In a profit center, managers are accountable to both revenues and costs.
Profit centers are parts or divisions of a business that make money while spending money. In other words, it is a division that uses corporate assets to create income. Think of this as a department that brings in money or sales for the business. A department or division of a company that directly contributes to or is expected to contribute to the broader organization's bottom line is referred to as a profit center. It is acknowledged as a distinct, independent company with its own sales and profitability. Any organization has multiple divisions, some of which serve as a support system for others, like the accounting department, while others, like the sales department, are able to generate income from their operations. A department can be categorized as a profit center or a cost center depending on whether it can generate income through its operations.
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in international buying, the type of entity that normally assists in locating suppliers and handling documentation is a(n):
In international buying, the type of entity that normally assists in locating suppliers and handling documentation is an import broker.
An import broker is a professional who specializes in the import and export of goods. They typically handle all aspects of the trade, from the initial paperwork to the shipment and delivery of the goods. Import brokers are sometimes referred to as "customs brokers" due to the fact that they are most commonly involved in dealing with customs regulations.
Import brokers help to ensure that the importation and exportation of goods are conducted in accordance with all applicable customs regulations. They work closely with the importing party to ensure that all the necessary documentation is in place and that the shipment is properly declared. They may also assist in finding the most economical way to transport the goods, as well as negotiating any applicable duties or taxes owed.
Import brokers are also responsible for ensuring that all paperwork is filed correctly and in a timely manner. This includes submitting any necessary declarations, such as customs forms, as well as ensuring that any applicable taxes or duties have been paid. Additionally, they will help to manage the shipment of the goods, ensuring that they arrive at the intended destination in a timely manner and that they are properly insured during transit.
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The deadweight loss that arises from u monopoly is a consequence of the fact that the monopoly a. price equals marginal revenue. b. price is the same as average revenue
c. quantity is lower than the socially optimal quantity d. All the above are correct
The deadweight loss that arises from monopoly is a consequence of the fact that the monopoly c. quantity is lower than the socially optimal quantity.
A deadweight loss results from a market that is inefficient due to supply and demand being out of equilibrium. Deadweight losses are generally caused by an ineffective distribution of resources, which is brought about by a variety of interventions, including price ceilings, floors, monopolies, and levies.
What is deadweight loss?Deadweight losses are expenses incurred by society as a result of market inefficiency, which happens when supply and demand are not balanced. Deadweight loss refers to any deficit brought on by an ineffective resource allocation and is primarily utilized in economics.
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Joe can read 7 page of hi book in 5 minute. At thi rate, how long will it take him to read the entire 275-page book?
Joe will need about 196.43 minutes minutes to read the entire 275-page book.
We can use the formula rate = distance/time to calculate this. The distance is the number of pages in this case, and the time is the amount of time it takes to read those pages.
We know Joe can read 7 pages in 5 minutes, so we can use these values to calculate how long it will take him to read 275 pages: rate = 275 pages / time.
We get time = 275 pages / 7 pages per 5 minutes when we solve for time.
275/7=39.286
pages per 5 minutes= 39.286 *5=196.43 minutes
Converting the time from minutes to hours, we get that it will take Joe
1 hour = 60 minutes
= 196.43/60
=3 hours 16 minutes
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what defines the requirements for a service and takes responsibility for the outcomes of service consumption?
A customer is a person who defines the requirements for a service and takes responsibility for the outcomes of service consumption.
What is a service relationship?A service relationship is the working arrangement between a service provider and a service user. Service partnerships are established between two or more businesses in order to cooperatively develop value. An organization may take on the roles of both a provider and a consumer, depending on the situation. The service relationship model serves as an illustration of the dynamic interaction between service providers and customers. By acquiring services and using them to provide services to another consumer, a company's function could transition from one of a consumer to one of a supplier. For instance, a call center may purchase internet services from a supplier and use such services to provide customer relationship management services to its customers.
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you spend $400 on new books for your courses this semester. in which component of aggregate expenditure is this expenditure included?
you spend $400 on new books for your courses this semester. in which component of aggregate expenditure is this expenditure included consumption.
