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3 years ago

In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.

1 answer:

8 0

Because in a perfectly competitive market, the sellers have to fluctuate how much their product cost based on how the majority of how products like his or hers sell for in or around his or her area of business.

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Catherine works for BluCorp, which has an employee handbook stating that employees will be terminated for good cause. Catherine'

adell [148]

Answer:

Contract

Explanation:

The reason is that the employee contract helps the employee to protect his rights and avoids the BluCorp to terminate the employee without any reason. So the employees act also safeguards the employee's rights and talks about the damages and the fines that will be imposed on the employer for terminating employees without any reasons.

3 0

3 years ago

Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 3.5 percent;

WARRIOR [948]

Answer:

20 years (scenario A) and 16 years (scenario B)

Explanation:

The real GDP will double in "n" number of years, with "n" estimated by interpolation using the formula below.

$current GDP * (1+Growth Rate)^{n} = 2 * current GDP$

In the solutions below, we assumed current GDP to be 1, and as a result, the GDP will double to 2.

Scenario A

$1 * (1+0.35)^{n} =2$

When you substitute 20 for "n" in the left hand side (LHS) of the equation, you will arrive at 1.99 which is approximately equal to 2. Any number below 20 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 3.5%, real GDP will double in about 20 years.

Scenario B

$1 * (1+0.45)^{n} =2$

When you substitute 16 for "n" in the left hand side (LHS) of the equation, you will arrive at 2.02 which is approximately equal to 2. Any number below 16 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 4.5%, real GDP will double in about 16 years.

6 0

3 years ago

Beranek Corp has $695,000 of assets (which equal total invested capital), and it uses no debt - it is financed only with common

lesya692 [45]

Answer:

$278,000

Explanation:

Data provided:

Total invested capital or assets = $695,000

Total debt to total capital ratio = 40%

now,

$\frac{\textup{Total debt}}{\textup{Total capital}}$ = $\frac{\textup{40}}{\textup{100}}$

Total debt = 0.4 × Total capital

Total debt = 0.4 × $695,000

Total debt = $278,000

Hence,

The firm must borrow $278,000 to achieve the desired ratio

3 0

3 years ago

Last year Bold and Best accounted for 56.5% of Baldwin's sales. Over the next few years, what should worry Baldwin's management

DaniilM [7]

Answer:

Explanation:

4 worries about Bold and Best (BB) are:

- Demand for BB may fall in the next few years, as customers are now less interested in purchasing BB or there is another substitute product for BB which is available in the market.

- Input costs/Production cost for BB may rise in the next few years, may be because of shortage of raw materials.

- The decline in BB sales may affect Baldwin's profitability as a whole because BB's revenue is currently the largest portion of the total revenue.

- Real purchasing power of customers fall because of a rise in expected inflation in the economy, which will lead to a fall in sales of BB.

6 0

3 years ago

Suppose that although the rated capacity of a freezer is x, the actual capacity is h(x) = x − 0.008x2. what is the expected actu

EastWind [94]

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7 0

3 years ago