Which of the following statements is true for a perfectly competitive firm but NOT true for a monopoly?

a) The firm's price is equal to its average revenue.
b) The firm cannot affect the market price for its good.
c) It is difficult for other firms to enter the industry.
d) The demand for the firm's product is unit elastic.
e) The firm must lower its price in order to sell more of its product.

Answers

Answer 1

The statement that is true for a perfectly competitive firm but not true for a monopoly is the firm cannot affect the market price for its good. (option b)

What is a perfect competition and a monopoly?

A perfect competition is when there are numerous buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into a perfectly competitive firm. The demand for the firm's product is perfectly elastic.

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. it sets the price for its goods and services. An example of a monopoly is a utility company

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Answer 2

Option E. The answer that is true for the perfectly competitive firm but NOT true for a monopoly is The firm must lower its price in order to sell more of its product.

What is meant by the monopoly?

A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve is, by definition, the demand curve that the monopolist faces.

a market arrangement in which there is just one seller and only one type of goods available. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.

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Related Questions

Which of the following would be an example of expansionary fiscal policy?

a) A reduction in interest rates.

b) A reduction in government subsidies to farmers.

c) A reduction in unemployment benefits.

d) A reduction in income taxes on low-income earners.

Answers

The statement that is  an example of expansionary fiscal policy: d) A reduction in income taxes on low-income earners.

What is  expansionary fiscal policy?

Expansionary fiscal policy has to do with reduction in tax as well as increasing government spending or the amount that government spend on project.

An example of expansionary fiscal policy is to reduce the amount that low income earner pay for tax by making use of progressive tax payment system.

Therefore the correct option is D.

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According to the U.S. Public Health Service, which of the following would be considered a significant financial interest?
An equity interest valued at $10,000 or more that is not related to the investigator's institutional responsibilities.
Income from the university where the investigator is currently employed.
Travel expenses reimbursed by a U.S. institution of higher education.

An equity interest valued at $5,000 owned by the investigator's spouse in a company that produces products related to the investigator's institutional responsibilities.

Answers

According to the U.S. Public Health Service, the statement that would be considered a significant financial interest is when an equity interest valued at $5,000 owned by the investigator's spouse in a company that produces products related to the investigator's institutional responsibilities. The Option C is correct.

What is a financial interest?

Generally, a financial interest refers to an ownership stake in an equity security or debt security issued by an entity such as including the rights and obligations to acquire such an interest. For instance, an auditor is interested in the financial interests he or she holds in an attest client, since these investments can impact the auditor’s level of independence in relation to the client.

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Which of the following is true regarding the fire department service charge under the Builders Risk form? A. It is an automatic coverage for $500 B. It is not available in this form C. It is a high-deductible endorsement D. It is an additional coverage

Answers

The fire department service charge under the Builders Risk form is additional coverage. Thus, option 'D' is the correct option.

What is additional coverage?

Addition to a primary policy that permits the insurance of a person or organization in addition to the policyholder is known as additional coverage. Usually, general liability insurance policies include supplementary coverage.

The additional person(s) may be covered by insurance for a single incident or for the duration of the policy. Before being approved and included in the policy, the person or persons being added must fulfil a certain set of standards.

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Which of the following are low- or no-cost means of advertising a job opening? (Check all that apply)
- College placement office
- Trade association
- Word of mouth

Answers

Word of mouth is a low- or no-cost means of advertising a job opening. Thus, option 'C' is the correct option.

What is a job advertisement?

A notification that a particular work opportunity is open is known as job advertising. It is written in an enticing style and includes details about the employment opportunity as well as your business and the perks you provide. Especially if you have a sizable following on social media, it may be a terrific location to market your position.

On social sites, you are free to post a job advertisement. You could launch a PPC (pay-per-click) or PPA (pay-per-applicant) campaign if free advertising doesn't get the desired response, but that may get pricey very fast. Many employment boards provide introductory discounts for your initial posting.

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Can I receive foreign remittance?

Answers

Answer:

You can receive money from overseas directly into your bank account, using an international money transfer service. You’ll need to provide your bank details so the sender can set up an online account with the international money transfer provider and exchange the money into your desired currency.

5. The process of production is complete
when...
A.goods of the right quality and
quantity reach the consumers.

B.the manufacturer produces a given
amount of goods.

