Firm under monopolistic competition operates its plant at sub-optimal capacity. Why?​

Answers

Answer 1

Answer:

We live in an economy based on scarcity. Things that are rare cost more. The more access can be restr ed, the higher the cost can be and so higher profits. Since our economy wants to maximise profits, and thus scarcity, the best way for companies/ individuals to do that is to get monopolies, or oligopolies, and then restrict access, and increase prices. If you produce as much as possible at cost, making no profits, then there is going to be little scarcity for that product, costs are going to be low.

Answer 2

A firm under monopolistic competition operates its plant at suboptimal capacity to create a sense of limited goods in people's minds.

What is monopolistic competition?

Monopolistic competition is termed as a process in which the companies produce similar products but not exactly the same product that acts as substitute.

A firm under monopolistic competition operates its plant at suboptimal capacity, which means that they do not make the product at its best capacity. That means that if a country can make 100 products, that company will only make 750 of them even after the demand also.

It gives a sense of scarcity among the people and also these products can be sold by this company at a higher price or opt for low substitutes which makes the monopolistic company earn more.

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Related Questions

What are the advantages and disadvantages for companies of product endorsements?

Answers

Answer:

The celebrity may get into trouble and the brand would reflect that bad image, and both the celebrity and the company would get popularity and money

Explanation:

id k you can get more in depth if you understand it that much

Product endorsements in business can bring advantages such as increased brand visibility and expanded customer base, while also having drawbacks like high costs and potential negative publicity.

In the realm of business, product endorsements can offer several advantages and disadvantages for companies. Let's start with the advantages.

One major benefit is the increased brand visibility and exposure that endorsements provide. When a reputable individual endorses a product, it can build trust and credibility among consumers.

Endorsements can also lead to an expanded customer base, as the influencer's followers may be more inclined to try the endorsed product. Additionally, endorsements can help companies stand out from competitors and create a positive association with their brand.

However, there are some disadvantages to consider. First, endorsements can be costly, especially if the celebrity or influencer demands a high fee. Moreover, there is the risk of negative publicity if the endorser gets involved in scandals or controversies. Finally, if the endorsed product does not align with the values or interests of the endorser's audience, the endorsement may not have the desired impact.

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what is an example of a flame?

Answers

Answer:

D

Explanation:

If D wrong it's A

How much money came into the cash account this month

Answers

Answer:

Sorry I did not know

Explanation:

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At a party after your high-school football game there are several under-age people consuming alcohol. As you leave, you notice an unconscious guy looking really bad. His friends are concerned that he needs medical attention, but they are afraid that they'll be arrested if they take him to the hospital . You volunteer to take him to the hospital because you know that TABC will not cite him for illegal possession or consumption of alcohol since this is a life or death situation and getting medical attention immediately is critical . Are you correct that the guy who drank all the alcohol will not be arrested even if TABC is at the hospital ?

Answers

To a large extent, I should be correct that TABC at the hospital will not arrest the guy who drank all the alcohol because he requires immediate medical attention and to not be arrested.

What is underage alcoholism?

Underage alcoholism is a physical or emotional dependency on alcohol by a teenager.

Some of the consequences of underage alcoholism are:

Unintentional death and injury can occur.Homicide and violenceSu.cidal attemptsS.xual assaultVandalism and property damageOther risky behaviors.

Thus, I should be correct that TABC at the hospital will not arrest the guy who drank all the alcohol because he requires immediate medical attention.

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A study by Great Places to Work, a research and consulting firm, highlights the benefits of breaking down boundaries to get all employees interested in innovative opportunities. Firms in the ________ quartile on the inclusiveness rankings had experienced growth, on average, five times greater than firms ranked in the ________ quartile.

Answers

The answer is: top; bottom

Explanation:

A study by Great Places to Work, a research and consulting firm, highlights the benefits of breaking down boundaries to get all employees interested in innovative opportunities. Firms in the “top” quartile on the inclusiveness rankings had experienced growth, on average, five times greater than firms ranked in the “bottom” quartile.

Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following.
Fixed Budget
Sales (16,000 units) $ 3,264,000
Cost of goods sold
Direct materials $ 384,000
Direct labor 672,000
Production supplies 448,000
Plant manager salary 184,000 1,688,000
Gross profit 1,576,000
Selling expenses
Sales commissions 128,000
Packaging 240,000
Advertising 100,000 468,000
Administrative expenses
Administrative salaries 234,000
Depreciation—office equip. 204,000
Insurance 174,000
Office rent 184,000 796,000
Income from operations $ 312,000
Complete the following flexible budgets for sales volumes of 14,000, 16,000, and 18,000 units. (Round cost per unit to 2 decimal places.)
TEMPO COMPANY
Flexible Budgets
For Quarter Ended March 31, 2017
------Flexible Budget------ ------Flexible Budget at ------
Variable Amount per Unit Total Fixed Cost 14,000 units 16,000 units 18,000 units
Sales
Variable costs:
Direct materials
Direct labor
Production supplies
Sales commissions
Packaging
Total variable costs 0.00 0 0 0
Contribution margin
Fixed costs:
Plant manager salary
Advertising
Administrative salaries
Depreciation - Office equip.
Insurance
Office rent
Total fixed costs 0 0 0 0
Income from operations

Answers

Answer:

omg what a answer i din't see any of this anwer

what is the role of Hr in Globalization?​

Answers

Answer:The globalization is a trend of the last 20 years. The organizations become multinational, and they are present in many countries in the world. The HR Role is to set up the international team, which develops the unified corporate culture and corporate values.

Explanation:

Answer:

to set up the international team

what is 6.3% of 4334?​

Answers

Answer:The final answer would be 273.042Hope this helps!! <3

Hi ;-)

[tex]6,3\%=6,3\%:100\%=0,063\\\\6,3\% \ of \ 4334=0,063\cdot4334=\boxed{273,042}[/tex]

A company is considered a price setter when: ____________

a. it operates in a highly competitive market
b. its product is unique.
c. it has little flexibility in setting prices of its products.
d. all of the above are correct.

Answers

Answer:

it has flexibility in setting prices of its products.

The answer is c
It has little flexibility……..

Explain environmental and organizational factors affecting HR forecasting.


Answers

Answer:

factor affecting hr fire forecasting

Employment.

Technological changes.

Organizational changes.

Demographic changes.

Culture.

Shortage of skill due to labor turnover.

Pressure groups.

Economic factors.

Explanation:

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Select all that apply Given the accounts below, choose all of the ones that affect equity. (Check all answers that apply.) Multiple select question. Cash Common Stock Accounts Payable Revenues Dividends Expenses Mortgage Payable

Answers

The accounts that affect equity are revenues, common stock, expense, and dividends.

The following information should be relevant for the equity:

If there is an increase in revenue so the equity is also increased.If there is an increase in the common stock so the equity is also increased.If the expense is increased so it decreased the equity.If the dividend is paid so the equity is decreased

In this way, the equity account is affected.

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what is the meaning or moral standard?

Answers

Answer:

A moral standard refers to the norms which we have about the types of actions which we believe to be morally acceptable and morally unacceptable. Specifically, moral standards deal with matters which can either seriously harm or seriously benefit human beings.

Explanation:

may this answer is helpful for you

500 essay over what you did for the summer

Answers

Answer: had fun

Explanation:

What is a relationship between a Hr and a line up management of an organisation?

Answers

Answer:

When conflicts arise, line managers typically seek the advice of HR in resolving issues between employees or issues between employees and their managers. A positive working relationship between HR and line management facilitates easier handling of workplace investigations and mediating differences between staff.

Collecting the principal on a loan to another company would be reported on the investing activities section of the statement of cash flows.

a. True
b. False

Answers

Answer
It’s true
Hope it helps
Sorry if wrong

Which of the following is a plant location methodology that is good for locating a single facility within a set of existing facilities based in distances and volumes of goods shipped?

a. Factor-rating
b. Decision trees
c. Regression Analysis
d. Linear programming
e. Centroid

Answers

Answer:

the answer should be E. centroid

Explanation:

Centroid Method

What is the difference between private costs and social costs in economics?

