Answer:
The correct answer is option a.
Explanation:
An increase in the price of inputs of production will cause an increase in the cost of production. The firm will now be able to produce less at the same cost.
As a result, the supply of the commodity will decline. this causes the supply curve to shift to the left further causing an increase in the price of the product.
Answer:
The correct answer is C
Explanation:
Floor bridge is one of the effective and useful exercise which works on the hamstrings of the person. It is performed by slowly pushing the heels, lifting the hips from the floor untill the body is in a position which is straight line from the knees to the shoulders.
So, the best approach in order to avoid any adductors while doing the floor bridge, one has to keep the feet, hip width apart and then straight ahead.
Answer:
<em>The two firms will manipulate the market in unison, to maintain the same price, which guarantees the optimum benefit for both firms, as opposed to if one or both of them reduces its price.</em>
Explanation:
<em>A cartel is a group of independent market participants that collude with each other in order to improve their profits and dominate the market.</em> Cartels are usually in the same line of business, and they form a type of alliance as competitors. Cartel use price fixing, bid rigging, and reductions in output, to dominate the market and to maximize their profit. They are usually frowned upon in a free market system.
In this case,<em> if the the two firms Boeing and Rolls-Royce operates as a cartel, they will bend the market rules by fixing their prices, instead of letting market drivers like demand and supply to determine their selling price, they might also reduce their output so that they both have the same level of output, or do any other form of manipulation in unison to maintain the same price</em>. This is because both companies will benefit equally if they maintain the same price, as opposed to if one or both of them reduces price.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The Variable unitary cost= $37 each.
The fixed costs are $70,000.
The selling price for each product is $72.
1) revenue function= P*X
Revenue function= 72*x
Option E
2) Profit function= (P-Vc)*X-Fc
Profit function= 35*x-70000
Option B
3) break-even quantity= fixed costs/contribution margin
break-even quantity= 70000/35= 2000 units
Option D
4) break-even point ($)=fixed costs/contribution margin ratio
Contribution margin ratio= contribution margin/P= 0,49
break-even point ($)=70000/0,4861111= $144000
