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Ugo [173]
3 years ago
5

Erin Reinhardt and her friend Carol Newman have just arrived in the country Boloni for a summer holiday. While renting a car on

their first day in Boloni they notice that the car rental rates are so much higher than rates back home. Carol says that in a matter of​ time, competition should drive prices down. Erin feels that the market for car rentals is probably competitive​ enough; it could just be high cost of operations in Boloni that are responsible for the high prices.
Which of the​ following, if​ true, would weaken​ Carol's argument that competition will drive prices​ down?

A. The car rental industry recently implemented​ no-show fees for customers who do not pick up their cars after making a reservation.
B. Information on car rental rates being easily​ available, it is almost impossible for firms to charge different consumers different prices.
C. To reduce​ emissions, the government has recently introduced tax per mile driven on automobiles.
D. Compared to​ Carol's home​ country, people in Boloni have lower purchasing power.
E. The government of Boloni set aside a substantial amount of money this year for the construction of freeways.
Business
1 answer:
lana66690 [7]3 years ago
3 0

Answer: <em>Option (C) is correct</em>

Here in this given comprehension, Carol profess that entry of new organization in market will further lead to reduction in prices.​ However, new tax introduced by authorities will therefore increase costs for organization in industry. Therefore, we could state that even though there are new​ firms entering, this does not necessarily mean prices will fall.

<em>i.e. To reduce​ emissions, the government has recently introduced tax per mile driven on automobiles, if​ true, would weaken​ Carol's argument that competition will drive prices​ down  </em>

<em> </em>

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Charlie the cat stole $20 from his cat mom. He's planning on spending the money he stole on catnip (Q1) and dental treats (Q2).
RideAnS [48]

Answer:

$ 20= Q1 (0.5 ) + Q3( 3)

Explanation:

Total Amount = $ 20

Dental treats Q2= $ 3

Catnip Q1= $ 0.50

Maximum no of Dental Treats he can get is = $ 20 /$3= 6.66

If he gets maximum dental treats i.e 6 , $18 will be spent (3*6)

He will be left with = $ 20- $ 18= $ 2

The maximum no of catnip he can get after buying 6 dental treats from $ 2= $ 2/$0.5= 4

Let Q1 denote the catnip and Q3 denote the dental treats then the equation would be like

$ 20= Q1 (0.5 ) + Q3( 3)

So putting the values for q1=0,1,2,3,4,5,6,7,8,9,10

for values 0-4  Q3 will be $ 18

for values 4-6 Q3 will be $ 15

for values 6-8  Q3 will be $ 12

From values Zero on wards the budget constraint will be a slope but after value 4 the change will be after every two points.

The slope will look like the one given in the diagram.

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6 0
3 years ago
The aspect of business ethics that examines business institutions from a social rather than an individual perspective is referre
butalik [34]
It is referred to as DECISION MAKING FOR SOCIAL RESPONSIBILITY. Social responsibility has to do with people and organizations behaving and conducting business ethically and with sensitivity toward cultural, economic, social and environmental issues. 
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3 years ago
A book that weighs 0.35 kilograms is kept on a shelf that’s 2.0 meters above the ground. A picture frame that weighs 0.5 kilogra
Arisa [49]
E p = m · g  · h
E p ( book ) = 0.35 kg · 9.8 m/s² · 2 m = 6.86 J
E p ( picture frame ) = 6.86 J 
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6.86 = 0.5 · 9.8 · h
6.86 = 4.9  h
h = 6.86 : 4.9
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3 years ago
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Assume Simple Co. had credit sales of $249,000 and cost of goods sold of $149,000 for the period. Simple uses the percentage of
ella [17]

Answer:

$5,220

Explanation:

The computation of the bad debt expense for the period end adjustment is shown below:

= Allowance of bad debts + credit balance of  Allowance for Doubtful Accounts

where,

Allowance of bad debts = 2% × $249,000 = $4,980

And, the credit balance of  Allowance for Doubtful Accounts is $240

Now put these values to the above formula  

So, the value would equal to

= $4,980 + $240

= $5,220

The journal entry is shown below:

Bad debt expense A/c Dr $5,220

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5 0
3 years ago
If the inverse demand function is:
Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0
3 years ago
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