Florists in the town of Minerva, Illinois, operate in a monopolistically competitive market. The price in long-run equilibrium for a flower shop is _____, and output is _____, than would be the case for a perfectly competitive firm with an identical production function and cost curves.

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Answer 1

In a monopolistically competitive market, The price in long-run equilibrium for a flower shop is higher, and output is lower, than would be the case for a perfectly competitive firm with an identical production function and cost curves.

What is  monopolistically competitive market?

A monopolistic industry is one in which numerous businesses compete for the same products or services.

Entry and exit barriers are low in a monopolistic competitive industry, and one firm's decisions have little impact on its competitors.

Thus, it higher and lower.

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Related Questions

Describe the branding strategies used by Hormel and how Justin's products fit into the Hormel product line.

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The branding Strategy that was used by Hormel is known as the multi product branding.

What is branding?

It should be noted that branding simply means the process of creating a strong, positive perception of a company.

In this case, the branding srategy that was used by Hormel is known as the multi product branding.

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As the GDP of a developing nation increases, ____will also increase until the nation becomes wealthy enough to have resources to address the problem. a per capita pollution b welfare c population growth d crime

Answers

Answer:

per capita pollution

Explanation:

As the GDP of a developing nation increases, per capita pollution will also increase until the nation becomes wealthy enough to have resources to address the problem. a per capita pollution b welfare c population growth d crime

Stansfield Corporation had the following activities in 2020. Payment of accounts payable for $270,000. Issuance of common stock for $150,000. Payment of dividends $99,000. Collection of note receivable for $85,000. Issuance of bonds payable for $110,000. Purchase of treasury stock for $52,000. Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2020 statement of cash flows

Answers

The amount Stansfield should report as net cash provided (used) by financing activities is $109,000.

Computation of net cash provided (used) by financing activities

The amount Stansfield should report as net cash provided (used) by financing activities can be computed as follows:

Net cash provided (used) by financing activities = Issuance of common stock - Payment of dividends + Issuance of bonds payable - Purchase of treasury stock ………………. (1)

Substituting all the relevant values into equation (1), we have:

Net cash provided (used) by financing activities = $150,000 - $99,000 + $110,000 - $52,000

Net cash provided (used) by financing activities = $109,000

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You have just been hired by the u. S. Government to analyze the following scenario. Suppose the u. S. Agricultural industry is concerned about the level of fruit and vegetable imports to the united states, a practice that hurts domestic producers. Lobbyists claim that implementing a tariff on imports would shrink the size of the trade deficit. The following exercise will help you to analyze this claim.

Answers

To analyse this claim there has to be a shift in import. Import would go down as the dollar rises.

Why the tariff affects the size of the trade deficit

First of all there is going to be a right or outward shift in the exchange rate demand for the American dollars.

Therefore the value of the dollar is going to be on the rise. import is going to fall and there would be a rise in net export.

The outward shift of the demand curve would lead to a fall in exports based on the shifts in the exchange rate.

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Which of the following best describes the relationship between economic growth and energy use? a. increased energy use leads to increased economic growth. b. increased energy use leads to decreased economic growth. c. energy use is related to economic growth. d. energy use has no relationship to economic growth.

Answers

The relation between economic growth and energy use can be best described by the increased energy use leads to increased economic growth.

So, Option A is the right answer.

How do energy use and economic growth relate to each other?

There is a direct relationship between usage of energy and economic growth, that means, if energy usage rises, then economic growth also rises. On the contrary, if energy usage falls, then economic growth also falls.

The developed nations are having abundant resources which leads to more satisfaction among the public due to which they use more energy and finally impacted an increase in the overall economic growth of a country. The less-developed nations face a lot of struggle in satisfying the people due to having insufficient resources which result in the usage of lesser energy and ultimately created a decreasing impact on the economic growth.

Therefore, energy use and economic growth are interlinked with each other.

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Monopolies are socially inefficient because the price they charge is a. equal to marginal revenue. b. above marginal cost. c. equal to demand. d. above demand.

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Monopolies are known be be socially inefficient because the price that they charge for ther product equals to marginal revenue..

Why are Monopolies socially inefficient?

They are inefficient because their pricing method lead to a deadweight loss because they mostly forgoes transactions with the consumers.

Also, they become less innovative over time as they do nit have competitiors in a marketplace.

