Given the profit-maximizing choice of output and price in a monopolistic competition, the shop is making a negative profit, which means there are more shops in the industry relative to long run equilibrium. When firms leave the market in the long run, the demand curve will shift to the right.
What is monopolistic competition?
Monopolistic competition is a market structure in which there are many firms selling similar but slightly differentiated products. This means that each firm has some control over the price of its product, but not complete control like a monopoly. The firms in a monopolistically competitive market also face relatively low barriers to entry, meaning that new firms can enter the market relatively easily.
What are the advantages of monopolistic competition?Monopolistic competition has a number of advantages, including:
Product variety: Monopolistic competition allows for a greater variety of products to be available to consumers, as each firm is able to differentiate its product in some way.
Innovation: The ability to differentiate products can encourage firms to be innovative and come up with new and improved products in order to stay competitive.
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glover owns a candy store and a jewelry store. Both businesses are operated in a mall. She also owns a restaurant across the street and a book store several blocks away. Which of the following statements is true?a.All four businesses can be treated as a single activity if Gloria elects to do so.b.All four businesses must be treated as separate activities.c.The candy store, jewelry store, and book store can be treated as a single activity, and the restaurant must be treated as a separate activity.d.The candy store, jewelry store, and restaurant can be treated as a single activity, and the book store must be treated as a separate activity.e.The candy store and jewelry store can be treated as a single activity; the restaurant must be treated as a separate activity, and the book store must be treated as a separate activity.Answer: a
The answer is option a which is that all four businesses can be treated as a single activity if Gloria elects to do so.
What elements make up a business?A business is an organization or enterprising body that carries out commercial, industrial, or professional activity. Businesses can be either for-profit corporations or nonprofit institutions. Partnerships, corporations, limited liability companies, and sole proprietorships are some of the several company structures.
Why is a business there?A company's goal is to provide customers with something valuable, which they subsequently trade for cash or other kinds of payment. The compensation must, at a minimum, pay for the owner's necessary living expenditures as well as business operational costs.
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Li Jung, a Chinese citizen, works for a phone manufacturer in China. Currently, he is i office in Cleveland, Ohio. In this scenario, Li Jung is regarded as an expatriate.
If Li Jung, a Chinese citizen, works for a phone manufacturer in China. Currently, he is i office in Cleveland, Ohio. In this scenario, Li Jung is regarded as an expatriate.
What is expatriate?Expatriate can be defined as the person who work and live outside their own country or a person who work and live in a country in which they are not a citizen of.
Example of an expatriate is when a person who was born in United state of America work and live in the United Kingdom.
A person who is employ to work and live in another country that is not their original country is often know as an expatriate.
Therefore LI jung is an expatriate.
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The complete question is:
Li Jung, a Chinese citizen, works for a phone manufacturer in China. Currently, he is i office in Cleveland, Ohio. In this scenario, Li Jung is regarded as an .
A. Expatriate
B. Outsourcing
C. Insourcing
is an extension of team selling in which members at various levels of a sales organization call on their counterparts in a buying organization.
Multi leveling is an extension of team selling in which members at various levels of a sales organization call on their counterparts in a buying organization.
What is multileveling?Some direct sales organizations utilize a marketing (MLM) strategy to market their goods and services. MLM encourages current members to recruit new people into the company by promoting and selling their products to other people.
A portion of the revenue made by their recruits go to distributors. New hires join the distributor's network, or downline, and are then prodded to close deals in order to generate money.
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Once alcohol is in the bloodstream how long will it take for it to reach the brain
Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds, usually in denominations of ______ or _____ and is sold to many different lenders.
Multiple choice question.
$100; $1,000
$1,000; $10,000
$500; $5,000$1,000; $5,000
Answer: -$1,000; $5,000
Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds usually in denominations of $1,000 or $5,000 sold to many different lenders.
A bond issued above par is said to have been issued at a premium corresponding to the amount by which the issue price of the bond exceeded its par value. The present value of the bond principal plus the present value of the periodic interest payments.
