Product differentiation in monopolistic competition Consider two gas stations. One is located at a major intersection used by people commuting from populous neighborhoods to jobs located in the downtown area. The other is located on the outskirts of the city. Both gas stations sell high-grade or premium-grade gas for a higher price than low-grade or regular-grade gas. However, the gas station along the more congested route charges higher gas prices for all grades than the station on the outskirts of town. These gas stations offer product differentiation based on which of the following?
A. Quality.
B. Style.
C. Location.
Negative long-run profit can occur as a result of advertising in a monopolistically competitive market.
True
False

Answers

Answer 1

Answer:

A. Quality. and C. Location.

True

Explanation:

High charging means more vehicles will come from that location because your pump is in a congested area, so demand will be higher due to location. Also, there is a difference of merit, one high grade to another and the lowest grade.  so correct answer is Quality and Location.True, As manufacturing companies in this market are competing, advertising can help increase product prices in the long run. This is not like price constant competition.

Related Questions

To begin, you must decide which part of the marketing mix to focus on first: product, price, promotion, or place. Which is the best starting point for your marketing mix decisions

Answers

Answer:

product

Explanation:

As we know that in the marketing mix there is 4Ps that consist of product, promotion, price and place. It is become signigicant to decide the characteristics product in terms of features, competency, uniqueness, etc

It is the best starting point for taking decision in the marketing mix

Therefore the first option is correct

And, the rest of the options are wrong

Adam, a self-employed taxpayer, did not have all the information he needed to timely file his 2019 tax return by July 15, 2020. Although he requested an automatic extension, he did not include a payment when he filed the extension. He finally filed his return on August 21, 2020, reporting a $900 balance due. How much must he pay in failure-to-file and failure-to-pay penalties

Answers

Answer:

Explanation:

From the failure to pay penalty rules:

For an individual taxpayer, the interest rate = federal rate (short term) +3x

Suppose the tax is not paid within the due date, thus penalty is charged

The late payment penalty = 0.5% of tax owed for each respective month up to 25%

Failure to file penalty rule:

Late filing = 4.5% per month up to 22.5%

Thus, both late penality = 4.5% + 0.5% = 5%

The maximum penalty for failure to pay penality & failure to file = 22.5% + 25%

= 47.5%

Tax          Failure to     Interest       Failure    Total         Total amount

due         file penalty                     to pay     Payable      Payable by

$900            $81          $11.81      $22.50      $1015.31      12/8/2021

Jessica is considering putting $50 into a money market account that pays a 4 percent annual interest rate. It will take year(s) for the money to double to $100.

Answers

Answer:

18 years

Explanation:

We can apply the future value formula as below

A = P x ( 1 + r) ^ n

where A is the amount: $100

P= principal amount : $50

r=4% or 0.04

n = ??

Therefore

$100 = $50 x ( 1+ 0.04)^n

$100 = $50( 1.04)^n

1.04^n =$100/$50

1.04^n= 2

n =log 2/ log 1.04

n=0.30102999/0.0170333

n=17.67 years

=18 years

Siskiyou Corp. has cash of $75,000; short-term notes payable of $100,000; accounts receivables of $275,000; accounts payable of $135,000: inventories of $350,000; and accrued expenses of $75,000. What is the firm's net working capital

Answers

Answer: $390000

Explanation:

First and foremost, we need to calculate the current assy from the given question which would be:

= $75000 + $275000 + $350000

= $700,000

Also, the current liabilities will be:

= $100000 + $135000 + $75000 = $210000

Therefore, the firm's net working capital willbe the difference between the assets and the liabilities calculated above. This will be:

= $700,000 - $210,000

= $390,000

causes and effects of International Factor Mobility

Answers

Answer:

Domestic factor mobility. refers to the ease with which productive factors like labor, capital, land, natural resources, and so on can be reallocated across sectors within the domestic economy. Different degrees of mobility arise because there are different costs associated with moving factors between industries.

Explanation:

Rod Dall Co. reports net income of $69,000. The income ratios are Rod 50% and Dall 50%. Indicate the division of net income to each partner, and prepare the entry to distribute the net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Explanation:

Computation table;  

Particulars                          Total    Rod        Dall

Net Income  ($69,000)50%   $69,000 $34,500  $34,500

Journal Entry;

Account title                             Debit          Credit

P&L App               A/C     Dr    $69,000  

To Rod Capital A/C                                 $34,500

To Dall Capital A/C                                 $34,500

Choose the best answer to fill in the blanks. When writing for business, it is important to be _______ and make sure that you always use ______ emphasis.

