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3 years ago

To reduce potential liability, in which area should real estate professionals not provide expert information?

Business

1 answer:

Mama L [17]3 years ago

5 0

Real estate experts should not provide advice

on tax implications. this is because to offer such an advice the expert need training and knowlidge on state and federal tax laws. Tax laws are complex and varies from state to state which requires a considerable high level training. ina ddition, the laws keep on changing as new budgets are read,and the expert may not be conversant with any change.

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marusya05 [52]

Answer:

a. realize an economic profit in the long run.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.

This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.

In a purely competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a purely competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

An important similarity between a monopolistically competitive firm and a purely competitive firm is that realize an economic profit in the long run and these profits tends toward zero as both firms continue in the market.

6 0

2 years ago

Why is scarcity a fundamental problem in economics

KATRIN_1 [288]

Answer:

Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.

Explanation:

Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.

8 0

2 years ago

Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to

mezya [45]

Answer:

E) incomplete market and product protocol.

Explanation:

Kimberly-Clark's Avert Virucidal failed in test marketing, because the researchers in charge of product development failed to clearly define how it would satisfy consumers' wants and needs. The idea itself wasn't bad, but the concept testing was poorly done. During concept testing, the marketing researchers must determine if the consumers understand the product's idea or not, and obviously that didn't happen. The product does satisfy consumers' needs and if the marketing process was properly done, they would have probably accepted the product.

3 0

3 years ago

Read 2 more answers

4 of 50 (3 complete)

Fantom [35]

Answer:

The slope of the demand curve at point A is  - $0.40/unit

The slope of the demand curve at point B is - $0.14/unit

Explanation:

See the file attached with the figure corresponding to this question.

The slope of a curve at a given point is the slope of the line tangent to the curve at that point.

Point A:

The tangent line to the demand curve at point A is drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:

slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units

slope = - $10 /25units = - $2/5units = - $0.40/unit.

The minus sign indicates the that price decreases when the quantity increases

Point B:

The tangent line to the demand curve at point B passes through the points (90, 12) and (140, 5).Then, the slope is:

slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units

slope = - $7 /50units = - $7/50units = - $0.14/unit.

Again, the negative sign indicates that when the number of units increase the price decreases.

3 0

3 years ago

The juice company is a medium-sized company producing fourdifferent flavors of juice, including two new flavorsrecently added on

abruzzese [7]

The text presents a problematic situation related to the production, profitability, and demand of a juice factory.

The text describes a problematic situation of a juice company in which it began to produce two more flavors of juice different from the traditional ones (juice A and juice B).

However, this did not produce the expected results because the expected profits were not obtained due to the fact that the production of these new juices was less and required more resources for their manufacture.

In collusion, the addition of two new flavors was somewhat disadvantageous because it did not bring the expected economic results and complicated the production of the juices that the company was already producing.

Learn more in: brainly.com/question/17096236

This question is incomplete because the text is incomplete. Here is the complete text and the question.

The juice company is a medium-sized company producing four different flavors of juice, including two new flavors recently added on the ground they were in high demand by customers who were willing to pay a premium for them.

Recently, under the pressure of shareholders about the poor financial performance, Grace Orland, manager of the juice company, has been concerned over the erosion of the recent financial results especially for the standard flavors (A and B) which used to earn a 20 percent of profit margin.

Richard Dunn, the manufacturing manager, was also excited to introduce the new flavors since they were expected to generate higher margins while using the same technology as standard flavors. However, I have noticed that the introduction of new flavors added some technical complexities to the production process. For instance, unlike Flavors A & B, which were produced in huge volume and in long production runs, difficulties started to arise with the new flavors which were produced in smaller batches but required more changeovers and more production runs (see Exhibit 3).

1. Describe the problem the company is facing.

8 0

2 years ago