In order to pay for a good, service, or other sort of cost, an expense necessitates the movement of money or wealth in general from one person or organization to another. For a tenant, rent is an expense. Parents and students must pay for tuition. Buying anything, whether it be furniture, a car, food, clothing, or anything else, is commonly referred to as a cost. An expense is a cost that is "paid" or "remitted," typically in exchange for something of worth. Something that appears to be exceedingly expensive is "expensive." Something that appears to be inexpensive is referred to as "inexpensive." "Expenses of the table" include prices related to consuming food, beverages, hosting a feast, etc.
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a bank customer stops by her bank's atm to withdraw money from her checking account. in this case, who is the primary business actor?
In the case a bank customer stops by her bank's ATM to withdraw money from her checking account, the primary system actor is the bank customer. The correct answer is option C.
What is the primary system actor?The primary actor of a use case is the stakeholder who calls on the system to deliver one of its services. It has a goal with respect to the system, the one who can be satisfied by its operation. The primary actor is usually, but not always, the actor who triggers the use case.
So, in the given case, the primary actor is the bank customer, because she is the one who can be satisfied by the system.
An actor can be primary or secondary. Primary actors are those who initiate use cases and interact with the system. They are usually placed on the left side of the system. On the other hand, secondary actors are used by the system but they do not interact with the system on their own.
Although part of your question is missing, you might be referring to this full question: A bank customer stops by her bank's ATM to withdraw money from her checking account. In this case, who is the primary system actor?
A) the bank teller
B) the bank
C) the bank customer
D) the money withdrawal authorization company
E) none of the above
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what is the recommended communications procedure for landing at wiley post during the hours when the tower is not in operation?
Keep an eye on the traffic at the airport and broadcast your location and intents on 126.9 MHz.
What does the term "communications" mean?Receiving and sending messages through both verbal and non-verbal means is the process of communication. The goal of communication is to create understanding between two or more people by sharing information in the shape of thoughts, views, and ideas in a two-way fashion.
Why is communication so crucial?In ordinary routine, communication allows us to establish connections with others, express our needs and experiences, and deepen our friendships. It allows us the possibility to share knowledge, voice our opinions, and feel our feelings. All of us must communicate.
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which situation is not a way to perform an internal search for information when deciding where to go get lunch?
Going to a new area of town and looking around is not an ideal way to perform an internal search for information when deciding where to go get lunch. Therefore, the option C holds true.
An internal search can be referred to or considered as a search wherein the factors related to the surroundings of an environment or an organization are taken into consideration. In addition to that, an internal search does not involve the external factors in the achievement of the desired results to come or show up.
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Complete question
Which of the following is NOT a way to perform an internal search for information when deciding where to go get lunch?
- you remember a coworker's great comments about the sushi bar down the street
- you decide not to go to the burger joint since it cooks your meal wrong every time
- you go to a new area of town and look around
- you are in the mood for BBQ and decided to go to your favorite restaurant
disputes concerning business contracts, divorce, family matters, and personal injury involve what kind of law
Disputes concerning business contracts, divorce, family matters, and personal injury involve civil law.
Civil law systems also called continental or Romano-Germanic legal systems, are found on all continents and cover about 60% of the world. They are founded on concepts, categories, and rules derived from Roman law, with some impact of canon law, sometimes largely supplemented or modified by local custom or culture. Civil law is a comprehensive system of rules and principles usually organized in codes and easily accessible to citizens and jurists.
The civil law tradition, though secularized over the centuries and putting more focus on individual freedom, promotes cooperation between human beings.
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if government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to
If government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to average total cost.
What is Average Total CostAverage total cost or average total cost is the cost per unit of the number of products made. This information is integral to making any decisions regarding product pricing. Products must be priced above the average total cost for the company to be profitable.
Average total cost includes fixed costs and variable costs. Fixed costs are costs that are necessary for production but do not change based on the number of products a company produces.
The formula for calculating average total cost is:
(Total fixed costs + total variable costs) / number of units produced = average total cost
How to Calculate Average Total CostAverage total cost is calculated by dividing the total cost of production by the number of units produced. Follow these five steps to calculate average total cost:
1. Identify fixed costs
First, using your profit and loss account, identify your total fixed costs. This can include things like rent, equipment costs, insurance, wages and utilities.
