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3 years ago

A single business is a ____ if it has achieved exclusive control over a product or service.

1 answer:

7 0

A single business is a monopoly if it has achieved exclusive control over a product or service.
For example, Microsoft is a monopoly, because it owns rights to all of its products and it doesn't share them with any other company.

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When firms are faced with making strategic choices to maximize profit, economists typically use a. the theory of monopoly to mod

stepladder [879]

Answer:

The correct answer is option c.

Explanation:

Game theory is a tool in economics. It helps to understand the situation in cases where rational players interact and act in a strategic manner. For instance in an oligopoly market where there are few firms, which are interdependent.

These firms or producers are rational players who have to decide output and price level in order to maximize their economic profits.

The theory of monopoly can be applied only in case of monopoly market. The cartel theory is applicable if firms have formed a cartel. Aggressive competition model is not always necessary.

So, the correct answer here will be option c.

6 0

3 years ago

The cost of wages paid to employees directly involved in the manufacturing process in converting materials into finished product

Fofino [41]

Answer:

c.direct labor cost

Explanation:

The direct labor is a type of manufacturing costs and the cost of wages that are paid to the individual can include the employees that are directly involved in the conversion of the raw mater into the finished products is thus classified as the direct labor cost.

The cost includes the manufacturing and converting that product incurred to produce the goods and services to meet the demands of the consumers.

8 0

4 years ago

Swifty Corporation started the year with $45600 in its Common Stock account and a credit balance in Retained Earnings of $33400.

PIT_PIT [208]

Answer:

Retained earnings balance =$54,700

Explanation:

Retained earnings is the proportion of profit made by a company which is not distributed as dividend but rather re-couped to be re-invested. A payment of dividend would reduce the balance of retained earnings while further profit retained increases it.

The balance of retained earnings at the end = opening balance + profit retained for the year - dividend paid for the year

= 33,400 + 36,500 - 15,200 = $54,700

Retained earnings balance =$54,700

6 0

3 years ago

Mark delegates a responsibility to lorraine. she is to conduct several phone interviews with ceos of client companies. what shou

Vanyuwa [196]

<span>Mark should make sure the CEOs are aware that Lorraine will be calling them. This will make sure that the CEOs are available to take the interviews. In addition, this will ensure that both sides are aware of the forthcoming correspondence, to make sure that nobody has been left in the dark.</span>

7 0

4 years ago

Magnus has reached the finals of a strength competition. In the first round, he has to pull a city bus as far as he can. One end

Soloha48 [4]

Answer: -3,300Nm or -3,300 Joules

Explanation:

Work = F X d

Where:

F = force = 1,500 N

d = distance = 2.20m

We will be taking into consideration that the work that the tension force on the rope does to Magnus is negative because the force goes against Magnus.

This is in accordance with Newton' third law, which states that for every action, there is an equal and opposite reaction.

Therefore, we have:

W = F X d

W = 1,500 X 2.20

W = 3,300Nm

Since we are not calculating the work done by Magnus, but rather the opposite work done by the rope, our answer will be negative.

We therefore have:

-3,300Nm or -3,300 Joules.

3 0

3 years ago