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lesya692 [45]
1 year ago
5

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market

power will?
Business
1 answer:
Lera25 [3.4K]1 year ago
8 0

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set lower price in the market that is more price elastic.

Under price discrimination, a monopolist charges different prices in different sub-markets. Thus, a monopolist divides the market into sub-markets based on their price elasticity of demand.

So, if there are two identifiable markets, where the customer would want to buy from you, these markets will differ with respect to their price elasticity of demand and here resale is impossible.

Hence, a firm with market power will set lower price in the market that is more price elastic.

To learn more about price elasticity here:

brainly.com/question/13565779

#SPJ4

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llowing is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):
shutvik [7]

Answer:

hello your question is incomplete below is the complete question

Formulating Financial Statements from Raw Data

Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):

Revenue                                      $14,880.2

Cash from operating activities 1,526.8

Cash, beginning year                  673.2

Stockholders' equity                6,612.2

Non-cash assets                       18,054.9

Cash from financing activities* (865.3)

Cost of goods sold                 8,926.7

Total expenses (other than cost of goods sold) 4,155.2

Cash, ending year                           619.6

Total liabilities                           12,062.3

Cash from investing activities   (715.1)

*Cash from financing activities includes the effects of foreign exchange rate fluctuations.

(a) Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 2011.

Hint: Enter negative numbers only for answers in the statement of cash flows (if applicable).

Explanation:

Attached below are the tables prepared by me showing the income statement for the year ending may 29 2011, Balance sheet ending May 29 2011, statement of cash flows fo year ending May 29 2011

3 0
4 years ago
The multiplier effect suggests that Not yet Wswered Select one a. spending $1 increases GDP by more than $1. Marked out of 1.00
Rzqust [24]

Tax multiplier amount = -9.00.Real GDP changed or increased by $9 billion. Less than $1 billion in spending would be required by the government. The explanation is that the tax multiplier's absolute value is bigger than the expenditure multiplier's absolute value, which is 10.

MPC = 1 - 0.90 = 0.10 MPS = Marginal Propensity to Save = 1 MPC = 1 - 0.90 = 0.10

As a result, we have:

The tax multiplier is equal to MPC / MPS, which is 0.90 / 0.10, or -9.00.Reduced tax X=-$1 billion

Tax multiplier equals -9.00.

Amount of change or growth in real GDP equals a decrease in taxes, multiplied by a -$1 tax multiplier.Multiplier for expenses = 1/ MPS = 1/ 0.10 = 10Real GDP growth is equal to the change in government spending multiplied by the expenditure multiplier (1). Solve for by substituting the appropriate values into equation (1). Government spending has changed.We possess.Change in government spending of $9 billion $9 billion / 10 = $0.90 billion in changes to government spending in one year.Given that the expenditure multiplier produced a change in government spending of $0.90 billion, this suggests that less than $1 billion in expenditures would be required.

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4 0
2 years ago
Ivers Co. holds $30,000 of available-for-sale securities. Ivers intends to hold these securities for three years. Ivers should r
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Answer:

long term assets

Explanation:

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4 0
3 years ago
The news division of WEXS Channel 10 wanted to hire a new morning news anchor. As part of the interview process, candidates were
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Answer:B

Explanation: The WEXS Channel 10 wanted to see how well the candidates would perform with a story that was given to them.

5 0
3 years ago
An investigator wanted to know whether chronic lymphocytic leukemia (CLL) had a genetic or environmental etiology. He knew that
dmitriy555 [2]

Answer:

The cause may be environmental

Explanation:

The ratios show that ratio of incidence of chronic lymphocytic leukemia (CLL) in the population of country X is five times higher than the ratio in U.S. whites. However, the ratio of CLL in migrants from Country X to the U. S. is exactly the same as the ratio in U.S. whites. This relationship indicates that, rather than being genetic, the cause of CLL is more likely to be environmental.

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4 years ago
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