2. Determine variable costs
Next, identify all of your variable costs. These can be things like the cost of raw materials, direct labor, sales commissions and shipping or delivery costs.
3. Calculate the total cost of production
Next, you will calculate the total cost of production by adding up the total fixed costs and variable costs. This is represented in the equation as:
(Total fixed costs + total variable costs)
4. Determine the number of units
Next, you need to determine the number of units that have been produced.
5. Calculate the average total cost
Finally, you will determine average total cost by dividing total manufacturing costs (the amount you identified in step three) by the number of units your company produces (the amount you determined in step four).
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even if the markets are efficient, professional portfolio management is still important because it provides investors with:
Option B is correct, Even if the markets are efficient, professional portfolio management is still important because it provides investors with Low-cost diversification and a portfolio with a specified risk level.
In finance, diversification is the procedure of allocating capital in a way that reduces the exposure to any individual-specific asset or danger. A commonplace course closer to diversification is to reduce risk or volatility by making an investment in an expansion of the property. If asset prices do now not change in the best synchrony, an assorted portfolio will have less variance than the weighted average variance of its constituent belongings, and regularly less volatility than the least unstable of its parts.
Diversification is one of the two widespread strategies for reducing investment risk. the alternative is hedging.
Diversification has no most so long as greater belongings are available. each similarly weighted, uncorrelated asset introduced to a portfolio can add to that portfolio's measured diversification. when belongings aren't uniformly uncorrelated, a weighting method that puts assets in percentage to their relative correlation can maximize the to-be-had diversification.
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Complete question: -
Even if the markets are efficient, professional portfolio management is still important because it provides investors with:
I. Low-cost diversification
II. A portfolio with a specified risk level
III. Better risk-adjusted returns than an index
A. I only
B. I and II only
C. II and III only
D. I, II, and III
which information would be enough to determine a firm’s profit, given that q = 10,000 units? price, total cost price, total revenue price, variable cost price, fixed cost, marginal cost for Q 10,000
To determine profits when quantity is given, then total cost and price are necessary:
The correct answer is: Price and total cost.
Since the quantity sold is given then using the price of the good, the total revenue of the firm can be estimated. Total revenue is calculated by multiplying the price of the good by the quantity sold. Profit is calculated by subtracting total costs from the total revenue.
Profit = Total revenue - Total cost
Therefore, to determine profits both total revenue and total costs of the goods are required. Since quantity is already given, therefore, price and total cost are required.
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what are the advantages and risks of opening up your retail platform to third parties? what do you think amazon will look like ten years from now?
The advantages of selling third party products on your store is that it is easy to setup and start and it requires Minimal investment, maximum output and it involves Huge income and networking potential. The disadvantages of selling third party products is that there is irregularity and uncertain payments and there is lack of control and inclusiveness.
The Amazon division makes the business expected to have double-digit growth.
The advantages of selling third party products on your store
1: Easy to setup and start
2: Minimal investment, maximum output
3: Huge income and networking potential
4: Flexible choice of transactions
5: Exponential growth opportunities
The disadvantages of selling third party products
1: Irregular and uncertain payments
2: Lack of control and inclusiveness
3: Finding right partners is tough
4: Demands intensive involvement
5: Direct effect on brand image
Amazon is not suggesting that it will lose its power anytime soon. Moreover, despite the slower growth over time, its AWS division makes the business expected to have double-digit growth for at least the next seven years.
This also points to AWS being more important to the company than it is now. Retail has long been a competitive, low-income market. This could mean that success in retail only translates into more success for Amazon stock. The cloud must remain competitive. However, with double-digit growth predicted for that market, AWS should see even greater profits.
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the cost of purchasing 100 trees and processing them up to the splitoff point to yield 70,000 sheets of paper and 70,000 pencil casings is $10,000 (joint costs). y's accounting department reported no beginning inventories and an ending inventory of 2,000 sheets of paper. what is the sales value at the splitoff point for paper and the pencil casing?
According to the expenses, the sales value at the split off point for paper and the pencil casing is $1,428
The term expenses in economics refers a cost that businesses incur in running their operations
Here we have given that the cost of purchasing 100 trees and processing them up to the split off point to yield 70,000 sheets of paper and 70,000 pencil casings is $10,000.
Now, we have to find the the sales value at the split off point for paper and the pencil casing.
While we looking into the given question we have identified that,
Number trees = 100
Number of sheets = 70,000
Number of Pencil casing = 70,000
Cost = $10,000
Here we have to find the number of products invented by one tree, by dividing them, then we get,
=> (70000+70000)/100
=> 140000/100
=> 1400
In this one, 700 sheets and 700 pencil cases.
Then the cost spend by these is calculated as,
=> 10000/1400
=> 7.14
Then the sales value is calculated as,
=> 2,000 sheets of paper x 7.14
=> 1428.
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The series of enzymatic steps that fixes carbon dioxide into carbohydrate is called the ______.
A. Pentose phosphate pathway
B. Embden-Meyerhoff pathway
C. Calvin cycle
D. Entner-Doudoroff pathway
The series of enzymatic steps that fixes carbon dioxide into carbohydrate is called the Calvin-Benson cycle.
Carbon dioxide (chemical method CO2) is a chemical compound made from molecules that every have one carbon atom covalently bonded to 2 oxygen atoms. It is discovered with inside the gaseous nation at room temperature.
In the atmosphere, carbon dioxide is obvious to seen mild however absorbs infrared radiation, performing as a greenhouse gas. The burning of fossil fuels is the principle reason of the growth in CO2 ranges and additionally the principle reason of weather change. Carbon dioxide is soluble in water and is discovered in groundwater, lakes, ice caps, and seawater.
Hence the correct option is C
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dream ice cream company paid $500,000 in salaries last year along with $25,000 in income tax. how would you best classify these expenses if you were preparing its cash flow statement?
The payment of salaries of $500,000 and $25,000 in income tax last year by Dream Ice Cream Company would be classified as operating activities in preparing the company's cash flow statement.
What is the cash flow statement?The cash flow statement or statement of cash flows is one of the basic financial statements, including the income statement and the balance sheet.
The cash flow statement summarizes the cash inflows and outflows, reflecting changes in the balance sheet accounts and the income statement.
In preparing the cash flow statement, there are three main categories: operating activities, financing activities, and investing activities.
Thus, the operating activities section details cash movements with regard to the company's core activities of producing, marketing, and distributing goods and services to customers.
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when there is an alarm in a continuous audit, but it is associated with a normal event, we would call that a:
There is an alarm in a continuous audit, but it is associated with a normal event, we would call that a False positive.
Substantive testing is referred to as the segment of an audit in which the auditor gathers samples to become aware of any cloth misstatements withinside the client's accounting facts or different information. This evidence is needed to guide the judgment that a company's economic facts are complete, relevant, and accurate.
One of the maximum outstanding flat report examples is a comma-separated values (CSV) report. A CSV report is one wherein desk information is accrued in strains of American Standard Code for Information Interchange (ASCII) textual content with the fee from every desk Mobil Eular separated via way of means of a comma and every row represented via way of means of a brand new line.
Completeness. This assertion attests to the reality that the economic statements are thorough and consist of each object that ought to be protected withinside the assertion for a given accounting period.
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the securities that were created by financial institutions that consisted of all different kinds of mortgages bundled together to diversify risk are known as
Mortgage-backed securities are the securities that were created by financial institutions that consisted of all different kinds of mortgages bundled together to diversify risk.
What is are Mortgage-backed securities?A mortgage-backed securities refers to an investment products similar to bonds. They consists of bundle of home loans and other real estate debt bought from the banks that issued them. The investors in this securities receive periodic payments similar to bond coupon payments.
An investor who buys mortgage-backed security is essentially lending money to home buyers. The security can be bought and sold through a broker. The minimum investment varies between issuers.
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FILL IN THE BLANK. a _________ value in xn can pose a problem for an economy over the longer term.
A high value of the exchange rate in xn can be a problem for the economy in the long run. A high exchange rate makes imports cheaper, leading to a decline in domestic production as imports become more attractive to consumers.
