Answer:
A decrease in the elasticity of demand for the cartel's product.
Explanation:
The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.
Adverse effects on consumers include:
1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.
2) Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.
3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.
4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.
Answer:
The delivery cycle time was 26.9
Explanation:
The delivery cycle time is computed as:
Delivery cycle time = Wait time + Throughput time
where
Wait time is 13.6
The formula for computing the throughput time is as:
Throughput time = Move time + Process time + Queue time + Inspection time
where
Move time is 3.3
Process time is 2.7
Queue time is 7.0
Inspection time is 0.3
Putting values above:
Throughput time = 3.3 + 2.7 + 7.0 + 0.3
Throughput time = 13.3
Now, putting both the values above:
Delivery cycle time = 13.6 + 13.3
Delivery cycle time = 26.9
Answer:
Amount after 15 years = 183255.011
Explanation:
Below is the calculation to find the amount after 15 years:
Annuity amount or early deposited amount = $5200
Time period = 15 years
Interest rate = 11.3 %
Now we have to find the amount after 15 years:
Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]
Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]
Amount after 15 years = 183255.011
Answer:
IT HEPLS TO SOLVE ECONOMIC PROBLEMS ABOUT TRADITIONAL SUPERSTATION