Answers

Answer:

positive and polite ; business

Explanation:

Business writing is very important in business. It may be defined as the type or kind of writing which is used in professional settings. It is written with the purpose of conveying relevant information to others in the business for clear and better understanding of the business proposals or important decisions.

A business writing written to a business partner or a client should always be polite and in a positive manner. It should be in effective manner and concise. It may include memos, client proposals, emails, etc.

The writing should be formal writing giving emphasis to business matters and to the point. It is a professional communication tool.  

AA Corp can lease a truck for four years at a cost of $25,000
annually. It can instead
buy a truck at a cost of $60,000, with annual maintenance expenses of
$10,000. The truck
will be sold at the end of four years for $12,000. Ignore taxes.
a. What is the equivalent annual cost of buying and maintaining the truck
if the discount rate is 10%?
b. Which is the better option: leasing or buying?

Answers

______________________________

LEASING:= $25,000 × 4 Years= $100,000= 10% × $25,000 ÷ 100 - $25,000= $22,500 × 4 Years= $90,000BUYING:= $60,000 + $40,000= $100,000= 10% × $10,000 ÷ 100 - $10,000= $9,000 × 4 Years= $36,000 + $60,000= $96,000

LEASING IS A BETTER OPTION

______________________________

A $299,000 bond was redeemed at 104 when the carrying value of the bond was $354,000. The entry to record the redemption would include a
Oa. gain on bond redemption of $55,000.
Ob. loss on bond redemption of $43,040,
Oc. loss on bond redemption of $55,000
Od gain on bond redemption of $43,040,

Answers

Answer: gain on bond redemption of $43,040

Explanation:

In this case, there will be a gain on bond redemption would be calculated as:

= Carrying value of bonds – Bonds redeemed amount

= $354000- {($299,000 / $100) × $104}

= $354000 - $310960

= $43040

Therefore, there'll be a gain on bond redemption of $43,040

highlight four ways in which business risk may be classified​

Answers

Answer:

Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Explanation:

Which of the following elements determine an organization’s structure in “The National Bank”?
Select one:
a. the organization’s mission
b. all of the above
c. the organization’s strategy
d. the organization’s size

Answers

Answer:

b. all of the above

Explanation:

The correct answer is that all of the above determine an organization's structure.

The organization's mission determines its structure because it establishes the main goal of the organization, and everything in the organization is ultimately determined by that.

The organization's strategy also determines its structure because it establishes the departments, employees, and actions, similar to the way that the mission determines these things.

Finally, the organization's size is obviously related to its structure. A large organization will have a more complex structure than a smaller organization for example.

All of the statements regarding a dynasty trust are correct, except:
A. Distributions of trust assets are postponed as long as possible.to avoid payment of estate taxes.
B. A transferor can allocate a portion of a GST exemption to each premium payment made to an ILIT to offset GST tax when there are skip-person beneficiaries.
C. A GST exemption applied to annual premiums in an ILIT protects the trust corpus from GST tax.
D. Dynasty trusts can be established in all states.

Answers

Answer:

The statement that is not correct regarding a dynasty trust is:

D. Dynasty trusts can be established in all states.

Explanation:

A dynasty trust is a long-term trust created for the purpose of passing wealth from one generation to the next generation, without incurring transfer taxes, such as the gift tax, estate tax, or generation-skipping transfer tax (GSTT) for as long as the assets remain in the trust. The dynasty trust's defining characteristic is its long duration.  For example, in California it can last for 90 years.

Project management is not without its critics. As you have read, project management has experienced noteworthy failures in implementing computer software. What do you think lies behind the failure of project management to achieve its goals

Answers

Answer:

The factors that cause the failure of project management to achieve its goals include the following:

1. The scope of some projects are not well-defined and detailed.

2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.

3. Some project managers do not identify the critical project risks from the beginning.

4. Projects that lack formal methods and strategies often fail.

5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.

6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.

7. Leadership is key to effective project management.  Without senior management or politicians' buy-in, some projects face massive failure.

Explanation:

Project management starts from the home to the larger society.  It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements.  Project managers and organizations that must achieve success should understand the causes of project failure.

The two types of package labeling in common usage today are:______.
a. government-mandated and seller-controlled.
b. functional and persuasive.
c. motivational and required.
d. informational and persuasive.
e. promotional and non-promotional.

Answers

Answer:

d. Informational and persuasive.

Explanation:

Informational package labelling as the name implies gives details about the specific products which is aimed at convincing perspective buyers to buy. Here, the information about the product are well spelt out in the package labelling thus gives more about what the product is all about. The aim is to capture consumers mind so that they would eventually buy the products.

