Which of the following items should be classified as long-term operational assets? Long-Term Operational Asset a. Prepaid insurance b. Coal mine c. Office equipment d. Accounts receivable e. Supplies f. Copyright g. Delivery van h. Land used in the business i. Goodwill j. Cash k. Filing cabinet l. Tax library of accounting firm

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Answer 1

Prepaid insurance, Accounts receivable, Land used in the business, and Filing cabinet should be classified as long-term operational assets.

A corporation purchases long-term operating assets, which are then employed to produce income over a number of years. These assets can be categorized as tangible or intangible, and the cost to obtain them includes the acquisition price as well.

As any expenditures associated with preparing the asset for the business' planned purpose. Long-term assets include, for example: Fixed assets include things like property, machinery, buildings, fixtures, and transportation vehicles.

Investments made for the long term, such as stocks, bonds, real estate, and investments in other businesses. The total value of all assets less the total value of all quasi assets is the worth of a company's operating assets.

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Related Questions

After a marketing objective is defined, what is the next step marketers should take?
A. Identify the target market
B. Evaluate the components of the promotion
C. Determine the marketing budget
D. Désign the marketing message

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The following action that marketers should perform is to determine the marketing budget.

What are some examples of marketing objectives?

Marketing objectives are a list of specific, quantifiable goals created as a component of a marketing plan. Specific goals are set forth in marketing objectives, such as "reduce customer acquisition cost by 10% by the end of the next quarter."

What happens in the marketing process after that?

Building your marketing mix will be the following step in your marketing approach. The Economic Times states that "the marketing mix refers to the set of actions, or techniques," that a business use to market its brand or product.

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Tina is a member of the bargaining team for the local teachers union. The team is currently negotiating a contract with the school district, and the two sides have different opinions on how the new contract should look. However, Tina is approaching the negotiations with an open mind and feels positive about the possibility of finding common ground and negotiating a deal that will please both sides. Tina is displaying a ______ mind-set. Multiple choice question. advice-giving defending learner judger

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Tina is displaying a Learner mindset.

Simply put, having a learner's attitude is when someone sees every new encounter as a chance to learn. People with this mentality can learn more quickly and better adapt to their environment. When someone has a learner's mindset, they see every new as a chance to gain new knowledge.

It's crucial to have a growth mindset since it can help you get through challenges you might encounter when learning a brand-new skill or mastering a new skill. Growth mindsets are aware of the value of tenacity and willpower. The way you learn is by altering the way you think.

Those that adopted a growth mindset succeeded by giving it their all while also learning. People that have a growth mentality find enjoyment in both the process and the results. Instead of getting all their satisfaction from mastery, they seek out obstacles to interact with the material.

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Mr. and Mrs. Garcia have a total of $100,000 to be invested in stocks, bonds, and a money market account. The stocks have a rate of return of 6%/year, while the bonds and the money market account pay 4%/year and 2%/year, respectively. The Garcias have stipulated that the amount invested in stocks should be equal to the sum of the amount invested in bonds and 3 times the amount invested in the money market account. How should the Garcias allocate their resources if they require an annual income of $5,000 from their investments

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This issue is over-defined, or, to put it another way, it contains TOO MANY criteria that conflict with one another. Therefore, under the circumstances, there is NO SOLUTION to the problem.

You can open a money market account at banks and credit unions, which is an interest-bearing account. Although they offer certain checking account services as well, they are very comparable to savings accounts.

Keep in mind that money-market mutual funds, which are not deposit accounts, differ from money-market accounts. Financial institutions, such as banks and credit unions, provide money market accounts as higher-interest deposit options.

A money market account can be the best option for you if you're preparing for a future purpose or want your money to grow faster while avoiding insecure market investments.

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What are the 4 types of ownership?

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1. Sole Proprietor: This type of business is owned and operated by one person and the owner is responsible for all liabilities and debts. This means that the owner is personally liable for any losses caused by the business.

2. Partnership: This type of business is jointly owned and operated by two or more people. Each partner is personally liable for the debts and obligations of the business, as well as his own share of the profits.

3. Corporation: This type of business is owned by shareholders who have limited liability for the debts and obligations of the business. The shareholders elect the board of directors, which oversees the operation of the company.

4. Limited Liability Company (LLC): This type of business allows for limited liability of the owners as well as deferred taxation. LLCs are often used for small businesses. LLC owners are called members and have the ability to manage the business or appoint a manager.