Bonds are long-term bonds issued by companies and governments to finance businesses and special projects. The company has to pay interest on the bonds, and if the company goes bankrupt, the bondholders will get paid before the shareholders. The value of a bond is inversely proportional to changes in investors' current required yield.
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According to the table, what is the opportunity cost of producing one pair of yellow shoes in Chicago? Number of pairs of yellow Number of pairs of blue shoes produced per worker shoes produced per worker per day per day Chicago New York 12 6 16 4 Select one: a. 4 of a pair of blue shoes b. 2 of a pair of blue shoes c. 2 pairs of blue shoes d. 4 pairs of blue shoes The correct answer is: ½ of a pair of blue shoes
Number of pairs of yellow shoes number of pairs of blue shoes produced per worker shoes produced per worker per day per day Chicago new york
A Canadian worker,on the other hand,can produce 10 pairs of shoes or grow 20 apples per day.The opportunity cost for Canada apples for each pair of The absolute advantage simply compares the productivity of a worker between countries inputs that I need to produce shoes in The standard of living of a country depends on its ability to produce goods and a worker in Chicago 2 pairs of red socks per hour or 1 pair of white socks, Build a and a concise ER diagram for the NHL database.The university's registrar's office maintains data on the following entities.If the bakery sells 12 more loaves of bread on Tuesday than its daily sale of 40 loaves.
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Which of the following FHA insurance programs allows a borrower to purchase a home having deficiencies that prevent it from being financed with a standard home loan and provides money to complete repairs or enhancements once the property is acquired? O conventional mortgage O loan Section 203 mortgage loan O VA Mortgage loan O UFMIP mortgage loan
From the FHA insurance programs allows a borrower to purchase a home having deficiencies that prevent it from being financed with a standard home loan and provides money to complete repairs or enhancements once the property is acquired it was Section 203 mortgage loan. The correct option is (B).
What do you mean by the mortgage loan?A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property. Until you pay back the loan, the lender retains the asset.
The biggest benefit of a mortgage loan is that, unlike most other loans, you can obtain one with very cheap interest rates and without having to leave your property ownership to anybody else.
Homebuyers and homeowners can finance the cost of both the purchase (or refinancing) of a home and the cost of its renovation with a single mortgage or they can finance the renovation of their current home using Section 203(k) insurance.
Therefore, according to the situation the Section 203 mortgage loan was applied in the give condition.
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Autonomous consumption is consumption that:
a. Varies directly with disposable income.
b. Varies inversely with disposable income.
c. Is independent of the level of disposable income.
d. Is constant at first and then varies with disposable income.
Answer: Is independent of the level of disposable income.
Explanation:
Definition of Autonomous consumption:
Autonomous consumption can be defined as "The expenditures that consumers must make even when they have no disposable income."
More precisely,
1. Autonomous consumption is defined as the expenditures that consumers must make even when they have no disposable income.
2. These expenses cannot be eliminated, regardless of limited personal income, and are deemed autonomous or independent as a result.
3. When a consumer is low on resources, paying for their necessities can force them to borrow or access money that they had previously been saving.
hence, option c is the correct option.
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in principle, the large stock of reserves outstanding should result in the fed funds rate equaling the interest on excess reserves (ioer)
The large stock of reserves outstanding should result in the fed funds rate equaling the interest on excess reserves if the commercial banks will be indifferent between the two options.
When the Federal Funds Rate is higher than the Reserves Rate banks seek to increase their return on funds by withdrawing funds from reserve accounts at the Federal Reserve and lending those funds on the Federal Funds Market.
When the Federal Reserve raises interest rates the market price of existing bonds immediately falls. New bonds will soon hit the market, offering higher interest payments to investors. Paying interest on bank reserve balances is a common monetary policy tool available to major central banks.