C. retailers prepare goods for sale to consumers.

D. wholesalers buy goods from the
manufacturer.

Answers

The process of production is complete when retailers prepare goods for sale to consumers. Hence, Option C is correct.

What is the production process?

Capital, labour, technology, land, and other resources are considered factors of production because they are utilised to produce output, which includes commodities and services.

One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be nothing produced that could be sold to buyers as finished goods.

Therefore, Option C is correct.

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This captures the project's performance by examining schedule and budget in monetary terms over time. Resource chart Gantt chart Earned value analysis PERT chart

Answers

An earned value analysis is the analysis that captures the project's performance by examining schedule and budget in monetary terms over time. The Option C is correct.

What is an earned value analysis?

An earned value analysis refers to a method that allows the project manager to measure the amount of work actually performed on a project beyond the basic review of cost and schedule reports.

The analysis provides a method that permits the project to be measured by progress achieved. With this, the project manager is able, by using the progress measured, to forecast a project’s total cost and date of completion, based on trend analysis or application of the project’s burn rate.

Full question "This captures the project's performance by examining schedule and budget in monetary terms over time. a. Resource chart b. Gantt chart c. Earned value analysis d. PERT chart

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Over a particular period, an asset had an average return of 12.2 percent and a standard deviation of 20.8 percent. What range of returns would you expect to see 95 percent of the time for this asset? What about 99 percent of the time?

Answers

A. The range of returns would you expect to see 95 percent of the time for this asset is -29.4% to 53.8%.

B. For 99 percent of the time, the range will be between -50.2% to 74.6%

How to calculate the range

A. 95% of time, the return lies within two standard deviation

lower bound = 12.2% - 2* 20.8% = -29.4

upper bound = 12.2% + 2* 20.8% = 53.8

The expected range is -29.4% to 53.8%

B. 99% of time, the return lies within three standard deviation

lower bound = 12.2% - 3* 20.8% = -50.2%

upper bound = 12.2% + 3* 20.8% = 74.6%

The expected range is - 50.2% to 74.6%

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Check each of the following that apply to the Classical theory. (check all that apply) Became popular following "The General Theory in 1936 was advocated for by Milton Friedman was advocated for by Adam Smith no self-correcting economy has a horizontal AS curve supply-side economics Say's Law 2 Check all of the following that pertain to fiscal policy. (check all that apply) Federal Reserve Tax rates Tax revenue President and Congress Government regulations Check all of the following that are supply-side factors of economic growth. (check all that apply) lower taxes less government regulation free trade availability of savings for investment

Answers

The true statement that applies to the Classical theory was that its became popular in America in 1776. The Option A is correct.

What is a Classical theory?

It is a theory that implies every complex concept has a classical analysis, where a classical analysis of a concept is a proposition giving metaphysically necessary and jointly sufficient conditions for being in the extension across possible worlds for that concept.

The statement that pertain to fiscal policy is that an Increasing T and decreasing G in an overheated economy. The Option C is correct.

What Is Fiscal Policy?

In economics, a fiscal policy means the use of government spending and tax policies to influence economic conditions, most especially macroeconomic conditions. These could include an aggregate demand for goods and services, employment, inflation, and economic growth.

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According to a 2012 study performed by the International Data Corporation (IDC), 90% of world's data...

Question options:

A)
is structured data.

B)
is in a relational database.

C)
was produced in the last two years.

D)
will never be used.

Answers

According to a 2012 study performed by the International Data Corporation (IDC), 90% of world's data was produced in the last two years.

How does IDC work?

The information technology, telecommunications, and consumer technology markets are served best by International Data Corporation (IDC), a leading global source of industry intelligence, advisory services, and events. Framingham, Massachusetts serves as the home base for IDC, which was established in 1964. It is a division of International Data Group, a provider of technology-related media, events, and research.

For market sizing and forecasting, International Data Corporation consults a range of primary and secondary sources, including, but not restricted to, IT vendor interviews, open financial records, historical market data, and user surveys. Worldwide Consumer Market Model from IDC is the complete Model is the only model that, based on a single reliable model, delivers global statistics for the most significant consumer internet metrics for 51 nations, regions, and the entire world.

