Which of the following statements is true about profits in a monopolistically competitive market? A. Most firms will earn substantial profits from year to year. B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
C.Profits are rare in monopolistically competitive markets.
DMonopolistically competitive firms are as profitable as monopoly firms.

Answers

Answer 1

Answer: The true statement about profits in a monopolistically competitive market is:

B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.

Examples of monopolistic competition:
1) hotel and restaurant businesses
2) consumer services like hair dressers, spa, etc
3) pubs and bars

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Opportunity cost is the least desirable alternative given up as a result of a decision. Please select the best answer from the choices provideda. True
b. False

Answers

Opportunity cost is NOT the least desirable alternative given up as a result of a decision. The statement above is considered FALSE. It actually is the most desirable alternative. The correct answer is letter "B. False". I hope this helps.

Answer:

false

Explanation:

edge

The employer contributions to the state unemployment insurance fund, group health insurance, or a pension fund are not normally considered a benefit.true or false

Answers

That statement is false

Employer contributions to the state unemployment insurance fund, group health insurance, or a pension fund are CONSIDERED a benefit.

What is meaning of the word postage

Answers

the sending or conveying of letters and parcels by mail.

Evaluate the impact of the bureaucratic leadership style on a business

Answers

Leadership would be very formal and strict. Managers would expect their subordinates to conform to the system that they implement and follow it to the letter. This is a very tight style of management where the employees have to adapt to the management if they want to stay employed.

Magnus has reached the finals of a strength competition. In the first round, he has to pull a city bus as far as he can. One end of a rope is attached to the bus and the other is tied around Magnus's waist. If a force gauge placed halfway down the rope reads out a constant 1500 1500 Newtons while Magnus pulls the bus a distance of 2.20 2.20 meters, how much work does the tension force do on Magnus? The rope is perfectly horizontal during the pull.

Answers

Answer: -3,300Nm or -3,300 Joules

Explanation:

Work = F X d

Where:

F = force = 1,500 N

d = distance = 2.20m

We will be taking into consideration that the work that the tension force on the rope does to Magnus is negative because the force goes against Magnus.

This is in accordance with Newton' third law, which states that for every action, there is an equal and opposite reaction.

Therefore, we have:

W = F X d

W = 1,500 X 2.20

W = 3,300Nm

Since we are not calculating the work done by Magnus, but rather the opposite work done by the rope, our answer will be negative.

We therefore have:

-3,300Nm or -3,300 Joules.

If the exchange rate for Mexican pesos has changed from 10 pesos to 9 pesos per dollar, _____.

Answers

When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has appreciated and the U.S. dollar has depreciated.

When a currency appreciates, it means it has increased in value relative to any other currency; depreciate means it has been weakened or fell in value relative to any other currency.

Answer:

The dollar depreciated or the peso appreciated.

Explanation:

IN this example the exchange rate for the mexican peso to the US dollar cna happend for one of two reasons it could be that the mexican peso gained power and value or the dollar lost power and value, we can figure that out by seeing if the peso gained value over other coins, or not, if it didn´t and the dollar lost value over other coins as well, then the dollar depreciated.

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