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2 years ago

"why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run?"

Business

2 answers:

-BARSIC- [3]2 years ago

4 0

Answer:

Because at zero profit, with her revenue, she can cover all her costs—explicit and implicit (opportunity cost).

Explanation:

At zero profit, the revenue covers all of its costs, including the implicit costs. Recall that implicit costs include the cost of lost wages from time working on one's own business. Hence at zero economic profit, the producer not only covers the accounting costs of production, but also covers the opportunity cost of the next best use for the resources, such as foregone wages by not working at a different job.

notka56 [123]2 years ago

3 0

<span>Money is not the only measure of success and not everything is transactional. A producer may choose to produce for many reasons. Among them, working with exceptional talent as well as gaining experience and getting street creds.</span>

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Kingbird Company sells 290 units of its products for $18 each to Logan Inc. for cash. Kingbird allows Logan to return any unused

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Answer:

Kingbird Company

a. The amount of Net Sales = $5,040.

b. The amount of the estimated liability for refunds = $180

Explanation:

a) Data and Calculations:

Units of products sold to Logan Inc. = 290

Selling price = $18

Sales revenue = $5,220 ($18 * 290)

Cost of each unit = $11

Expected returns = 10/290 = 0.03448

Net sales = $5,220 * (1 - 0.03448)

= $5,040

Estimated liability for refunds = $180 ($5,220 - $5,040)

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2 years ago

A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota

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The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation.

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2 years ago

Most Apple retail stores have a Genius Bar staffed with highly trained personnel who can help customers with their purchases of

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2 years ago

Do some research on mergers and acquisitions. What were the five largest mergers– acquisitions last year? Make a list of the par

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Answer:

Mergers and Acquisitions in 2019:

1. The five largest mergers-acquisitions in 2019:

Acquirer and Partner

a. BB&T and SunTrust

b. Schwab and TD Ameritrade

c. Raythem and UTC

d. Newmont and Goldcorp

e. Salesforce and Tableau Software

2. Reasons for the M&A:

a. BB&T and SunTrust - to cut cost

b. Schwab and TD Ameritrade - to save money

c. Raythem and UTC - to become largest defence company

d. Newmont and Goldcorp - to acquire competitive advantage

e. Salesforce and Tableau Software - to boost revenue

3. Some of the M&A transactions do not make any strategic sense. For example, now that Raythem and UTC combined want to form the largest defense company, do they add much to their stockholders returns? Some others acquired to cut cost will experience the huge costs of acquisition, which are, most times, too large to be written off in a single year.

Explanation:

Major financial transactions done at the corporate level for the purpose of consolidating the assets of two or more companies, growing market share, and eliminating competition are called Mergers and Acquisitions (M&A). Consolidation of companies may be achieved through mergers, acquisitions, assets purchase, management acquisitions, etc.

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2 years ago

Starbucks has signed a contract with a television production company to have its brand featured prominently in a new situation c

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Answer: The advertising strategy used is product placement.

Explanation:

Product placement also called embedded marketing, is a form of advertising technique which involves referencing a specific brand/product done by incorporating it into another work, such as a movie or television show, with specific intent to promote the product.

product placement is the intentional incorporation of references to a product/brand in exchange for compensation or cash payment .

Product placements may range from appearances not attracting attention within an environment, to major integration and acknowledgement of the product within a program or a show.

Common categories of products placed on product placements include automobiles, consumer electronics, beverages(in the case of the example), drinks, clothing.

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