In a monopolistic competition profits well in excess of costs are unlikely because

Answers

Answer 1
established rivals and new firms would lure customers away with slightly different and/or cheaper productsDescription

Related Questions

Marques owes 32 more payments on a loan that was originally a $20,000 5-year 6% apr loan with monthly payments. how much is his outstanding principal balance?

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Calculate the value, A, of the original loan.
A = 20000*(1 + 0.06/12)⁶⁰ = $26,977.00

Calculate the monthly payment
p = 26977/60 = $449.62

After 32 payments, the remaining value of the loan is
26977 - 32*449.62 = $12,589.27
The number of remaining payments is 60-32 = 28.
 
If x = the outstanding principal balance, then
x*(1 + 0.06/12)²⁸ = 12589.27
1.15x = 12.589.27
x = 10947.19

Answer: The outstanding principal balance is $10,947.19

Suri is graduating from college soon and has been contemplating her career choices. She is graduating with a bachelor’s degree in Graphic Design and worked as an intern at a company that promotes concerts. Her strengths include creativity, working well as part of a team, and strong verbal and written communications.



Which would be the best fit for Suri?



Management


Sales


Advertising


Marketing

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The best fit for Suri will be MARKETING.
To be an effective marketer, one needs certain skills which are crucial to success in the marketing field. These skills include: good interpersonal relationship, good writing skills, great creativity and expression, good team player, etc. Suri has these qualities; the qualities will make her a good marketer.

Answer:

marking

Explanation:

Todd, who graduated with a degree in history, has prolonged, relevant experience and significant on- the-job training as a real estate agent. you want to buy a condo and so you consider asking todd to be your agent. this will be the first time you ever bought real estate. todd agrees to represent you and then shows you three condos in your price range. although he does not tell you this, todd owns two of the three himself. in this situation is todd an expert whom you would be wise to trust to give you advice and information about buying a condo?

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Originally, I thought I would consider Todd to be my agent. After finding out that Todd did not inform me concerning his ownership of the two condos, I don't believe I would be comfortable with him. While his ownership may not change anything, I just was uncomfortable with the fact that he didn't tell me.
Final answer:

It would be wise to trust Todd to give advice about buying a condo, but be aware of potential conflicts of interest due to his ownership of two of the condos.

Explanation:

Todd, who graduated with a degree in history, has relevant experience and on-the-job training as a real estate agent. Considering his qualifications, it would be wise to trust him to provide advice and information about buying a condo. However, it is important to note that Todd owns two out of the three condos he is showing you, which may present a conflict of interest.

As an expert, Todd can offer valuable insights into the real estate market, provide guidance on the buying process, and help you navigate through potential pitfalls. However, it is essential to ensure there is transparency and open communication regarding Todd's ownership of the condos. This will help you make informed decisions while considering all potential biases.

terrorism suspects do not have to be read miranda rights

True or false?

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False because all criminals have to be read the Miranda rights they always have to.    
Miranda Rights.
You have the right to remain silent. Anything you say can and will be used against you in a court of law. You have the right to speak to an attorney, and to have an attorney present during any questioning.

________ is the process of receiving, storing, handling, and tracking of everything in a company's stock.

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The answer is inventory control.
Inventory control is the process of receiving, storing, handling, and tracking of everything in a company's stock.
Inventory frequently makes up a substantial part of an operational expense's and therefore, proper inventory management is an approach to minimize expenses while guaranteeing that every single vital material are in stock and put away in the correct spots. The systems which are used for managing inventory are:Inventory control Reserve stock system and just-in-time (JIT) inventory

Which of the following correctly arranges market structures in order from easiest entry to hardest entry?

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Pure competition, monopolistic  competition, oligopoly, monopoly 

Managers pursuing a ________ seek to make their product or service different from those of competitors on dimensions valued by customers.

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The answer is differentiation strategy.

Which of these expressions should an american businessperson avoid in a meeting with foreign business representatives?

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1. Avoid being ironic or sarcastic.This is because not all humorous statements could be understood or could be humorous to all other cultures in the world. There is some humor which cannot be explained or understood well by other foreign people. 2. Do not use complicated languages for reasoning or for giving concepts.This is to avoid any miscommunication between two parties and also to provide them access to use their own languages. 3. Avoid being discourteousIf you are in doubt, don't rush or panic. Make sure to call people using their first names if you don't have any idea if he or she is a male or female.

Consider the stock of ocean tuna which is massively overfished. it is rational for an individual to exploit the resource rather than to conserve the stock because

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Ocean Tuna is massively overfished even though there is already an abundant supply. The reason for this is that it cost less to harvest the fish than it does to maintain a stock of the fish. This answer however, is still debated by some experts who argue that this method is not healthy for our oceans.

