Stop cheating jeez what a loser
Answer:
True
Explanation:
Cartel
It is important to define a cartel before explaining the question. A Cartel represents a group of firms that come together for making price and output decisions about their products.
Monopoly is one of the main reasons for the rise of Cartels. Cartel members are organisations in markets where there are very few firms and each firm has a significant share of the markets. An example of this is the Organisation of Petroleum Exporting Countries (OPEC).
The Petroleum market is monopolistic in the sense that a few countries are responsible for the crude oil and related products that are used by all countries around the world, hence, OPEC was formed to regulate the actions; production level and price of the Oil produced and processed for regulatory purposes.
Why it is difficult to maintain Cartel Agreements
It is difficult to maintain cartel agreements because individual members will always attempt to cheat and by-pass the agreement to produce beyond the agreed quota just to increase their share of the cartel's profits.
Individual members can always produce above their quota to take advantage of the large market and monopolistic situation to make more monopoly profit.
This difficulty is one of the reasons why there are few Cartels available and it is also why the OPEC has had difficulties monitoring the activities of its members over the years.
Answer:
Instructios are listed below.
Explanation:
Giving the following information:
Laptops:
Selling price= $1,600
Cost per unit= $800
Sale mix= 40%
Tablets:
Selling price= $850
Cost per unit= $350
Sale mix= 60%
The estimated fixed costs for the current year are $2,498,600
A) Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Weighted average selling price= (1600*0.40) + (850*0.60)= $1,150
Weighted average variable expense= (800*0.40) + (350*0.60)= 530
Break-even point (units)= 2,498,600 / (1150 - 530)= 4,030 units
B) Laptops= 4030*0.40= 1,612 units
Tablets= 4030*0.60= 2,418 units
Price floor is the maximum price in the market.
Answer:
The most I could pay for the investment is $12,960.09
Explanation:
The maximum a rational investor could pay acquire an investment is the present value of all future cash flows receivable from the investment.
In the case, the present of all cash flows is calculated thus:
Years Cashflows [email protected] 12% PV
1 5000 0.892857143 4,464.29
2 5300 0.797193878 4,225.13
3 6000 0.711780248 4,270.68
Total of present values 12,960.09
The discounting factor is calculated using the formula :
1/(1+r)^n where r and n are rate and number of years respectively.
