Assume a decreasing-cost perfectly competitive industry. Which of the following statements is true?
A. Firms will earn economic profits in long-run equilibrium.
B. The short-run market supply curve is upward sloping; the long-run supply curve is horizontal or perfectly elastic.
C. As industry output expands, there are fewer firms producing in the long run.
D. As industry output contracts, each firm's long-run average total cost curve shifts upward.
E. Input prices rise as the industry produces more output.
Answers
As industry output contracts, each firm's long-run average total cost curve shifts upward is true for a decreasing-cost perfectly competitive industry.
In macroeconomics, an industry is a division of an economy that creates a group of commodities, services, or raw resources that are closely tied to one another. Industry classifications often employ a company's or group's major income source to categorize it inside a certain industry when assessing it.
Following that, industry is described as "a group of statistical units that fall under the same ISIC category." A single company need not, however, be confined to a particular industry, as is the case when a sizable corporation that is sometimes referred to as a conglomerate diversifies across many sectors.
Hence the correct option is D
To know more about Industry here-
https://brainly.com/question/7721379
#SPJ4
Related Questions
Which helps enable an oligopoly to form within a market?
(i) The government restricts market entry.
(ii) Costs of starting a competing business are too high.
(iii) The number of options in the market confuses consumers.
(iv) No competition exists between producers.
Answers
There are multiple factors that can enable an oligopoly to form within a market, but two of the most significant are (i) the government restricts market entry and (ii) costs of starting a competing business are too high.
When the government imposes barriers to entry, such as through restrictive regulations or licensing requirements, it can make it difficult for new competitors to enter the market. This allows existing firms to maintain their dominant positions and potentially form an oligopoly with other large players.
Similarly, when the costs of starting a business are too high, it can be challenging for new entrants to compete with established players. This can occur due to high capital requirements, economies of scale that favor larger companies, or other factors that make it difficult for new entrants to gain a foothold in the market.
To know more about oligopoly, visit:
brainly.com/question/14093864
#SPJ11
People who live entirely within an urban environment ________. People who live entirely within an urban environment ________. are never provided enough quality housing, even for those who can afford it have too many luxury goods at too expensive a price have insufficient choices for activities and lifestyles may become disconnected from nature and from the true costs of their needs and activities pay less for food and gasoline than rural areas
Answers
Answer: may become disconnected from nature and from the true costs of their needs and activities
Explanation:
People who live entirely within an urban environment may become disconnected from nature and from the true costs of their needs and activities.
Unlike those in the rural areas which are connected to nature, thus isn't thesame those lining entirely in an urban area such as a large city. Also, with regards to the prices of the goods being bought, there may be some hidden cost that can't be seen in the price of the good in the market.
Which is the best general statement about the role of government in business in the United States? O A. Government determines what goods and services are produced. B. Government acts to allow markets to function efficiently. C. Government owns the resources of production. D. Government has no role in business.
Answers
An employer MUST informed the other employees the cause of the accident T/ F An employee MUST show OSHA how they address the accident T/ F
Answers
False, an employer is not required to inform other employees about the cause of an accident. However, it is generally considered good practice for employers to communicate relevant information regarding workplace accidents to ensure transparency and promote a safe work environment.
False, an employee does not need to show the Occupational Safety and Health Administration (OSHA) how they address an accident. OSHA's role is to enforce workplace safety regulations and conduct inspections to ensure compliance. If an accident occurs, it is the employer's responsibility to report the incident to OSHA and take appropriate measures to address any safety concerns or hazards identified during the investigation.
It is important for employers to have policies and procedures in place to investigate and address accidents promptly and effectively. This includes conducting internal investigations, implementing corrective measures, and providing necessary training to prevent similar incidents in the future.
Learn more about important here
brainly.com/question/12797422
#SPJ11
The rule of law is important because it _______. In regard to governments, the rule of law _______.
