Regardless of quantity in long-run equilibrium, the industry price cannot exceed the?

Answers

Answer 1

An extremely large number of vendors, each of whom makes a comparable or same product, make up a competitive market.

The total of all these unique outputs, which each provider produces as a small portion of the market as a whole, represents the production of that industry.

A market that has just one supplier is considered a monopolist at the other extreme. Examples include the fact that the National Hockey League is the only provider of top-notch professional hockey matches in North America, Hydro Quebec is the province of Quebec's sole electricity supplier, and Via Rail is the only provider of passenger rail services between Windsor, Ontario, and the city of Quebec.

Equilibrium: What Is It?

When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or under supply raises prices, which decreases demand.

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Related Questions

HE-39435 company's break-even sales revenue is$900,000, and its variable expenses are 75 of sales. If the HE-39435 company lost $40,000 last year, its sales revenue must have amounted to: Multiple Choicea. $820.000b. $860,000c. $740,000d. $635.000

Answers

If the HE-39435 company lost $40,000 last year, its sales revenue must have amounted to c. $740,000.

The break-even point is when total revenues equal total expenses. In this case, the break-even sales revenue is $900,000, and the variable expenses are 75% of sales. Since the company lost $40,000 last year, we can say that its total expenses must have been greater than its total revenue.

Thus, to find the sales revenue, we can set up the equation: $900,000 = (sales revenue) - (75% of sales revenue) - $40,000. Solving for sales revenue gives us $740,000. This means that the sales revenue must have been at least $740,000 in order for the company to have lost $40,000.

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true or false in the late 1800s, farm families in the trans-mississippi west became less dependent on loans as they were able to purchase land, machinery, and industrial products despite the prices for agricultural goods in the world market.

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The given statement "In the late 1800s, farm families in the trans-Mississippi became less dependent on loans as to purchase land and industrial products for agricultural goods market" is False because geographic area experienced the most dramatic growth in capitalism.

The capitalism is an economic and political system in which a country's trade and industry are controlled by the private owners for profit.

That's why, it is wrong statement that in the late 1800s, farm families in the trans-Mississippi west became less dependent on loans as they were able to purchase land, machinery, and manufacturing products whose  costs for agricultural goods.

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Which of the following is not true about the break-even analysis? Group of answer choices
The project's total costs includes both variable costs and fixed costs.
The break-even analysis allows the user to find out when the project will start becoming profitable by providing information on when the project will "break even," or be neither profitable nor unprofitable.
The project's variable costs increases corresponding to the number of goods or services sold.
None of the above (all of the above are correct).

Answers

The statement "The project's variable costs increases corresponding to the number of goods or services sold" is not true about the break-even analysis.

Break-even analysis is a strategy used to determine how much sales or revenue is required to cover all of the expenses of a project. It's a fundamental accounting concept that enables entrepreneurs to predict the financial outcomes of their business ideas and decide whether they're viable or not. Therefore, the statement "The project's variable costs increases corresponding to the number of goods or services sold" is incorrect.

The break-even analysis assists users in determining when the project will begin to generate a profit by providing information on when the project will "break even," or be neither profitable nor unprofitable. Furthermore, it helps businesses in assessing the impact of changes in cost structures on profits and net cash flows.The correct answer is:The project's variable costs increase corresponding to the number of goods or services sold.

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Explain the role of public relations in developing and maintaining a corporate image.

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By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.

To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.

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What country have a sand​

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america, portugal, and brazil

11 12 13 14 15 A school district needs to arrange transportation for at least 360 students for a field trip. The district can use large buses or small buses. The large buses hold 60 students each and have an operating expense of $300 for the day. The small buses hold 45 students each and have an operating expense of $200 for the day. The district only has chaperones for, at most, seven buses. What is the minimum cost for the transportation for the field trip if each bus has chaperones

Answers

The minimal price for the transportation for the sector trip if each bus has chaperones is $1700 From from the given information.

College transportation contributes undoubtedly to reducing traffic. With every student choosing buses for the daily trips to high school and a reduction in personal automobiles comes from the safe surroundings. much less quantity of cars on roads outcomes in decreased pollutants.

School buses and vehicles are the most commonplace modes of shipping for children to head to high school. in the past, kids walked and cycled in companies. At gift, kids doing the identical thing are a rarity, particularly in city areas.

Bus transportation is provided to college students who can be residing 2 or more miles from the faculty. Bus transportation can also be supplied as an associated provider to their Childs's incapacity as said in their character schooling Plan or 504 lodging Plan on a document with the school.

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what are 3 examples of nonprice factors you have experienced as a consumer?

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The three examples are Taste, Brand Loyalty and Fashion. The nonprice factors are the three given above.

Who is a consumer?

