Answer:
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Explanation:
Through price collusion, each firm would achieve higher profits.
When competing businesses agree to cooperate, such as by raising prices in order to increase profits, this is called collusion. Collusion is a strategy used by businesses to increase profits at the expense of customers and lowers market competition.
Lower consumer surplus, higher prices, and more profits for the colluding businesses are the results of collusion. It may enable oligopolists to exercise monopoly power and increase their group earnings. In an oligopoly, businesses have a strong incentive to work together.
Collusion may be a tactic used in times of unproductive economic circumstances to try and rescue the industry and save companies from going out of business, which would not be for the long-term benefit of consumers.
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Answer:
The correct answer is "she should work 16 hours per week at daycare center to earn $136.00"
Explanation:
Pham can earn at the college bookstore
$9 dollars per hour x 15 hours per week she can spend
$9 x 15 = $135
At a café she can earn
= $12 dollars per hour x 6 hours per week
=$12 x 6 = $72
At a garage she can earn
= $10 dollars per hour x 5 hours per week
= $10*5 = $50.
At a daycare center she can earn
= $8.50 dollars per hour x 16 hours per week
= $8.50*16 = $136.
If her goal is to maximize the amount of money she can make each week,
she should work 16 hours per week at daycare center to earn $136.00
Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
Answer:
$73,600
Explanation:
Cash flow from Operating Activity
Cash sales $26,000
Collections on accounts receivable $99,000
Payments to suppliers ($47,000)
Cash generated from operations $78,000
Income taxes paid ($4,400)
Net cash provided by operating activities $73,600
therefore,
the amount of net cash provided by operating activities indicated by these transactions is $73,600