Persuasive package labelling as the name implies lay emphasis on logo or themes rather than information expected by consumers. Here, the idea is to create awareness about the product through its logo and special features such as promotional theme.

Which one of the following research is mainly concerned with generalization and with the formulation of a theory?
Analytical research.
Fundamental research.
Applied research.
Quantitative research.​

Answers

Answer:

b fundamental research

Explanation:

Fundamental research is mainly concerned with generalizations and with the formulation of a theory. It is undertaken for the sole purpose of adding to our knowledge that is fundamental and generalizable. It is called pure or basic research.

A student takes out a college loan of $7000 at an annual percentage rate of 5%, compounded monthly. a. If the student makes payments of $800 per month, how much, to the nearest dollar, does the student owe after 5 months

Answers

Answer:

$3,114

Explanation:

The question in other words requires us to find the future value (FV) of the loan after 5 years when monthly payments of $800 are being made every month.

So, using a Financial calculator this can be solved as follows :

PV = $7000

I = 5 %

P/Yr = 12

PMT = - $800

N = 5

FV = ?

Solving for FV by inputting the values as above in the calculator we get $3,114

Conclusion :

The student owes $3,114 after 5 months

A company is open for business from 9:00 a.m. to 5:00 p.m., five days a week, and it wants to hire two people to fill one forty-hour-per-week position at the company. Which of the following best describes an alternative work schedule that could suit this organization’s circumstances? a. Extended work schedule b. Job sharing c. Alternative workplaces d. Compressed workweek e. Job characteristics approach

Answers

Answer:

a. Extended work schedule

Explanation:

In the case when the company is opened from morning 9:00 am to evening 5:00 pm and in a week five days is a working also it wants to hire two people in order to fill 140 hours per week at the company

SO the best alternative work schedule would be the extended work schedule as it is best for those who wants to work as a part time

Therefore the correct option is a.

And the rest of the options are wrong

An extended work schedule is the alternative work schedule that will suit the organization’s circumstances.

An extended work schedule refer to work period which are longer than normal workdays.

Here, the company opens from morning 9:00 am to evening 5:00 pm in five days a week and wants to hire two people to fill 140 hours per week at the company

The extended work schedule is the best schedule to suit the situation because the employee will paid if they opt to work extra hours when out of work schedule.

Hence, the extended work schedule is the alternative work schedule that will suit the organization’s circumstances.

Therefore, the Option A is correct.

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If lane 1 and 2 permit right turns and you are going to turn right from lane on what lane should you turn into?

Answers

Answer:

you would need to turn into the left lane to be able to take a right turn

Explanation:

Hope this helps

f the demand for houses increases, the wage of Wage carpenters will ____ and the quantity will ____. Assume bricks and wood are substitute resources. If the price of bricks increases, the price of wood ___ and the quantity ____. If the government removes all regulations for becoming a dentist. The wages for dentists will ____ and the quantity will ___. Assume a company uses two resources, workers and robots, and the MRC for each is $20. Currently the MRP of the last worker hired is $30 and the MRP of the last robot is $10. The company should ____ the number of workers and ____ Quantity of Labor the number of robots.

Answers

Answer:

If the demand for houses increases, the wage of Wage carpenters will INCREASE and the quantity will INCREASE. Assume bricks and wood are substitute resources. If the price of bricks increases, the price of wood INCREASE and the quantity WILL INCREASE. If the government removes all regulations for becoming a dentist. The wages for dentists will DECREASE and the quantity will INCREASE. Assume a company uses two resources, workers and robots, and the MRC for each is $20. Currently the MRP of the last worker hired is $30 and the MRP of the last robot is $10. The company should INCREASE the number of workers and DECREASE the number of robots.

Explanation:

If the price of a substitute product increases, the demand of your product will increase. If the demand of a complement product increases, the demand of your product will increase. If regulations are eliminated, the supply of any good or service should increase, shifting the supply curve to the right, increasing quantity and decreasing price. A company will continue to hire labor until marginal cost = marginal revenue.

The RideEm Bicycles factory can produce 140 bicycles in a day at a total cost of $10,600. It can produce 160 bicycles in a day at a total cost of $11,400. What are the company's daily fixed costs (in dollars)

Answers

Answer:

Fixed costs= $5,000

Explanation:

To calculate the fixed costs, we need to use the high-low method.