Therefore, the Option A is correct.

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What has changed in the recent past that now makes working from home a viable solution for business and workers?

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Answer:

Technology, and williness to work at home. Many laptops have become viable options to complete your work. An increase in better internet and wi-fi also helps with keeping people on task. Many people as well have found it better to work from home, and studies show that productivity have risen

Explanation:

I need a good answer to this by Friday. Research various sources or Web sites that can help an entrepreneur with writing a business plan.
Now create a "Top 10" list of these sources in a table. The first one has been done for you.
Discuss what your first choice of sources to use as an entrepreneur would be and explain why.

Answers

The Web sites that can help an entrepreneur in  writing a good business plan are:

The Economist.Forbes.com/entrepreneur.Under 30 CEO, etc.

What is a business plan?

A business plan is known to be a kind of written document that tells onw what they need to know about how a business can be run and also startup.

Concussively, Note that a business plan is regarded as the roadmap for any company in terms of marketing, financial standpoints, etc. The Economist will help the entrepreneur to know more about starting a business and what the market looks like.

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To raise money, a company is selling shares of dividend growth stock. What does the company most likely do with its earnings?.

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They usually Pay it all out to stockholders, four times a year.

PLEASE HELP !!
explain why you feel an entrepreneur or business should develop a business plan.

Answers

Answer:

See below...

Explanation:

When an entrepreneur or businessperson begins to develop an idea for a product or for the creation of a business, it is good that they have a plan. When they do not plan, their future does not have specific milestones to acheive. This can make things scary and chaotic, as it is necessary to know when and where you will do things. With a plan, the person has goals set, and they are not as overwhelmed by things that come their way. The plan gives an order to an otherwise chaotic idea.

Janice’s grandmother stayed at home and took care of her family while her grandfather worked. today janice lives on her own and has a full time job. what factor that affects the labor market is represented in this situation? a. population shift b. social change c. world event d. government action please select the best answer from the choices provided a b c d

Answers

The scenario shown by the fact that Janice lives on her own and works full time is B. Social change.

What is a social change?

This refers to when the roles assigned to different types of people, change as time goes on.

In the past, Janice's grandmother did not work and stayed home but now Janice works and stays alone.

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Answer: B. social change.

Explanation: I just did it on edge 2023.

Gnosis Inc. is an energy drink manufacturer. A white racing stag on a purple background is the logo on all of its drinks. When consumers see the logo, they immediately associate it with the brand. This increases the chances of them buying the energy drink. In this case, the logo of the brand is an example of a

Answers

Given that the logo of the brand is what makes people to buy when they see it, it is an example of a retrieval cue.

What is a retrieval cue?

This is the cognitive and the phsyical environment of a person that helps them to recall certain things.

The cue here helps people to but the brand of this drink because they have become so familiar with it.

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Halimax has recently been hired by numerous city governments to handle security at major sporting events. The hiring of Halimax rather than relying on the city police force is an example of ______.

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Outsourcing refers to the process of getting the work done through outside parties rather than relying on in-house team. Thus, hiring Halimax rather than relying on the city police force is an example of Outsourcing.

What do you mean by outsourcing?

Outsourcing is a business practice of hiring a party outside the company to perform services or create in-house goods that were processed in-house by the company's employees.

Employment is a practice that companies often do as a way to reduce costs.

Thus, The hiring of Halimax rather than relying on the city police force is an example of Outsourcing.

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As described in the chapter case, Uber uses the ________ revenue model. A. portal B. service provider C. market creator D. community provider E. transaction broker

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As described in the chapter case, Uber uses the service provider revenue model. A revenue model is a framework for generating financial income.

What is service provider revenue?

Companies deriving revenues from service offerings charge customers based on time, often on a project basis or as a retained service provider.

Therefore, Uber uses the service provider revenue model.

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A company has a maintenance contract with a fixed fee of $1,200 per month plus $75 per hour for each maintenance hour used. In a month where 20 maintenance hours are used, the total maintenance cost is $

Answers

The answer to your question would be $2700 :)

Silverwood Company is considering the following alternatives: Alternative A Alternative B Revenues $100,000 $200,000 Variable costs 30,000 50,000 Fixed costs 10,000 30,000 What is the incremental profit

Answers

Answer:

to find profit make

%profit =selling price + cost price ÷ cost price

A company operates in a competitive marketplace. They look to the market to determine their selling price. It looks like the market will bear a price of $227. The company has a goal of earning 10% return on sales on each unit. What would their target cost be

Answers

The target cost to the company is equivalent to $ 206.36 where the selling price as per market is $227 at a profit of 10%.

