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Rufina [12.5K]
3 years ago
11

The average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents. Water

Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents. Which of the following statements is most likely true of Water Inc. in this scenario?A. It has a competitive advantage in the industry.B. It has a competitive disadvantage in the industry.C. It has competitive parity with other firms in the industry.D. It has formed a strategic alliance with other firms in the industry.
Business
1 answer:
UkoKoshka [18]3 years ago
7 0

Answer: A. It has a competitive advantage in the industry

Explanation:

From the question, we are informed that the average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents and that Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents.

The scenario shows that Water Inc has a competitive advantage in the industry. This is seen as the bottle of water is produced at a cheaper cost wen compared to its rivals.

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Answer: When to produce

Explanation: Three basic questions in economics are - what to produce? , how to produce ? and for whom to produce ?

What to produce deals with what type of goods, whether luxury or necessity, should be produced.

How to produce deals with the method of production.

For whom to produce deals with the problem of which section of the society does production should be done.

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3 years ago
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The demand for seats in 10 a.m. classes at the College of the Canyons is higher than the demand for seats in 8 a.m. classes. The
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If the institution prices classes at the price required to achieve equilibrium at 10 a.m., there will be a surplus at 8 a.m.

<h3>What is the demand?</h3>

The demand is defined as the quantity of commodity that a customer of a product wants it at each possible prices during a given period of time. This relation of demand with the price is an inverse relation.

In this scenario, the demand for seats at 10 a.m. classes at the College of the Canyons is greater than the demand for seats at 8 a.m. classes.

There will be a surplus at 8 a.m. if the college prices classes at the price required to attain equilibrium at 10 a.m.

Therefore, demand is opposite to the supply.

Learn more about  the demand, refer to:

brainly.com/question/13334895

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2 years ago
Which statement is FALSE concerning the skin's role in protection?Which statement is FALSE concerning the skin's role in protect
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Your answer is "The skin insulates the body's deeper organs"

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List the elements of the implied warranty of merchantability and provide an example of a sale of goods that includes this warran
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Article 2 of the UCC code states that in order for goods to be merchantable (or fit for sale) they must:

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  2. must be of fair average quality, e.g. the cereal must be edible and be of a reasonable quality, like have a decent flavor
  3. must be fit to serve the purpose for which an average consumer might purchase them, e.g. you should be able to eat your cereal at breakfast, and it should not require hours or preparation
  4. the quality of all the units included in the package must be similar, although slight variations are permitted, e.g. cornflakes should be of similar size and quality
  5. are properly packaged and labeled, e.g. the package should not be broken and it should include relevant information
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There are lots of ways in which an implied warranty of merchantability is breached, e.g. if the cereal is spoiled, the box is broken and the contents are falling, cornflakes are all crushed and lost consistency, etc.

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