BUSINESS COLLEGE

Compared to a perfectly competitive firm having the same cost curves, a monopolistically competitive firm ________ output and ________ prices.

Answers

Answer 1
Answer:

Answer:

Reduces

Raises

Explanation:

Compared to a perfectly competitive firm having the same cost curves, a monopolistically competitive firm reduces output and raises prices.

The topic that explains this is economic efficiency and resource allocation.

Related Questions

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Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1, 2019. The bonds pay interest semiannually on July 1 and January 1. The maturity date on these bonds is December 31, 2028. The firm uses the effective interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of 9%. Barnett incurred legal and investment banking fees of $22,000 in issuing the bonds and amortizes these costs annually on a straight-line basis.Required:1. Calculate the selling price of the bonds.2. Prepare journal entry for the issuance of the bonds and bond issue costs.3. Assume that Barnett uses IFRS. Prepare the journal entry for the issuance of the bonds.
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The process for converting present values into future values is called compounding. This process requires knowledge of the values of three of four time-value-of-money variables. Which of the following is not one of these variables? A. The interest rate (I) that could be earned by deposited fundsB. The present value (PV) of the amount depositedC. The duration of the deposit (N)D. The trend between the present and future values of an investment

Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new model of refrigerator made out of a synthetic material would sell well at a price of $260 per unit. Labor costs are estimated at $32 per unit and overhead costs would be $24 per unit. The major uncertainty is the price of the synthetic material. Mira Mesa is in negotiations with several suppliers for the material. Because of the risk associated with the new product, Mira Mesa will only proceed if the estimated return is at least 30 percent of the selling price.Required:
What is the most Mira Mesa can pay for the synthetic material per unit (refrigerator) and meet its profitability goal?

Answers

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit                                        $260

Less

estimated return (260x30%) =                    ($78)

Labor costs                                                    ($32)

Overhead costs                                            ($24)

Material                                                              $126      

Amount Mira can pay for Synthetic material per unit is $126

               

A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to a uniform distribution, i.e., evenly spread out during the hour). If there are two employees who scoop the ice-cream for the customers, and one more who deals with the payments, then what is the Taktzeit for the ice-cream scoopers? a- 72 seconds
b- 100 seconds
c- 36 seconds
d- 50 seconds

Answers

Answer: 36 seconds.

Explanation:

Based on the information given in the question, the Taktzeit for the ice-cream scoopers will be calculated thus:

First and foremost, Taktzeit refers to the time taken between the beginning of production for one unit and the beginning of the next unit.

From the information given, the available Time is 1 hour which can be converted to secunds and this will be:

1 hour = 3600 seconds

Hourly Demand = 100

Then, the takzeit will be:

= 3600/100

= 36 seconds

Medallion Cooling Systems, Inc., has total assets of $10,000,000, EBIT of $2,000,000, and preferred dividends of $200,000 and is taxed at a rate of 40%. In an effort to determine the optimal capital structure, the firm has assembled data on the cost of debt, the number of shares of common stock for various levels of indebtedness, and the overall required return on investment:,a. Calculate earnings per share for each level of indebtedness.,

b. Use Equation 13.12 and the earnings per share calculated in part a to calculate a price per share for each level of indebtedness.,

c. Choose the optimal capital structure. Justify your choice

Answers

Answer:

Explanation:

The two attached pictures shows the explanation for this problem. I hope it help you. Thank you

What is the interest rate charged per period multiplied by the number of periods per year called?a. effective annual rateb. annual percentage ratec. periodic interest rated. compound interest rate

Answers

Answer:

The correct answer is letter "B": annual percentage rate.

Explanation:

The Annual Percentage Rate or APR is the cost per year of borrowing. By law, all financial institutions must show customers the APR of a loan or credit card, which clearly indicates the real cost of the loan. It is not the same as the Interest Rate on a loan. Loans charge interest rates but usually charge other fees such as closing costs, origination fees, and insurance costs.

Inflation is 14 percent. Debt is $4 trillion. The nominal deficit is $360 billion. What is the real deficit or surplus

Answers

Answer:

Real Surplus is $200 billion

Explanation:

Inflation = 14%

Debt = $4 trillion = $4,000 billion

Nominal deficit = $360 billion

Real Deficit = Nominal deficit - (Inflation*Debt)

= $360 - 14% * 4,000

= $360 - 560

= -$200

Hence, the answer is Real Surplus of $200 billion

A university spent $1.3 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero.Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first.
Approximately how many hours per year will the solar panels need to operate to enable this project to break even?

Answers

Answer:

It will take 6,534.31 hours per year for the solar panels to operate to enable this project to break even

Explanation:

Discount rate = 30% = 0.3

Looking at one hour of operation in each year = 200 kW x $0.30 Kw/hr

= $60 value of electricity per year

Compound interest factor for a discount rate of 30% = 3.3158

(taken from compound interest factor table or computed using formula ∑1/(1+r)^t , where r = 30%, and t = 1 to 30)

Present value of operating the solar panels for 1 hour per year = 60 × 3.3158 = $ 198.95

For break even it would need to run = 1.3 million ÷ 198.95

= 6,534.31 hours per year

The solar panels need to operate for approximately 236,364 hours per year to enable this project to break even.

To determine the number of hours per year the solar panels need to operate to break even, we can calculate the present value of operating the solar panels for 1 hour per year over the 20-year lifespan of the panels.

The annual operating cost is $0.30 per kWh, and the capacity of the solar panels is 200 kW. So, for each hour of operation, the cost is:

Cost per hour = 200 kW * $0.30/kWh = $60

Now, we'll calculate the present value of this cost over 20 years at a 30% discount rate:

PV Cost = $60 / (1 + 0.30)^20≈ $5.50

The university spent $1.3 million upfront to install the panels. To break even, the present value of operating the panels should cover this cost:

$1,300,000 = $5.50 * X

Where X is the number of hours per year the panels need to operate. Solving for X:

X ≈ $1,300,000 / $5.50 ≈ 236,364 hours per year.

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