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micro tek inc. is considering an investment in new equipment that will be used to manufacture a smartphone. the phone is expected to generate additional annual sales of 4,000 units at $450 per unit. the equipment has a cost of $940,000, residual value of $20,000, and an eight-year life. the equipment can only be used to manufacture the phone. the cost to manufacture the phone follows:
The machinery can only be used to make phones. the phone's manufacturing cost increased by 155%
Which exactly is an opportunity to invest?
What it means to invest is to make a current financial commitment in the hopes of future growth. The use of capital—such as time, money, effort, etc.—with the hope of receiving a return higher than the initial investment is known as investing.
How do novice investors make purchases?
Depositing funds into an internet interest bearing account, which can later be used to purchase shares of stock in share collective investment schemes, is one of the greatest ways for novice investors to learn how to invest in stocks. You may frequently open a brokerage account and begin investing for the cost of one share.
Briefing:
Annual operating income = Sales - Manufacturing cost
= (4,000 × $450) - (4,000 × $264)
= $744,000
Average investment = (Initial cost + Residual value) ÷ 2
= ($940,000 + $20,000) ÷ 2
= $480,000
Average rate of return = Average annual operating income ÷ Average investment
= $744,000 ÷ $480,000
= 155%
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Which one of the following stocks is correctly priced if the risk-free rate of return is 3.4 percent and the market risk premium is 7.9 percent? Stock Beta Expected Return .A. 85 85.0%B 1.50 15.25 C 1.31 11.25 D 1.23 . 11.77E 95 8.65
B 1.50 15.25
1.50 15.25 is correctly priced if the risk-free rate of return is 3.4 percent and the market risk premium is 7.9 percent.
In economics, a marketplace is a composition of structures, establishments, processes, social family members or infrastructures wherein parties have interaction in trade. even as parties may additionally trade goods and services by using barter, most markets depend upon dealers imparting their items or offerings (such as labour power) to shoppers in change for cash. it may be stated that a marketplace is the system by means of which the prices of goods and services are installed. Markets facilitate exchange and enable the distribution and allocation of assets in a society.
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Labor unions obtain higher wages for their members by reducing the profits of the business owners in the short run and in the long run. a. Trueb. False
The statement is False. Labor unions obtain higher wages for their members by reducing the profits of the business owners in the short run and in the long run.
Becoming a member of together in union permits workers to negotiate for better wages and benefits and improve conditions on the place of their job. There are thousands and thousands of union participants in America from all walks of life.
A hard Labor union is a business enterprise formed by means of employees which will negotiate for higher people's rights, including better pay, more secure running conditions, and higher blessings. A labor union chooses representatives to negotiate on its behalf with the company.
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Modified retrospective application for a change in accounting principle requires that the new standard is applied to the adoption period and ____.
Modified retrospective application for a exchange in accounting precept requires that the new preferred is utilized to the adoption length and: an adjustment is made to retained income at the establishing of the adoption period
What is retrospective application?Retrospective application capacity adjusting the opening stability of every affected factor of equity for the earliest prior length and the different comparative amounts disclosed for each prior duration as if the new accounting coverage had constantly been applied.
The modified retrospective strategy is an approximation to retrospective application, with prescribed changes to address some of the challenges of retrospective application.
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https://brainly.com/question/29442655#SPJ4The financial statements of Danielle Manufacturing Company report net sales of $600,000 and accounts receivable of $60,000 and $90,000 at the beginning and end of the year, respectively. What is the receivables turnover ratio for Danielle? 4 times 6.67 times 8 times 10 times
The financial statements of Danielle Manufacturing Company report net sales of $600,000 and accounts receivable of $60,000 and $90,000 respectively. Danielle's receivables turnover ratio is 8 times.
Receivable turnover ratio = Turnover / Average account receivables
= $600,000 / [($60000 + $90000) / 2]
= 8 times
What is receivable's turnover ratio?
The efficiency with which a business is able to collect on its receivables or the credit it gives to clients is measured by the receivable's turnover ratio. The ratio also counts the number of times a company's receivables are turned into cash over a specific time period.
What Is a Good Turnover Ratio for Accounts Receivable?
