the currency will fluctuate based on the factors like demand and supply as well as inflation.

Therefore, option A by setting it at a specific value based on another currency is appropriate.

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Answer:

A. By setting it at a specific value based on another currency

Explanation:

The phrase leadership praise followers in public private is really a statement concerning what two important parts of communication?

Answers

The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?

Answer:

Encoding and Decoding

Explanation:

The two important parts of communication in this situation is known as Encoding and Decoding

Here the Encoding means that the sender that is leader, sends the message that is praise in the public, to an effect, that is using certain symbols including actions, words, etc, such that the receiver can quickly grab the message.

At the same time, with the Decoding, the receiver that is followers quickly understood the message, that is praise in the public or punishment in the private, in a way that the meaning of the message is not lost.

Hence, in this case, the correct answer is Encoding and Decoding.

After hearing an announcement made by a major soft-drink company, the APCS Soft Drink Company has decided to hire you to write a similar program to run their next-generation soda machine (which is still being developed). The concept behind this machine is that people buy more soft drinks when the weather is hot; and they will pay higher prices for their soft drinks at those times. This is an example of how supply and demand influences prices.

Answers

Answer:

Yes

Explanation:

Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.

Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?​

a. 1 1/2
b. 2
c. 3
d. 10

Answers

Answer:

b. 2

Explanation:

Simple interest is calculated using the formula

I = p x r x t

Where p= principal amount

r= interest rate

t= time in years

Mary invested $200, at 5% for three years. She earned a simple interest of;

I= $200 x 5/100 x 3

=$200 x 0.05 x 3

=$30

If John received the same amounts, It means

$30= $300 x 0.05 x t

$30 = $15t

t= $30/$15

t=2

Time is 2 years

If you are planning to put up a business what is the first thing that you should do to make your business successful

Answers

Great capital or decorative shop or good advicer

Why would a bank be more likely to make a loan to someone with a FICO score of 750 rather than someone with a score of 500? a) The higher the score, the greater the interest rate the lender can charge the borrower b) The closer the score to zero, the less the person owes in debt to other companies c) The higher the score, the less risk to the lender that the borrower will be past due on their payments d) None of the above

Answers

Answer:

c) The higher the score, the less risk to the lender that the borrower will be past due on their payments

Explanation:

Fair Isaac Corporation scores are used to measure the creditworthiness of a borrower. The higher the credit scores, the higher the chances of the borrower paying back what was borrowed. Credit scores are in ranges. Credit scores below 500 are rated as Poor and indicates that the borrower's chances of returning what was borrowed are very low.

Credit scores between 740-799 are rated as very good and indicate that the borrower would be prompt in the repayment of his loan.

Answer: the higher the score, the less the risk to the lender that the borrower will be past due on their payments

Explanation:

What are the eight differences between personal selling (direct contact) and non-personal selling (indirect contact, such as Internet sales)?

Answers

Answer:

see below

Explanation:

Personal selling is popularly known as a face to face selling or direct selling. In personal selling, the salesperson engages a potential customer in a conversation to persuade them to buy. This type of selling requires the physical presence of a salesperson engaging in a one-on-one conversation with the clients. Its success largely depends on the selling skills of the salesperson.

Non-personal selling is the use of advertisements to persuade customers to buy. There is no direct meeting between the seller and buyer; hence the term indirect, impersonal, or non-personal selling. Non-personal selling uses print media, broadcast media, and digital platforms to reach out to customers.

Joe and Janice run an accounting firm. The firm receives $5,000,000 as income from its services. It pays an annual rent for office premises amounting to $240,000. The salary paid to staff amounted to $100,000. Other operating expenses added up to $24,000. What is the net income earned by their business? The total expenses of the accounting firm amounted to $ . Thus, the net income earned by the business is $ .

