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3 years ago

Parts of the retail industry in which a small number of businesses control a large portion of the market represent __________.

Business

1 answer:

solniwko [45]3 years ago

8 0

The answer to your question is "Oligopolies."

An oligopoly is a market form where a market is controlled by a few large sellers or businesses. The type of market is going to effect the price in one of two ways. The first possibility is that the few businesses will work together, or collude, in order to establish higher than normal prices. The second possibility is that there will be fierce competition between the few sellers, which will result in a high level of competition and lower prices.

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When is a wrecker considered to be an emergency vehicle

RoseWind [281]

I believe the answer is: its emergency lights are flashing

When is emergency lights are flashing, the wrecker would most likely driving toward the area where accidents happen, and they would be used to drag out ruins or the heavy vehicles that collided on the sites. Because of this, we need to provide space for the wrecker to pass if it shows its emergency lights.

4 0

2 years ago

Read 2 more answers

Holding all other things constant, if ramen noodles are an inferior good to Vanessa, then as her income increases, her demand cu

marishachu [46]

Answer:

:A) will shift left.

Explanation:

An inferior good is a good whose demand falls when income increases and demand increases when income decreases.

As Vanessas income increases, her demand for ramen noodles would fall. This would lead to a decrease in demand for ramen noodles and her demand curve would shift to the left.

I hope my answer helps you

6 0

3 years ago

Consider a university that purchases replacement chairs for its classrooms. The purchasing manager knows that the annual demand

Ierofanga [76]

Answer:

b. $866

Explanation:

Annual demand from the question = D = $500

the ordering cost = S = $200

then the cost of carrying H = $15

we have to calculate the economic order quantity

= sqr(2*D*S)/H

= sqr(2 x 500 x 200)/25

= sqr(13333.3333)

this equals 115.469

which is approximately 115.5

next we have to calculate inventory ordering cost

= (D * S)/EOQ

= 200 *500/115.5

= 865.5

When approximated becomes $866

8 0

3 years ago

EA2.

REY [17]

Answer:

6,000 units

Explanation:

The beginning inventory units are calculated below

We know

Number of units produced = Budgeted units sold + ending inventory units - beginning inventory units

35,000 units = 32,000 units + 9,000 units - beginning inventory units

35,000 units = 41,000 units - beginning inventory units

So, the beginning inventory units would be

= 41,000 units - 35,000 units

= 6,000 units

8 0

2 years ago

A firm has the following cost and marginal cost functions: Upper C left parenthesis q right parenthesis equals 64 plus q square

velikii [3]

Answer: Minimum efficient scale is 8 units.

Explanation:

Given that,

Cost function: C(q) = 64 + $q^{2}$

Marginal cost function: MC = 2q

Average cost: AC = $\frac{C(q)}{q}$

= $\frac{64 + q^{2}}{q}$

= $\frac{64}{q} + q$

The minimum efficient scale is at a point where MC = AC

2q = $\frac{64}{q} + q$

$q^{2} = 64\\q = \sqrt{64} \\q = 8$

Therefore, minimum efficient scale is 8 units.

8 0

2 years ago