In general, a greater number is preferable. It indicates that your clients are paying on time and that your business is proficient at collecting.
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What is EPS? (When referring to a stock)
Answer:
Explanation:
EPS means earnings per share. It shows how much a company makes for each share of a stock.
Higher the earnings per share the better
Net profit divided by # of common shares
a performance measure that is often used to evaluate the expected outcome of a project or compare different projects. is the meaning of?
A performance measure is often used to evaluate the expected outcome of a project or compare different projects. is the meaning of ROI.
ROI on costs is a ratio between net income and investment. An excessive ROI means the investment's profits evaluate favorably to its cost. As an overall performance measure, ROI is used to evaluate the performance of an investment or to compare the efficiencies of numerous exceptional investments.
Return on investment (ROI) A calculation of the monetary price of an investment as opposed to its value. The ROI method is (earnings minus value) / value.return on funding (ROI) is an approximate measure of an investment's profitability. ROI is calculated with the aid of subtracting the initial value of the funding from its very last value, then dividing this new wide variety by using the price of the investment, and subsequently, multiplying it with the aid of one hundred.
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Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is
Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is 500 $.
What are the Variable costs?Variable costs are costs that change depending on the amount of a good or service the company produces. Variable costs are the sum of all marginal costs throughout all produced units. They could also be viewed as regular expenses. Variable costs are the two components of the total cost.
Variable costs fluctuate depending on how much product is produced. Variable costs include, for example, labor, commissions, and raw materials. The number of fixed expenses is constant regardless of the degree of production. Lease but also rental payments, insurance, including interest payments are examples of fixed costs.
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Why would a company have a physical headquarters in one state but file for incorporation in another state?.
Answer:
Employees pay income taxes based on the rates of the chartering state, so a company may choose to charter in a state with lower income taxes.
Suppose two countries A and B choose the quantity of oil to produce simultaneously and without consulting with one another. B Q = 10 Q = 20 A: 1,250 A: 800 Q = 10 B: 1,250 B: 1,600 A A: 1,600 A: 1,100 Q = 20 B: 800 B: 1,100 What is each country's dominant strategy? Each country's dominant stratesy is to produce 20 A's dominant strateey is to produce 10 and Os dominant strategy is to produce 20 A's dominant strategy is to produce 20 and 's dominant strateey is to produce 10 Dambo
When two countries choose the quantity of oil to produce simultaneously and without consulting with one another then each country's dominant strategy is to produce 20. So, option A. correct.
What does dominant strategy economics mean?A dominating strategy is an optimum answer to all other strategies. A Nash equilibrium exists when players respond optimally to one another. Those that dominate their market do something that others do not: they reduce their market share in order to increase their profit. By being the highest valuable supplier in your market segment, you may bypass the competition and build a micro-monopoly.
Country A's When B selects 10, A selects 20 since it provides a greater reward of 1600. When B selects 20, A selects 10 since it provides a bigger reward of 1100. Because A picks 20 in both circumstances, the dominating strategy is 20. Country B's When A selects 10, B selects 20 since it provides a bigger reward of 1600. When A selects 20, B selects 10 since it provides a bigger reward of 1100. In both situations, B selects 20, hence the prevailing strategy is 20. Because both A and B have a dominating strategy of 20, (Option A) is the correct answer while (B, C, and D) are incorrect.
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if the economy is at point c and the price level increases by 100, then the real balances, interest-rate, and foreign purchases effects will .
If the price level rises by 100 and the economy is at point C, the effects of real balances, interest rates, and foreign purchases will cause the economy to shift to point A.
What exactly are foreign purchases?In order to buy commodities from abroad that have a comparative advantage over domestic products, foreign bidders are solicited. The goods acquired through foreign procurement methods constantly fluctuate as a result of the government's altering requirements.
The import trends have changed from low-tech goods that are hard to source in Korea to high-tech goods as a result of steady economic expansion and a more complicated industrial structure.
The continued expansion of the Korean economy is predicted to increase imports, which will undoubtedly raise foreign spending in the public sector. PPS is working to compile all the information needed for purchasing items from abroad into a database.