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (11,400 - 10,600) / (160 - 140)

Variable cost per unit= $40

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 11,400 - (40*160)

Fixed costs= $5,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 10,600 - (40*140)

Fixed costs= $5,000

What is an organization?
Pls answer me fast

Answers

Answer:

A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services, to meet needs of the customers

Cindy is a salesperson employed by a window manufacturing company, and she travels to various locations to sell her products. She drives 12,000 miles a year. She adequately accounts to her employer for her business expenses. Her employer reimburses her $4,200 for the mileage driven at 35 cents per mile. Based on the standard mileage rate of 58 cents per mile, her expense was $6,960. Cindy is entitled to deduct on Schedule A, Itemized Deductions, transportation expenses of

Answers

Answer:

$2,760

Explanation:

Based on the information given Cindy is entitled to deduct transportation expenses of the amount of $2,760 ($6,960-$4200) reason been that we were told that based on the standard mileage rate her expense was the amount of $6,960 in which her employer only reimburses her the amount of $4,200 which means that she can claim the amount of $2,760 ($6,960-$4200) as the amount that was not reimbursed to her .

Therefore Cindy is entitled to deduct on Schedule A, Itemized Deductions, transportation expenses of $2,760

Furniture Co. incurred the following costs during 2016: Conversion costs $240,000 Prime costs $210,000 Manufacturing overhead $115,000 What was the amount of direct materials and direct labor used for the year

Answers

Answer:

the amount of direct material and direct labor used is $85,000 and $125,000 respectively

Explanation:

The computation of the direct material and the direct labor used is shown below:

As we know that

Conversion cost = Direct labor + manufacturing overhead

And, the prime cost = direct material + direct labor

So the direct labor is

= Conversion cost - manufacturing overhead

= $240,000 - $115,000

= $125,000

Now the direct material is

= Prime cost - direct labor

= $210,000 - $125,000

= $85,000

hence, the amount of direct material and direct labor used is $85,000 and $125,000 respectively

The strategy map is a tool that is used: to organize the critical success factors of a company. to link the perspectives of the balanced scorecard. to enhance the sustainability of the organization. as one of the key aspects of the contemporary management environment. to implement strategy.

Answers

Answer:

Option B (to link...........scorecard) is the correct choice.

Explanation:

The strategy mapping would be an effective diagram that depicts the company's strategy at that same quick look. If another company uses performance management, such a map seems to be very useful. It utilizes arrows among both objectives but instead shows the correlational factors. Besides example, enhanced customer knowledge leads to greater profit margins as well as outcomes from enhanced joint ventures but instead quality improvements.

Other possibilities aren't connected to the type of situation in question. Therefore this obvious response seems to be the correct one.

A strategy map is a tool that is used to link the perspectives of the balanced scorecard.

It is a visual representation of how an organization's strategic objectives relate to each other and how they contribute to the overall success of the organization.

The four perspectives of the balanced scorecard are:

Financial: How do we look to shareholders?Customer: How do our customers see us?Internal Processes: What must we excel at?Learning & Growth: How can we continue to improve and create value

The strategy map shows how the objectives in each perspective are linked together and how they contribute to the overall strategy. It is a powerful tool for communicating strategy and for ensuring that everyone in the organization is aligned with the organization's goals.

The other options are also correct, but they are not the primary purpose of the strategy map.

The strategy map can be used to organize the critical success factors of a company, to enhance the sustainability of the organization, and as one of the key aspects of the contemporary management environment.

Therefore, its primary purpose is to link the perspectives of the balanced scorecard.

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• Herb and Alice are married and me a joint return. Herb is 74 years old. Alice tumed 70 on February 3, 2020. Neither are blind.
• Herb is a retired school teacher, but continues to work part-time as a substitute teacher. Alice is retired.
• Herb earned $15,000 in wages. They also receive pension and Social Security Income and sold some stock. Their combined AGI is $45.000
• Both Herb and Alice are U.S. citizens and have valid Social Security numbers.
What is the maximum contribution Herb and Alle can make to their traditional IRAS?
A. $0 because Herb and Alice are both over 70 1/2
B. $6,000 for Herb and $6,000 for Alice
C. $7,000 for Herb, because he is over 50, and $0 for Alice because she had no eamings
D. $7,000 for Herb and $7,000 for Alice

Answers

Answer:

The maximum contribution Herb and Alice can make to their traditional IRAs are:

C. $7,000 for Herb, because he is over 50, and $0 for Alice because she had no earnings.

Explanation:

Formerly instead of contributing to the traditional IRAs, Herb can contribute $7,000 maximum to the Roth IRA and Alice $0 since they are above 70 1/2 and Alice does not earn any income.  However, under the terms of the SECURE Act of 2019, all retirees, like Herb and Alice, can now contribute to traditional IRAs if they earn income.  As retirees, Herb and Alice can continue to contribute earned funds to their Roth IRA indefinitely.