Answers

Answer:

private cost are paid by the firms or consumer and must be included in production and consumption decision

social cost include both private cost and any other external cost to society arising from the production or any consumption of a goods and services

Explanation:

private costs are paid by firms or consumer and it must be included in production and consumption decisions while social costs are costs of both private costs and any other decision or consumption that are arising the community

Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except:_________

a. customer database systems.
b. information systems to track supplier/partner/collaborative ally data.
c. human resources systems that maintain employee data.
d. data management systems for undertaking benchmarking, TQM, and Six Sigma quality control.
e. systems to record and report financial performance data.

Answers

I got answer d as my choice

Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except data management systems for undertaking benchmarking, TQM, and Six Sigma quality control. Hence, option D is appropriate.

What is the meaning of data management systems?

Data management systems are computer programs that enable the storing, retrieving, and processing of data requests. Users can create, read, modify, and remove data in databases using a DBMS, which acts as a link between them and the databases.

Within an organization, data management entails gathering, storing, analyzing, and exchanging data. Every company that generates or uses digital data, especially those with significant data quantities, stands to gain from data management.

Database administration program. Data management systems (DBMS), according to Connolly and Begg, are "software systems that enable users to define, construct, maintain, and govern access to the database."

Concurrency, safety, backup and recovery, integrity, and data descriptions are just a few of a DBMS's features. Database management systems offer several significant advantages, but their implementation can be expensive and time-consuming. Hence, option D is correct.

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_________________is a group that decides what must be done to meet the functional objectives defined by leaders.

Answers

Answer:

I hope that answer is a team.

Freè Points. Im Moving Next Week on the 1st, what is the most efficient way to unpack and get settled in? Thanks.

Answers

Thanks for your free point
Good luck with it I appreciate
Wait add cloud lights on it... it’s in my room it’s looks hella cool

The major difference between a good and a service is how the producer uses the factors of production to create each.

a. True
b. False

Answers

Goods, as well as, services are the two key items that are offered to the consumers and ensure the occurrence of economic activities to take place.

The statement asserting that 'the key distinction between goods and services is that the manner the producer employs various factors in producing them' would be considered:

b). False.

The goods are characterized as the physical objects or items that a producer produces employing different factors like capital, labor, land, etc. to offer it to the consumers for an amount in return.

Examples, clothes, shoes, jewelry, etc.

While the services are the activity or the aid that is provided to them through a set of individuals in order to make the tasks easier for them.

Example: Barber, Tutor, Doctors, etc.

Thus, the statement is false as services are not produced but offered.

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When a firm’s marginal productivity declines as output increases, then the firm is experiencing​ a. ​Increasing marginal product b. ​Increasing returns to scale c. ​Diminishing returns to scale d. ​Constant returns to scale

Answers

Answer:

Diminishing return to scale

Explanation:

The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.

Help please I have 4 more

Answers

Answer:

A

Explanation:

to find out how much it is going to cost

name any five diversity issues that affect the fashion industry​

Answers

Answer:

People of color, size, height. Even gender, I feel fashion is thrown more towards women than men, sexuality/trans and sexism.

Explanation:

People of color- The fashion industry over the year has become way more diverse in the subject of race, they have invited more models over the years with diffrent races and have made culture including clothes. I still feel it is not 100% perfect with eqaulity in the modeling industery but in the eyes of fashion, I think it's getting to a great point.

Size- Size is a big one why is a model always skinny, why is a must for the clothes. Why can't it be way more diverse from size 0 to size 30, it's about how you wear the clothes that matters, not the weight of the model. it would  be a huge boost in confidence to bigger people and show great diversity in the world of fashion. .

Height- This is the same thing as size, models who wear the clothes are always tall make clothes for short people. Be more diverse, serisoly make clothes for men/women/short/tall/size0/size30.

