A perfectly competitive firm can increase its sales revenue by

Asked by admin @ 06/08/2021 in Business Studies viewed by 275 People

Answered by admin @ 06/08/2021

1--Reducing the price
2--Increasing the price
3--Increasing the production
4--Increasing the expenditure on advertising

Sales discounts is a revenue account with a credit balance

Asked by admin @ 22/11/2021 in Business viewed by 315 persons

The Sales Discounts Forfeited account ________. Select one: A. represents additional sales revenue B. is a contra Sales Revenue account C. is a balance sheet account D. represents the discount …

How are sales revenues recorded under a perpetual inventory system

Asked by admin @ 29/10/2021 in Business viewed by 275 persons

When a company uses the perpetual inventory system ________. A) purchases of Office Supplies and Equipment that will be used in the day-to-day operations of the business are recorded as …

Revenue is generally recognized at the point of sale

Asked by admin @ 20/08/2021 in Accountancy viewed by 460 persons

Revenue is generally recognized at the point of sale denotes the concept of

Both purely competitive and monopolistic firms are price takers

Asked by maham237 @ 05/01/2021 in Business viewed by 328 persons

Which of the following is a correct statement? a) Both purely competitive firms and monopolistic firms are "price makers". b) A purely competitive firm is a "price-taker" and a monopolistic …

Perfect competition in a sentence

Asked by maham237 @ 03/01/2021 in Business viewed by 321 persons

In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?

When a monopolistically competitive firm is in long run equilibrium

Asked by admin @ 22/11/2021 in Business viewed by 273 persons

When a monopolistically competitive firm is in long-run equilibrium, a. marginal revenue is equal to marginal cost. b. average total cost is minimized. c. marginal revenue is tangent to average …

The entry of new firms into a competitive market will

Asked by admin @ 05/11/2021 in Business viewed by 265 persons

Assume that firms in a perfectly competitive market are earning economic profits. Which of the following statements describes the change in market price and output as a result of the …

When a purely competitive firm is in long run equilibrium

Asked by admin @ 28/10/2021 in Business viewed by 246 persons

If the representative firm in a purely competitive industry is in short-run equilibrium and, at its current output level, its marginal cost exceeds its average total cost, then we can …

Which of the following is a characteristic of perfect competition

Asked by admin @ 02/08/2021 in Economy viewed by 349 persons

Which of the following is a characteristic of a perfectly competitive market? 1.Firms are price setters2.There are few sellers in the market3.Firms can exit and enter the market …

A perfectly elastic demand curve implies that the firm

Asked by maham237 @ 16/02/2021 in Business viewed by 310 persons

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as it chooses at the existing price. …

An example of a perfectly competitive market would be the

Asked by admin @ 26/11/2021 in Business viewed by 303 persons

An example of a perfectly competitive market would be the a. breakfast cereal market. b. soybean market. c. shampoo market. d. cable tv market.

Perfect competition is characterized by all of the following except

Asked by admin @ 30/09/2021 in Business viewed by 302 persons

Perfect competition is characterized by all of the following except Group of answer choices a horizontal demand curve for individual sellers. heavy advertising by individual sellers. sellers are price takers. …

The downward sloping demand curve for a monopolistically competitive firm

Asked by admin @ 07/11/2021 in Business viewed by 276 persons

Since a monopolistically competitive firm faces a downward-sloping demand curve, its price will be _____ revenue

When a perfectly competitive industry is in long run equilibrium

Asked by admin @ 29/10/2021 in Business viewed by 258 persons

Assume the lunch plate industry in Oahu, a perfectly competitive industry, is in long-run equilibrium with a market price of $5. If demand for lunch plate increases and this industry …

What is the demand curve in a perfectly competitive market

Asked by admin @ 28/10/2021 in Business viewed by 354 persons

Indicate whether each of the statements below about a perfectly competitive market is true or false. a. In general, the market demand curve in a perfectly competitive market is perfectly …