1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dvinal [7]
3 years ago
6

If a quota license is awarded to a domestic firm without an auction, it may generate bribes or lobbying spending to earn this re

venue. Economists call this a(n) ____ activity.
Business
1 answer:
Natasha2012 [34]3 years ago
6 0

Answer:

c) wasteful rent-seeking

Explanation:

Rent-seeking is an economic activity that does not add any value, and it often includes lobbying and spending resources of your own company. This is a common practice when companies cannot find another feasible revenue stream, so they manipulate the distribution of various resources to gain wealth. This way, no value is created.

You might be interested in
What is a vision statement
FromTheMoon [43]
A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
8 0
3 years ago
Read 2 more answers
The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and
yan [13]

Answer:

Option D. Shut down because staying open would be more expensive.

Explanation:

The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.

5 0
3 years ago
The Assembly Department of​ ByteSize, Inc., manufacturer of​ computers, incurred $ 290 comma 000 in direct material costs and $
andreev551 [17]

Answer:

The cost per equivalent unit of production​ (EUP) for conversion costs is​ $116.67

Explanation:

The cost per equivalent unit of production​ (EUP) for conversion costs is​ = 70000/600= $116.67

3 0
3 years ago
Smith Wholesale budgeted sales price is $40 per unit for an budgeted sales volume of 5,000 units. The actual performance was 5,5
alex41 [277]

Answer:

$20,000 Favorable

Explanation:

As for the provided information, we have:

Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.

Formula for the above = (Actual Sales - Budgeted Sales) \times Standard Price

= (5,500 - 5,000) \times $40

= $20,000

This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.

Therefore, Sales Volume Variance = $20,000 Favorable

8 0
3 years ago
A company that recently lost patent protection for a product may see an increased threat from which​ forces? g
Ray Of Light [21]

Answer:

  • Threat of Substitutes
  • Threat of New entrants/ Competitors

Explanation:

This question relates to Porter's five forces.

A patent on a good protects that good from being able to be copied or produced by other companies.

Should a company lose this protection, companies will be allowed to make substitutes to the products without running afoul of the law. The company will therefore face an increased threat from Substitutes.

Other companies will also be able to produce the goods or offer the services now which would mean that new entrants/ competitors can come into the market for that good or service.

8 0
2 years ago
Other questions:
  • After writing a check for 172, your account is overdrawn by $31. How much money did you have in the account before you wrote the
    8·1 answer
  • Match the following:
    13·2 answers
  • In recent years, the Federal government’s top three uses of funds were approximately _____ % for income security and pensions, _
    13·1 answer
  • Sarah purchased a stock one year ago at a price of $32 a share. In the past year, she has received four quarterly dividends of $
    14·1 answer
  • Apple, known for creativity and innovation, keeps its new innovations consistent with previous product lines to maintain long-te
    11·1 answer
  • A small business investment company (sbi is a(n):
    15·1 answer
  • Your bank account pays an interest rate of 9 percent. You are considering buying a share of stock in XYZ Corporation for $90. Af
    13·1 answer
  • Who is most likely to threaten the security of a business?
    7·1 answer
  • On January 1, Year 1, Barnes Company issued a $100,000 installment note. The note had a 10-year term and an 8 percent interest r
    6·1 answer
  • On November 1, 2021, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is for a six-month term
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!