Using the table as experimental data, if your store has 379 laptops returned in April, then the number of laptops are likely to have been sold in April is c. 1,743
Answer:
a. Profit; $520
b. Firms will enter; Left
c. Zero profits or normal profits
Explanation:
A restaurant is operating in a monopolistic competitive market.
The restaurant is producing 260 meals per day.
This is the profit maximizing level of output where the marginal cost is equal to marginal revenue.
The average total cost at this point is $10.
The price level is $12.
The profit or loss to the restaurant will be equal to the difference between total revenue and total cost.
a. Profit
= Total Revenue - Total cost
= $12
260 - $10
260
= $3,120 - $2,600
= $520
b. This supernormal profit will attract other firms to enter the market, as a result the market share of existing firms will decline. The demand curve of the restaurant will move to the left.
c. In the long run, the firms in a perfectly competitive market earn only zero economic profits as positive profits attract new firms and negative profits cause the firms to leave.
So the restaurant will have zero or normal profits in the long run.
<span>Answer:
E(R) = 3.80 + .88(9.60 - 3.80) = 8.90 percent</span>
Answer:<em> Option (b) is correct.</em>
From the given options , the following is an example of shadowing:<em> Three young interns practicing under the guidance of an experienced surgeon. </em>
<em>Shadowing here refers to on-the-job learning program. It also includes development program related to career and leadership. This also involves working with individuals who might have different work, or might have to teach the individual about aspects related to the work, business or competencies. </em>
The answer is B. Blueprints for a house. Hope it help