This can lead to increased unemployment and reduced economic growth. In addition, a high exchange rate can make exports more expensive, leading to a decrease in demand for domestic goods and services in foreign markets. This can further reduce economic growth, which will reduce the overall health of the economy. To maintain a healthy economy, it is important to ensure that exchange rates remain at a reasonable level.
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Naomi, the product line manager for a small family business believes that it is time for the company to begin exporting its product to foreign markets. Her father, the owner, is skeptical. To convince her father, Naomi points out that：
exporting is easier because international markets are less complex than domestic markets.
firms that do not export are at a greater risk for economies of scale.
exporting will allow the company to avoid taxation requirements in the domestic market.
firms that do not export often lose out on significant opportunities for cost reduction
To persuade her father, Naomi argues that companies who don't export frequently miss out on big chances to cut costs since export production encourages economies of scale and makes lower production costs possible.
The correct answer is option D.
Your company will need to raise output in order to increase sales abroad. Increasing output may lead to lower costs per unit of product, depending on how effectively your company operates. This enables your business to take advantage of economies of scale, lowering overall expenses and raising net income. Compared to non-exporting enterprises, sales often increase more quickly, more jobs are created, and employees earn more money. having an advantage in the market. America is well known around the world for its cutting-edge goods and services, first-rate customer service, and moral business methods.
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item 4 naomi plans on saving $3,000 a year and expects to earn an annual interest rate of 10.25%. how much will she have in her account at the end of 45 years? multiple choice
Naomi plans on saving $3,000 a year and expects to earn an annual interest rate of 10.25%. 233,3571.66 will she have in her account at the end of 45 years.
When interest rates compound once a year, the annual rate of return is known as the effective annual rate. The annual percentage rate must be converted to the effective annual rate if the actual compounding frequency differs. The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate.
The future value of an annuity with monthly payment M for T periods, given periodic return r, can be calculated using the following formula: M((1+r)^T−1)/r. Using the formula, the account's worth after 45 years is calculated as follows: 3,000((1+10.25%)^45−1)/10.25%=233,3571.66.
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if a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is $1,674 and total revenue is $2,000, its average profit is
It will be able to cut the cost of its goods by utilising economies of scale. When a monopolistically competitive firm produces 50 units of product at a marginal cost of $1.674 per unit and a marginal revenue of $2,000 per unit, the average profit is $326.
By examining the marginal revenue and marginal costs of producing an additional unit, a monopolist can estimate its profit-maximizing price and quantity. When the marginal revenue is higher than the marginal cost, the company should produce an additional unit. When marginal revenue (MR) and marginal cost (MC), as seen in the graph above, are equal, MR=MC, the level of output that maximises profit is reached. For a monopoly, the demand curve will be the average revenue curve (AR=D), as there is only one company that has complete market power.
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joshua makes $50,000 a year and pays 24% in income tax. zoe makes $90,000 a year and pays 28% in income tax. what type of tax structure explains this difference?
This is a type of progressive tax system where the tax rate increases with an increase in the income of the individual.
The answer is: Progressive tax system.
A progressive tax is one that sees its tax rate go up (or advance) as taxable income does. For people with low incomes, the tax rate is lower; for those with greater incomes, the tax rate is higher. Usually, this is done by setting up tax brackets that divide up taxpayers according to various income levels. Progressive taxation refers to tax rates that rise gradually from low to high, with the end effect that a taxpayer's average tax rate is lower than their marginal tax rate.
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which element of the marketing mix addresses the question of whether customers have similar product needs across international markets segments?
Product strategy of the marketing mix addresses the question of whether customers have similar product needs across international markets segments.
A foundational business model known as the "marketing mix" has historically focused on the four Ps of product, price, place, and promotion. The phrase "collection of marketing instruments that the firm utilizes to pursue its marketing objectives in the target market" refers to the marketing mix. The four main components of a marketing strategy are product, pricing, place, and promotion, often referred to as the marketing mix or the four P's of marketing. Product, pricing, place, and promotion make up the marketing mix. The marketing mix is the collection of tactical marketing instruments that may be controlled and used by a business to elicit a specific response from its target market. It entails every action a business can take to affect consumer demand for its goods.