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Garett researched a career he is interested in. He found that the career requires an endorsement from a professional,
nongovernment organization that assesses workers. Based on his research, Garett will need a(n)
for this career.

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Garett will require a qualification for this vocation, according to the provided statement.

Why do we evaluate?

Children and adolescents are assessed to determine what they know, comprehend, and are capable of doing. Assessment is crucial for monitoring progress, determining future steps, reporting, and integrating parents, kids, and teenagers in the learning process.

How do you evaluate someone?

There are multiple different ways to go about assessing a person's personality, and there is debate concerning many of the procedures and methodologies that are frequently employed. Interviews, attitude scales, self-reports, personality questionnaires, projective methods, and behavioral observation are a few examples of these evaluations.

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Answer:

qualification

Explanation:

edge 2023

What message does the song in Brother, Can You Spare a Dime convey about socio economic situation in the USA?

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When the job is finished and their labor is no longer required, the song questions why the men who built the country—the railroads, the skyscrapers, the war, and the tillage of the land—should now find themselves abandoned and in bread lines.

One of the most well-known Great Depression-era American songs is "Brother, Can You Spare a Dime?" Its lyrics were written by Yip Harburg and the music was created by Jay Gorney for the 1932 musical revue Americana. The melody is based on a Russian-Jewish lullaby. The song portrays the tale of the universal everyman, whose hard work toward realizing the American ideal has been thwarted by the financial crisis. It was written primarily in a minor key, which is unusual for a Broadway song but appropriate given the theme.

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The first economist(s) to formally suggest that trade was a win-win proposition was a. David Ricardo b. The mercantilists c. David Hume d. Adam Smith

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The first economist(s) to officially recommend that exchange was a mutually beneficial suggestion was Adam Smith .

Who was Adam smith ?

Because of his works "Theory of Moral Sentiments" and "An Inquiry into the Nature and Causes of the Wealth of Nations," Adam Smith is known as the "Father of Economics." He was regarded as the founder of modern economics. The book The Wealth of Nations by Adam Smith laid the groundwork for the modern academic discipline of economics.

What impact did Adam Smith have on society?

Smith was the first to realize that economics should also consider how wealth is distributed rather than just how it is produced. England overturned the Corn Laws and became the dominant economic power in Europe during the Industrial Revolution in large part due to his ideas.

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Direct costs incurred to sell stock such as underwriting costs should be accounted for as
1. a reduction of additional paid-in capital.
2. an expense of the period in which the stock is issued.
3. an intangible asset.
a. 1
b. 2
c. 3
d. 1 or 3

Answers

Here option b is correct. Direct costs incurred to sell stock such as underwriting costs should be accounted for as an expense of the period in which the stock is issued.

What is direct cost?

Direct costs refer to expenses that can be directly traced to a specific product, service, or project. They are also known as "traceable costs" or "variable costs." Examples of direct costs include materials, labor, and commissions associated with a specific product or service. These costs are in contrast to indirect costs, which are expenses that cannot be directly traced to a specific product, service, or project, such as rent, utilities, and office supplies.

Underwriting costs refer to the expenses incurred by an investment bank or underwriter when issuing and selling securities, such as stocks or bonds, to the public. These costs can include legal and accounting fees, printing and mailing expenses, and the compensation paid to the investment bank or underwriter for their services. Underwriting costs are typically a significant expense for companies issuing securities and are accounted for as a reduction of the proceeds received from the sale of the securities. In other words, the underwriting costs are deducted from the gross proceeds received by the company issuing the securities before determining the net proceeds received.

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What kind of ethical framework it is that focuses on the results whether it would benefit the majority?

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According to utilitarianism, a results-oriented philosophy, the moral course of conduct is the one that results in the greatest balance of good over bad for the greatest number of stakeholders.

Consequences of any action are the only yardstick of what is right and bad, according to utilitarianism, a kind of consequentialism. Utilitarianism takes into account all sentient beings' interests equally, in contrast to other consequentialist ideologies like egoism and altruism. On a variety of topics, utilitarian'sJeremy Bentham started the modern utilitarianism tradition, which was carried on by thinkers like John Stuart Mill, Henry Sidgwick, R. M. Hare, and Peter Singer. The theory's roots can be found in the writings of the ancient Indian philosopher ntideva and the hedonists Aristippus and Epicurus, who believed that happiness was the only good. The idea has been used to address issues including social welfare economics, the crisis of global poverty, the morality of raising animals for food, and the significance of preventing existential hazards to humans. have disputed, including whether decisions should be made based on the anticipated outcomes of acts (act utilitarianism) and whether agents should follow guidelines that maximize utility (rule utilitarianism). There is also debate over whether the utility of those who are least fortunate should be prioritized over average utility, overall utility (total utilitarianism), or average utility (average utilitarianism).

