Answer:
Principles are defined as the traditions and philosophies found in societies that often mediate the behavior of people when interacting with others. In other words, principles represent the objective realities and expected norms that enable fairness, integrity, and honesty. For example, an apple that falls from a tree will also land on the ground as a result of gravity and represents an expected norm.
Values are defined as the subjective beliefs of individuals on issues and ideas. More specifically, values are an expression of opinions that people often adapt to different situations or may change over time.
Answer:
A) the marginal benefits are greater than the marginal costs.
Explanation:
When you are trying to evaluate an investment project, marginal benefits and marginal costs are actually incremental benefits and incremental costs.
Incremental benefits are the benefits that a company earns by taking a particular action or making a particular decision, always compared to not taking that particular action or making that decision.The same applies to incremental costs.
So a good manager should decide to invest or not in a certain investment project if the revenues that the project will generate are greater than its costs, and are greater than the benefits that could be generated by other similar investments (opportunity cost).
Answer:
$55 per share
Explanation:
Calculation for the customer's cost basis in ABC stock
Based on the information given we were told that the customer bought the stock at the amount of $50 in which he later sold at the amount of $44 making the customers to have a loss of $6 per share ($50-$44), which means the customer adjusted of the cost basis on the stock will be calculated as :
ABC stock $49 + Loss of $6 per share
=$55 per share.
Therefore The customer's cost basis in ABC stock is: $55 per share.
Answer:
<u>Question 1. </u>
Significant barriers to entry.
<u>Question 2.</u>
A formal collusive arrangement among firms.
<u>Explanation:</u>
Question 1.
It is only when there are restrictions to entering a market that a monopolistic firm will continue to earn economic profit in the long run. That is, <em>if it continues to be the only firm (without competitors) offering products or services.</em>
Question 2.
Remember, a cartel is a <em>unanimous agreement</em> (or formal collusive arrangement) by a group of firms to regulate supply and prices of products in it's industry.
