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3 years ago

This cartoon can be read and enjoyed on several levels. Which statement best captures the economic message of

Business

1 answer:

makvit [3.9K]3 years ago

5 0

Answer:

The correct statement lies in option C.

Monopolies negatively affect consumers.

Explanation:

The statement that best captures the economic message of the cartoon is that monopolies negatively affect consumers.

When a specific enterprise or person is the only supplier in the market, it is called monopoly.

Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.

Here, Santa Claus is the monopoly as he is the only supplier of gifts in Christmas so he gets sloppy and result in low output in his work.

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Juan argued that bluegrass is the best food for cattle in the Midwest. Sammy objected by citing how the authorities at the U.S.

seropon [69]

Answer:

committed the fallacy of avoiding the issue.

Explanation:

The fallacy of avoiding the issue is also called the fallacy of irelevant conclusion or a red herring.

It occurs when an individual avoids dealing with an issue that he has a problem with.

In the given scenario the issue is whether bluegrass is better than Alfa Alfa for cattle in the Midwest.

Instead of Juan to address the issue he is arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill.

He is not addressing the main issue

8 0

3 years ago

It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provide

Rasek [7]

It false that the causes of a problem can always possible to identify completely.

<h3>What is problem solving?</h3>

This is defined as the process of finding solution to a task that seems difficult. It is a skill, hence applied after a problem has been identified.

Hence, It false that the causes of a problem can always possible to identify completely.

Learn more about problem solving here : brainly.com/question/23945932

#SPJ4

8 0

2 years ago

Does anyone have a way or trick on using like blocked websites on a school chromebook?

kap26 [50]

I’m pretty sure u can disable or some way but it depends on like the type of thing your school uses to block websites :(

4 0

3 years ago

Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0

3 years ago

What are Aggregate Demand and Aggregate supply?

Kaylis [27]

Answer:

total or effective demand for good or service

total quantity of output firm will produce

3 0

2 years ago