Answer:
The correct answer is option B.
Explanation:
A cartel can be defined as a group of independent producers who come together to form a group in order to improve profits. In an oligopoly market, there are few firms in the market. The firms are such that the economic decisions of one firm or producer affects their rivals.
In such a situation, the firms come together to form a cartel to protect their interests. In a cartel, production limits are set for all producers so that the price is high. But cartels are generally short-lived.
This is because the individual producers have incentives to cheat the cartel by producing more than a set limit so that they can increase their profit and market share.
A provision model known as Infrastructure as a Service (IAAS) allows an organization to outsource the hardware, servers, storage, and networking components necessary to support operations.
What exactly does "IaaS infrastructure as a service" imply?
Pay-as-you-go infrastructure as a service (IaaS) is a type of cloud computing service that provides essential computing, storage, and networking resources on demand.IaaS is one of the four kinds of cloud administrations, alongside programming as a help (SaaS), stage as a help (PaaS), and serverless.
What exactly is infrastructure?
The business model known as Infrastructure as a Service (IaaS) offers pay-as-you-go access to IT resources like compute, storage, and network resources via the internet.You can request and configure the resources you need to run your IT systems and applications with IaaS.
Learn more about IAAS here:
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Answer:
Variable cost per unit= $7.2 per unit
Explanation:
Giving the following information:
Month Total Maintenance Costs Total Machine Hours
January: $2,590 - 330
February: $2,890 - 380
March: $3,490 - 530
April: $4,390 - 660
May: $3,090 - 530
June: $5,470 - 730
To calculate the variable cost under the high-low method, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,470 - 2,590) / (730 - 330)
Variable cost per unit= $7.2 per unit
Answer:
The answers are:
- A) Government tax revenue minus the sum of government purchases and transfer payments to households.
- B) a budget surplus
Explanation:
The formula to calculate public saving is (T - G - TR).
- T stands for all the government revenue through taxes and tariffs.
- G stands for all the government spending including purchase of goods and provision of services.
- TR stands for all the government transfers including payments to individuals and households through social programs (including social security).
Budget surplus is the same as public saving.
Answer: See explanation
Explanation:
The reasons for the difference in wages include:
1. Education and training: A nurse uses about 4-5 years to train to become a nurse while a surgeon uses about 15 years both at medical school and for further training and examination before he or she qualifies as a surgeon. This is a reason for the higher earning of the surgeon.
2. Also, due to the low barriers to entry, there are numerous nurses than surgeons who are few. This affects earnings as well as there are more supply of nurses which brings about a lower income than surgeons who are scarce and highly priced.
3. The skills and experience matters as well and the risks involved in their jobs results in wage difference too.
