All categories

4 years ago

Which benefit is shared by both Monopolies and Oligopolies?

Business

1 answer:

fomenos4 years ago

5 0

Answer:

C. They have Access to enough capital to operate in high-cost industries.

Explanation:

Both monopolies and oligopolies have some common traits, and one of the most important ones is that they all have a large market power. Their power comes from high entry barriers to the industries in which operate in. Generally these industries are high-cost industries, e.g. it costs billions to build the electric grid of a large city. These high entry barriers decrease or virtually eliminate the possibility of competition.

You might be interested in

Ironwood company had assets of $248,000 and liabilities of $160,000. during 2022, assets increased $28,000 and liabilities incre

Reptile [31]

$340,000. stockholders' equity on December 31, 2022

$280,000 + ($375,000 - $285,000) - $30,000 = $340,000

Total Assets = Penalties + Owner's Equity

<h3>How to Calculate Current Liabilities. </h3>

The equation must counteract because everything the firm owns must be purchased from debt (liabilities) and assets (Owner or stockholders equity). The owner's equity is computed by adding up all of the business assets and removing all of its liabilities.

To calculate current liabilities, you ought to add together all the money you owe lenders within the next year (within 12 months or less). Current liabilities contain current payments on long-term loans (like mortgages) and client deposits.

To learn more about Current Liabilities visit the link

brainly.com/question/13076734

#SPJ4

4 0

2 years ago

After working for a large firm for several years, tyler started his own landscaping design business. however, he soon ran out

Veronika [31]

Answer:

The answer is stated below:

Explanation:

Under this situation, where the Tyler, who is working in a large firm for several years, he started his own business for the same profile. But in a short period of time, the business ran out of the money and he is in a situation or condition, where he has to close the business as he unable to pay the firm expenses.

Grounded on the information, the reason of his business failure, is lack of financial planning as well as backing, which result in business unable to cover the operating cost of the business. Few years of experience of working led to inadequate knowledge of the operation cost and led to failure of his business.

6 0

3 years ago

The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $7.60/unit; direct labor,

Advocard [28]

Answer: The answer is as follows:

Explanation:

Given that,

Raw material = $7.60/unit

Direct labor = $10.60/unit

Manufacturing overhead = $8.60/unit

(1) Unit cost under variable costing = Raw material + Direct labor + variable Manufacturing overhead

= 7.6 + 10.6 + 8.6

= 26.8

(2) Unit cost under absorption costing = Raw material + Direct labor + variable Manufacturing overhead + fixed Manufacturing overhead

= 7.6 + 10.6 + 8.6 + 8.6

= 35.4

5 0

4 years ago

Volten Inc. is an apparel store. It has separate sections for casual wear, office wear, and party wear. It offers a broad select

yarga [219]

Answer:

The answer is: D) product user

Explanation:

Product user segmentation refers to the marketing practice of dividing potential customers into segments based on the characteristics they might share, for example: shared behavior, workplace, leisure activities, hobbies, etc.

Usually the better you know your customers, the better you can divide them into segments, although one single customer may apply to all of them.

4 0

3 years ago

Consider the following production function: Q=(L+K)1/2

boyakko [2]

Answer:

(a) MPL = 1/2

(b) MPK = 1/2

(d) APK = = L/2K+ 1/2

(e) TRSL,K = 1

Explanation:

Q = (L+K)1/2 = L/2 + K/2 ……………………………………………………. (1)

Where Q is the total output, L is Labour and K is capital

(a) What is the Marginal Product of Labor (MPL)?

To get MPL, differentiate equation (1) with respect to L as follows:

MPL = dQ/dL = 1/2

(b) What is the Marginal Product of Capital (MPK)?

To get MPK, differentiate equation with respect to K as follows:

MPK = dQ/dL = 1/2

Both MPL and MPK are diminishing since each of them is 1/2 which less than one.

(c) What is the Average Product of Labor (APL)?

To calculate APL, divide equation (1) by L as follows:

APL = Q/L = (L/2)/L + (K/2)/L

= 1/2+ K/2L

(d) What is the Average Product of Capital (MPK)?

To calculate APK, divide equation (1) by K as follows:

APL = Q/K = (L/2)/K + (K/2)/K

= L/2K+ 1/2

(e) What is the TRSL,K ?

TRSL,K implies Technical Rate of Subsitution of L for K = MPK/MPL

TRSL,K = MPK/MPL

Since both MPK and MPL are each equal to 1/2 as calculated under (a) and (b) above, we substitute for them in the TRSL,K as follows:

TRSL,K = MPK/MPL = (1/2)/(1/2) = 1

(e.1.) Is the absolute value of TRSL,K diminishing in L or K?

No, it neither diminishing in L nor K since the answer is equal to 1.

(e.2.) Are there constant, decreasing, or increasing returns to scale?

Since the TRSL,K is equal to 1, it implies there is a constant return to scale.

I wish you the best.

8 0

3 years ago