Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly
Explanation:
Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.
Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.
Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.
Answer:
It is more convenient to produce in house.
Explanation:
Giving the following information:
Direct materials $ 4.00
Direct labor 8.00
Overhead 9.00
Total costs per unit $ 21.00
Direct materials and direct labor are 100% variable. The overhead is 80% fixed. An outside supplier has offered to supply the 61,000 units of RX5 for $19.00 per unit.
The fixed costs are unavoidable, therefore we will concentrate the analysis in the variable costs.
Make in house:
Unitary cost= 4 + 8 + (9*0.20)= $13.8
Buy= 19
Difference= 19 - 13.8= 5.2
It is more convenient to produce in house.
Answer:
The journal entries relating to the conversion of preferred stock to common stock are highlighted below:
Dr Preferred stock $45,000
Dr Paid-in capital in excess of par $9,900
Cr Common stock $18,000
Cr Paid-in capital in excess(balancing figure) $36,900
Explanation:
Find in the attached the detailed computations of the amounts above.
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Explanation:
Answer:
O will increase and output and price level will increase as well.
Explanation:
If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.
