Answer:
(a) American Eagle is a monopolistically competitive market (b) Burger king is a monopolistically competitive market (c)Merck's cholesterol-fighting drug is a monopoly market (d)your local electric company is a monopoly market. (e) a farmer who grows corn is a competitive market
Explanation:
Solution
American Eagle : It is Monopolistic Competitive. There are many firms which is of one of the number of clothing and accessories retailers in the market where no business have total control over market.
Burger king:This is a monopolistic competitive market as there are many producers who sell same product but they are differentiated by branding.
Merck's cholesterol fighting drug: This is a monopoly market as there is one firm that produce this drug
.
Local electric company: It is a monopoly market as it is owned by a local loop where it is the only source for the particular locality
The stock market: It is a competitive market as there are large number of producers who want to earn profits .Here the market prices varies depending on competition
.
A farmer who grows corn: It is a competitive market because there are so many people who grows corn and sell in the market.Here the market prices varies depending on competition
As the gas prices increase, the demand for electric and fuel efficient cars has greatly increased. People want to avoid spending more money than needed. With new advancements being made technologically, there is not much of a demand for cars that require excessive gasoline.
These new advancements have created a new era of automobiles which in turn creates job openings and economic growth in the auto industry.
Personally, I would rather purchase an electric car, or a car that is more fuel efficient to save more money in the long run.
Answer: Option D
Explanation: As time is a very important resource for every organisation and is considered as the essence of success, business organisations should manage it properly.
The interviewing process in recruitment should be done on the basis of job type. It means all the candidates that are applying for same job profile or job in the same departments should be interviewed at the same day individually. This will help the organisation to save its time.
Hence, from the above we can conclude that the right Option D.
Answer:
The right answer is A. Liabilities increased by $1.0 million in 2018
Explanation:
During 2017 and 2018, we have the following information:
+ In 2017, there is $2 million wages earned but not yet paid, so, Wages payable at the end of 2017 should be amounted to $2 million.
+ In 2018, there is another $8 million wages earned. At the same period, there is $7 million wages paid which is distributed as followed: $2 million to clear all Wages payable in 2017 and the other $5 million to clear $5 million out of $8 million wages payable in 2018. So, the only wages liability outstanding at the end of 2018 is the amount of $3 million earned in 2018 but not yet paid ($8 million - $5 million).
=> Liabilities in 2018 increases $1.0 million in comparison with the year 2017 ( $3 million - $2 million).
When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.