What is the meaning of target cost?

Target cost is the amount left after deducting the profit from the selling price. It is a cost of a product on which the seller adds their margin.

Given values:

Selling price: $227

Rate of return: 10%

Computation of target cost:

[tex]\rm\ Target \rm\ Cost=\frac{\rm\ Selling \rm\ price}{1+\rm\ rate \rm\ of \rm\ return} \\\rm\ Target \rm\ Cost=\frac{\rm\ \$ 227 }{1+10\%} \\\\\rm\ Target \rm\ Cost=\frac{\rm\ \$227}{1.10} \\\\\rm\ Target \rm\ Cost=\$ 206.36[/tex]

Therefore, the company gets the target cost of $206.36 if it wants to earn 10% at a selling price of $227.

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According to the authors of your textbook, buying the naming rights to a sports or entertainment venue (for example, Kroger Field) is a form of __________. Some other authors (including, perhaps, the authors of your MKT 300 textbook) say that it is a form of __________. Group of answer choices personal selling; public relations public relations; advertising advertising; sales promotion in-store marketing/design elements; public relations direct marketing; sales promotion

Answers

The correct answers to the given questions are sales promotion; public relations.

What is a Sales Promotion?

This refers to the creation of awareness for a particular brand or product by identifying a brand with it for better sales.

Hence, we can see that by buying the naming rights to a sports venue, it can be used as a form of sales promotion, and also some authors believe this is a form of public relations.

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Why should people be cautious when considering a loan with a variable
interest rate?
О
A. Borrowers are locked in at the rate that is offered.
О
B. The interest rate may increase after an introductory period.
C. The interest rate may decrease if more competitive rates are
offered
D. An annual percentage rate is not required on variable rates.

Answers

Answer: B - The interest rate may increase after an inductor period.

B. The interest rate may increase after an introductory period.

What Is the Danger of Taking a Variable Rate Loan?

Your lender can trade your hobby fee at any time. at the same time as this does present possibilities for lower interest quotes, you could additionally be assessed hobby at better costs that are increasingly developing. there may be no way of understanding what your future hobby fee exams could be underneath a variable fee agreement. Therefore, you can grow to be with insufficient coins glide to pay down monthly payments as the one's payments may also grow inside the future.

Interest costs are much more likely to decline all through periods of slower financial interest. To encourage business improvement and process advent, the Federal Reserve will often decrease fees which forces decreased borrowing prices for loans on a variable rate.

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What would you say is the key difference between a nft and an art print?.

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NFT art differs from traditional art in that it is entirely digital and can only exist in digital wallets on a specific blockchain. An art print, on the other hand, is an image on paper that does not exist on the digital wallets.

What is NFT?

A non-fungible token (NFT) is a non-transferable data unit that may be sold and traded on a blockchain, which is a sort of digital ledger.

Cryptocurrencies and physical money are both "fungible," meaning they may be traded or exchanged for one another.

In fact, anyone can make an NFT and sell it on a marketplace for NFTs.

Thus, NFT is the digital wallets and art print is the non digital wallet

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Target is seeking a new distribution system because A. competition from Amazon and Walmart is intense. B. it needs to speed up restocking. C. it wants to reduce inventory in stores. D. All of the above.

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The target is exploring a new distribution strategy aimed at speeding up re-cutting and making the seller more inclined as they compete with competitors such as Amazon and Walmart.

What new distributive strategy Target is focusing on?

Target is trying a new strategy to distribute products in its stores. The aim is to integrate the target completion cycle from days to hours and to reduce the number of goods in stores.

The center sends small items and often to stores while using the same inventory to fill online orders.

Thus, the correct statement is Option B.it needs to speed up restocking.

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Ms. Versini applied for a car loan from a bank. Which statement best describes the importance of Ms. Versini’s credit report to the bank?

Answers

The optimal response is statement F since it indicates the possibility that Ms. Versine will repay the entire amount on schedule.

