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puteri [66]
4 years ago
14

In most large cities there are a large number of bakeries. These bakeries produce similar, but not identical, products. Some bak

eries claim to have the best cheesecakes in town, while others brag about their cookies or specialty breads. The bakery market in a large city is an example of:A.Monopolistic competition.B. Perfect competition.C. An oligopoly.D. A monopoly.
Business
1 answer:
Kaylis [27]4 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

A monopolistic market is a market structure that has a large number of buyers and sellers in the market. The sellers produce heterogeneous or differentiated products which are close substitutes. There are relatively easier entry and exit in the market as compared to a monopoly market.

There is a high degree of competition in the market and the producers use an advertisement to promote their products.

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Describe the nature of a manufacturing businesses
IrinaVladis [17]

Answer:

manufacturing business is any business that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product.

6 0
2 years ago
The Missing Link Chain-Link Fence Company is trying to determine how many chain-link fabricating machines to buy for its factory
OleMash [197]

Answer:

Explanation:

What is given:

The price of a new fabricating machine - 60

The price of a one-year-old machine - 51

The real interest rate is 10% per year

Marginal product of fabricating machines 165-2K (K - desired number machines)

If calculate the depreciation, (60-51)/51 = 15%

a) Find user cost of capital

User cost of capital is the sum of interest rate and depreciation cost multiplied by the price of new machine

= 60*(0.10+0.15) = 15 units

b) Determine the number of machines that will allow Missing Link to maximize its profit

165-2K=15

2K = 150

K = 75 machines

c)

Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company?

165-2K = 15/(1-0.4)

165-2K=14/0.6

165-2K=25

2K=140

K=70 macines

4 0
3 years ago
Rise ’n Shine Bakeries is a nationwide chain that has plants located throughout the U.S. Top management at Rise ’n Shine believe
IRISSAK [1]

Answer:

The correct answer is letter "B": False.

Explanation:

A decentralized organization is one in which most decisions are taken by low range managers. On the other hand, centralized firms are characterized by following the guidelines of high-level executives. Decentralized companies have the same reporting structure as centralized institutions but each of them working at their hierarchy level.

5 0
3 years ago
Grays Company has inventory of 17 units at a cost of $12 each on August 1. On August 3, it purchased 27 units at $11 each. 19 un
ludmilkaskok [199]

Answer:

Cost of goods sold =$226

Explanation:

<em>Under the First in First Out (FIFO) method of the perpetual inventory system, it assumed that the first batch of inventory received into the store should be issued out first. Therefore, inventories are valued using the price of the oldest batch in turn according to when the batches arrive.</em>

The 19 units of units sold in August 6 would be valued as follows:

17 units at $12 per  units =  204

2 units at $11 per unit =      22

Cost of goods sold = 204 + 22 = $226

Cost of goods sold =$226

5 0
3 years ago
Kegler Bowling installs automatic score-keeping equipment with an invoice cost of $190,000. The electrical work required for the
kogti [31]

Answer:

 $229,550  

Explanation:

The computation of the total recorded cost is shown below:

Particulars  Total cost Included or  Excluded Machinery Expense

Invoice cost $190,000 Included                         $190,000  

Electrical work

required

for installation  $20,000 included                         $20,000  

Delivery costs  $4,000         included                          $4,000  

Sales tax      $13,700         included                           $13,700  

Repair costs   $1,850          excluded                                   $1,850

Total            $229,550                                      $227,700 $1,850

The invoice cost, electrical cost, delivery cost, sales tax included in the machinery and the repair cost is an expense so it come under the expense  

8 0
3 years ago
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