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Critics argue that monetary policy does not impact all individuals equally because some industries (such as real estate and construction) are significantly more impacted by interest rate changes.

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Monetary policy influences the discount rate required to discount future yields. Aside from that, the real effects of monetary policy in the medium term may affect demand, rental prices, and thus house prices.

The risk premium is an important determinant of the price of all long-term assets. A central bank implements monetary policy to maintain a stable economy, keep unemployment low, protect the value of the currency, and promote economic growth. A central bank influences borrowing, spending, and savings prices by manipulating interest rates or reserve requirements, or by conducting open market operations. The central bank attempts to maintain price stability by controlling the amount of money in circulation.

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According to Crane et al, globalization (as defined in terms of the closer integration of economic activities) is particularly relevant for business ethics, and this is evident in three areas: culture, law, and ______________.

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Business ethics are particularly affected by globalization as it relates to the deterritorialization of economic activity, and this is clear in three key areas: culture, law, and accountability.

How do culture and corporate ethics intersect?

Additionally, business ethics and culture entail that management and personnel must uphold moral principles in their interactions with clients from diverse cultures. One illustration would be a corporation that produces electrical products and has a branch in another nation where it also produces related products.

Which Seven Business Ethics Apply?

The subject of business ethics is dynamic. The twelve basic ethical values are: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, observance of the law, openness, and consideration of the environment.

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Property taxes associated with a company's administrative facility are considered ________. multiple choice nonmanufacturing costs manufacturing overhead costs selling costs

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Property taxes associated with a company's administrative facility are considered nonmanufacturing costs.

Selling and administrative costs are included in nonmanufacturing costs, commonly referred to as "period" costs. For manufacturing firms to operate successfully and efficiently, costs are extremely relevant.

Management and external decision-makers (investors) can learn important information about the company's profitability and cost-control procedures by identifying, sorting, and allocating cost data. Although they are required for running everyday business operations, nonmanufacturing expenditures are not included in the actual manufacturing process.

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The spinners are spun and the values are added together, What is the probability the sum is equal to ... 9

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The number of possibilities that can occur on spinner is 9. So that the probability of the sum is equal to nine is [tex]\frac{2}{9}[/tex].

Probability in mathematic generally can be defined as possibility. Probability is a branch of mathematics that deals with the occurrence of a random event. The value of probability is expressed from zero to one.

If two spinners are spun together, the probability that will occur are:

(2,1)(2,3)(2,5)(4,1)(4,3)(4,5)(6,1)(6,3)(6,5)

The number of possibilities that can occur is 9. And the sum of the probability of two spinner if the values added together and equal to nine is 2, there are (6,3) and (5,4).

So that the probability of the sum is equal to nine is [tex]\frac{2}{9}[/tex].

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Discuss ways that oracle could provide client customers with the ability to form better relationships with customers

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Oracle market themselves by providing quality service. Customers depend on oracle forcomplete, modern, and industry applications. Oracle engaged their business customers bybuilding profitable relationship by creating superior customer values.

What is Oracle?Oracle is a relational database management system offered by the Oracle Corporation. RDBMS are capable of handling any data model. Standard Edition, Enterprise Edition, Express Edition, and Personal Edition are just a few of the various product editions available. Oracle products have high performance capabilities and are scalable and secure. The Austin, Texas-based Oracle Corporation is a multinational American company that specializes in computer technology. According to revenue and market capitalization, Oracle was the third-largest software company in the world in 2020. Oracle is a flexible database management system that is utilized by numerous industries. Regardless of how big or small your business is, Oracle can assist you in managing your data, preventing security flaws, and facilitating easy access to applications.

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If bonds have been issued at a discount, then over the life of the bonds the
a. carrying value of the bonds will increase.
b. discount will increase.
c. interest expense will increase, if the discount is being amortized on a straight-line basis.
d. carrying value of the bonds will decrease.

Answers

If bonds have been issued at a discount, then over the life of the bonds the interest expense will increase, if the discount is being amortized on a straight-line basis.

Give a brief account on Straight-line amortization.

