Answer:
b
Explanation:
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
- Firms that set the market price for their products
- profit maximisation
- high barriers to entry or exit of firms
- downward sloping demand curve
87 octane gas in Durham is the same in each of the five stations, so the product is undifferentiated
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry.
A monopoly is when there is only one firm operating in an industry.
An example of a monopoly is a utility company
Right a argumentive essay about people political opinions xx
Answer:
$1.5 million.
Explanation:
Calculation of the amount of the break-even sales for Grace Food Company:
Sales mix calculation will be:
Corn Flakes = $2,000,000/$2,500,000
= 0.80,
Frosted Flakes = $500,000/$2,500,000
= 0.20.
Calculation for the Contribution margin ratio will be:
(60%) × (0.80) + (50%) × (0.20) = 58�lculation for the Break-even point will be:
Break even point= Total Fixed Costs/Overall Contribution margin ratio
Hence,
$870,000/0.58= $1.5 million.
Therefore amount of break even sales will be $1.5 million.
Answer:
1. Breast cancer is the fifth most common cause of cancer death - Positive statement
2. For women aged 60 to 69, breast cancer screening significantly reduces breast cancer mortality - Positive statement
3. Doctors should encourage women aged 60 to 69 to be screened for breast cancer - Normative statement
4. The government should force doctors to encourage women aged 60 to 69 to be screened for breast cancer - Normative statement
Answer:
7.9%
Explanation:
The rate of return is the ratio of return to the amount invested.
Since the property earns $4,650 per month,
Therefore;
$4,650 × 12 = $55,800
To get the annual rate of return,
= Monthly returns on property/Value of profit×100%
= $55,800/$710,000
=7.9%