A consumer is a person who purchases and consumes the product or service that is offered and served by the business. A business offers a product or service and the consumer analyzes the aspects of that specific product or service and then pays the price for that specific product or service and then consumes it.

The customer is King is a well known saying and is always considered when a product is presented in the market. The consumer choice can be based on different factors and it includes nonprice factors too which includes taste of the consumer, Brand image and loyalty and Fashion prevailing in the market. Price factors are those which are related to price.

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Answer:

The three examples are Taste, Brand Loyalty and Fashion. The nonprice factors are the three given above.

Who is a consumer?

A consumer is a person who purchases and consumes the product or service that is offered and served by the business. A business offers a product or service and the consumer analyzes the aspects of that specific product or service and then pays the price for that specific product or service and then consumes it.

The customer is King is a well known saying and is always considered when a product is presented in the market. The consumer choice can be based on different factors and it includes nonprice factors too which includes taste of the consumer, Brand image and loyalty and Fashion prevailing in the market. Price factors are those which are related to price.

Explanation:

Suppose GDP in this country is $1,680 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (G G )? Taxes minus Transfer Payments (T T ) 420 Consumption (C C ) 875 Investment (I I ) 455

Answers

I think the answer is A

What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

distribution requirements planning helps to synchronize supply chain partners at the a. primary storage level. b. secondary delivery level. c. primary schedule level. d. master schedule level.

Answers

The main answer is d. master schedule level. Distribution Requirements Planning (DRP) helps to synchronize supply chain partners at the master schedule level.

This means that DRP assists in aligning the production and distribution plans of various partners in the supply chain. It involves coordinating the timing and quantity of inventory replenishment to meet customer demand while minimizing excess inventory and stockouts.

In more detail, DRP works by analyzing customer demand data, considering lead times, and coordinating with suppliers to ensure the right amount of inventory is available at the right time and in the right location. It helps in managing the flow of goods from suppliers to manufacturers, and from manufacturers to distributors or retailers.

By operating at the master schedule level, DRP allows supply chain partners to make informed decisions regarding production levels, order quantities, and delivery schedules. It promotes better collaboration and coordination among partners, leading to improved efficiency, reduced costs, and enhanced customer satisfaction.

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Which of the following is a disadvantage of using checks as a means of​ payment?
A.Checks are seldom accepted for small to moderate purchases.
B.There is a maximum dollar amount for which checks may be used.
C.All the paper shuffling required to process checks is costly.
D.Checks are only accepted by businesses sharing a bank with the check writer

Answers

One of the disadvantages of using checks as a means of payment is that they are seldom accepted for small to moderate purchases (Option A).

This is because checks require a longer processing time compared to other forms of payment, such as cash or credit cards. When using checks, both the payer and payee need to deal with the additional administrative tasks involved in processing the check. These tasks include endorsing the check, depositing it into a bank account, and waiting for the funds to clear.

Moreover, businesses often find it inconvenient to handle checks, as there is a risk of bounced checks due to insufficient funds in the payer's account. This can lead to additional fees and potential loss of revenue for the businesses.

As a result, many retailers and service providers prefer to accept other forms of payment, such as cash, debit, or credit cards, for small to moderate purchases. These alternatives offer faster transaction times, lower processing fees, and reduced risk of non-payment.

In conclusion, while checks may still be a viable option for larger transactions, their limited acceptance for small to moderate purchases makes them a less convenient and efficient means of payment. This is a notable disadvantage when considering the variety of alternative payment methods available today. The correct option is A.

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The new growth theory differs from the grot theory developed by Robert Solos;; since A. the Solow growth theory says that the rate of technological change is influenced by how individuals and firms respond to economic incentives, whereas the new growth theory leaves technological change unexplained. B. the Solow growth theory focuses on technological change and the quantity of capital available to workers whereas the new growth theory states that accumulation of knowledge capital is a key determinant of economic growth. C. the new growth theory focuses on technological change and the quantity of capital available to workers whereas the Solow growth theory states that accumulation of knowledge capital is a key determinant of economic growth. D. the new growth theory says that physical capital is nonrival and nonexcludable and the Solow growth theory states that knowledge capital is nonrival and nonexcludable and is a key determinant of economic growth.

Answers

The new growth theory differs from the Solow growth theory developed by Robert Solow, since the Solow growth theory says that the rate of technological change is influenced by how individuals and firms respond to economic incentives, whereas the new growth theory leaves technological change unexplained.

Thus, option A is correct.

What is the Solow growth theory?

The Solow growth theory is an economic model that was developed by Robert Solow. It is a model of economic growth that analyzes changes in output per capita in the long run.

Solow growth theory aims to explain how capital accumulation, population growth, and technological progress interact with each other to influence the long-term growth rate of an economy.

What is the New Growth Theory?

