1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artemon [7]
3 years ago
12

3. Problems and Applications Q3 This chapter discusses companies that are oligopolists in the market for the goods they sell. Ma

ny of the same ideas apply to companies that are oligopolists in the market for the inputs they buy. If sellers who are oligopolists try to increase the price of goods they sell, the goal of buyers who are oligopolists is to try to decrease the prices of goods they buy. Major league baseball team owners have an oligopoly in the market for baseball players. The owners' goal is to keep players' salaries . True or False: This goal is difficult to achieve because teams have different budgets. True False Baseball players went on strike in 1994 because they would not accept the salary cap that the owners wanted to impose. True or False: The owners felt the need for a salary cap to help prevent any team from cheating. True False
Business
1 answer:
NARA [144]3 years ago
6 0

Answer: 1. Low

2. False

3. False

Explanation:

1. The owners' goal is to keep players' salaries <u>Low</u>.

As the text says, Oligopolist buyers would try to reduce the price of goods that they buy. In the MLB world, the teams are the buyers and the players are the sellers with the salaries being their price. Team owners will therefore try to keep salaries at a low level so that they make more profit.

2. False

This goal is not difficult to achieve due to budget differences but rather because different payers offer varying contributions to the team's game. Some players push the team forward more and hence are able to demand their fair share. This makes it difficult to cap their salaries.

3. False

They only tried to impose the salary cap so that they could reduce the cost of running the basketball teams and not to prevent teams from cheating. The salaries they were paying were high enough that they felt they weren't making enough profit. So they conspired to impose a salary cap so that they could make more profit.

You might be interested in
Managers are a critical part of any successful organization because​ ________.
Dmitriy789 [7]

Managers are a critical part of any successful organization because<u> "they use their skills and knowledge to move the organization forward towards established goals".</u>


Managers impact every one of the periods of present day associations. Sales Managers keep up a business constrain that business sectors merchandise. Staff Managers give associations an able and gainful workforce. Plant Managers run fabricating activities that create the garments we wear, the nourishment we eat, and the vehicles we drive.  

Basically, the part of managers is to direct the associations toward objective achievement. All associations exist for specific purposes or goals,and managers are in charge of joining and utilizing hierarchical assets to guarantee that their associations accomplish their motivations.

6 0
3 years ago
Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7
k0ka [10]

Answer:

The depreciation cost per year is:

Year 1: $16,800

Year 2: $31,200

Year 3: $27,600

Year 4: $15,120

Explanation:

To calculate the depreciation cost for the equipment based on hours used, we must determine the cost per hour:

cost per hour = (purchase cost - salvage value) / expected useful life

cost per hour = ($93,420 - $2,700) / 7,560 hours = $90,720 / 7,560 hours = $12 per hour

The depreciation cost per year is:

Year 1: 1,400 hours x $12 per hour = $16,800

Year 2: 2,600 hours x $12 per hour = $31,200

Year 3: 2,300 hours x $12 per hour = $27,600

Year 4: 1,260 hours x $12 per hour = $15,120

3 0
3 years ago
Which of the following are used to calculate the standard quantity per unit of direct materials?
wlad13 [49]

To calculate the standard quantity per unit of direct materials all the give options are used.

Direct materials requirements per unit of finished product, allowance for rejects and allowance for waste and spoilage Direct materials are the resources and materials used in the production of a product that can be immediately linked to that product.

Typically, a product's bill of materials contains a list of the materials that have been recognised as direct materials. The unit quantities and average costs of each material used in a product are listed in the bill of materials, which may also include an allocation for overhead.

Learn more about Direct materials here:

brainly.com/question/28215450

#SPJ4

4 0
1 year ago
Define ATS and describe its use.. Why would large companies<br> use an ATS ?
elena55 [62]

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

7 0
2 years ago
Charice wants to send an email to her manager. She has some concerns about the work a coworker is doing. Charice has noticed tha
finlep [7]
The approaches would be the best way for Charice to communicate this to her manager is Send an email to her manager requesting a meeting to talk in person about her concerns. Mark the importance level as high. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Use the​ price-demand equation p plus 0.005 x equals 46​, 0 less than or equals p less than or equals 46. Find the elasticity of
    9·1 answer
  • In the expression of formulas, the products are obtained from the __________;and essence "change partners" – that is plus to ___
    6·1 answer
  • The company has a target capital structure of 40% debt and 60% equity. Bonds pay 10% coupon (semi-annual payout), mature in 20 y
    11·1 answer
  • "john is a drug dealer who wants to make quick money. john is an example of a"
    12·2 answers
  • Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours
    13·1 answer
  • On January 1, 2021, Sauder Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for S
    7·1 answer
  • Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
    12·1 answer
  • You believe your restaurant concept can generate $50,000 in net profit per year. Your investors demand at 20% return on investme
    11·1 answer
  • Michael’s Bakery had $236,400 in net fixed assets at the beginning of the year. During the year, the company purchased $53,200 i
    5·1 answer
  • 1. What PECs must she possess if there are customer who complain about the quality of her product???
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!