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3 years ago

In the long run, profits will equal zero in a competitive market because of

1 answer:

7 0

<span>In the long run, profits will equal zero in a competitive market because of free entry and exit.

Because there is free entry in a market, the competition can come and go as they please. This stops the ability for a company to have a monopoly because any company can come and sell the product. Companies are also able to leave a market but they may leave behind their goods without profit.
</span>

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As capital investments flow from high wage Core countries to low wage Periphery regions, _______________________ shifts take pla

svlad2 [7]

Answer: Labor

Explanation:

As a result of capital investments flowing, the labor in both the high wage countries and the low wage peripheral regions will shift due to interactions between the two labor systems.

The lower wage peripheral regions for instance, will see a rise in wages paid to their workers on account of the higher capital investment and people from these areas will move to the higher wage countries where they will be paid less which would reduce the wages paid in these higher wage countries.

3 0

3 years ago

Crane Company incurs the following costs to produce 8500 units of a subcomponent: Direct materials $7140 Direct labor 9605 Varia

Temka [501]

Answer: Net income would increase by $6,230

Explanation:

Cost if offer is not accepted and Crane produces inhouse;

= 7,140 + 9,605 + 10,710 + 16,200

= $43,655

Cost if Crane accepts offer;

Crane could avoid $3,000 of fixed overhead = 16,200 - 3,000 = $13,200

Purchase price = 2.85 * 8,500 units = $24,225

Total cost = 24,225 + 13,200

= $37,425

Difference = 43,655 - 37,425

= $6,230

<em>Income would increase by $6,230.</em>

3 0

3 years ago

In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical

Alex73 [517]

Answer:

Closed shop

Explanation:

A closed shop involves an agreement where the employer only recruits Union members. The workers must remain Union members as long as they work with the employer.

Legality of closed shop varies from country to country.

I'm this instance, Atalanta Industries agrees to hire only those workers who were already members of the Electrical Union. This is a closed shop situation.

Closed shop was declared illegal by the Taft-Hartley act in 1947.

7 0

4 years ago

Read 2 more answers

Which is a sate practice when online?

DIA [1.3K]

Answer:

Letter D is guess

Explanation:

Don't give out personal info, have a complex password and don't give it out to anyone, don't click on random pop up adds, and use a firewall

7 0

3 years ago

Suppose initially that two assets, A and B, will each make a single guaranteed payment of $200 in one year. But asset A has a cu

Bumek [7]

Answer:

we are only given information about assets A and B, no information is given about assets C or D. But you should be able to solve the question in a similar manner.

rate of return asset A = 42.86%
rate of return asset B = 25%

Explanation:

using the future value formula

Asset A:

future value = present value x (1 + r)ⁿ

future value = $200

present value = $140

n = 1

1 + r = $200 / $140 = 1.4286

r = 0.4286 = 42.86%

Asset B:

1 + r = $200 / $160 = 1.25

r = 0.25 = 25%

8 0

3 years ago

In the long​ run, profits will equal zero in a competitive market because of

In the long run, profits will equal zero in a competitive market because of