Answer:
1. Mary McFly invents a time machine and gets legal protection from competition. Patent
2. Main Line Utilities can operate at a lower cost than multiple electric companies. Economies of Scale
3. The author of Economics for Dumbbells is given exclusive rights to produce this book. Copyright
4. Your city council gives All Talk Communication Services exclusive rights to build high speed internet infrastructure in your town.Government licencing
5. DeJeers Jewelers owns 80% of the world's diamond mines. Control over Resources
Explanation:
A monopoly is when there's only one firm operating in an industry.
Economies of scale is cost reduction that accures to a firm as a result of its large scale production. For example, a supplier might give a producer a discount for buying in bulk.
A patent is when the government or an agency of the government gives the right to produce an invention or a good for a set period, others are usually excluded making, using or selling the invention.
Copyright gives the owner of an intellectual property the exclusive right to make copies of a creative work, usually for a limited time.
If a firm has exclusive access to resocurces, it is possible for the firm to prevent other firms from entering into the industry and thus retain monopoly power.
I hope my answer helps you
In order to obtain a
learners permit, teen drivers are required to pass a written test. Typically
they will prepare for this exam by completing a drivers education course.
Though not a requirement in all states, drivers ed is the easiest way to be
thoroughly prepared for the complicated driving laws and scenarios you’ll face
on the permit exam. Once you pass your permit test and earn a permit, there may
still be certain restrictions attached to this provisional license — such as
requiring a licensed driver over a certain age to be seated in the passenger
seat, limiting your driving to daylight hours, and other state-mandated rules.<span>
General United States Permit Requirements
While each state has its own set of guidelines, in
general, teens between 14 and 18 years of age can start the drivers
education and learners permit process. Once a teen driver has obtained a
learners permit, there are additional state-specific requirements they must
meet before they can apply for their drivers license.
<span>Before obtaining a learners permit in any state, a
teenager is required to pass a driving knowledge test. Drivers education is the
best way for a teen to prepare for this exam, whether the state requires it or
not. In some cases, passing a drivers ed final exam can substitute for the
written exam. No matter how the test is taken, students must pass with at least
a 70% or higher, depending on that state’s minimum. Once he or she passes, a
teen driver will be issued a learners permit. Some states require teen drivers
to have a permit for a minimum of 6 months before they can take their drivers
license exam.</span></span>
Answer:
Production for 2nd Quarter = 15,000 units
Explanation:
given data
ending inventory of finished goods = 25 %
finished goods inventory at year start = 4,000 units
so we consider here Quarter sales in unit
1 = 12,000
2 = 14,000
3 = 18,000
4 = 16,000
solution
we get here Production for 2nd Quarter that is
Production for 2nd Quarter = Quarter 2 sale + Desired Q2 ending inventory - Beginning Q2 inventory ...................1
so it will be as
Production for 2nd Quarter = Quarter 2 sale + (25% of Q3 Sale) - (25% of Q2 sale)
put here value
Production for 2nd Quarter = 14000 + (18000 × 25%) - (14000 × 25%)
Production for 2nd Quarter = 14000 + 4500 - 3500
Production for 2nd Quarter = 15,000 units
Here, we are decide the best option between making the part or buying the part.
a. Make or Buy Analysis
Particulars Make amount Buy amount
Direct Materials $4.50
Direct Labor $1.00
Overhead (80% of Direct Labor) $0.80
Cost to buy <u> </u> <u>$4.70</u>
Cost per unit <u>$5.70 </u> <u>$4.70</u>
Cost Difference = $5.70 - $4.70
Cost Difference = $1.00
Therefore, the cost difference of making amount over buying amount is $1.00.
b. Because of the difference, Beto should buy the part because its cost is lesser than to make the part.
Therefore, the buying of the part is the best decision.
See similar solution about Analysis
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The ownership of the national debt is about <u>60 </u>percent by U.S government or quasi-government agencies (federal reserve).
<h3>What do you mean by quasi-government?</h3>
A quasi-governmental healthcare organization that is funded by the government but is privately run.
Quasi-government is used to represent organizations, districts, commissions, businesses, and municipal divisions that are primarily operated by the private sector but are essentially owned by the government.
Hence, The ownership of the national debt is about <u>60 </u>percent by the U.S government or quasi-government agencies (federal reserve).
Learn more about quasi-government:
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