Answer:
The correct answer to the following question is option A) charging slightly lower price and raising production .
Explanation:
A cartel can be defined as a group of firms , that join forces together to decide what level of output should be produced and at what prices they should be sold at. A cartel generally forms in oligopoly market where there are few firms in the market and they all have significant share in the market.
Reason why firms join forces together is because they want to have more dominant position in the market and increase the market power. So these type of cartels forms a monopoly n the market and earn high profits. But there are always chance of firms cheating each other in market, by either increasing the production or decreasing the price by a small percent, which will allow them to earn more profits.
Answer:
$5625.60
Explanation:
number of units produced =50 units
direct labour hours 100
direct materials $ 680
Direct labor cost $ 7,000
The unit product cost for Job P951 is;
Direct materials = $ 680
Direct labor cost $ 7,000
variable manufacturing overheads $ 6.00*100=600
total fixed manufacturing overheads= $ 273,000
total costs=$(680+7000+600+273000)=$281,280
unit product cost=$28,1280/50
=$5625.60
You didn't put all the alternatives, but I understand economics and I know exactly that concept.
Supply price elasticity measures how price changes impact the supply of goods and services. If the elasticity of supply is elastic, it means that supply is very sensitive to price changes. If the price goes down even slightly, the supply of goods will fall sharply. If the price increases, even if little, the offer will increase much. Conversely, if supply is inelastic, price changes will have little effect on supply for the good. If the price goes down, there will be little impact on the supply of the good. If the price increases, there will also be little impact on supply.
Answer:
Multinationals provide an inflow of capital into the developing country.
Explanation:
This capital investment helps the economy develop and increase its productive capacity.