BLANK 1:
protects citizens from crime and justice
helps reduce the number of Supreme Court cases
ensures that an innocent person is not accused of a crime
BLANK 2:
applies to them in only certain cases
applys to them equally
does not apply to them
Answers
Blank 2. Applies to them in only certain cases
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpWhich careers are expected to have average growth between 2010 and 2020? Check all that apply.
Answers
Answer:A,B,E,F
Explanation:
FOREIGNERS WHO WANT TO BUY CANADIAN EXPORTS OR WHO TRAVEL IN CANADA DEMAND FOR INDIAN CURRENCY. True False
Answers
False. Foreigners who want to buy Canadian exports or travel in Canada would typically demand Canadian currency, not Indian currency. When engaging in transactions or traveling in a particular country, individuals generally require the local currency to facilitate their purchases or expenses.
In this case, individuals interested in Canadian exports or visiting Canada would require Canadian dollars. The demand for a country's currency is driven by the need to pay for goods, services, or travel expenses within that specific country. Therefore, foreigners seeking to engage in transactions or travel in Canada would need Canadian currency to fulfill their financial obligations. Indian currency, on the other hand, would be relevant for individuals seeking to purchase Indian exports or travel within India. The specific currency demanded is determined by the country in which the transactions or travel take place.
To know more about Canadian exports visit-
https://brainly.com/question/32784441
#SPJ11
Select the examples that best demonstrate likely tasks for Administration and Information Support workers. Check all that apply. Elizabeth helps employees and managers negotiate employee pay. Bart types information into a computer database. Phuong works on a research project and creates a report for her boss. Anton answers phone calls and greets guests who visit a company. Nikki creates a company budget. Bryce thinks of an idea for how to advertise a product.
Answers
Answer:
Bart types information into a computer databasePhuong works on a research project and creates a report for her boss.Anton answers phone calls and greets guests who visit a companyExplanation:
Administrative and Information Support workers provide support to the company's executives and management. This support includes general office management, welcoming and guiding visitors, answering phone calls, assisting and responding to clients queries, and clerical work. They also do data entry and records maintenance.
Administrative and Information Support workers require Strong administrative and multi-tasking skills to execute their mandate effectively.
The Answer is
B, C, and D
Which of the following would be a business selling the same thing in another country?
Answers
if I'm wrong please give more details? and ice cream parlour?
Answer:
I think cafe or Hotel will be the best business in another county.
A major advantage of a ________ strategy is that the company does not tie its reputation to the product.
A) blanket family name
B) licensing
C) separate family brand name
D) category extension
E) brand revitalization
Answers
A major advantage of a C) separate family brand name is strategy is that the company does not tie its reputation to the product.
One major advantage of using a separate family brand name strategy is that the company can avoid tying its reputation solely to one product or product line. By using a separate brand name for each product line, the company can build a reputation for quality and reliability across a range of products, which can be particularly important in industries where consumer preferences and trends can shift quickly.
Additionally, using a separate family brand name strategy can also allow the company to differentiate its products more effectively and target different customer segments more precisely. Overall, using a separate family brand name strategy can help a company build a strong, diversified brand portfolio that can withstand changes in the market and maintain its reputation over time.
Learn more about customer segments here:
brainly.com/question/30722461
#SPJ11
The stated interest payment, in dollars, made on a bond each period is called the bond's?
Answers
The stated interest payment, in dollars, made on a bond each period is called the bond's Coupon.
Payment is the act of giving or being paid money to someone. He tried to get paid for the amount owed to him. [ + of ] [Also + of] Synonyms: Claim, Payment, Relief, Display Synonyms for payment.
For TDS payments, the relevant payment type is defined by the department along with the relevant tax rate, section, payment code, and threshold. When creating a TDS payment type, you can press Ctrl+C and select the required payment type.
A payment method is how a customer pays for a product or service. Physical stores accept payment methods such as cash, gift cards, credit cards, prepaid cards, debit cards, and mobile payments.