Oh no! someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. how much of the unauthorized charges can you be required to pay?

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50 dollars back simple.

Look at the withholding table below. if you earn $426 in gross income every week and get to keep $348 of it after tax withholding, how many allowances have you claimed?

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The answer you are looking for is.. A) 1

The answer would be A

Suppose the price of a tie rises from $45 to $55. using the midpoint method, what is the percentage change in price?

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By midpoint formula, the percentage change in the price of a tie = {( $55 - $45) / [($45 + $55)/2]} * 100 = (10/50) * 100 = 20 percent

The lowest school dropout rate in the united states in 2008 occurred for:

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The status dropout rates measures the percentage of individuals who are not enrolled in a certain class or who does not have any school credentials. In the U.S by the year 2008  there was approximately 3.0 million drop out at ages 16 through 24 years old, all were living in United States. 

Organized ____________ has a broad definition in north america ranging from community organizations to both interscholastic and club programs.

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Organized youth sport has a broad definition in North America ranging from community organizations to both interscholastic and club programs. There are 4 types of youth sport in North America which are classes, instructional leagues, competitive leagues, and after-school programs.

What is the major source of revenue for most state governments?

A: Sales and individual income taxes.
B: Property and gasoline taxes.
C: Alcohol and tobacco taxes
D: Business income and licensing taxes.

Answers

b: sales and individual income taxes

Answer:

A: Sales and individual income taxes.

Explanation:

States collect taxes from individuals and organizations to maintain the state government operation and public services and they are different in each state as the states define their tax system. State governments collect taxes from 3 major sources that are sales, income and property taxes. According to this, the answer is that the major source of revenue for most state governments is sales and individual income taxes.

Although passion is needed to run a busniess, it must be tempered with logical and rationality a business plan does this by

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putting goals into concrete words which will be a guide to running a successful business and also listing the company mission which will give more strength to the passion required to be able to stick with meeting goals. By creating a list of objectives, this helps keep a person on track to eventually have a thriving,vibrant business.

Using an adjustable wrench can save time when you are working with _____.

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Using an adjustable wrench can save time when you are working with different types of sizes of nuts/bolts.
nuts and bolts is the official answer

Brenda purchased a total of five computers for $3,300. she received a 20% trade discount. what did brenda pay for the computers? $2,640 $2,460 $2,440 $3,750 none of these

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A trade discount is the amount or percentage which a manufacturer deducts from the retail or advertised price of a product when it sells to a reseller or end customer. When Brenda bought a total of five computers for $3,300, a trade discount of 20% was already deducted. So in this particular question”what did Brenda pay for the computers? $2,640 $2,460 $2,440 $3,750 none of these” the answer is none of these. She paid the amount of $3,300.

Which county office has responsibility for determining the value of real estate?

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The county office responsible for determining the value of real estate is the Assessor

What must be done prior to making forcible entry into a fire building?

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The fire attack team must be ready

A prototype includes ________ in a category. an exemplar includes ________ in the category.

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the answer to this question is  the most typical concept; all examples of concepts
A prototype is usually the fruit of the imagination of the final form of the product and not ready yet to be introduced to the market. An examplar on the other hand, already gone through several trial and error and might be ready for the market even though it may possess several defects
Final answer:

A prototype is the ideal or most representative example of a category, while an exemplar is a specific instance or example within a category based on personal experience. Prototypes are used as cognitive reference points, and can be physical or virtual for evaluating designs, including using computer-aided design and drafting. Exemplars are based on individual experiences and provide comparison points within a category.

Explanation:

A prototype includes the best example or representation in a category. An exemplar includes a specific instance within the category that a person has encountered in the past. Prototypes serve as a cognitive reference point that helps to categorize and identify new objects or concepts that belong to the same group. While exemplars are concrete examples collected from individual experiences that align with the prototype or may vary slightly from it, serving as a comparison point within a category. For instance, when considering the concept of a 'bird', a robin may serve as a prototype, as it embodies common features that people typically associate with birds. An exemplar of a bird, however, could be a particular peacock that one has seen.

Prototypes can be both physical or virtual. A physical prototype is a tangible representation made from materials, which could be the same as or different from the materials intended for the final design. This helps in evaluating the design in a tangible form. A virtual prototype, often created using computer-aided design and drafting (CADD) software, enables designers to simulate and evaluate their designs in a digital environment without physical implementation.

By understanding the difference between prototypes and exemplars, students can better grasp how concepts are formed, stored, and recalled within the cognitive processes of the human brain. This distinction also has practical implications in fields such as product design and engineering, where prototypes are crucial for design evaluation and refinement.

