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
coldgirl [10]
2 years ago
10

If an industry consisting of two firms produces a total of 12 units, the market price is $10. If 13 units are produced, the pric

e falls to $9. Suppose the two firms form a cartel and agree to produce 6 units each. If one firm cheats and produces 7 units, the cheating firm's revenue rises by _____ and the noncheating firm's revenue falls by _____.
$3; $12


$6; $12


$6; $6


$3; $6
Business
1 answer:
Olenka [21]2 years ago
8 0

Answer: $3; $6

<span>The two firms formed a cartel which means they agree to produce same with the purpose of maintaining prices at a high level and restricting competition.</span> In the case of two firms who agree on producing 6 units but one cheat, this will be the effect:

<span><span>At 6 units each, and a market price of $10, each firm will have a gross sale of $60. If one cheats and produced 7, the market price will fall to $9, resulting to $63 (7*9)  and a gain of $3. The noncheating firm will acquire a sale of $54 (6*9) only or a loss of $6. The answer is  </span><span>$3; $6.</span></span>
You might be interested in
Which spreadsheet function is used to conduct a logical test to see if the conditions of a given expression can be met? A. Round
Nataly [62]

D.IF Function (APEX VERIFIED)

6 0
3 years ago
Read 2 more answers
As an advertising manager of a company, you have been asked to write out a proposal stating why the company should advertise and
e-lub [12.9K]

Answer:

Advertising

Explanation:

Considering the present market conditions in which this organization operates I propose to the Company Board that the organization starts advertising on various platforms considering the following reasons:

1. Increase Profit:

When we advertise, we create more sales which in turn leads to an increase in profits.

2. Market share:

The market share for this the company expands as a result of increased customers; due to advertising.

3. Builds Goodwill:

As the company becomes a very popular company because of growing advertising it will increase the trust if customers coming.

3 0
3 years ago
Some federal grants, such as categorical grants, ____________, while others, such as block grants, ____________.
Vinil7 [7]
Fund only individual citizens; fund only projects for states and localities
5 0
3 years ago
Dax has been promoted to a first-line manager. Dax's new position will require him to spend a lot of time
monitta

Answer

This new position as a first line manager will require him to operate his departments. This role requires him to assign tasks, manage the work flow, monitor the quality of work, solve the employees problems and keep informing the middle and executive managers on challenges and success on the ground level of the company.

Explanations

First-line managers provide firsthand information on true challenges and can offer better and workable solutions. This is because they have the immediate view of the outcomes of the policies, strategies, marketing approaches and production capabilities of the company. They have the ear of upper managers, where they will offer solutions that can improve the processes in the company and the procedures. In addition to that, first-line managers are expected by the work-group employees to protect them from policies and initiatives which are unreasonable.



5 0
3 years ago
IF COUNTRIES FIND WAYS OF IMPROVING THEIR FACTOR OF PRODUCTIVITY
Margarita [4]

Answer:

THEIR FACTOR OF PRODUCTIVITY will increase.

7 0
2 years ago
Other questions:
  • How did the appreciation of the U.S. dollar and depreciation of the yuan affect the timing andmagnitude of the Asian currency cr
    11·1 answer
  • If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater bur
    6·1 answer
  • When you organize an analytical report indirectly, in what order should the ideas be presented?
    7·1 answer
  • Donovan's Fine Furnishings manufactures upscale custom furniture. Donovan's currently uses a plantwide overhead rate based on di
    6·1 answer
  • As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 20% of Nursery Supplies Inc
    13·1 answer
  • Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme
    13·2 answers
  • Given the following information, compute accounts receivable turnover. Gross sales $150,000 Accounts receivable, beginning of ye
    8·1 answer
  • For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal
    13·1 answer
  • Primary demand is a desire for the ________ rather than for a ________; it is often the focus of marketing when there are few co
    10·1 answer
  • Which extended ERP component collects information used throughout an organization, organizes it, and applies analytical tools to
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!