The New Growth Theory is an economic concept that focuses on the role of technology in driving economic growth and increasing returns to scale. It proposes that the accumulation of knowledge capital is the key determinant of economic growth. In other words, the New Growth Theory suggests that technological progress leads to increasing returns, which leads to more growth.

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question 1
Explain what is meant by the principal market in accordance with
IFRS13 Fair Value Measurement.

Answers

According to IFRS 13 Fair Value Measurement, the principal market refers to the market where the asset or liability is most commonly traded. This market is also referred to as the "active market."

The active market is where buyers and sellers can easily find each other and where transactions take place frequently and with high volume. This market is considered to be the most reliable for determining the fair value of an asset or liability.
In order to determine the principal market, the entity must consider the volume and level of activity in each potential market and assess which market represents the highest volume and level of activity for the asset or liability. Additionally, the entity must consider the level of transparency and efficiency of the market. The principal market is an important consideration when determining the fair value of an asset or liability, as it helps to ensure that the valuation reflects the true value of the asset or liability based on the most reliable market data available.
Overall, the concept of the principal market is an important aspect of fair value measurement, as it helps to ensure that valuations are accurate and reflect the true value of an asset or liability based on the most reliable market data available.

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Which conditions contribute to engine deposits ?

Answers

Answer: oxidation

combustion byproduct

road dust and dirt

moisture and acid.

Explanation:

One of the main cause of engine deposit is when one drives in areas whereby there are usually high temperature. In such scenarios, the excessive heat can lead to breakdown in the oil which results into engine deposits.

Other causes of engine deposit are oxidation, dust and dirts, the byproducts gotten from combustion etc.

Solve applications in business and economics using integrals. If the marginal cost of producing x units is is given by C'(x) = 8x, find the total cost of producing the first 20 units

Answers

The total cost of producing the first 20 units is $1600. we need to integrate the marginal cost function C'(x) = 8x with respect to x.

The integral of C'(x) gives us the total cost function C(x). Integrating 8x with respect to x gives us:
C(x) = ∫8x dx = \(4x^2\) + C
Where C is the constant of integration.
To determine the value of C, we can use the information that the total cost of producing 0 units is $0 (assuming no fixed costs). Substituting x = 0 and C = 0 into the total cost function:
C(0) = \(4(0)^2\) + C
0 = 0 + C
C = 0
Now we have the total cost function:
C(x) = \(4x^2\)
To find the total cost of producing the first 20 units, we substitute x = 20 into the total cost function:

C(20) = \(4(20)^2\) = 1600



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Which activity is the first step in forecassting labor usage for scheduling?

Answers

The first step in forecasting labor usage for scheduling is to analyze historical data related to labor usage and productivity.

This historical data includes information such as employee performance, absenteeism rates, turnover rates, and other factors that may impact labor usage. By analyzing this data, managers can identify trends and patterns that can help them to forecast future labor usage and schedule employees accordingly.

The analysis of historical data should also consider external factors that may impact labor usage, such as changes in demand, economic conditions, and industry trends. This information can be obtained through market research and industry reports.

In addition, managers should also consider the specific needs and goals of the organization when forecasting labor usage. This includes understanding the production or service delivery requirements of the organization and the skills and availability of employees.

Overall, the first step in forecasting labor usage for scheduling involves analyzing historical data, considering external factors, and understanding the needs and goals of the organization. This information can then be used to create a labor usage forecast that informs the scheduling process.

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Which of the following strategies is used in the following ad:

A. famous association
B. join the bandwagon
C. promotional deal
D. repetition

Which of the following strategies is used in the following ad:A. famous associationB. join the bandwagonC.

Answers

Answer:

a

Explanation:

Which of the following best defines money?
Just a multiple choice finance question for school.
Choose 1 answer:

A
Cash held in bank vaults

B
Currency that has intrinsic value, such as gold coins

C
Paper currency or coins

D
Any asset that is accepted as a way of paying for something

E
Paper currency or coins that are backed in value by gold

Answers

Answer:

B and C, D

Explanation:

According to the law of demand, what will happen as the price of a good or service decreases?
A. The demand for that good or service will decrease.
B. The demand for that good or service will increase.
C. The quantity demanded for that good or service will decrease.
D. The quantity demanded for that good or service will increase.

Answers

B. The demand for that good or service will increase.

Bozak, an education company, recently launched its animation team. The members of the new team are aware of each other's roles and responsibilities and make decisions on task accomplishment. In the context of Bruce Tuckman's five-stage model of group development, the animation team at Palnoz is in the _____ stage.

Answers

Answer:

a. Norming

Explanation:

Since in the question it is mentioned that the new team members are aware of the roles and responsibilities of each other and make the decisions for accomplishing a task so here the animation team would be in the norming stage as in this stage the performance of the team increased as the members are ready to learn and corporate and also started to focus on the team goal

Excuse me,



(ಠ_ಠ)
ง ง

Answers

Answer: >:o
Explanation:

The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.