Learn more about Payment here https://brainly.com/question/2151013
#SPJ4
hello everyone hows you day i need help
Answers
Answer:
Fine and yours
Explanation:
How can we help you.
Jenkins Inc., prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables of $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have?
Answers
Answer:
$18,334
Explanation:
Given the following :
Cash worth = $1,234
Inventory worth = $13,480
Accounts receivable worth = $7,789
Net fixed asset = $42,331
Other assets = $1,822
Accounts payables = $9,558
Notes payables = $2,756
common stock = $22,000
Retained earnings = $14,008
Long term debt :
Total asset - current liability - stockholders equity
Total asset =current asset + net fixed asset + other asset
Current asset = cash worth + inventory worth + accounts receivables
Current asset = $(1234 + 13480 + 7789) = $22503
Total asset = $(22503 + 42331 + 1822) = $66656
Current liabilities = Accounts payables + notes payables
Current liabilities = $(9558 + 2756) = $12314
Stockholders equity = $(22,000 + 14,008) = $36,008
Long term debt :
Total asset - current liability - stockholders equity
$(66656 - 12314 - 36008) = $18,334
Read the graph.
A graph titled Renewable Energy Consumption by Source from 1949 to 2011 shows years on the x-axis, from 1950 to 2011, and Quadrillion B t u on the y-axis, from 0 to 4. The graph shows the usage for hydroelectric power, wood, biofuels, wind, and other. Hydroelectric power has the highest usage, and wind has the lowest usage.
Which power source has been least consumed?
wood
wind
biofuel
hydroelectric
Mark this and return
Answers
Based on the graph titled Renewable Energy Consumption, we can deduced that Wind energy is the power source which has been least consumed. The Option B is correct.
How is Wind energy an efficient power source?Wind energy is a renewable energy source. It is non-polluting, infinite, and reduces the use of fossil fuels, which are the source of greenhouse gases that cause global warming.
Furthermore, wind energy is a "native" energy because it is available almost everywhere on the plant, which helps to reduce energy imports while also creating wealth and local employment. For these reasons, wind energy production and efficient use contribute to sustainable development.
For a wind turbine to be 100% efficient, all of the energy available in the wind would be converted into electricity. That is, all the energy in the wind would be transformed and the air would stop moving and this is not possible in practice because a rotor only spins if the wind passes over the blades.
Read more about Wind energy
brainly.com/question/2031508
#SPJ1
Consider the relationship between monopoly pricing and the price elasticity of demand.
If demand is inelastic and a monopolist raises its price, quantity would fall by a (smaller, larger) percentage than the rise in price, causing profit to (increase, decrease). Therefore, a monopolist will (always, never, sometimes) produce a quantity at which the demand curve is elastic.
Use the purple segment (diamond symbols) to indicate the portion of the demand curve that is inelastic. (Hint: The answer is related to the marginal-revenue (MR) curve.) Then use the black point (plus symbol) to show the quantity and price that maximizes total revenue (TR).
Answers
If demand is inelastic and a monopolist raises its price, quantity would fall by a smaller percentage than the rise in price, causing profit to increase. Therefore, a monopolist will sometimes produce a quantity at which the demand curve is elastic.
In terms of the graphical representation, the purple segment (diamond symbols) would represent the portion of the demand curve that is inelastic. This segment corresponds to the price range where the monopolist can increase prices and still maintain a relatively stable quantity demanded due to the inelasticity of demand.
To show the quantity and price that maximize total revenue (TR), we can identify the point on the demand curve where marginal revenue (MR) equals zero. This is the point where total revenue is maximized. The black point (plus symbol) would represent this quantity and price.
Please note that without specific data or a graph provided, it is not possible to pinpoint the exact location of the purple segment and the black point on the demand curve. The positions would vary depending on the specific circumstances and elasticity of demand for the monopolist's product.
To know more about monopolist click here:-
https://brainly.com/question/7217942
#SPJ4
The shelf life of milk is 7 days. You have 22 gallons on hand. You normally sell 4 gallons each day. Do you expect to have to throw out any milk?