As a fundamental time management tool, a schedule or timetable is made up of either a list of potential times for tasks, events, or actions, or it is made up of a series of events that are supposed to happen in the order that they are supposed to happen. Scheduling is the act of choosing how to prioritise resources among the various tasks that can be completed and how to arrange them on a schedule.

The person who is in charge of producing a certain schedule is sometimes referred to as a scheduler. Scheduling is a human activity that has been practised for ages. According to some scenarios, making plans is a form of life-skills education.

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What is the difference between renters insurance for the ""full replacement cost"" vs renters insurance for the ""cash value"" of your items?.

Answers

The difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.

What is renters insurance?

Renter's insurance is the property insurance that covers the (renter's) policyholder's personal belongings, liability, and some living expenses in case of a loss event.

With replacement cost renters insurance, the policyholder has sufficient funds to replace all insured belongings and other losses.

With cash value renters insurance, the policyholder can only recover the depreciated value of their assets.

Thus, the difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.

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Ski Shop sells a pair of skis to Tami. When Tami uses the skis, they snap in two. The cause is something that Ski Shop did not know about and could not have discovered. This is a breach of

Answers

There is a breach of implied warranty of merchantability when the sold skis snapped into two with unknown reason.

What is a breach of warranty?

It means the violation of either an express or implied contract of warranty.

The implied violation by the seller makes him liable for damages that occurs from the losses from the subject matter

Hence, there is a breach of implied warranty of merchantability when the sold skis snapped into two with unknown reason.

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What are the similarities and differences in advertisements of the 1950s and advertisements in the 21st century?

Answers

Answer: Most similarities are some can still be in newspapers, signs, and billboards . Some differences are techology use that was not invented back then, such as television, the internet, and social media . 

Explanation: hope this helps :)

Use what you have learned about wants and needs to complete these statements. frankie already has a pair of basketball shoes that he can wear for the tryout, which makes the new pair a . if frankie did not have a pair of basketball shoes for the tryout, the new shoes would be considered a .

Answers

Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.

What do you understand by the term need and want?

A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.

Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a Want.The new shoes would be considered a Need if Frankie did not have a pair of basketball shoes for the tryout.

Therefore, the above statement explains the want and the need.

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A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselectedFalse, unselected

Answers

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800 is false because the real pay at closing is $1,600.

What is mortgage?

A mortgage is a loan that is used to buy or to maintain a land, home, or other sort of real estate.

The borrower checks to refund the lender over a period of time, usually in an ordination of regular installments divided into principal and interest. The property is used as security for the loan.

According to the given information,

Mortgage Amount = $80,000

Points = 2

Let the 2 points is taken as a percentage:

Point 1 = 1%, and

Point 2 = 2%

Now, as we know that in the loan process, the amount of point is cyphered at the closing. Then, the closing cost is commuted as:

[tex]\text{Closing Cost Amount} =\text{Mortgage} \times \text{Points}\\\\\text{Closing Cost Amount} =$80,000 \times 2\%\\\\\text{Closing Cost Amount} =\$1,600[/tex]

Therefore, the given problem is false, that the borrower have to pay $800, he would have to pay only $1,600.

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Which strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others

Answers

Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.

What is operation strategy?

Operations strategy is the total path of company's or organization decisions making strategy which help to reshape the long-term capabilities of several operations and their contribution to the overall strategy to the growth of the firm.

Therefore, Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.

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In the 1970s, Kodak dominated the film-based photography market until Polaroid introduced instant photography. Polaroid is an example of Multiple Choice offshore suppliers. disruptive innovation. inertia. artificial intelligence.

Answers

The introduction of instant photography into her business makes Polaroid an example of disruptive innovation.

What is disruptive innovation?

Disruptive innovation serves as a kind of innovation which creates a new market and value network .

This value is usually created into the bottom of an existing market.

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If $81,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1 2 years

Answers

Answer:

C = $ 5064.61

Explanation:

You are given the present value of an annuity   PV = 81 000

5.1 %   is .051 in decimal form  

    quarterly, this is  i =  .051/4  interest per period (3 months)

4 1/2 years is    n = 18 periods

The equation to use is  ( you just have to look these up.....there are many different situations)

PV = C * {  (1-(1+i)^-n) / i }

Plugging in the above numbers results in:

C = $ 5064.61

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