T or F

Answers

f........................,......

Which of the following is an ineffective practice in making big businesses act small?  A. Encouraging a spirit of entrepreneurship within an organizationB. Increasing the layers of management within an organizationC. Downsizing to reduce work tasksD. Keeping the growth vision long termE. Focusing on current customers rather than looking for new customer

Answers

B. Increasing the layers of management within an organization is an ineffective practice in making big businesses act small.

Increasing the layers of management adds more bureaucracy and hierarchical structure to an organization, which is contrary to the idea of making big businesses act small. It can lead to slower decision-making, reduced agility, and increased complexity within the organization. The goal of making big businesses act small is to promote agility, flexibility, and a sense of entrepreneurship. This can be better achieved by streamlining decision-making processes, empowering employees, and fostering a culture of innovation and collaboration.

On the other hand, the other options listed (A, C, D, and E) can be effective practices in making big businesses act small. Encouraging a spirit of entrepreneurship, downsizing to reduce work tasks, keeping a long-term growth vision, and focusing on current customers while seeking new ones all align with the idea of fostering a small-business mindset within a larger organization

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The price of oranges increase, and so consumers buy more strawberries. This is an example of what?

Answers

A change in the exact quantity of a product that customers are willing and able to purchase is referred to as a shift in the quantity demanded. A change in pricing is what drives this shift in the quantity demanded.

What is Demand?

Demand is the amount of a good that buyers are ready and willing to buy at different prices at a particular time. The demand curve is the name given to the relationship between price and quantity demand.

Also, consumers must be able to afford the items they want or need based on their budgeted disposable income.

Demand examines a market's price and purchases from the perspective of the customer. The principle of supply, on the other hand, emphasizes the viewpoint of the provider of the good or service.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

the following information is available for the year ended december 31: beginning raw materials inventory $ 12,600 raw materials purchases 89,200 ending raw materials inventory 12,000 advertising expense 740 the amount of raw materials used in production for the year is: multiple choice

Answers

The amount of raw materials used in production for the year is $90,800.

To calculate the amount of raw materials used in production for the year, we need to subtract the change in raw materials inventory from the sum of beginning raw materials inventory and raw materials purchases.

Beginning raw materials inventory: $12,600

Raw materials purchases: $89,200

Ending raw materials inventory: $12,000

Raw materials used in production = (Beginning raw materials inventory + Raw materials purchases) - Ending raw materials inventory

Raw materials used in production = ($12,600 + $89,200) - $12,000

Raw materials used in production = $102,800 - $12,000

Raw materials used in production = $90,800

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specifies the firm's formal reporting relationships, procedures, controls, and authority and decision-making processes, specifies the work to be done and how to do it, given the firm's strategies is definition of what?

Answers

The definition of the terms you have mentioned in your question seems to refer to the concept of organizational structure.

Organizational structure refers to the framework that specifies how the various tasks, roles, and responsibilities are divided and coordinated within a firm. It encompasses the formal reporting relationships, procedures, controls, authority, and decision-making processes that govern the activities of the firm's employees.

Organizational structure plays a crucial role in defining the work to be done and how to do it, given the firm's strategies. A well-designed organizational structure ensures that the firm's resources are allocated efficiently and that its employees have clear expectations regarding their roles and responsibilities. This, in turn, enables the firm to pursue its strategic objectives effectively.

There are several types of organizational structures, including functional, divisional, matrix, and network structures, among others. Each structure has its advantages and disadvantages, and the choice of the appropriate structure depends on the nature of the firm's business, size, and goals.

In conclusion, organizational structure is a vital aspect of a firm's management process that specifies the work to be done and how to do it, given the firm's strategies. It provides a framework for coordinating the firm's activities and enables it to achieve its objectives efficiently.

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The definition you provided corresponds to the concept of "Organizational Structure."

Organizational structure encompasses the formal framework that outlines reporting relationship, procedures, controls, decision-making processes, and work assignments within a firm.

It defines the hierarchy of authority, communication channels, and the allocation of responsibilities. The purpose of establishing an organizational structure is to facilitate coordination, efficiency, and effective implementation of the firm's strategies and objectives.

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What does fixed costs mean in business?

Answers

Answer:

see below

Explanation:

Fixed costs have been described as the costs of staying in business. They are business expenses that remain constant in a financial period. A business must incur fixed costs regardless of its level of output. In other words, fixed costs are not influenced by business output.

Although fixed costs will remain constant in a financial period, or in the short run, they are bound to change in the long run. Examples of fixed costs include rent, insurance, depreciation, and administrative salaries.

1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.

Answers

ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.

To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.

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the wto may support trade barriers when it discovers that

Answers

Tje wto may support trade barriers when it discovers that a country is violating international trade rules or engaging in unfair trade practices that harm other countries' economies.
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