Answer:
For Number of firms, the answer is C. Many.
For type of product, the answer is D. Differential.
For Market model, the answer is C. Monopolistic Competition.
Explanation:
From the questions above, we can conclude that the number of firms is Many because it is stated that there are hundreds of colleges and universities that serve millions of college students each year.
For the type of product, in this case service, that each college and university offers, there is service differentiation. This is because each school will offer unique and distinct ways of meeting the students' needs.
There exists monopolistic competition in markets which have several competitors selling similar products and services. The similar products and services are not ideal substitutes for each other in monopolistic competition. Here, the barriers to entry and exit in the industry are low, and the decisions that are taken by one company do not affect the competitors. Therefore, in the scenario given above, because there are several colleges and universities serving millions of students in similar ways but with differentiated methodologies and programs, they form a monopolistic competitive market.
Answer:
The correct answer to the following question is option C) $15,000 .
Explanation:
Harley signed and gave a blank check to the Pro accountants , and giving them them the authority to fill the amount by themselves but she had already came to an agreement with Pro accountant that the amount they would fill is $10,000 . But Pro accountants didn't do that, instead they filled the check for $15,000 , and gave the check to valley bank , now the valley bank has the full authority to enforce the full $15000 amount .
Prevention of tire inflation accidents after mounting tires on wheels may be accomplished by making sure the tires are mounted and balanced correctly. If the tires are not mounted and balanced properly they could have a bigger issue when getting into an accident and them inflating. Car accidents can easily cause the tires to inflate and become more hazardous.
Answer:
(E) 4.81%
Explanation:
See the image below to get the explanation
Answer:
Earth = $90,000
Wind = $67,500
Fire = $202,500
Explanation:
Activity based costing is a costing system that assigns the cost of identified activities , mostly overhead and indirect cost to all products and services produced according to the respective volume of the activities consumed by each of the products and services , using cost drivers.
Workings.
The cost driver in the scenario is Machine set up
Earth = 80 set up
Wind = 60 set up
Fire = 180 set up
Total = 320 set up
General Overhead = 360,000
Earth = 80/320 *360,000 = 90,000
Wind = 60/320*360,000 = 67,500
Fire = 180/320*260000 = 202,500
