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3 years ago

Which of the following statements is true?

Business

1 answer:

Rzqust [24]3 years ago

6 0

Answer:

The correct answer is option c.

Explanation:

An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.

These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.

The firms are price makers and face a downward-sloping demand curve.

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Suppose that Roots' marginal cost of a jacket is a constant $100.00 and the total fixed cost at one of its stores is $1 comma

Nesterboy [21]

Answer:

What is this store's average total cost of a jacket sold before the advertising begins and after the advertising begins.

before advertising costs increase:

marginal cost is constant, so we can state that the total variable costs are $100 per jacket

total fixed costs = $1,000 per day / 15 jackets = $66.67 per jacket

average total cost per jacket before increasing advertising expense = $100 + $66.67 =) $166.67

after advertising costs increase:

total variable costs are $100 per jacket

total fixed costs = $2,000 per day / 55 jackets = $36.36 per jacket

average total cost per jacket after increasing advertising expense = $100 + $36.36 =) $136.36

Can you say what happens to the price of a Roots jacket, Roots' markup, and Roots' economy?

Roots is experiencing economies of scale since average total cost per jacket decreased as the total number of jackets sold increased. But in order to sell that new amount of jackets, their price probably decreased. If the price hadn't changed, then the profit maximizing number of jackets sold per day would be close to 30, but it clearly isn't. That means that the company's markup decreased, but the company is now better off since it is maximizing its profits even though its expenses increased and the markup decreased.

8 0

3 years ago

Jessica is currently a freshman in college who wants to work for the health, safety, and environmental management career pathway

Gala2k [10]

Answer:

The answer is A. Jessica should get her bachelor’s degree and try to intern with a brownfield redevelopment specialist.

Explanation:

Brownfield Redevelopment Managers help make contaminated lands reusable. So, that would fall into the Health, Safety, and Environmental management career pathway. It's not C because you would need to have a Bachelors degree to be a Health and Safety specialist. The other options are self explanatory.

5 0

2 years ago

Read 2 more answers

Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cos

jasenka [17]

I don't what the answer is but I will look for it

3 0

3 years ago

You and your friends want to buy a condo at the beach to time share. Each of you has single peaked preferences with a most prefe

Gemiola [76]

Answer:

Individual Cost Shares to be enjoyed

Mabel $10,000 10000 / 150000 = 6.67%

Gertrude $20000 20000 / 150000 = 13.3%

Myron $30000 30000 / 150000 = 20%

Wilber $40000 40000 / 150000 = 26.6%

You $50000 50000 / 150000 = 33.3%

Explanation:

peaked preferences

Most preferred value to spend :

Mabel = $10,000

Gertrude = $20,000

Myron = $30,000

Wilber = $40,000

you = $50,000

cost of Condo = $150,000

<u>Implementing a Uniform rule mechanism to allocate costs and shares </u>

The uniform rule ; ∑ j∈I Uj (p) = Ω.

where Ω = fixed amount of resource

hence the summation of all allotment should = Ω ( $150,000 )

Number of friends = 5

cost of condo = $150,000

If divide equally each person will have to pay ; $150,000 / 5 = $30,000

Total money to be spent by friends = 10,000 + 20,000 + 30,000 + 40,000 + 50,000 = $150,000

Individual Cost shares to be enjoyed

Mabel $10,000 10000 / 150000 = 6.67∑%

Gertrude $20000 20000 / 150000 = 13.3%

Myron $30000 30000 / 150000 = 20%

Wilber $40000 40000 / 150000 = 26.6%

You $50000 50000 / 150000 = 33.3%

∑shares ≈ 100% ( 150,000 )

6 0

3 years ago

When consumers buy _____ products, then producers make _____ goods and services. This can lead to economic growth.

d1i1m1o1n [39]

More shall be written in both lines

7 0

3 years ago