You decide to save a uniform amount at the end of each month for 12 months so you will have $1000 at the end of 1 yr. The bank where you have a savings account pays 6% interest per annum compounded monthly. How much money do you need to deposit each month

Answers

Answer:

$81.13

Explanation:

first we must calculate the effective monthly interest rate:

1.06 = (1 + i)¹²

1.004868 = 1 + i

i = 0.4868%

the future value of this annuity is given, but we need the monthly contribution:

monthly contribution = future value / FV annuity factor

future value = $1,000

FV annuity factor, 0.4868%, 12 periods = 12.32656

monthly contribution = $1,000 / 12.32656 = $81.13

Critics of stabilization policy argue that:__________
a. there is a lag between the time policy is passed and the time policy has an impact on the economy.
b. the impact of policy may last longer than the problem it was designed to offset.
c. policy can be a source of, instead of a cure for, economic fluctuations.
d. All of the above are correct.

Answers

Answer:

All of the above are correct.

Explanation:

Critics of stabilization policy argue that there is a lag between the time policy is passed and the time policy has an impact on the economy, the impact of policy may last longer than the problem it was designed to offset and policy can be a source of, instead of a cure for, economic fluctuations.

We require stabilization policy to keep economy stable. Contractionary policies during inflation and expansionary during recession keeps the economy stable. But there is time lag between policy required and acted upon because it takes time to understand the situation and making and implementing the policy.

Critics of stabilization policy argue that "there is a lag between the time policy is passed and the time policy has an impact on the economy", "the impact of policy may last longer than the problem it was designed to offset". The correct option is D.

Critics of stabilization policy argue that time lag can lead to inefficiencies in addressing economic issues. They assert that the impact of the policy may last longer than the problem it was designed to offset potentially creating new challenges and unintended consequences.

Misguided or poorly implemented policies can exacerbate economic problems or create new imbalances.

Therefore, the correct option is D.

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This activity is focused on understanding what international business is, why and how it differs from domestic business, why it is important, and its historical development. International business is a broad and potentially complex field of study and practice. There are many different definitions and concepts that are critical to this field, and this activity will emphasize several of the most critical ones that are used throughout the text. Understanding these terms and concepts will help students, managers and policy makers to better understand what international business is, how it differs from domestic business, why it is becoming increasingly important, and how international business has evolved throughout history.

Answers

Answer:

ang haba naman po

Explanation:

kaya niyo na iyan hehe

This activity is focused on understanding what international business is international business refers to the commercial activities that involve transactions across borders including the exchange of goods, services, capital and knowledge between countries.

It differs from domestic business due to factors like currency fluctuations, legal systems, cultural variations and geopolitical risks. Its importance has grown as globalization fosters interconnected economies and expanded markets.

The critical concepts include foreign direct investment, multinational corporations, global supply chains, international trade agreements and cultural sensitivity.

For understanding these terms allows students, managers and policy makers for the complexities of operating in a globalized world, navigate international markets and make informed decisions.

The historical development of international business reflects the evolution of trade, technology and geopolitical relations shaping today's interconnected global economy.

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Please help, please



QUESTION 2 of 10: You have enough inventory ($3,000,000) to last 30 days for the current orders being processed. However, a new order came in today, which has to be fulfilled in 15 days. This new order will deplete your inventory completely by that time. How much money in inventory must be ordered to last the month? O a) $1,000,000 Ob) $1,250,000 O c) $1,500,000 O d) $3,000,000​

Answers

Answer:

c) $1,500,000

Explanation:

Typically inventory for $3,000,000 will last for 30 days. The current order will be depleted by the 15th, which is half of 30 days. You require inventory to run for another 15 days. The inventory required will be half or $3,000,000

=$3,000,000 /2

=$1,500,000

Webb Corporation's trial balance for July 31, the end of its fiscal year, included the following accounts:

Accounts Receivable

$32,000

Inventories

47,000

Franchise

39,000

Investments

47,000

Prepaid Insurance

5000

Note Receivable

96,000

Cash in Bank

11000



The investment account consists of marketable securities of which management plans to sell half of by December 31. Prepaid insurance is a two-year policy that was purchased on July 31. The note receivable is an installment note that will be paid in three equal installments on December 31 of each year.

The amount that should be classified as current assets in the July 31 balance sheet is:

Answers

Answer:

ok

Explanation:

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