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3 years ago

Which best states the main difference between a monopoly and pure competition?

Business

2 answers:

Dennis_Churaev [7]3 years ago

8 0

Answer:

Monopoly involves no competition at all while pure competition involves high competition

Explanation:

Brut [27]3 years ago

3 0

When you have a monopoly you have a product or service on the market with no competition. On the flip side, in a pure or perfect competition there are various competitors selling the same product or service as you. The main difference between these two are that a monopoly involves no competition at all while a pure competition involves a high level of competition. (the first choice)

The second choice is incorrect because it is harder to establish a product in a pure competition market because you are competing with other companies.

The third choice is incorrect because a monopoly refers to a company with a product or service and no competition whereas a pure competition refers to one with the same products or services.

The forth choice is incorrect because they can be present in various economy structures.

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A fee is paid a. for each overdraft. c. monthly to have overdraft. b. for the first overdraft. d. annually to have overdraft.

larisa [96]

B. for the first overdraft

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3 years ago

Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s

Orlov [11]

Answer:

The c orrect answer is A.

Explanation:

Giving the following information:

Annual deposit= 1,410

Annual interest rate= 5%

Number of years= 8 years

To calculate the future value of her investment, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,410*[(1.05^8)-1]}/ 0.05

FV= $13,464.24

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3 years ago

During the elaboration stage of an organization: Group of answer choices change management is the most important skill that huma

Leno4ka [110]

Answer:

change management is the most important skill that human resource personnel contribute.

Explanation:

Elaboration stage of an organisation is also called the maturity stage. It is characterised by different units being involved in making decisions.

This slows down speed of decision making.

At this stage there is a need for revitalisation and change in order to make the organisation more efficient.

Change management is the process by which employees in an organisation are prepared and supported when there are far reaching improvements to organisation structure.

It ensures a smooth transition by providing needed information and reducing the stress associated with organisational change.

This is a key skill needed by human resource personnel fusing the elaboration stage

7 0

3 years ago

Based on the segment income statement below, Chips, Inc. is considering eliminating its Barbecue Division line. Revenue from Bar

zloy xaker [14]

Answer: Decrease by $70000

Explanation:

Before the Barbecue Division is eliminated, the profit gotten will be:

Revenue from Barbecue Division sales = $510,000

Less: Salaries = $110000

Less: Direct material = $315000

Profit = $70000

Therefore, based on the analysis above, If Barbecue Division were eliminated, profitability would decrease by $70000

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3 years ago

Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon

S_A_V [24]

Answer:

a) maximize 12x+16y subject to x+y≤60; x+2y≤80; 2x-3y≥0; x-9y≤0.

b) 40 fish and 20 beef dinners

c) $800

Explanation:

Let x and y represent the numbers of fish and beef dinners to prepare, respectively. Then the relations these values must satisfy are ...

x + y ≤ 60 . . . . . a maximum of 60 dinners will be sold

0.25x + 0.50y ≤ 20 . . . . . kitchen hours cannot exceed 20

x/y ≥ 3/2 . . . . . . at least 3 fish dinners for each 2 beef dinners will be sold

y ≥ 0.10(x +y) . . . . at least 10% of dinners sold will be beef

While satisfying these relations, we want to maximize the profit function:

p = 12x +16y

a) The linear programming problem can be formulated as ...

Maximize 12x +16y, subject to ...

x + y ≤ 60
x + 2y ≤ 80
2x - 3y ≥ 0
x - 9y ≤ 0

b) The graph shows the constraint inequalities with the comparison symbol reversed. The effect of that is to shade the area that is NOT part of the solution set, leaving the feasible region white. The vertex of the (white) feasible region that makes the profit line farthest from the origin is the solution we're looking for. Once the profit line is plotted so we can compare its slope to the lines bounding the feasible region, it becomes clear which vertex is the one that maximizes profit.

The solution is (x, y) = (40, 20).

40 fish dinners
20 beef dinners

c) The maximum earnings are estimated to be ...

($12)(40) +($16)(20) = $800

5 0

3 years ago