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By default, the hyperlink will display the text in the hyperlink itself, such as the web URL.
How can this behavior be modified?
Link to
Look in
Text to Display
Display Alt Text

Please just give a straight answer.

Answers

We can see that by default, the hyperlink will display the text in the hyperlink itself, such as the web URL. This behaviour be modified in the following way: Display Alt Text.

What is hyperlink?

A hyperlink is actually known to be a link that makes reference to a data that a user can follow. Users can click or tap on the links and be guided. Hyperlink can actually point to a whole document or some specific element in the document.

It will be worthy to note that hypertext is usually text that has hyperlink.

We see that Display Alt Text will be the way that the stated behaviour can be modified.

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If employees come in to start work early, or stay beyond scheduled hours, or come in to work on days off,

A. the extra time put in on the job could be used to re-classify those employees from non-exempt to exempt

B. the extra time put in on the job could qualify those employees for overtime pay

C. under the FLSA, they have volunteered their services for that extra time

D. none of these

Answers

If employees come in to start work early, or stay beyond scheduled hours, or come in to work on days off, B. the extra time put in on the job could qualify those employees for overtime pay.

What is Overtime Compensation?

In a case whereby a worker has to work more than the fixed normal working hours, can be considered as an overtime however there is no statutory provision on the overtime work limit and overtime pay.

It should be noted that Overtime  can be seen as the amount of time someone works beyond normal working hours , hence theterm is also used for the pay received for this time.

In conclusion, If employees come in to start work early, or stay beyond scheduled hours, then the extra time put in on the job  can be seen as one that make the employees to be eligible for overtime pay.

Therefore, option B is correct.

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4. Infosys is hosting a conference in one of its Development Centers (DCs) which would be attended by delegates from various companies. Which of the following actions are NOT in compliance with the Infosys Security Policies​

Answers

It is against the policy of the organization. Providing credentials in the hardcoded source mode is against the company policy.

What are Hardcoded credentials?

The process of embedding authentication data, such as user IDs and passwords, directly into the source code of a program or other executable object is known as "hard-coding credentials." This contrasts with getting the credentials from outside sources or creating them during runtime.

Thus, it is not acceptable for the credentials to be hardcoded in source mode. This contrasts with getting the credentials from outside sources or creating them during runtime.

a corporation may repurchase its shares of stock because management

Answers

Answer: the management believe that the stock is undervalued

Explanation:

what is the total amount of high-quality energy available after the energy needed to make it available is subtracted? group of answer choices net energy gross energy entropy total energy useful energy

Answers

The total amount of high-quality energy available after the energy needed to make it available is subtracted is the net energy

What is Net Energy?

This refers to the total amount of energy that is left after necessary or needed energy to perform a particular work has been used and this remaining energy can still be used.

Hence, it can be seen that from the list of available answer choices, it can be seen that net energy is the correct answer because this is the total amount of high-quality energy available after the energy needed to make it available is subtracted

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5. B Company is considering the purchase of a piece of equipment that costs
$23,000. Projected net annual cash flows over the project's life are:
Year
1
2
3
4
Net Annual Cash Flow
$3,000
$ 8,000
$15,000
$4 9,000
Find the payback period?

Answers

The payback period is 2.08 years.

What is the payback period?

The term "payback time" refers to the number of years needed to recoup the initial monetary outlay. the length of time that machinery, equipment, or any other asset has generated enough net income to pay its capital investment.

Net Annual Cash Flow is given as:

1 $3,000

2 $8,000

3 $15,000

4 $9,000

The payback period will be calculated as:

Cash payback period  Years before the recovery of investment +(Unrecovered cost / Cash flow of that year)

Payback period = 2 years + (12000/15000)

Payback period = 2 + 0.8 years

Payback period = 2.08 years

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Alana has just joined a chapter of FBLA-PBL. Which of the following skills will she most likely gain with FBLA-PBL?
A. Cooking skills
B. Writing skills
C. Athletic skills
D. Public speaking skills

Answers

Public speaking skills will she most likely gain with FBLA-PBL. Thus option (D) is correct.

What are skills?

A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.

Through creative leadership and professional development programs, FBLA-PBL aims to foster a productive working partnership between business and education. Career exploration, community service, economic education, and the development of technical skills are all examples of extracurricular activities.

