Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.
Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.
Price=Average Total Cost Total Revenue is equal to total cost so there
is zero economic profit.
Price>ATC It means that firm is earning short run
economic profit.
Price<ATC It means firm is earning Short Run Economic
Loss
Price> Marginal Revenue It means firm has market power
Price>Marginal Cost Mark up
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Answer:
c. Exporting
Explanation:
Exporting strategy -
It offers the prospective of new markets , better profit , more sales and wider spread of customers .
The strategy can even make the person successful .
The strategy of export is based on the assessment of the position and the research into a promising opportunities .
Hence , from the options given , the most appropriate is the Exporting .
Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.
<h3>Word problems in algebra?</h3>
Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.
- In Mark Adler's current job, it was noted that he earns $1963.71 per month
However, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.
It implies that if he works for over 40 hours per week, he gets paid at the rate of:
For 40 hours, he will make 40 hr × $14.7 / hr = $588
Therefore, to make the same amount per week at his current job, he has to work for:
= $133.59 hours
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The answer is price sensitivity
I hope that helped
Answer:
$36,800
Explanation:
The total amount of interest expense included in the first annual principal
= Principal's balance × yearly interest rate
= $320,000 × 11.5%
= $36,800
The principal's balance after the first payment is
= $320,000 - $36,800
= $283,200
The interest expense included in the second payment is
$283,200 × 11.5%
= $32,568
