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kari74 [83]
3 years ago
7

As a group, oligopolists earn the highest profit when they a. achieve a Nash equilibrium. b. produce a total quantity of output

that exceeds the Nash-equilibrium total quantity. c. produce a total quantity of output that falls short of the Nash-equilibrium total quantity. d. charge a price that falls short of the Nash-equilibrium price.
Business
1 answer:
Hunter-Best [27]3 years ago
8 0

Answer: The correct answer is "c. produce a total quantity of output that falls short of the Nash-equilibrium total quantity."

Explanation:  When oligopolists act together, it is called collusion. Collusion refers to cooperation between different companies. Companies collude in some way to establish prices and production levels. In this way, they can act as monopolists and establish a high price and a level of production that does not reach the total amount of Nash equilibrium which produces the maximum benefit as a group.

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Stock A's beta is 1.5 and Stock B's beta is 0.5. Which of the following statements must be true, assuming the CAPM is correct. a
serious [3.7K]

Answer:

E.In equilibrium, the expected return on Stock A will be greater than that on B.

Explanation:Beta is a measure used in the stock marketing to describe how volatile a stock is compared the the overall market. A stock with a Beta greater than one signifies that a share is more volatile than the overall market, while a Beta less than one signifies that the market is more volatile than the stock.

IN EQUILIBRIUM, STOCK A WITH A BETA GREATER THAN ONE WILL BE MORE PROFITABLE AND GENERATE MORE INCOME THAN STOCK B WHICH HAS A LOWER BETA THAT IS LESS THAN ONE.

8 0
3 years ago
At Nice Price for the Ice, an ice cream parlor, customers routinely buy a scoop of ice cream for $2.75. If consumers purchase on
Alla [95]

Answer:

Consumers would not keep buying ice cream at $2.75 because after purchasing a certain amount of ice cream, utility would be maximised and consumers would not value ice cream at $2.75 anymore. Consumers would not purchase a product it the marginal utility that would be derived from consuming the product is less than the price.

According to the law of diminishing marginal utility, as more units of a product is increased, total utility increases but at a decreasing rate.

Explanation:

Marginal utitiy is the increase in utility that is derived from consuming one more unit of a product.

7 0
3 years ago
Which of the following is the process of identifying and documenting the functional and physical characteristics of a work produ
Lana71 [14]

The term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.

What is work product ?

Work product serves as the  writings, notes, memoranda,  that is been done on a conversations with the client or witness, as well as the confidential materials that is been formed by  attorney while representing a client, particularly in preparation for trial.

On the hand can be regarded as the mental impressions, conclusions, opinions,  for an attorney in anticipation of litigation , hence  term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.

Learn more about work product  at:

brainly.com/question/13323692

#SPJ1

CHECK THE COMPLETE QUESTION:

What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project’s products are correct and complete?

4 0
1 year ago
Current operating income for Bay Area Cycles Co. is $74,000. Selling price per unit is $120, the contribution margin ratio is 30
NeX [460]

Answer:

1. 6,944 units and $833,333.33

2.  $1,080,000 and  22.83%

Explanation:

The computations are shown below:

1. Break-even point in units

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit × contribution margin ratio

= $250,000 ÷ $36

= 6,944 units

Break-even point in sales

= (Fixed expenses ) ÷ (Contribution margin ratio)  

= $250,000 ÷ 30%

= $833,333.33

2. For margin of safety and margin of safety ratio:

Margin of safety = Expected sales - break even sales

where,

Expected sales = (Operating income + fixed expense) ÷ (contribution margin ratio)

= ($74,000 + $250,000)

= ($324,000) ÷ (30%)

= $1,080,000

So, the margin of safety would be

= $1,080,000 - $833,333.33

= $246,667

Margin of safety ratio = Margin of safety ÷ total sales

                                      = $246,667 ÷ $1,080,000

                                      = 22.83%

3 0
2 years ago
If employees are told that budgets must be cut by 10 percent, they may automatically assume that 10 percent of employees will lo
Mandarinka [93]

Answer: This tendency to make assumptions is referred to as CLOSURE.

Explanation: CLOSURE is defined as the experience of an emotional conclusion usually to a difficult period. This is usually done bearing in mind that the experience is open to more than one meaning, interpretation or explanation. In this case, the information given to the employees is a polysemy/ambiguous making their assumptions referred to as closure.

7 0
3 years ago
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