In a process known as "straight-line amortization," interest is added to each payment in the same proportion until the debt is fully repaid. You can charge the cost of the intangible asset, calculate monthly loan repayment installments that include interest, and decide how much interest to pay for intangible assets using straight-line amortization. You divide the overall interest you owe on a loan by the number of periods. You calculate the projected salvage value of an intangible asset by deducting it from the book value, then dividing the result by the number of periods of the asset's useful life. Borrowers are guaranteed to pay interest at the beginning of the repayment period thanks to straight-line amortization. Gradually, the principal repayments decrease as the amount of interest expense in the subsequent instalments decreases. By increasing the percentage of each repayment, you can allocate more money to the principal.

Formula for straight-line amortization :

Intangible asset amortization = (book value - expected salvage value) / number of periods

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A customer has a term loan that is maturing in 3 years in the amount of $100,000. The customer has the cash now, and wants to know the best investment to make for the 3 years until the loan payment is due. The BEST recommendation is to buy:

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The BEST recommendation is to buy: Treasury notes maturing in 3 years. A marketable U.S. government debt product having a set interest rate and a term between two and 10 years is known as a Treasury note.

The government will sell you Treasury notes in either a competitive or noncompetitive offer. Investors who place a competitive bid specify the yield they desire, but do so at the risk of their bid not being accepted. Investors who place a noncompetitive bid accept the yield that the auctioneer determines. Treasury notes, which are issued in maturities of two, three, five, seven, and ten years, are well-liked investments and have a sizable secondary market that increases their liquidity. The notes' interest will be paid every six months until it matures. Similar to a Treasury bond or a Treasury bill, the revenue from interest payments is federally taxed rather than being subject to local or state taxes.

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what are the legal ramifications regarding payment for tissue samples? consider the rand corporation estimation that 304 million tissue samples, from 178 million people, are held by labs

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In the book the Immortal Life of Henrietta Lacks Henrietta Lacks didn't give informed consent for the use of her tissue in research, and the tissue was collected in a medical setting that was even more prejudiced than it is now against the rights of patients who were less fortunate in terms of their economic and social circumstances.

American author Rebecca Skloot published a nonfiction book titled The Immortal Life of Henrietta Lacks in 2010. The National Academies Communication Award for greatest innovative work advancing public awareness of issues in science, engineering, or medicine was given to it in 2011. It relates the tale of an African-American woman who passed away from severe cervical cancer in 1951 at the age of just 31. It also relates the tale of her legacy, the immortal HeLa cell line that was isolated from Henrietta Lacks' tumour while she was still alive and grown in a lab. HeLa was mass-produced after her passing and sold to research facilities all over the world.

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The sales charge on a fund with a Net Asset Value of $9.50 and a Public Offering Price of $10.00 is:

Answers

The greatest overall "front-end load" or sales fee that might be tacked on to the acquisition of mechanical fund shares. This compensation reimburses a financial expert for their services.

Why is $1 NAV important?

The primary safety element of the money market funds is a stable negative asset value (NAV). Because it consistently maintains a $1.00 value, a stable NAV suggests that the likelihood of the fund squandering principal or "breaking a buck" is reduced.

How do you factor in NAV and sales fee when calculating pop?

The POP is the total of the sales fee and net asset value that an owner must pay in order to invest. Navi + Scs = POP is the equation used to calculate the POP. The net asset value of the mutual fund is multiplied by the sales charge to arrive at the POP, the public offering price.

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If trade between nations is prohibited, Group of answer choices nations will more easily achieve specialization in production and end up consuming more. nations will be unable to specialize in what they are good at and therefore end up consuming less. nations can refine their ability to allocate resources and therefore raise consumption. nations can increase their public welfare.

Answers

If trade between nations is prohibited, nations will be unable to specialize in what they are good at and therefore end up consuming less

Nations will not be able to benefit from comparative advantage, which is the capacity of a country to create a commodity or service at a lower opportunity cost than another one if commerce among the nations is outlawed. Without commerce, nations will be compelled to create all of their own commodities and services, even if they are not as effective at it.

This will result in increased expenses and decreased productivity, which will decrease the total consumption of commodities. Access to a bigger market is another benefit of trade, which can raise the demand for a nation's products and services and, as a result, its output and consumption.

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a transaction in which a new life insurance policy is purchased and an existing life insurance policy is surrendered is called

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A transaction in which a new life insurance policy is purchased and an existing life insurance policy is surrendered is called replacement. When a life insurance policy is cancelled, the policyholder is assessed a fee known as a surrender charge.

