The local hairdresser industry has the market structure of monopolistic competition. Your hairdresser boasts that he is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Your hairdresser currently makes a profit His demand marginal revenue marginal cost and average t...View the full answer
Answered By
Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The market structure of the local gas station industry is monopolistic competition. Suppose that currently each gas station incurs a loss. Draw a diagram for a typical gas station to show this...
-
A black female employee is told that she cannot come to work with her hair in decorative braids traditionally worn in Africa, and if she continues to do so, she will be terminated. Does the employee...
-
Why is the firms demand curve flatter than the total market demand curve in monopolistic competition? Suppose a monopolistically competitive firm is making a profit in the short run. What will happen...
-
The chief accountant for Ramsey City needed to make adjusting entries before preparing the citys financial statements for calendar year 2022. She wrote a brief paragraph to guide her assistant in...
-
Assume you are considering a portfolio containing 2 assets, L and M. Asset L will represent 40% of the dollar value of the portfolio, and asset M will account for the other 60%. The expected returns...
-
Explain how color can be incorporated into rapid-prototyped components?
-
The Component Division of TransCanada Industries provides components to the Elite Division in the production of grombets. It costs the Component Division a total of \($5.50\) per unit to manufacture...
-
Analyzing Items to Be Included in Inventory Walker Company has just completed a physical inventory count at year-end, December 31, 2011. Only the items on the shelves, in storage, and in the...
-
By the terms of his will, K gave his wife the right to live in their home until her death (a life estate interest). Ks daughter by a former marriage was to have the property upon Mrs. Ks death. Under...
-
Aspen Industries became a corporation in the state of Colorado on March 23, 2015. The company was authorized to issue 1 million shares of $6 par value common stock. Since the date of incorporation,...
-
The restaurant business in town is a monopolistically competitive industry in longrun equilibrium. One restaurant owner asks for your advice. She tells you that, each night, not all tables in her...
-
Magnificent Blooms is a florist in a monopolistically competitive industry. It is a successful operation, producing the quantity that minimizes its average total cost and making a profit. The owner...
-
The chapter discussed the benefits of using Agile Development techniques. List and explain the conditions under which it would be unwise to use an Agile Development methodology such as XP or Scrum.
-
1. Explain why each given function is (or is not) one-to-one. 1. f(x)=3x-5, y = 3-x, g(x) given by the table below, and h(x) given by the graph below. x g(x) 0 1 2 3 3 3452 5 4 4 h
-
How does risk assessment in environmental contexts differ from industrial and engineering applications, particularly in terms of assessing the impact on ecosystems and public health ?
-
Question 3 (15 points) The cost of controlling carbon dioxide emissions [C(E)] at a firm goes up rapidly as the amount of emissions (E) increase. Let's assume the relationship is defined by the...
-
2. (10 points) For the given function answer the following questions: (Note: do not differentiate this function.) f(x) = x + 4x - 21x (a) Find the cut points of f(x): (b) Give the sign chart of f(x):
-
You are the mediator in a dispute between friends. You know from your initial meetings what issues are important to the parties and what has led to the escalation of this situation. You have noticed...
-
The year-end Trial Balance of a retail trader is shown. You are informed as follows: (i) Cost of goods in hand on 30 .6. 2010 was 72,000. (ii) Non-current assets are to be depreciated using the...
-
Comptech Ltd is a manufacturer of optical equipment. In September 2019, Ed Thompson the Chief Research Officer, attended a conference in Switzerland that focused on optical developments for the 21st...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
1. Under a system of marketable pollution permits, a firm with ___________ (low/high) abatement costs will buy permits from a firm with ___________ (low/high) abatement costs. 2. Arrow up or down: A...
-
Consider how Star Valley, a popular ski resort, could use capital budgeting to decide whether the $8 million Blizzard Park Lodge expansion would be a good investment. Assur conce assur Click the icon...
-
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Debit Credit Balance 1/1 28,000 Credits Debits 146,000 Balance 12/31 38,000 Manufacturing Overhead...
-
Your company has total receivables outstanding at 31 December 2020 of $20,000. You think that about 2% of these balances will not be collected and wish to make an appropriate allowance. You have not...
Study smarter with the SolutionInn App