The fund whose main objective is growth is known as a(n) _____ fund.

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I'm not sure about this, but I think it's just called a growth fund.

A voluntary tricare health maintenance organization type of option is known as

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A voluntary tricare health maintenance organization type of option is known as TRICARE Prime. Being a member of this tricare gives a possibility to choose a primary doctor, that coordinates all of your health care, from a network. Also, it offers routine exams, immunizations and preventive services with no copayment.

Diminishing returns set in after the ________ truck is purchased.

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The answer in the space provided is second. The diminishing returns set happens when there is an increase with the input variable and by this, it will likely cause the output to decrease as the marginal increase and in the same time, other inputs remains to be in constant.

When evaluating a balance sheet, the two primary questions are ________?

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In terms of evaluating balance sheet, the two primary questions that are being formulated are the following;

-          The assets are financially secure or stable

-          The firm has assets that are sufficient and are short term in means of having debts that are only short and temporary.

The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as:

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The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as intelligence-led policing.
Intelligence-led policing or ILP is the policing model that construct around throughout the assessment and management of risk, it follows a managerial model.

Consider this argument: "if the price quote from college insignias is lower than the price quote from university logos, then we will get the t-shirts for our acs relay for life team printed at college insignias. the price quote from college insignias is lower than the price quote from university logos. therefore, we will get the t-shirts for our acs relay for life team printed at college insignias." that argument is an example of __________.

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This is a valid argument, and is made so by affirming the antecedent. The prior statement, regarding prices between the two companies, was shown to be the case, and therefore the group buying the shirts will do so at the company they had originally claimed they would. They have affirmed the prior statement, so the argument is valid.
Final answer:

The argument is an example of a valid deductive inference known as modus ponens, where the conclusion is guaranteed to be true if the premises are true.

Explanation:

The argument presented in the student's question is an example of a valid deductive inference. This type of reasoning involves drawing a conclusion based on premises that logically follow one another. If the premises are true, the conclusion must also be true. In this case, the premises are: 1) If the price quote from College Insignias is lower than the price quote from University Logos, the t-shirts will be printed at College Insignias, and 2) The price quote from College Insignias is lower. Based on these premises, the conclusion drawn is that the t-shirts will be printed at College Insignias. This is a modus ponens argument form, which is a common form of deductive argument where the conclusion is guaranteed if the premises are both true.

The tragedy of the commons occurs because
a. people consider the value of resources in the future more than in the present.
b. markets do not account for the presence of property rights.
c. common resources are rival in consumption.
d. government does not efficiently allocate society's scarce resources.

Answers

c. common resources are rival in consumption. In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone. So let's look at the available options and see what makes sense, or doesn't make sense. a. people consider the value of resources in the future more than in the present. * If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer. b. markets do not account for the presence of property rights. * The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer. c. common resources are rival in consumption. * This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost. d. government does not efficiently allocate society's scarce resources. * This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.

Effective managers often demonstrate ________ levels of task leadership and ________ levels of social leadership.

Answers

These managers demonstrate both high levels of task leadership and high levels of social leadership. They have to be skillful in the tasks that need to be done, but without being able to lead their employees, they wouldn’t be able to accomplish all of their goals.
Final answer:

Effective managers often strike a balance between high levels of task leadership and high levels of social leadership, indicating the importance of both task-oriented and people-oriented behaviors.

Explanation:

The behavioral approaches to leadership have outlined task-oriented and people-oriented behaviors as two critical dimensions of effective leadership. Task-oriented leadership focuses on the accomplishment of tasks and the achievement of objectives, whereas people-oriented leadership emphasizes interpersonal relations, the well-being of team members, and involves supporting and developing the team.

An example of a task-oriented leader could be Bill Gates, who is known for his focus on innovation and reaching corporate goals, while a people-oriented leader example could be Richard Branson, who emphasizes employee satisfaction and company culture.

Balancing these two aspects of leadership, according to research by Herold et al. (2008) and others, can foster creativity, improve team performance, and enhance commitment to organizational change. However, it's important for leaders to avoid overly passive management styles and to adapt their approach to the size of the company and the specific context to maximize effectiveness.

Mike sells navel oranges in a market where there are a lot of other sellers and faces a perfectly elastic demand curve for oranges. he hires 10 workers in a perfectly competitive market to help him with picking oranges. given this information, it can be said that:

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it can be said that the demand for workers is a positive function of the prevailing market wage rate.
Under the current market which had a lot of competitors with similar products, the most important factors that could improve mike position in the market is the amount of workers that could improve his customer service and productivity.
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