Please answer both of the following questions:
Homework Answers
8. Option 2. An information product Explanation: Information products need high fixed costs and are dependent upon knowledge and information inputs.
9. Option 2. Relative ease of entry into the market Explanation: A monopolistically competitive firm earns normal profit in the long-run and it faces a downward sloping demand curve. Also, it sells differentiated products.
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Please answer both of the following questions:
QUESTION 8 A good that entails relatively high fixed...
Please answer the 3 following questions: QUESTION 7 The meaning of interdependence in a monopolistically competitive...
Please answer the 3 following questions:
QUESTION 7 The meaning of interdependence in a monopolistically competitive market is that firms will not take into account the reaction of rival firms. that it is difficult for firms to get together to collude. that products produced by firms will be good substitutes. that price rigging commonly occurs. QUESTION 8 A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production...
answer all the questions Question 1:Marketing begins with a product, a good, service, or idea. Ture or False Questio...
answer all the questions
Question 1:Marketing begins with a product, a good, service, or idea. Ture or False Question 2: Utility is the benefit of a product compared to its costs. C True or false Question 3: Inflation and interest rates are major factors affecting the economic environment. True or false Question 4: A coupon is a form of sales promotion. True or false Question 5: The type of competition based on buyers' perceptions of the benefits of products offered...
Please answer the 3 following questions: QUESTION 3 Which of the following is NOT a characteristic...
Please answer the 3 following questions:
QUESTION 3 Which of the following is NOT a characteristic of firms in a monopolistically competitive market? O advertising differentiated products existence of significant economies of scale o ease of entry and exit QUESTION 4 For a firm that sells an information product, the long-run equilibrium exists at a point at which economic profits are O negative. zero. O positive. dependent upon the particular product. QUESTION 5 Advertising intended to reach as many consumers...
These three questions please！ Question 32 (1 point) Because a monopolistically competitive firm has some market...
These three questions please！
Question 32 (1 point) Because a monopolistically competitive firm has some market power, in the long-run what does the price of its good exceed? its average u its average total cost its marginal cost its profit per unit Question 33 (1 point) In monopolistically competitive markets, what does the property of free entry and exit suggest? The market structure will eventually be characterized by perfect competition in the long run. O All firms earn zero economic...
Please answer and explain the steps involved in each. 20. The rate of product transformation refers...
Please answer and explain the steps involved in each.
20. The rate of product transformation refers to a. how a consumer can trade one good for another while still maximizing his or her utility. b. how a firm can substitute one input for another and still maintain the same production level. c. how production of one good can be substituted for another while still using a fixed supply of inputs efficiently. d. how quickly a firm can produce a final...
Please help me in both questions, thank you very much :) QUESTION 6 According to the...
Please help me in both questions, thank you very much :)
QUESTION 6 According to the Herald Sun Newspaper, a study by the Centre for International Finance found that Australian monopolies perform better compared to monopolies elsewhere. Surprisingly, the research found that companies with monopoly power in Australia were three times more likely to invest in research and development than companies in competitive markets Which of the following are valid explanations for the existence of monopolies? 1. They have exclusive...
Please help with these questions Question 37 0.4 pts Use the following scenario to answer the...
Please help with these questions
Question 37 0.4 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston, Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will stay where it is. increase in the short run decrease in the long run. decrease in the...
Please solve the final answer for all following 8 multiple choice questions 1. The Future challenge...
Please solve the final answer for all following 8 multiple choice questions 1. The Future challenge of Food Security in the UAE relates to O The increasing size of the UAE population and the resulting increasing demand for food O How to improve domestic agricultural production O The stability of global food trade system O All of the above O There will not be any food security challenge for UAE at all in the future 2. When a total real...
Please do all seven thank you!! Question 2 Inconect The problems of high prices, inefficient production...
Please do all seven thank you!!
Question 2 Inconect The problems of high prices, inefficient production inefficient allocation of resources, and lack of change/innovation are most likely to occur in what market structure? . 0.00 points out of 100 Select one a monopoly Pflag question b. none of the above this combination of problems cannot happen together in one market structure c oligopoly d. monopolistic competition e. perfect competition on 3 incorrect If there are significant barriers to entry, then...
Please help me answer theses practice questions QUESTION 2 Which of the following can a country...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
Please answer the 3 following questions:
QUESTION 7 The meaning of interdependence in a monopolistically competitive market is that firms will not take into account the reaction of rival firms. that it is difficult for firms to get together to collude. that products produced by firms will be good substitutes. that price rigging commonly occurs. QUESTION 8 A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production...
answer all the questions
Question 1:Marketing begins with a product, a good, service, or idea. Ture or False Question 2: Utility is the benefit of a product compared to its costs. C True or false Question 3: Inflation and interest rates are major factors affecting the economic environment. True or false Question 4: A coupon is a form of sales promotion. True or false Question 5: The type of competition based on buyers' perceptions of the benefits of products offered...
Please answer the 3 following questions:
QUESTION 3 Which of the following is NOT a characteristic of firms in a monopolistically competitive market? O advertising differentiated products existence of significant economies of scale o ease of entry and exit QUESTION 4 For a firm that sells an information product, the long-run equilibrium exists at a point at which economic profits are O negative. zero. O positive. dependent upon the particular product. QUESTION 5 Advertising intended to reach as many consumers...
These three questions please！
Question 32 (1 point) Because a monopolistically competitive firm has some market power, in the long-run what does the price of its good exceed? its average u its average total cost its marginal cost its profit per unit Question 33 (1 point) In monopolistically competitive markets, what does the property of free entry and exit suggest? The market structure will eventually be characterized by perfect competition in the long run. O All firms earn zero economic...
Please answer and explain the steps involved in each.
20. The rate of product transformation refers to a. how a consumer can trade one good for another while still maximizing his or her utility. b. how a firm can substitute one input for another and still maintain the same production level. c. how production of one good can be substituted for another while still using a fixed supply of inputs efficiently. d. how quickly a firm can produce a final...
Please help me in both questions, thank you very much :)
QUESTION 6 According to the Herald Sun Newspaper, a study by the Centre for International Finance found that Australian monopolies perform better compared to monopolies elsewhere. Surprisingly, the research found that companies with monopoly power in Australia were three times more likely to invest in research and development than companies in competitive markets Which of the following are valid explanations for the existence of monopolies? 1. They have exclusive...
Please help with these questions
Question 37 0.4 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston, Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will stay where it is. increase in the short run decrease in the long run. decrease in the...
Please do all seven thank you!!
Question 2 Inconect The problems of high prices, inefficient production inefficient allocation of resources, and lack of change/innovation are most likely to occur in what market structure? . 0.00 points out of 100 Select one a monopoly Pflag question b. none of the above this combination of problems cannot happen together in one market structure c oligopoly d. monopolistic competition e. perfect competition on 3 incorrect If there are significant barriers to entry, then...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
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