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Cattle Ranch Inc. is a for-profit corporation that is owned by six shareholders who are members of the same family. Cattle Ranch is
a. S corporation
b. benefit corporation
c. close corporation
d. a public corporation and a private corporation
Cattle Ranch Inc. is a for-profit corporation that is owned by six shareholders who are members of the same family. Cattle Ranch is
a corporation.
Cattle Ranch Inc.
The Cattle Ranch is an economic building available to Malians beginning in the Feudal Age in the Age of Empires IV. It can garrison up to three cattle and produces 28 food per minute per cattle garrisoned. Another factor might be that affluent persons who own cattle ranches have a lot of say in who gets elected as a government leader. This explains why the government provides incentives and permits ranchers to utilize their cattle ranches as tax shelters.
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Assuming the cost of an associate leaving within 90 days is $3,000, what will be your facility's approximate cost of early turnover for this year?
A: 45000
B: 90000
C: 126000
D: 252000
The facility's approximate cost of early turnover for the year is $45,000.
What are the costs of turnover?The cost of turnover is the expense incurred when a position is changed. This estimate accounts for the costs of filling the role while it is vacant as well as those of hiring for the position, training the new hire, and providing any severance or bonus benefits. You should divide the total number of departures from your average monthly workforce by the total number of departures to begin your employee turnover estimate. Then multiply the sum by 100. You can figure out total turnover, voluntary turnover, and involuntary turnover.
Shift Number associate leaving Per associate cost Total cost
the facility within 90 days
A 8 $3,000 $24,000
B 5 $3,000 $15,000
C 2 $3,000 $6,000
D 0 $3,000 $30
Total coset = $24,000 + $15,000 + $6,000 + $0
Total cost = $45,000
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The Soviet domination over the Eastern European economies was so rigid that, by the end of the 1970s, the Eastern Europeans did over 90 percent of their business with the USSR.a. True
b. False
This assertion is False because the Soviet monopoly over the economies of Eastern Europe was so severe that, by the end of the 1970s, over 90% of their trade was with the USSR.
What is the best definition of economies?A community's resource allocation is ultimately determined by a collection of connected production and utilization collectively referred to as an economy. The demands of persons who live there and conduct business there are met by the production & consumption of products and services in their entirety. An economy is indeed a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain which places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
What is the importance of economies?Economics attempts to address the issue of scarcity, which arises when consumer demands for products and services outweigh the supply. The division of labor in the modern economy allows people to make money by specializing in what they create, which they then use to buy the goods they need or want.
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you are a pessimist and you model the state of the economy to be twice as likely to be bad as it is to be good.
Pessimism has an impact on the macroeconomy by causing families to reduce their current demand and businesses to post fewer job openings. Additionally, businesses have less motivation to drop prices despite declining consumer demand because of the concern of rising future expenses.
What is Pessimism?Pessimism is a negative mental attitude in which a negative result from a certain scenario is predicted. Pessimists frequently concentrate on the drawbacks of life in general. Pessimism has an impact on the macroeconomy by causing families to reduce their current demand and businesses to post fewer job openings. Additionally, businesses have less motivation to drop prices despite declining consumer demand because of the concern of rising future expenses. Being pessimistic refers to the tendency to anticipate or see the worst-case scenarios. A pessimist is someone who is frequently perceived as lacking in hope and joy and who exhibits doubt or distrust. Essentially, being pessimistic entails anticipating the worst in every circumstance.
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Which of the following should an organization consider when making make/buy/rent decisions for a given software system?
