Figure 4(a) shows a situation in which a monopolistic competitor was earning a profit with its original perceived demand curve (D₀). ₀) and marginal cost curve (MC) occurs at point S, corresponding to quantity Q₀, which is associated on the demand curve at point T with price P₀. The combination of price P₀ and quantity Q₀ lies above the average cost curve, which shows that the firm is earning positive economic profits.

A zero monetary finances means the company’s accounting profit try equivalent from what its info you will definitely secure within their next greatest play with

Figure 4. Monopolistic Competition, Entry, and Exit (a) At P₀ and Q₀, the monopolistically competitive firm shown in this figure is making a positive economic profit. This is clear because if you follow the dotted line above Q₀, you can see that price is above average cost. Positive economic profits attract competing firms to the industry, driving the original firm’s demand down to Dstep step one. At the new equilibrium quantity (P₁, Q₁), the original firm is earning zero economic profits, and entry into the industry ceases. In (b) the opposite occurs. At P₀ and Q₀, the firm is losing money. If you follow the dotted line above Q₀, you can see that average cost is above price. Losses induce firms to leave the industry. When they do, demand for the original firm rises to D₁, where once again the firm is earning zero economic profit.

Unlike a monopoly, with its high barriers to entry, a monopolistically competitive firm with positive economic profits will attract competition. When another competitor enters the market, the original firm’s perceived demand curve shifts to the left, from D₀ to D₁, and the associated marginal revenue curve shifts from MR₀ to MR₁. (more…)

Flavius Joous of all the Jewish historians, authored in the 1st-100 years Le, in his The battle of one’s Jews, Book 5.5.7: “brand new lay-apart name, it include four vowels.” Weingreen, a recorded student during the Hebrew grammar, next produced in 1959 to own Oxford University Press: “A long time before the development of vowels signs, it actually was believed that part of the vowel music is expressed written down, therefore, the three emails, Wah (?), Hi (?), and you can Yowd (?) were used to help you show a lot of time vowels.”

Nearly usually, the brand new Waw, or Wah ( – – ?), delivers brand new vowel music “o,” “oo,” or “u.” In this regard, it is similar to brand new vowel style of new English W, that’s noticable “double-u.” New Hi ( – – ?) are noticable “ah” and, to help you a dramatically reduced studies, “eh.” The brand new Yowd ( – – ?) interacts an enthusiastic “i” voice, which is or even just like the vocalization of vowel means of your English Y. (more…)