Answers
Explanation: You will throw away no gallons of milk because if you sell 4 gallons every day then 7 times 4 equals 28 so you will only work for 5 an a half days.
Answer:
B
Explanation:
Which two types of information can be found on a profit and loss statement?
Answers
The two types of information can be found on a profit and loss statement are:
C) revenuesD) ExpensesWhat is profit and loss statement?A profit and loss statement, also known as an income statement, is a financial report that shows a company's revenue, expenses, and net income over a specific period of time, such as a month, quarter, or year. The purpose of the statement is to provide insight into the financial performance of the business and to assess its profitability.
The profit and loss statement typically includes theRevenue which is the is the total amount of money earned by the business from sales or services provided during the specified period.
Learn more about profit and loss statement at:
https://brainly.com/question/2570372
#SPJ1
check the missing options:
A) assets
B) liabilities
C) revenues
D) Expenses
What are some factors that would influence supply? Explain
Answers
Answer:
6 Factors Affecting the Supply of a Commodity (Individual Supply) |
Price of the given Commodity: ADVERTISEMENTS: ...
Prices of Other Goods: ...
Prices of Factors of Production (inputs): ...
State of Technology: ...
Government Policy (Taxation Policy): ...
Goals / Objectives of the firm:
Explanation:
Please mark as brain list
ESTIMATING COSTS
ACTIVITY 1- Scenario: Margaret has recently opened up her own
Beauty Salon in Abu Dhabi. She has been operating for the last 6
months as a sole trader.
List Margaret's costs for her business below:
Fast plz
Answers
Answer:
Opening your own hair salon is a milestone for any hairdresser. You may be wanting to open a salon so that you are self-employed. You may also be wanting to provide your own clients with services that align with your vision of what a hairdressing experience should be. However, opening a hairdressing salon is a big responsibility, even if you have previous experience in the hairdressing industry.
One of the most important things you will need to consider when planning to open a hairdressing salon is how to structure your business. Your business structure is the legal framework of your business. It has the potential to reduce your exposure to financial risk and enable flexibility for growth. The wrong business structure for a new business may be costly and may not be suited to your business goals. This article considers four popular business structures and their suitability for hairdressing businesses.
1. Sole Trader
If you are starting a hairdressing salon on your own or are wanting to freelance, you may choose to operate as a sole trader. As a sole trader, you will have full control and autonomy of the running your business. This structure is usually relatively easy and cheap to set up. It also has minimal legal formalities.
To set up as a sole trader, you will need an Australian Business Number (ABN). If you intend to trade under your own name, then you don’t need to register a business name. However, if you plan to operate under a different name, you simply need to register a business name with the Australian Securities and Investments Commission (ASIC).
Although it has an easy setup, this structure does come with risk. If any of your clients sue you or you incur any debts, you will be personally responsible. This means that if you can not repay these debts from the funds of the business, you will have the repay the debt from your own personal finances.
Also, as a sole trader, you have limited resources available to fund the growth of your business. You will need to rely on:
personal savings;
loans; and
business profits.
You cannot raise funds from the general public. Being a sole trader may also not be the most tax-effective decision. This is because a sole trader is liable to the same tax rate applicable to individual taxpayers on income earned. You should check this with an accountant or tax lawyer.
2. Partnership
If you plan to open your hairdressing salon with one or more business partners, you may choose to enter into a partnership. Similar to a sole trader, the setup is simple and has minimal upfront costs. You will require an ABN for the partnership and most partnerships also register a business name.
It is also important for the partners to enter into a partnership agreement. This agreement governs the relationship between partners and sets out key terms, which may describe:
how the business will be managed;
how the profits will be shared;
who will fund the partnership;
how you or your partners can sell your share in the business; and
the process for managing disputes.
However, setting up a partnership also comes with risks. Like a sole trader, if someone sues you or you go into debt, your personal assets and finances will be at risk.