Gender- The fashion industy has always always gone more towards women. I mean, dresses, shoes, hats, gloves, skirts, shirts, thats a lot of money to bank on. I mean, I totally get why the fashoin industy would go towards women we are taught the fashion is only for women but it's 100% not just for women. which leads into my fith point-

Sexism- Why don't men wear dresses and women wear suits. i'm sorry but it is 2021 who the f cares what you are wearing as long as you look great. I can't even begin to tell you my exciment that Gucci designed a dress for Harry Styles. He looked amazing and it was a beautiful diverse way to show that men can wear dresses too. Fashion is an art that should be outside of the box and diverse, but we keep puting it into a tiny box with the same stuff.

Please don't take my grammer seriously or my spelling. Thank you!

The concept of operant conditioning is a part of the broader concept of ________, which argues that behavior follows stimuli in a relatively unthinking manner.

a. equity theory
b. expectancy theory
c. cognitive behavioral therapy
d. behaviorism
e. humanism

Answers

The answer is C cognitive behavioral therapy

Option C. cognitive behavioral therapy

What does cognitive behavioral therapy mean?

Cognitive-behavioral therapy (CBT) is a therapeutic approach that helps identify negative or useless patterns of thought and behavior. CBT is designed to help you recognize and investigate how emotions and thoughts can affect your behavior.

In most cases, CBT is a step-by-step process that helps a person take step-by-step steps towards behavioral change. For example, a person with social anxiety may start by simply imagining a social situation that induces anxiety. Then they can start practicing conversations with friends, family and acquaintances.

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A food worker needs to cool a large pot of soup How should the food worker cool the soup?
aUse an ice paddle
B Set the pot under a fan
c. Leave the pot on the counter
d. Place the pot in the walkin cooler

Answers

Answer:

a)use an ice paddle. it is the most suitable way

Food workers often uses different ways to cool large pot of soup. The best way here is to Use an ice paddle

When we fail to properly cool foods, it can result in foodborne illness. As such, one must follow due guidelines to ensure your batches of soup are cooled safely.

Ice paddle are often seen or found in commercial kitchens.  The paddle is often filled with water and then it is wrapped in a protective plastic and placed in the freezer.

When the soup ready, remove it totally from the from stove, remove the paddle from the freezer and use it to stir the soup in the kettle to speed the cooling process.

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Auditors-Are-Us LLC, audited the financial statements of LINKCO Industries, a private company, for the year ended December 31, 2020. Materiality threshold was $500,000. The following issues were encountered during the audit:
1. Management understated Income Tax Expense by $800,000. The auditors' Proposed Adjusting Journal Entry was accepted. This was a matter that involved especially challenging, subjective and complex judgements.
2. Management revealed to the auditors that it had lost a customer - Alliance Industries - on June 1, 2021. This Customer accounted for 25% of LINKCOS Revenues in 2020.
3. LINKCO is a defendant in a lawsuit alleging patent infringement. This is adequately disclosed in the Notes to the Financial Statements but no provision for liability was recorded by Management. The auditors Proposed Adjusting Journal Entry for $1,000,000 was rejected by Management. Masco's Net Income is $8,000,000 in 2020. It had weighted average common shares outstanding of 200,000 and fully diluted shares of 400,000 during 2020.

Answers

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Mention the importance of hotel management?​

Answers

A hotel management degree can help you land a valuable entry-level job in food and beverage service, accounts, restaurant service, executive housekeeping, marketing, and other agencies within such a hotel.

Freè 30 Points just answer this simple question!!! Im Moving Next Week on the 1st, what is the most efficient way to unpack and get settled in? Thanks.

Answers

Answer:

Unpack the things in the order of importance.

Explanation:

Unpack the things in the order of importance.

Answer
First move in and ....

Which word describes the ability to adjust to different ways or conditions?
discipline
perseverance
confidence
adaptability

Answers

Answer:Adaptability is the capacity to readily adjust to different conditions!

Explanation: