Answer:
The correct answers are letters "B" and "C": Market control by a few large firms; Either homogeneous or differentiated products.
Explanation:
An Oligopoly is when a small group of two or more companies dominates a market. Oligopoly firms may consent to <em>market collusion</em>, and <em>create barriers</em> to new trade entry. If the companies do not, they are likely to be forced to lower their prices and open the market to newer smaller companies.
The <em>ability to set prices, having homogeneous or distinctive products </em>and <em>price rigidity</em> are some other characteristics of oligopolies.
Suppose an unexpected freeze in Florida destroys 20% of the Florida orange crop.-This results in the shift of the supply curve to the left resulting in an increase in the prices.
Explanation:
Suppose an unexpected freeze in Florida destroys 20% of the Florida orange crop.
a) What are the likely effects of the crop damage on Florida orange prices and output levels?
As a consequence of the unexpected freeze in Florida , the orange crops will get damaged. This will result in a decline in the supply of oranges in the market. Which will lead to a shift in the supply curve of orange to the left, resulting in an increase in the price of oranges, and a decline in its output level or the quantity sold/supplied in the market
b) How will the freeze affect the equilibrium price of California oranges
Due to the unexpected freeze the supply curve of the California oranges will shift to the left,which will result in an increase in the price of the California oranges(In this case the quantity demanded is more than the quantity supplied/sold)
Answer:
B) the APR after the introductory period expires
Explanation:
An introductory period is the fixed amount of time — usually six to 18 months — that a credit card issuer doesn't charge interest. ... But once the honeymoon ends, the remaining balance on your card will be hit with the regular annual percentage rate (APR).
An introductory APR is a promotional interest rate that credit card companies often give new customers for a set number of months after they open an account. Some credit cards offer introductory APRs on purchases, balance transfers, or both. The rate is lower than the regular APR, often as low as 0%.
Answer:
($32,511)
Explanation:
The cash generated from operating activities can be calculated using the following formula:
Net change in cash in hand = Cash generated from Operating activities + Cash generated from Investing activities + Cash generated from financing activities
Here
Net change in cash in hand is $(12,511)
Cash generated from Investing activities is $25,000
Cash outflows from financing activities are $(5,000)
So by putting the values in the above equation, we have:
$(12,511) = Cash generated from Operating activities + $25,000 - $5,000
Cash generated from Operating activities = - $12,511 - $25,000 + $5,000
= - $32,511 = ($32,511)
Answer:
The target cost for each interior door $96 per door.
Explanation:
Target Price = $120
Target Sales volume = 20,000
Rate of return = 20%
Total Target sales = 20,000 x $120 = 2,400,000
Total return = 2,400,000 x 20% = 480,000
Total Cost = Total Target sales - Total Target return
Total Cost = 2,400,000 - 480,000 = 1,920,000
Target cost per door = 1,920,000 / 20,000 = $96 per door