Answers

Answer:

Expenses:  $364,000.00

Net income :  $4,636,000.00

Explanation:

The total expenses will be the sum of

Rent     $240,00.00

Salaries     $100,000.00

Operating expenses   $24,000.00

Total expenses   $364,000.00

Net income is the total revenue - total expenses

=$5,000,000.00  - $364,000.00

=$4,636,000.00

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $45,200. The vehicle has an estimated 7-year life and a $3,900 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method

Answers

Answer: $33,400

Explanation:

The annual depreciation using the straight-line method is;

= (Cost - Residual value) / Useful life

= (45,200 - 3,900) / 7

= $5,900

On December 31, 2020, the vehicle would have depreciated by 2 years so the book value would be;

= Cost - Accumulated depreciation

= 45,200 - (5,900 + 5,900)

= $33,400

On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a fair market value of $116,000. In recording this transaction, what amount should be allocated to APIC - CS?

Answers

Answer:

$76,000

Explanation:

Equipment Fair Value = $116,000. Thus, total value of shares issued is same.

No of common shares issued = 4,000

Price per share issued = 116,000/4000 = $29/shares

Par value per share = $10

Total Par Value of Shares issued = 4,000*$10 = $40,000

Amount in excess of par per share = $29 - $10 = $19

Total Amount to be credited in APIC-CS = $19 * 4000 = $76,000. Thus, amount to be allocated to Additional Paid In Capital-CS = $76,000.

What are 2 different payments relating to insurance that are used for almost all kinds of insurance?

Answers

Answer:

credit or debit?

Explanation:

When the source data is final and will not be edited, you can use a static consolidation.
(TRUE OR FALSE)

Answers

Answer:

False

Explanation:

Data consolidation is a command that summarizes information from multiple excel worksheets and combines them in a single consolidated worksheet.  The command does not affect the original data. Consolidation is either static or dynamic.A change in the origin or source worksheets does not reflect in the consolidated worksheet in static consolidation. Dynamic means that a change in the source worksheets will be updated in the consolidated data automatically.When the source data is final and will not be edited, dynamic consolidation is applicable.

Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

Answers

Answer:

human-centered

Explanation:

human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

What is resouces??.?​

Answers

Answer:

resources are a type of knowledge used in the mind and/or brain. basically gathering information from sites, text, stories, books, etc.

Explanation:

Question. Why do people enjoy eating candy and snacks? Why do you enjoy eating candy/snacks?

Answers

Sugar activates dopamine in the brain, which makes you feel happy and it’s a sort of reward

If customer satisfaction is a criterion for decision making, then customer satisfaction
a. Will be all that matters in the decision making process
b. Will be considered in the decision making process
C. Will not be considered in the decision making process
d. None of the above

Answers

I’m going to go with b. Will be considered in the decision making process.

I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.

If customer satisfaction is a criterion for decision making, then customer atisfaction, will be considered in the decision making process. This is further explained below.

What is decision-making?

Generally, The process of choosing choices by recognizing a decision, acquiring information, and evaluating possible answers is known as decision making.

In conclusion, when a customer's satisfaction is a decision-making criterion, then customer satisfaction will be taken into account in the decision-making process.

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Juwan eagerly opened an online trading account, believing that his market savvy would allow him to pick stocks that would make him a rich day trader. This belief best illustrates... a scientific attitude a scientific attitude critical thinking critical thinking overconfidence overconfidence hindsight bias

Answers

Answer:

overconfidence

Explanation:

Since in the question it is mentioned that the Juwan who early opened an online trading account and he believed that his market savy would permit him to pick up the stocks so that he could become richer trader

But this represents that he is overconfidence as he believe himself more than his judgments i.e. not appropriate as the overconfidence destroy the things

Therefore the same is to be considered

Which aspect of organizing Is concerned with dividing a large task Into smaller tasks and assigning the tasks to the right employees? __________, which is an important part of the organizing function, Includes dividing a large task Into smaller tasks and assigning the same to the right employees.

Answers

Answer:

i think its division of labor but im not sure

Explanation:

its right on edmentum/plato i just took the test

Answer:

division of labor

Explanation:

plato answer

Does CG5 have a second channel or is it just the one?

Answers

Answer:

Just one

Explanation:

Answer:

i will check the channel of CG5

Explanation:

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