Answer: The demand is shared with the new company that enters the market.
Explanation: The Cournot duopoly is an imperfect competition model, that is, the law of supply and demand is not freely used, in which two companies with equal costs compete with homogeneous goods in a static environment, that is, with the same characteristics.
For example: A leading brand of soda in the market, get a competitor that has the same characteristics. People will prefer one of the two brands and they will always lead the market, but they will have to divide the market.
Answer:
Caveat emptor is the correct answer.
Explanation:
Answer:
$9,000
Explanation:
Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.
= 3 months x $3,000 per month = $9,000
This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.
Answer:
For this situation, Answer will be (A).
Enforceable as private law.
Explanation:
- Private Law: it is the branch of law in which the relationship between a person or an institution or a government explained.
- Enforceable law: Enforceable means able to be enforced. A right or province can be enforced if a individual who is bound by an act may be forced or ordered to execute with the law process. To put it another way, enforceable is an action that can be effective.
Answer:
Net Increase in profit is $27,000
Explanation:
* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.
Sales ( $350,000 x 120% ) = $420,000
- Variable cost ( 40% ) = $168,000
- Traceable fixed cost( 175000+15000) = <u>$190,000</u>
Net Profit = $62,000
Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000