Therefore, Thus option (D) is correct.

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the importance of preparing your home for sale is that it can make for a fast and financially favorable sale. True / False

Answers

Answer:

True

Explanation:

the constitution explicitly limits state authority from all of the following except:____.
A)​making treaties with foreign nations.
​B)coining money.
​C)creating bills of attainder.
​D)collecting taxes.

Answers

The constitution explicitly limits state authority from all of the following except: ​D)collecting taxes.

What is tax?

Tax can be defined as the amount that a person is expected to remit to the federal or state government and this tax money is a source of revenue for the government.

The constitution  gave the  state authority to  collect tax amount from individual who file tax return but prohibit them form doing the following:

Making treaties with foreign nations.Coining money.Creating bills of attainder.

Therefore the correct option is D.

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a step in a customer’s journey that involves researching information and comparing alternatives is called

Answers

A step in a customer’s journey that involves researching information and comparing alternatives is called: consideration.

What is consideration?

Consideration is a step in the customer's journey where individuals who want to purchase items from a customer spend time evaluating the seller to be sure that they are the right choice for them.

At this stage, the customer makes in-depth research to be very certain that the seller can provide the value that they seek. He may also consider alternatives. So, the answer to the prompt about the step in the customer's journey that this scenario represents is Consideration.

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when the u.s. government has a deficit, history tells us that it will most likely finance the deficit by:

Answers

When the u.s. government has a deficit, history tells us that it will most likely finance the deficit by: Borrowing money.

What is budget deficit?

Budget deficit can be defined as the way in which the expenses of a nation is greater that their revenue and this can tend to occur as a result of increase in government spending of that nation.

A nation that is experiencing budget deficit can tend to finance the deficit by borrowing money from other nations just as in the case of the u.s government in which they will most likely have  to borrow money due to the deficit they experience as at that time so as to enables them finance deficit.

Therefore we can conclude that the u.s government will most likely borrow money to finance the deficit they had.

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z is a standard normal random variable. What is the value of z if the area between -z and z is 0.7540?

Answers

Z is a standard normal random variable. The value of z if the area between -z and z is 0.7540 is z = 1.16

What is a standard normal random variable?

Generally, typical normal random variable. A random variable with a normal distribution and mean equal to zero and standard deviation equal to one is referred to as a standard normal random variable. Consistently, it will be represented with the letter Z.

The normal distribution can take on a few different forms, one of which is the standard normal distribution. When a normal random variable has a mean that is equal to zero and a standard deviation that is equal to one, it is said to have this condition.

To put it another way, the standard normal distribution is a type of normal distribution that has a mean value of zero and a standard deviation value of one.

P(-z < Z < z) = 0.7540

[tex]P(Z < z) - P(Z < z) = 0.7540\\\\2P(Z < z) - 1 = 0.7540[/tex]

[tex]2P(Z < z) = 1 + 0.7540\\\\2P(Z < z) = 1.7540[/tex]

P(Z < z) = 1.7540 / 2

P(Z < z) = 0.877

z = 1.16

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CQ attached below

whether a firm classifies an input as fixed or variable depends on the contribution that input makes to the firm's output. group of answer choices true false

Answers

False. Whether a firm classifies an input as fixed or variable depends on the contribution that input makes to the firm's output

What is a fixed or variable cost?

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.

Over a given time frame, fixed costs are constant. Depending on the company's output, variable costs may go up or down. Rental fees, taxes, and insurance are some instances of fixed costs. Direct labor, commission, and credit card fees are a few examples of variable costs.

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Which type of interest group benefits are the most widespread and important category of selective benefits offered to group members?

Answers

The type of interest group benefits which are the most widespread and also important for selective benefits offered are Informational benefits.

What are informational benefits?

Informational benefits are those benefits that an interest group offers to its group member which are meant to keep them informed on the activities of the group.

These benefits are the most widespread benefits received. They are also important because by showing information on the group's activities, members are better informed of their progress. Some examples of informational benefits include magazines and fliers. There are also other materials which are to ensure that information is disseminated.

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when it becomes difficult to fulfill family requirements because of time devoted to work, participation in work, or specific work behaviors, it is likely to

Answers

Work-family conflict is likely to be created in a situation where the individual is unable to meet family requirements due to time devoted to work.

