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3 years ago

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If the profit-maximizing markup factor in a 3-firm cournot oligopoly is 2, what is the corresponding market elasticity of demand

?

1 answer:

AVprozaik [17]3 years ago

3 0

what are the choices?

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Juan, the owner of quality catering, is driven by competition. he is very focused on meeting deadlines and quality, and on deliv

Gnoma [55]

I would say that quality catering has a production-oriented culture where meeting production targets on time is prime and the fact that the manager rewards the meeting of those targets is good but he shouldn't ignore the need for employee development and satisfaction as that could have an adverse effect in the long term.

3 0

3 years ago

Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requir

Dmitrij [34]

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

8 0

3 years ago

Hairston Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets a

aleksandrvk [35]

Answer:

Amount in flexible budget of cost of direct material for the month of November shall be $93,456

Explanation:

Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.

Here, for the month of November

Actual activity = 7,920 units

Standard material cost = $11.80 per unit

Amount in flexible budget based on actual quantity of output shall be

7,920 $\times$ $11.80 = $93,456

Actual cost = $93,926

Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456

5 0

3 years ago

In 2014, Wire Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses we

victus00 [196]

Answer:

The company's operating cash flow is $100,000

Explanation:

The computation of the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - depreciation expense - administrative and selling expenses

= $740,000 - $550,000 - $95,000 - $90,000

= $5,000

The income tax expense equals to

= (Sales - cost of good sold - depreciation expense - administrative and selling expenses - interest rate) × tax rate

= ( $740,000 - $550,000 - $95,000 - $90,000 - $94,000) × 35%

The amount comes in negative so we cannot compute the tax expense as corporation is suffering from the net loss

And all other items would remain same

Now put these values to the above formula

So, the value would equal to

= $5,000 + $95,000 - $0

= $100,000

5 0

3 years ago

Match each of the following scenarios in which there are problems enacting and applying fiscal policy with the correct type of p

shepuryov [24]

Answer:

Fiscal policy is the manner in which a state changes its degrees of consumption and duty rates to track and effect the economy of a country. It is the financial arrangement approach by which a national bank influences the cash supply of a country.

Part a)

It is an operational slack on the grounds that the new venture will be taking two years to be done and the period between the purpose of execution of an approach or methodology and the moment that it starts to take sway is called operational slack.

Part b)

It is an acknowledgment slack in light of the fact that the government officials are making time for taking a move against expansion and the acknowledgment slack is the deferral in time between the events of a stun in economy.

Part c)

It is an authoritative slack since it requires some investment for the legislators to perceive the issue of downturn until the bill improvement is at last endorsed and the time interim between perceiving an issue and making a move to manage or resolve it is called a managerial slack.

Part d)

It is an operational slack in light of the fact that a year is spent by the government offices spend for building up a lot of guidelines and the period between the purpose of usage of an arrangement or method and the moment that it starts to take sway is called operational slack.

7 0

3 years ago