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sladkih [1.3K]
3 years ago
10

When deciding on output levels, members of a cartel A. Set their output where MR=MC B. Produce the same level of output as if th

ey were in a competitive market C. Take into account the impact of changes on members' profits D. Act as if they were monopolies.
Business
1 answer:
siniylev [52]3 years ago
3 0

Answer: Option(D) is correct.

Explanation:

Correct option:  Act as if they were monopolies.

Cartel is a group of few firms that work towards the common goal. Because all the cartel members works together, that's why they act like a monopolies.

They decided to produce at a level where their combined marginal revenue is equal to the combined marginal cost.

Because they behave like a monopolist, so they sell lesser quantity at a higher prices than would be in a perfectly competitive market.

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The answer is B final answer
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5) If workers demand and receive higher real wages (a successful wage push), the cost of production ________ and the short-run a
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Answer:

The answer is C.

Explanation:

If workers demand and receive higher real wages the cost of production will rise. This is because workers(labor) is an input of production. The wages is the reward for the direct labor for work done. So increase in wages lead to an increase cost of production.

Due to this, the short-run aggregate supply curve shifts leftward i.e reduces the market supply because producers will produce less at a high cost of production and produce more at a lower cost of production.

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if the change in reserves in the banking system is $40 million, and the required reserve ratio is 10 percent, then the change in
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True

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2 years ago
Read 2 more answers
Suppose the United States is currently producing 200 tons of hamburgers and 60 tons of tacos and Mexico is currently producing 4
4vir4ik [10]

Answer:

Explanation:

United States is producing 200 tons of hamburgers and 60 tons of tacos.

United States' opportunity cost for producing 1 ton of hamburgers

= \frac{60}{200}

= 0.3

United States' opportunity cost for producing 60 tons of tacos.

= \frac{200}{60}

= 3.33

So we see that US has a lower opportunity cost in producing hamburgers, so it has a comparative advantage in producing hamburgers.

Mexico is producing 40 tons of hamburgers and 50 tons of tacos.

Mexico's opportunity cost of producing a ton of hamburgers

= \frac{50}{40}

= 1.25

Mexico's opportunity cost of producing a ton of tacos

= \frac{40}{50}

= 0.8

So we see that Mexico has a lower opportunity cost in producing tacos, so it has a comparative advantage in making tacos.

Since US specializes in making hamburgers, it will produce 200 tons of hamburgers and 0 tons of tacos.

Mexico specializes in making tacos, it will produce 50 tons of tacos and 0 tons of hamburgers.

5 0
3 years ago
Choose the appropriate stage of the venture life cycle in which the following activities would occur.
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Answer:

  • Transition from one-person leadership to team management leadership  - Growth
  • New-product development  - Innovation or decline
  • Search for capital - Start-up
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  • Venture assessment - New-Venture Development
  • Attempts to acquire other firms  - Innovation or decline
  • Consumer indifference to the entrepreneur's goods or services  - Stablization
  • Accumulation of resources  - New-Venture Development
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  • Development of an effective entrepreneurial team - Start-up

7 0
2 years ago
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