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katovenus [111]
3 years ago
11

Explain how federal laws help promote fair competition.

Business
1 answer:
saul85 [17]3 years ago
8 0
Federal laws help promote fair competition by setting limits on what is acceptable to charge for something so that a price war also does not start. Federal laws allow necessities to be kept at prices that the average joe can afford. Also these laws allow for competing companies to still compete, but have pricing be more standard. If these laws were not in place, business demand would not be protected from unfair methods. 
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The ninth worker adds 25 units to total production. The tenth worker adds 22 units to total production. The company has:________
Anit [1.1K]

Answer:

Diminishing returns

Explanation:

A firm producing widgets (term for a generic good) has two factors of production. The factory and labour. The capacity of the factory is fixed, and the marginal cost (MC) of labour is the same (i.e. each new worker will cost the same).

There are two stages to how MC is affected.

1. Increasing returns (MC goes down)  

As output begins to increase, the large manufacturing  processes/equipment  still not fully utilised means and the additional labour  can be productive as they can always use the equipment to its full potential due to which the MC is relatively low.

2. Constant returns (MC goes sideward)

At this point, labour is producing its optimal output per unit. The marginal cost  is therefore at its lowest.

3. Diminishing returns (MC goes up)

The more labour that is employed, the less marginal output it is able to produce.  This could be a result of too many people to efficiently operate/ rotate use of  machinery. The cost increases more and more to generate an extra unit of  output, because of labour exhibiting diminishing returns in the short run.

In this question, the 10th worker has added 22 units which is 3 units less than the number of units added by the 9th worker, thus the company is producing less marginal output for each worker. so based on the above discussion it can be concluded that the company has Diminishing returns.

7 0
3 years ago
The family business is looking to expand, and some members of the family, but not all, feel that it might be worth bringing in s
natka813 [3]

In order to hire an external manager for an expanding family business, it is necessary to implement a hiring process that clearly identifies the organization's set of needs, values ​​and objectives, in order to take the right action.

<h3 /><h3>Family business</h3>

This business structure corresponds to the management and decision-making authority of family members, which can mean a stronger organizational culture with well-established and even inflexible values.

Therefore, according to the culture, in a hiring process, the ideal profile of the professional must also be established for the expansion strategy, which constitutes the focus of the company.

It is also necessary to have an accountability plan that guarantees greater autonomy to the professional, since in family businesses decision-making can be more rigid and centralized.

This can be a positive decision to increase knowledge and bring a differentiated vision to the company, generating innovation and creativity.

Find out more information about family business here:

brainly.com/question/25452811

6 0
2 years ago
Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms ha
Alborosie

Answer:

The answer is "Share offer is better".

Explanation:

Firstly Computing the value of the combined company:

The merger value = the market value of the B company + the market value of the T + synergically advantages

= shares issued * share price of company B + outstanding shares * price per share of company T + benefits for synergies

=4,600 \times \$40+1,000\times \$14+\$8,800\\\\=\$206,800\\\\

Number of new shares which have been created following the merger = the number of shares in the T *exchange ratio

=1000 \times \frac{1}{2}\\\\=500 \ shares\\\\

The percentage price of the fusion company = the value of the fusion company /the share value of the fusion company

The per-share price of the combined company=\frac{\$206,800}{4,600+500}=\frac{\$206,800}{5,100}=\$40.55

The cash offer value = 16 dollars per share

Stock offer value = price of merged company share /2 = \frac{\$40.55}{2}=\$20.27 / \ share\\\\

Thus, share offer is better

8 0
3 years ago
The three basic questions in Economics are all of these, except _____________________.Question 2 options:What to produce.How to
sladkih [1.3K]

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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Professionals in the Broadcasting and journalisms pathway are responsible for which of the following Designing and construction aesthetically pleasing work.
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3 years ago
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