The expense of retaining the insurance policy on the insurance provider's books is covered by the fee. A "surrender fee" is another name for a surrendered charge. The amount a policyholder actually receives if they attempt to access a policy's cash value is known as the surrender value. The surrender cash value and, in the case of annuities, the annuity surrender value are further names for the concept. When a life insurance policy is surrendered, it is cancelled and the owner is paid the surrender value.

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Marketing is _____________, important, and profitable. Businesses, individual consumers, and the economy _______benefit from effective marketing. This chapter introduces marketing in a way you may not recognize. Marketing influences all business operations and includes a number of different activities. Marketing is now seen as _________ to the success not only of manufacturers, retailers, and other businesses but also of government agencies, hospitals, law offices, schools, and churches. Where Does Marketing Take Place

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Marketing is organized, important, and profitable. Businesses, individual consumers, and the economy socially benefit from effective marketing.

Marketing is now seen as a step to the success not only of manufacturers, retailers, and other businesses but also of government agencies, hospitals, law offices, schools, and churches. Place describes the store or location where customers find or purchase your product.

Consumers of today can research products and purchase them online, via a smartphone app, in-store, or from a salesperson. Everyday locations, areas where clients are present, and all different types of businesses can all use marketing.

When you come up with an idea for a good or service, marketing begins. You must choose what you are offering, how many choices are available, and the way it will be packed and displayed to customers before introducing a product or a service.

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Professors Harry Markowitz and William Sharpe received their Nobel Prize in Economics for their contributions to the Multiple Choice

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The Nobel Prize in Economics was awarded to professors Harry Markowitz and William Sharpe for their contributions to the ideas of portfolio-based management and the risk and return on securities.

The main contribution made by Markowitz was the creation of an operational theory for portfolio selection under uncertainty that was systematically articulated. This theory later served as the basis for additional financial economics research. In 1990, Markowitz and William F. Sharpe shared the Economics Nobel Prize. The Modigliani-Miller theorem, which he and his colleague Franco Modigliani contributed and for which he shared the 1985 Nobel Prize in Economics, was ground-breaking work in the area of finance theory.Markowitz, an American finance and economics professor who was born in Chicago, Illinois, in 1927, shared the 1990 Nobel Prize in Economics with Merton H. Miller and William F. Sharpe for their theories on determining the risk and reward of investing in stocks as well as the value of corporate bonds and stocks.

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Why is buying in bulk not always a good idea?

Answers

The fact that buying produce in bulk would probably result in it going bad before you can consume it all is a glaring reason why doing so is a terrible idea.

What are the disadvantages of buying in bulk?

Purchasing produce in large quantities is unwise because it will presumably spoil before you have a chance to consume it all. Additionally, you don't always receive a discount for making larger purchases.

Shopping for food in quantity requires caution because prices can change.If you don't have much space, it can be challenging to locate a place to store the food.It's possible that you won't be able to finish all the food before the best before date.

Although purchasing in bulk results in per-unit cost savings, buyers must be aware of the additional goods' usefulness. Although the cost per unit may be modest, the total cost of ownership is more expensive than simply purchasing what you require for the coming week or month.

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Which phrase is the best definition for the term collaborate?(1 point) to use technology to use technology to work on a project to work on a project t

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the best definition for the term collaborate is option D)discussing an idea with your group

collaborate is the activity of two or more individuals, groups, or organizations coming together to carry out a task or realize an objective. It comes from the Latin prefix com-, meaning "with," and laborare, meaning "to labor." Cooperation and collaboration are advantageous to both parties. Although it is a fundamental component of collaboration in general, leadership can also take the form of social interaction in decentralized and egalitarian organizations.  Collaborative teams often have easier access to money, recognition, and rewards when competing for scarce resources. Techniques for structured cooperation encourage reflection on speech and behavior. These tactics are intended to increase the efficiency of teams when they collaborate to solve issues. Contrary to what the general public believes, antagonistic collaboration occurs when competing goals are being pursued.

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The complete question is here:

Which of the following means to collaborate?(1 point)create a technology project

work on a project

work together

use technology

Which example of collaborating uses technology?(1 point)

assigning tasks to group members

writing notes about a group project

texting your group about the project

discussing an idea with your group

The law of demand is illustrated by a demand curve that is Group of answer choices constant upward sloping horizontal downward sloping vertical

Answers

A demand curve with a falling slope serves as an example of the law of demand. According to the law of demand's definition, the demand curve slopes downward.