Additionally, partnerships involve joint liability. Therefore, you may be personally liable for business debts owed by any of the other partners. The amount owed is not divided proportionally according to your percentage of ownership in the business, so you could be responsible for paying the entire amount.
Like a sole trader, you cannot raise funds from the general public to fund the growth of your business. You will need to rely on:
the savings of each partner;
loans; or
business profits.
However, unlike a sole trader, you can look to bring on more partners to increase the pool of funds available for the business.
3. Company
Whether you are operating your hairdressing salon on your own or with other business partners, you may decide to operate as a company. A company is a separate legal entity. This means it is capable of suing and being sued. It also holds assets in its own name and can enter into contracts in its own name.
There are two key players involved in the management of a company. These are shareholders and directors. As the founder of your business, you will usually be both a shareholder and a director of the company that you establish. Any other business partners may also take on these roles.
hope it helps
expain what is debt in a 70 word paragraph
Answers
Answer:
Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).
Answer:
Debt is amount of money borrowed by one party, from another. Debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at later date, usually with interest. In simple word it money borrowed from another, for something you can't afford. If you are in or get in debt, you owe money. If you are out of or get out of debt, you paying all the money that you owe.
Playbill magazine reported that the mean annual household income of its readers is $119,155 (Playbill, January 2006). Assume this estimate of the mean annual household income is based on a sample of 80 households and, based on past studies, the population standard deviation is known to be $30,000. [15 pts] a. Develop a 90% confidence interval estimate of the population mean. [5 pts] b. Develop a 95\% confidence interval estimate of the population mean. [5 pts] c. Develop a 99\% confidence interval estimate of the population mean.
Answers
Estimate population means annual household income using sample data, using confidence intervals at 90%, 95%, and 99%.
a. For a 90% confidence interval, we can use the formula:
Confidence interval = sample mean ± (critical value * standard error)
The critical value for a 90% confidence level is obtained from the t-distribution with degrees of freedom (n - 1).
With a sample size of 80, the degrees of freedom are 79. The standard error is the population standard deviation divided by the square root of the sample size.
b. Similarly, for a 95% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
c. For a 99% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
By plugging in the values and calculating the confidence intervals using the formulas mentioned above, we can obtain the range of the population mean at each confidence level.
In summary, confidence intervals are constructed to estimate the population's mean annual household income.
The intervals at 90%, 95%, and 99% confidence levels provide ranges within which the true population mean is likely to lie, based on the given sample data and known population standard deviation.
learn more about income here
https://brainly.com/question/14732695
#SPJ11
Taking money to allow someone to get what they want is a(n) ___ choice
ethical
unethical
neither
Answers
Answer:
its b, unethical
Explanation:
fix your grammer
Answer:
Unethical
Explanation:
Imagine yourself later on down the line knowing that you did something that you can't undo. Think before you react!!! People are challenged every day, but it's up to you to make that right decision.
When demonstrating 2022 maxima’s confident cornering, what should you point out?
Answers
Based on driving analysis when demonstrating 2022 maxima’s confident cornering, things to point out include "How quickly Maxima responds to steering input."
The other things to point out when demonstrating 2022 maxima’s confident cornering include the following:
How level the vehicle stays.The minimal understeer when cornering.Maxima 2022 is one of the latest automobiles vehicle models from Nissan automobile manufacturer.
The Maxima 2022 is designed to meet the latest and modern driving standards that provide ease of navigation.
Maxima 2022 is expected to cost around $37,240.
Hence, in this case, it is concluded that Maxima 2022 is an excellent vehicle to consider buying.
Learn more about vehicles here: https://brainly.com/question/21927146
A message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request
Answers
Answer:
D) information or action
Explanation:
These are the options for the question
A) settlements to claims
B) recommendations
C) adjustments
D) information or action
E) references
Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.
When sending a routine email
that give recognizion for a job that is well done, the following should be included;
✓rationale that state work important of the work.
