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Dmitrij [34]
2 years ago
6

Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales.

If the firm increases its output to 200 units, the average revenue of the 200th unit will be
Business
1 answer:
kolbaska11 [484]2 years ago
8 0

If the firm increases its output to 200 units, the average revenue of the 200th unit will be $12.

<h3>What is the average revenue?</h3>

Average revenue is total revenue earned from selling a good or service divided by the total number of output sold.

Average revenue = total revenue / output

$1800 / 150 = 12

Here are the options:

a. Less than $12,

b. More than $12,

c. $12,

d. Any of the above may be correct depending on the price elasticity of demand for the product.

To learn more about average revenue, please check: brainly.com/question/14014968

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Tradable permits are likely to result in less inefficiency, relative to a pollution tax, when ... a. the marginal costs of damag
Andrej [43]

Answer:

a. the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, an offset trading is a strategic program that allows emerging business firms to pay existing business firms in order to significantly reduce their emissions or pollutants below a specific standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

A pollution tax can be defined as a type of tax imposed on business firms that causes pollution and damages to the environment. It is also referred to as Pigovian tax which is a tax on goods with negative externality.

Hence, tradable permits when compared with pollution tax are likely to result in less inefficiency, when the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

3 0
2 years ago
A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and t
denis23 [38]

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

8 0
3 years ago
The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they Gro
-BARSIC- [3]

Agreed to work together to control the price of domestic steel.

The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they agreed to work together to control the price of domestic steel.

<h3>What are the objectives of antitrust law?</h3>

The Sherman Act, the nation's first antitrust statute, was enacted by Congress in 1890 as a "comprehensive charter of economic liberty designed to maintain open and unhindered competition as the rule of commerce." The antitrust laws generally prohibit unauthorized mergers and business practices, leaving it to the courts to determine which ones are prohibited based on the specific facts of each case.

From the era of horses and buggies to the modern digital era, courts have applied antitrust rules to evolving marketplaces. Nevertheless, for more than a century, the antitrust laws have had the same fundamental goal: to safeguard the competitive process for the benefit of consumers, by ensuring that there are strong incentives for businesses to operate effectively, keep prices low, and keep quality high.

<h3>The three core federal antitrust laws:</h3>
  • Any "monopolization, attempted monopolization, conspiracy, or combination to monopolize" is prohibited by the Sherman Act, as is "every contract, combination, or conspiracy in restraint of trade."
  • The Sherman Act has harsh penalties that can be applied. The Sherman Act is a criminal law as well, and although the majority of enforcement actions are civil, anyone or any company that violates it may face legal action from the Department of Justice.
  • "Unfair techniques of competition" and "unfair or deceptive activities or practices" are prohibited by the Federal Trade Commission Act.

Learn more about antitrust laws here:

brainly.com/question/8431756

#SPJ4

5 0
1 year ago
Meryl, a training manager, is making a presentation to her company's business leaders. She says meeting the company's five-year
n200080 [17]

Answer:

The correct answer is "the company has not budgeted sufficient funds for training".

Situational constraints are the factors that affect the behavior and performance in a negative way by placing limitation on personal attributes and motivation. Example - lack of equipment, money, material, etc. In this scenario, employees and supervisors are eager to learn about using new technology but the only constraint that is likely to stand in a way meeting the objective is that the company has not budgeted sufficient funds for training.

6 0
3 years ago
When a firm develops a marketing campaign for a social cause, such as a cleaner environment, what type of marketing campaign is
Bess [88]

Answer:

Cause-related marketing

Explanation:

Cause related marketing is usually carried out between a corporation and a nonprofit organization (e.g. humane society, PETA, etc.). The corporation sponsors the nonprofit as a way of supporting their cause, e.g. better animal treatment, environment, cancer or aids awareness, etc. This way the corporation's image and its products are related to the sponsored cause.

6 0
2 years ago
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