Answer:
The correct answer is option c.
Explanation:
An oligopoly is a market structure where there are a few sellers. These sellers may be selling homogenous or differentiated products.
There is high competition in the market. The sellers are interdependent on each other.
This interdependence happens because of a few sellers. The decisions of a seller affect its rivals. So before making a decision regarding price and output, a firm must consider the reaction of its rivals.
So all the firms are mutually interdependent.
Life insurance
business insurance
car/vehicle insurance
home insurance
Answer:
The cost of opportunity is 4 pancakes.
Explanation:
The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:
This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.
Answer:
The percentage of assets committed to inventory is 26.9%.
Inventory turnover is 4.8 times.
Explanation:
<em>Inventory as a percentage of assets = total inventory / total assets × 100</em>
= (1.10 + 2.20 + 0.82) / 15.3 × 100
= 26.9% (rounded)
<em>Inventory turnover = cost of sales / inventory </em>
= 19.8 / (1.10 + 2.20 + 0.82)
= 4.8 times (rounded)