An organization should consider the following when making make/buy/rent decisions for a given software system:
Competitive advantage, Legal and compliance, Skills, expertise, and labor, Time, CostWhat are the factors to be considered when making buy/rent decisions?The factors that bodies or companies or even supervisors should consider when making a rent, or buy decision include the following:
competitive advantage, security, legal and compliance issues, the organization's skill and available labor, cost, time, and vendor issues.Therefore, the correct answer is as given above
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If investment increases by $15 billion and the economy’s MPC is 0.8 the aggregate demand curve will shift A.Leftward by $75 billion at school price level B .Leftward by $30 billion at each price level C. Rightward by $15 billion at each price level D. Rightward by $75 billion at each price level
B. Aggregate demand curve to shift leftward by $30 billion at each price level.
Aggregate demand curveThe entire amount of goods and services produced in the economy over time is represented by the aggregate demand curve. The relationship between the overall and the general level of pricing in the economy is depicted by the aggregate demand curve.
The aggregate demand curve will shift leftward when investment increases, as this will lead to a decrease in consumer spending. The amount of the shift is determined by the MPC, which in this case is 0.8. This means that for every $1 increase in investment, there will be an $0.80 decrease in consumer spending. Therefore, a $15 billion increase in investment will lead to a decrease in consumer spending of $12 billion ($15 billion x 0.8). This will cause the aggregate demand curve to shift leftward by $30 billion at each price level.
Given,
MPC = 0.8
The shift in the Aggregate Demand curve is equal to the increase in investment multiplied by the MPC.
Thus, the shift in the Aggregate Demand curve
= $15 billion × 0.8 = $12 billion
At each price level, the shift in the Aggregate Demand curve is equal to the shift in the Aggregate Demand curve multiplied by the price level.
Thus, the shift in the Aggregate Demand curve at each price level
= $12 billion × Price Level
Therefore, the shift in the Aggregate Demand curve at each price level
= $30 billion.
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Which of the following refers to a group of products offered by a firm that are physically similar or are intended for a similar market?
Product line refers to a group of products offered by a firm that are physically similar or are intended for a similar market.
The term "product line" refers to a group of related goods sold by the same company under the same brand name. In an effort to differentiate their various product lines from one another and make them easier for consumers to utilize, firm sell a variety of product lines under their various brand names.
Firms commonly expand their products by adding to existing product lines since customers are more likely to purchase goods from brands they are already familiar with. Product mix or product portfolio refers to the collection of a company's product lines. Except for loss leaders, it is advisable to discontinue product lines that are not profitable.
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A competitive action can be one of two types, either __________ or __________.
Answer:
strategic, tactical
Explanation:
Using the timeline on pp. 1524-1526 in the Norton Anthology of African American Literature 3rdEdition, Volume II, identify what you believe are the three most important events that occurred during the period from 1960-1975 and explain how each event influenced the literature of the period.
An overview of Norton Anthology of African American literature since 1945 and from the period 1960-1975 and events that influenced the literature of the period.
The political divisions, upheavals, and ambiguities of the 1960s were reflected in the decade's literature as authors grappled with shifting attitudes toward social involvement, corporate and governmental power, individual and minority rights, drug use, and technological advancements like television and consumer air travel that allowed for a more global perspective but disrupted traditional ways of thinking about time.
"An Overview of American Literature" sought to produce an aesthetic that was both rigorously credible and philosophically acceptable. Authors could express specific experiences on broad platforms like literary feminism and the Black Arts Movement without feeling like they were speaking for their race, ethnicity, or gender.
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back-to-school mindy clv average revenue per customer per period average customer relationship length cac all costs spent to acquire customers in a period number of customers acquired in the period
The average purchase value, average frequency, and average customer longevity of your customers are multiplied to determine customer lifetime value.
What is the average customer's CLV? Customer Lifetime Value is calculated by multiplying the average purchase value, average purchase frequency, and average customer lifespan of your customers. The formula will show you how much an average customer is worth to your company over the course of the relationship.Customer Lifetime Value is typically calculated using the formula Customer Value x Average Customer Lifespan. A more straightforward formula for CLV is "Annual income per customer times customer relationship in years minus customer acquisition cost." In other terms, the average order total times the typical number of transactions made in a year times the typical retention time in years equals the average customer lifetime value.Based on current data, this gives the average lifetime value of a customer.To learn more about customer lifetime value refer
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