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Maksim231197 [3]
3 years ago
13

In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.

Business
1 answer:
FrozenT [24]3 years ago
3 0

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

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A process includes 9 tasks and there are 3 workers. Each task can be assigned to only one worker and each worker must be assigne
Katen [24]

Answer:

24.8 per hour

Explanation:

There are 3 workers and hence are three workstations. Consecutive activities are assigned to each workstation such that workload is as uniform as possible

Hence the time in each workstation (WS) is,  

WS1 = 45+55+15 = 115 seconds

WS2 = 25+50+5+30 = 110 seconds

WS3 = 95+50 = 145 seconds

Workstation 3 has the highest processing time and hence is the bottleneck and determines the capacity of the process

Therefore capacity = 1/145 per second = 3600/145 per hour = 24.8 per hour

8 0
3 years ago
A division sold 230000 calculators during 2020: Sales $2300000 Variable costs: Materials $437000 Order processing 172500 Billing
lakkis [162]

Answer:

the unit contribution margin is 65%

Explanation:

Unit contribution margin = Contribution / Selling Price × 100

                                         =($2300000-$805000) / $2300000 × 100

                                         = $1,495,000 / $2,300,000 × 100

                                         = 65%

6 0
3 years ago
Read 2 more answers
A cable company spends, on average, $ 600 to acquire a customer. Annual maintenance costs per customer are $ 45. Annual record-k
tangare [24]

Answer:

Average customer life value

CLV = 1260

Explanation:

Gross Margin \times\frac{retention}{1+discount-retention} )= CLV

Fis, we will calcualteteh gross margin.

For that we need the revenue:

We will calculate the average revenue per year:

50%  30 dollars per month = 180

40%  50 dollars per month = 240

10%   80 dollars per month =  96

average annual revenue per customer: 516

now we ill calcualte the gross margin:

revenue           516

maintenance   (45)

administrative (30)

gross margin   441

441 \times\frac{0.8}{1+0.08-0.80} )= CLV

CLV = 1260

6 0
3 years ago
Average cost can never rise while marginal cost are decline
bezimeni [28]

The provided statement is false because when the marginal cost is greater than the average cost, then the average cost tends to rise.

<h3>What is the average cost?</h3>

The average cost is the cost per unit of a manufactured product. It is determined by dividing the total cost of production by the number of units produced.

The average cost can rise, fall, or have no effect totally depending on the relation of average cost with marginal cost. If marginal cost is higher than average cost. then average cost tends to rise whereas it falls in the reverse case. There is no change in the average cost if both of them are equal.

Therefore, the average cost rises in the scenario where it exceeds the marginal cost.

Learn more about the average cost in the related link:

brainly.com/question/26413746

#SPJ1

7 0
2 years ago
In nearly half the cases in which U.S. firms have requested protection from imports, one or more companies in the industry oppos
gizmo_the_mogwai [7]

Answer:

The reason is that the companies believed that they were able to compete against global and domestic rivals.

Explanation:

The reason for companies to be against the protection is that they believed that they didn't need it because they had advantages that allow them to compete against competitors from other countries. However, if the US would have established a protection from imports, the countries of the companies affected by the measure could have established similar restrictions that wouldn't allow these companies to compete in other markets.

7 0
3 years ago
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