Business, 23.04.2020 16:20 shimonypuck28
Suppose that firms in a monopolistically competitive industry are making positive profits in the short run.
Select the correct answers below to describe what will happen in this industry in the long run.
Since profits are greater than zero, firms will enter/exit
As this occurs, demand for each firm will, increase/decrease/stay the same
This will continue until, profits increase/decrease/equal zero
At this point, P=ATC/P=MR/P=MC
Answers: 1
Business, 21.06.2019 17:10
Four analysts cover the stock of fluorine chemical. one forecasts a 6% return for the coming year. the second expects the return to be negative 6%. the third predicts a return of 8%. the fourth expects a 2% return in the coming year. you are relatively confident that the return will be positive but not large, so you arbitrarily assign probabilities of being correct of 35 % comma 8 %, 17 %, and 40%, respectively, to the analysts' forecasts. given these probabilities, what is fluorine chemicals expected return for the coming year
Answers: 3
Business, 22.06.2019 12:10
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
Business, 23.06.2019 04:31
Kubin companyβs relevant range of production is 24,000 to 31,000 units. when it produces and sells 27,500 units, its average costs per unit are as follows:
Answers: 1
Suppose that firms in a monopolistically competitive industry are making positive profits in the sho...
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