It's crucial to understand the difference between the quantity required and the demand itself. The quantity required is the total amount of items that buyers are willing to purchase at a specific price point. demand law and the demand curve. When a product's price rises, less people will buy it, according to the law of demand. In other words, if the product's price increases, the quantity demanded will decrease. Because of the rising opportunity costs for consumers, who may choose to forego purchasing it altogether.

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Can you guys help me with this ethical case? I know how to do these generally but this one specifically confuses me. I need to know the following: The ethical issue, who the primary and secondary stakeholders are, the different courses of action and their impacts as well as what the best solution would be. Thanks :)​

Answers

A combination of personal, moral, legal, and social norms of what is proper determine the ethics, which are a set of principles for thinking and acting.

Ethical Issues: What Do They Mean?

When a particular action, course of action, or judgment runs afoul of a society's moral standards, an ethical problem arises. Since any of their actions could be questioned in terms of their ethicality, both individuals and corporations can be implicated in these disputes.

The three different categories of ethical problems are what?

Utilitarian, Deontological, and Virtue concerns are the three primary subcategories of ethical problems. While deontological ethics emphasize the act itself, utilitarian ethics place more emphasis on the results of a choice. The character of the person acting is a key component of virtue ethics.

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Customer relationship management (CRM) is best characterized as: Group of answer choices any of the above a marketing strategy a customer service discipline an enterprise-wide strategy

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Customer relationship management (CRM) is the combination of practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle.

Customer rel-ationship management (CRM) is the process by which a business or other organization manages customer rel-ationships, usually through analysis of vast amounts of data. A CRM system collects information from various communication channels.

This allows businesses to learn more about their audiences and best serve their needs, leading to customer retention and increased revenue. CRM can be used for current, past, or future customers. CRM describes the principles, methods, and standards a company follows when dealing with its customers.

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Freya wants to use her debit card to purchase a $135 tablet computer. What must Freya consider before using her debit card

Answers

As a result, Freya does not need to check her account's interest rate before making the purchase. She doesn't have to make sure she can pay the bills every month because they won't be needed.

What kinds of credit are available to borrowers?

Credit can be divided into three categories: open credit, revolving credit, and installment credit There is a distinct structure for borrowing and repaying each of these.

Freya must take into account the following before using her debit card to purchase the $135 tablet computer:

A. She needs to make sure that her bank account has at least $135 available for the purchase.

C. She needs to make sure that her account has any scheduled automatic payments.

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Full Question = Freya wants to use her debit card to purchase a $135 tablet computer. What must Freya consider before using her debit card? Check all that apply. She must be sure there is at least $135 in her bank account for the purchase. She must check the interest rate on the debit card. She must check to see if any automatic payments are scheduled for her account. She must check her credit history. She must make sure she will be able to make the monthly payments.

Andy, age 65 and Melody, age 45 are married and will file a joint return. They have unreimbursed medical expenses of $5,000 and an AGI of $50,000. What are their deductible medical expenses on Schedule A, line 4

Answers

Andy, age 65 and Melody, age 45 are married and will file a joint return. The deductible medical expenses on Schedule A, line 4 for Andy and Melody are $3,750.

This is due to the fact that they are over the age of 65 and have an AGI of $50,000.Since they are over the age of 65, they are subject to an additional threshold of 7.5% of their AGI which is $3,750 ($50,000 * 0.075). This means that their deductible medical expenses are the total medical expenses of $5,000 minus the threshold of $3,750, which equals $1,250.

Hence the correct answer is  $3,750.

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Suppose that a competitive market is initially in equilibrium. Then demand increases. If some resources used in production are not available in sufficient quantities for entering firms,
a. the long-run market supply curve will be upward sloping.
b. the long-run market supply curve will be perfectly elastic.
c. in the long run firms will suffer economic losses, leading them to exit the industry.
d. the number of firms will decrease, and the market will become a monopoly.

Answers

Then demand increases. If some resources used in production are not available in sufficient quantities for entering firms, d. the number of firms will decrease, and the market will become a monopoly.

Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.

Companies control a majority of the market, which makes entry and departure points challenging. Due to the high entry barriers in monopolistic markets, even after new companies enter the market, it is frequently still dominated by one larger company.

Buyers typically have only one option for where to buy their goods or services in a monopolistic market because there is only one seller. In the absence of total entry barriers, such as a prohibition on competition or exclusive ownership of all natural resources, completely monopolistic markets are exceedingly uncommon and possibly even impossible.

To protect national interests or maintain vital infrastructure, a government may on occasion create a monopolistic market. For instance, a lot of utilities, like power or water authority, might be given monopoly status for a specific region.

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