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it took samantha 6 years to double the money in her account. what interest rate was samantha receiving on her account?
Answer:
2x
Explanation:
explain how a business with which you are familiar has exploited its sponsorship.
According to NASCAR, many sponsors fail to take use of the race's target audience to the most extent possible. There may be many tiers of event sponsorship, each of which offers varying degrees of exposure or value.
A business sponsorship is support for an event or activity from a company, typically in the form of a monetary donation to a local sports team, trade fair, charitable organization, or club. Sponsorships are a marketing strategy used by businesses to acquire a competitive edge and accomplish commercial objectives. Sponsorships enhance a brand's awareness and reputation since they support certain events that your target audience cares about, in contrast to advertising, which delivers specific messages about a company or product in the goal of increasing sales. As a consequence, potential clients link your business to the occasion or activity.
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Answer:
To make sure that after paying sponsorship fees, there is money left over to make people aware of the company's investment.
Explanation:
a technique for managing the change process by identifying the specific factors that prevent people from changing, as well as those that will drive them toward change, is known as
on january 1, year 1, brown company issued bonds with a face value of $111,000, a stated rate of interest of 11%, and a 20-year term to maturity. the bonds were issued at face value. if brown's tax rate is 40%, what is the after-tax cost of borrowing related to these bonds for year 1?
The interest paid on the debt less any income tax savings from deducting interest payments is the after-tax cost of debt. To determine a company's cost of debt after taxes, divide its effective tax rate by one and multiply the result by the cost of debt.
The cost of borrowing in connection with these bonds for Year 1 is $12,000 after taxes.
given details
Bond Face Value: $200 000
10% annual rate of interest
40% tax rate
The after-tax cost of borrowing is determined as follows:
Cost of Bond Borrowing for Year 1 (Before Tax)
= $200,000 * 10%
= $200,000 * 0.10
= $20,000
Cost of Bond Borrowing for Year 1 (After Tax)
= $20,000 * (1 - 40%)
= $20,000 * 0.60
= $12,000
As a result, for Year 1 of these bonds, the after-tax cost of borrowing is $12,000.
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a firm operating in a monopolistically competitive market can earn economic profits in:____.
A firm operating in a monopolistically competitive market can earn economic profits in the short run.
A monopolistically competitive market refers to a market where several companies offer competing goods and services that are alike or similar but are not perfect substitutes for each other. The barriers to entry in a monopolistic competitive market are low, and the decisions of any company do not have any direct effect on its competitors.
Typically, companies in a monopolistic competitive market generate economic profits in the short run. While in the long run, they produce zero economic profit; this is a result of the freedom of entry and exit in the monopolistic industry.
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two technicians are discussing labor rates. technician a states most customers like high labor rates. technician b states most shop owners love low labor rates. who is correct?
Only Technician A is correct as floor jacks are the most common jack found in automotive shops and not the most floor jacks in shops are rated between six and eight tons as said by Technician B.
A jack is a lifting device used to apply great force or lift heavy objects. Mechanical jack uses screws to lift heavy objects. The hydraulic jack uses hydraulic power. The most common form is a car jack, floor jack or parking jack, which lifts the car to work efficiently. Jacks are usually rated for maximum lifting capacity (for example, 1.5 tons or 3 tons). Industrial jacks can be rated for tons of load.
There are two types of hydraulic jacks, the bottle jack and the floor jack. As the name implies, the bottle jack is portable and has a vertical piston with a weight bearing pad on top. Bottle jacks are often used with cars and are useful for changing tires. The jack is in the car at the correct point to raise the car, then use the detachable lever, the jack is pumped, so raise the car to change the wheel. The floor jack has horizontal pistons and long arms that provide vertical lift. Floor jacks have wheels or castors and are often found in garages. These jacks can carry heavier loads than bottle jacks.
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Complete Question:
Two technicians are discussing automotive jacks. Technician A says that floor jacks are the most common jack found in automotive shops. Technician B says that most floor jacks in shops are rated between six and eight tons. Who is correct?