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FromTheMoon [43]
3 years ago
9

Parne Two large American beer producers have decided to merge and seek government approval. They claim that by joining forces th

ey will achieve cost savings related to their large fixed costs such as distribution centers and R&D. To make the case that the merger will benefit the economy, the firms must prove to the government that after the merger... A. Beer prices will go down B. The sum of producer and consumer surpluses in the beer market will increase C. The combined firm will increase its share of the US market at the expense of foreign beer producers D. All cost savings will be invested in domestic beer industry
Business
1 answer:
leonid [27]3 years ago
5 0

Answer:

The correct answer is letter "A": Beer prices will go down.

Explanation:

Usually, when two large companies merge they take most or almost all part of their market causing a monopoly. This implies the recently-merged company to set the price of the goods according to what they believe is suitable which does not necessarily match with the consumers' expectations. However, for the companies in the case to prove the government that the merger will benefit the economy, they must show that the price of the beer will go down which is the opposite of what is expected under other regular situations.

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In credit terms of 3/15, n/45, the 3 represents the
Olin [163]

Answer:

The 3 represents the percentage of cash discount. It means the cardholder will receive a 3% discount if the bill is paid within 15 days from the billing date.

6 0
3 years ago
What should a manager ideally do after implementing a solution to a given work-related problem? A. focus on other problems B. ev
erastova [34]

Answer

After implementing a solution to a given work-related problem, a manager can ideally evaluate the outcome of the solution

Explanation

In problem solving techniques, managers are required to build up a feedback channel after implementing a solution. <u>This is essential because it will provide back continuous monitoring and evaluation of the results against expectations. </u>Through evaluation, the manager can identify the impact of the new solution and revise the strategies if necessary.


8 0
3 years ago
Read 2 more answers
a random sample of 65 high school students has a norma distribution. The smple mean average ACT exam score was 21.4 with a 3.2 s
gulaghasi [49]

Answer:

90% Confidence interval:   (20.7376 ,22.0624)

Explanation:

We are given the following information in the question:

Mean, μ = 21.4

Standard Deviation, σ = 3.2

Sample size, n = 65

We are given that the distribution of ACT exam score is a bell shaped distribution that is a normal distribution.

90% Confidence interval:  

\bar{x} \pm t_{critical}\displaystyle\frac{s}{\sqrt{n}}  

Putting the values, we get,  

t_{critical}\text{ at degree of freedom 64 and}~\alpha_{0.10} = \pm 1.669 

21.4 \pm 1.669(\frac{3.2}{\sqrt{65}} ) = 21.4 \pm 0.6624 = (20.7376 ,22.0624)

3 0
3 years ago
In 2020, the CEO of Crimson, Inc., entertains 9 clients at a skybox in Memorial Stadium for a single athletic event during the y
katrin [286]

Answer:

The amount of these costs Crimson may deduct is $1,400.

Explanation:

The amount of these costs Crimson may deduct can be calculated as follows:

Costs of refreshments served during the event = $820

Higher of the cost of nonluxury box seat at Memorial = $180

Number of people the box can seat = 11

Costs of the seat = Higher of the cost of nonluxury box seat at Memorial * Number of people the box can seat = $180 * 11 = $1,980

Total cost of entertainment = Costs of refreshments served during the event + Costs of the seat = $820 + $1,980 = $2,800

50% of the total cost of entertainment = $2,800 * 50% = $1,400

Allowable deduction = Total cost of entertainment - Elimination of 50% of the total cost of entertainment = $2,800 - $1,400 = $1,400

Therefore, the amount of these costs Crimson may deduct is $1,400.

7 0
3 years ago
Miss Quested has the following quasi-linear utility function over bread (b) and housing (h): U(b, h) = 2b1/2 + h Assume that Mis
dalvyx [7]

Answer:

For b = 16 and h = 2, Miss Quested will get the maximum utility

Explanation:

Total income = $24

Price of bread = $1 per unit

Price of housing = $4 per unit

----

Constraint on Income: b + 4*h = 24

Maximizing U(b,h) = 2*(b)^(0.5) + h = 2*b^0.5 + (6 - b/4)

To calculate maximum utility, we solve for b for which

1. derivate of function = 0

2. double derivate = negative (< 0)

Step 1: Derivate = 0 => d(U)/db = 2*(1/2)*b^(-0.5) - 1/4 = 0

=> 1/b = (-1/4)^2 = 1/16

Step 2: Double Derivate < 0 => d2(U)/db^2 = (-0.5)*b^(-1.5) = Negative !

3 0
3 years ago
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