✓closing statement which encourages continued excellence.
✓specific descriptionthat explain purpose of the message.
It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action
All of the following are ineligible issuers according to SEC Rule 164 except:
Shell companies
Blank check companies
Penny stock issuers
OTC stock issuers
Answers
All of the following issuers are ineligible according to SEC Rule 164: shell companies, blank check companies, and penny stock issuers. However, OTC stock issuers are not considered ineligible under this rule.
Explanation: SEC Rule 164 outlines the eligibility requirements for certain securities offerings. It aims to protect investors by establishing criteria that issuers must meet to ensure transparency and reduce the risk of fraudulent activities. According to this rule, shell companies, which are entities with no or nominal operations, blank check companies, which are companies without a specific business plan or purpose, and penny stock issuers, which typically trade at low prices and have limited market liquidity, are considered ineligible issuers.
On the other hand, OTC stock issuers, referring to companies whose stocks are traded over-the-counter rather than on a centralized exchange, are not explicitly listed as ineligible under SEC Rule 164. While OTC stocks may have their own regulatory requirements and considerations, they are not automatically excluded from eligibility under this particular rule.
Learn more about OTC stock here:
https://brainly.com/question/31686107
#SPJ11
Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities. What are your top priorities in choosing a home? What do you feel is unimportant in a home? Based on your priorities, what type of house do you think you'd be likely to buy?
Answers
Answer:
1:if i have enough money for the purchase.
2:if it suits my personal attributes.
In the United States, currency includes? A) gold, silver, and paper money. B) checking and savings account deposits. paper money and coins in circulation D) traveler's checks.
Answers
In the United States, currency includes paper money and coins. The correct answer for your question is C) paper money and coins in circulation.
Paper money, also known as banknotes, consists of various denominations of bills issued by the Federal Reserve, the central banking system of the United States. Coins, on the other hand, are produced by the United States Mint and are made of metal. Both forms of currency are used as a medium of exchange and a store of value.
While gold and silver have been historically used as currency, they are no longer considered legal tender in the United States. As for checking and savings account deposits (B), they represent electronic forms of money and are not considered physical currency. Lastly, traveler's checks (D) are a type of pre-printed, fixed-amount money substitute used primarily for international travel, and they are not a standard form of U.S. currency.
In summary, the U.S. currency includes paper money and coins in circulation, which serve as a widely accepted medium of exchange for goods and services. Other forms of value, like account deposits and traveler's checks, have specific functions but are not considered standard currency in the same way as paper money and coins. The correct answer for your question is C) paper money and coins in circulation.
For more about paper money and coins.
https://brainly.com/question/31681010
#SPJ11
Hiring people because they have great potential for leadership within the
company shows that HR is aware of the need for
A. hiring young people
B. succession planning
C. duplicating skill sets
OD. workforce forecasting
Answers
Hiring people because they have great potential for leadership within the company shows that HR is aware of the need for workforce forecasting. The Option D is correct.
Why is workforce forecasting important for HR department?The process of HR forecasting involves determining how a company's staffing requirements will change over time so that it can be ready to continue operating successfully. HR forecasting helps businesses decide whether to expand their workforce, cut back on employees, or reorganize job duties.
Since they handle hiring, onboarding, and training, HR departments are best suited to carry out this project. Because it helps organizations run responsibly and prevents costs from lost productivity or overstaffing, HR forecasting is crucial.
Read more about workforce forecasting
brainly.com/question/29608301
#SPJ1
Answer: succession planning
Project: Income Statement
This project will focus on creating and developing an income statement for two different businesses. Every business has revenue and
expenses that need to be recorded and accounted for. The task is to first review the revenue and expenses of each business and then
develop an income statement. Once the income statement is complete, you will see if the business had a net income or a net loss for
the month. During this project, you'll accomplish the following:
Answers
Answer:
The question is incomplete.
Explanation:
The question is incomplete.