What is a work-family conflict?

It corresponds to a type of negative situation where problems begin to arise due to the lack of time management to fulfill the requirements of the family or work effectively, when for example the individual is more dedicated to work or more to the family.

It is necessary that in a case like the one in the question, where the individual dedicates more time to work and not to the family, there is an understanding of the reasons that are leading to this context, as a job that requires a lot of responsibility, so that then the individual develop the best solution to balance both.

Therefore, it is necessary to have time management to manage the family, work and leisure, in addition to communication and empathy, seeking specialized help from a psychologist if necessary to resolve the conflict.

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Everyone shares a responsibility in maintaining the Microworkers community. All of these are proper conduct in Microworkers participation, except:
Familiarizing the FAQ before submitting a support message
Submitting threatening messages to Support
Adhering to the Terms of Use laid out by Microworkers
Reviewing own tasks before submitting a complain to ensure basis

Answers

Everyone shares a responsibility in maintaining the Microworkers community. All of these are proper conduct in Microworkers participation, except  reviewing own tasks before submitting a complain to ensure basis

What are the conduct in Microworkers participation?

Conduct in Microworkers participation can be described as the quiding principles that is used to direct the activities of the member of the community.

And this entails the adherence to the Terms of Use laid out by Microworkers as well as Familiarizing the FAQ .

Therefore, the last option is correct.

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When prices rise, a. real estate is a better unit of account than money. b. money is a worse medium of exchange than real estate. c. money is a better store of value than real estate. d. real estate is a better store of value than money.

Answers

When prices rise,  d. real estate is a better store of value than money.

What is increase in price?

Increase in price is when the price of goods and service is on the high side  and this tend to occur when the cost of production is high. The effect of price rise is the it lead to low demand of goods and service.

When rise investing in real estate is a goods choice based on the fact that it enables you to invest and have value for your money because investing in real estate is an asset.

Therefore the correct option is D.

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In case where one consistent job evaluation plan is used to set pay throughout a firm or organization, women nearly always receive ______ wages relative to men.

Answers

In case where one consistent job evaluation plan is used to set pay throughout a firm or organization, women nearly always receive higher wages relative to men.

What does job evaluation plan mean?

A job evaluation refers to a systematic way in which a company determines the value/worth of a job in relation to other jobs in an organization. This system make a comparison between jobs to assess their relative worth for the purpose of establishing a rational pay structure.

By using a job evaluation plan, this helps the company to determine the internal value of a job in order to assign the appropriate salary level. It also helps to defines the compensable factors used to assess the relativity of jobs within an organization.

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in 2015 an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP?
a. Inputs to GDP are all qualitative, not quantitative.
b. Governments are required to change GDP calculations every five years.
c. If the measurement of economic activity evolves, GDP can change.
d. Because the GDP is official, its numbers are not subject to interpretation.

Answers

If the measurement of economic activity evolves, GDP can change. Thus option (C) is correct.

What is economics?

The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.

Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services. For the government, is a normative judgment. More efficient tautens and higher levels of productivity and worldly activity increase economic growth.

Therefore, option (C) is correct.

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companies allow customers to pay for products using third-party credit cards because: (check all that apply.)

Answers

The reasons why companies allow customers to pay for products using third-party credit cards include:

a variety of payment options typically increase sales volume.the seller does not have to evaluate customer credit.cash is received from the credit card company faster than from a credit customer.the seller avoids the risk of customer non-payment.

Why do companies allow third-party credit card payments?

Companies will often allow a customer to pay using a third-party credit card for several reasons. The first is that when a customer is able to use third-party credit cards, they will be more likely to make more purchases because they will be able to fund it from different credit cards they hold, thereby increasing sales volume.

Sellers also do not have to evaluate the credit of a customer so they will not care much for what limits exist on the card. Credit card companies also pay companies faster for purchases so they are preferred to customers who buy on credit. Finally, companies allow third-party credit card payments to avoid the risk that a customer will not pay as they could simply request for payment from the credit card company.

Options for this question are:

a variety of payment options typically increase sales volume.the seller does not have to evaluate customer credit.cash is received from the credit card company faster than from a credit customer.the seller avoids the risk of customer non-payment.

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