The force that leads to zero economic profits for monopolistically competitive firms in the long run is

a. excess capacity.

b. price wars among firms.

c. entry by new firms.

d. excessive advertising.

14. When the price decreases from $6 to $4 and the quantity demanded increases by 2 units, the price elasticity of demand is [A] - 25. [B] - 1.5. [C] - 5. [D] - 2.5. [E] Cannot be determined from the information given.

3. Coverage on a One-Vehicle Accident. Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,500 in damage. The truck has a book value of $40,000.

Blue Guitar Music School borrowed $30,000 from the bank signing an 8%, 6-month note on November 1. Principal and interest are payable to the bank on May 1.

Omar and Penn want to discharge their contract by executing a new agreement with performance different from what they originally promised. They can best accomplish this bya. a mutual agreement to rescind. b. an accord and satisfaction. c. a novation.

Your revenue is $12,222 for the month and your gross margin was 70%. Your operating expenses were $6,250. What was your profit?

Blue technologies manufactures and sells dvd players. great products company has offered blue technologiesâ $22 per dvd player forâ 10,000 dvd players. blueâ technologies' normal selling price isâ $30 per dvd player.

Some goods can be produced at low cost only if they are produced in large quantities. this phenomenon is called

has sales of $15 million, total assets of $9 million, and total debt of $3.7 million. If the profit margin is 7 percent what is net income? What is ROE? What is ROA?

The overall variability of a firm's returns depends on the expected return of each individual project, percentage of funds invested in each individual project, and correlation coefficient of returns between the investments.

Luca writes a daily blog about why people should eat healthy foods and ways to eat healthfully. What are the purposes of his blog? to entertain and advertise to advertise and inform to argue and inform to argue and entertain