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mars1129 [50]
3 years ago
7

Think about what happened to Standard Oil. Write a paragraph in which you explain whether or not you agree with the actions take

n by the government to interfere with the growth of Standard Oil as a monopoly.
Business
1 answer:
hoa [83]3 years ago
5 0
The United States government was correct in interfering with the growth of Standard Oil. Not only was the company taking advantage of existing situations, but eventually it would have controlled the oil market entirely. If Standard Oil was able to gain control of the market for a long period of time, consumers could have had to pay extremely high prices for the oil that they needed, limiting their purchase of other goods. Or Sample response: The United States government should not have interfered with the growth of Standard Oil. Because the company had managed to reduce production costs, it was able to offer very low prices to consumers. This benefited many Americans. Without the company's production benefits, citizens were not able to take advantage of this infrastructure.
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What does surplus mean in Economics?
jenyasd209 [6]
A surplus<span> is used to describe many </span>excess<span> assets including income, profits, capital and goods. A </span>surplus<span> often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. </span>Economic surplus<span> is related to supply and demand</span>
6 0
3 years ago
Do you think individuals should be able to open companies anonymously? Why or why not?
adoni [48]
Well im stuck in the middle so ill give you to reasons 


why i think they shouldnt be able to:
cuz they might wanna open it just as a scam and might try scamming and/or harming others



why i think they should be able to:
if they have a great idea and can prove its not a scam then im all for it ppl should be able to share and give their idea's to the world no matter howw far fetched they may seem 

also ur question requiers an opinion so it should be what YOU  think not just what others think :) in this type of question it would be best to go with ur own answer cuz there is no right or wrong anyways have a nice day :)
8 0
4 years ago
You order a $20 sweatshirt online for a Father’s Day gift. The shipping charge is $10. You can get free shipping if your order t
Yakvenalex [24]

Answer:

Incentive

Explanation:

Incentive -

It refers to the peice or work or activity that enables you to perform the work , is referred to as incentive .

It is a type of motivation or a bait .

Hence , from the given scenario of the question ,

Ordering the  bobble head dolls , which is completely not required is a type of incentive , as it will make the shipping free of cost .

Hence , the correct answer is incentive .

3 0
3 years ago
Phillip​ Witt, president of Witt Input​ Devices, wishes to create a portfolio of local suppliers for his new line of keyboards.
kirill115 [55]

Answer:

Based on the EMV value, the best choice is to use Two suppliers

Explanation:

Is necessary to consider different amount of suppliers and evaluate the cost. We will choose the number of suppliers which offers a lower cost.

  • EMV1 = cost of shutdown*super event risk + cost of shutdown*unique event risk + cost of managing supplier = 480000*.02 + 480000*0.05+16000 = 9600 + 24000 + 16000 = $ 49600

  • EMV2 = cost of shutdown*super event risk + cost of shutdown*unique event risk of each supplier*unique event risk of each supplier + cost of managing 2 suppliers = 480000*.02 + 480000*0.05*.05+16000*2 = 9600 + 1200 + 16000*2 = $ 42800

  • EMV3 = cost of shutdown*super event risk + cost of managing 3 suppliers = 480000*.02 + 480000*0.05*.05+16000*2 = 9600 + 16000*3 = $ 57600

Based on the EMV value, the best choice is to use Two suppliers

6 0
3 years ago
Which payment option could have interest charged to you
kramer

Answer:

Loans, Credit cards

Explanation:

If you don't pay your credit card on time, they will charge you a late fee. If you take out a loan, they make you pay back the money you took out and a percent of that amount for interest.

6 0
3 years ago
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