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3 years ago

A producer is someone who _____________.

2 answers:

3 0

Producers, as define in economics, as the person who makes the commodity ready for the market. This are people who manufacture raw materials to make it something that others are demanding or wanted. They are somewhat part of the supply side of the economy.

guajiro [1.7K]3 years ago

3 0

Makes a commodity available for sale or exchange

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When buyers in a competitive market take the selling price as given, they are said to be a. monopolists. b. free riders. c. pric

lapo4ka [179]

The answer should be C.) price takers. Hope this helps!

5 0

2 years ago

Suppose there are only two firms that sell smart phones, Flashfone and Pictech. The following payoff matrix shows the profit (in

o-na [289]

Answer:

The question is based on the economics theory named the game theory. Economists frequently use it to analyze the outcomes for adversary firms.

Explanation:

To solve this problem we need to pay attention to the best outcome for each firm given the choices of the other firm. So, when Pictech chooses a higher price, Flashfone should choose between a high or low price. The firms must keep choosing until they run out of options.

To have a dominant strategy, the firms should always choose a low price.

Based on the game theory:

If Flashfone prices high, Pictech will make more profit if it chooses a (high,low) __low___ price, and if Flashfone prices low, Pictech will make more profit if it chooses a(high,low)____low___ price.

If Pictech prices high, Flashfone will make more profit if it chooses a(high,low)_____low_price, and if Pictech prices low, Flashfone will make more profit if it chooses a (high,low) ___low___ price.

Considering all of the information given, pricing high (is, is not) __is not____ a dominant strategy for both Flashfone and Pictech.

They will end up choosing the low price strategy. Both Flashfone and Pictech will choose a low price.

The answer is true, because the prisioner's dilema is a game were both parties know that the outcome can be worse for both. So they rather play in a way that is better for their interests. In the firms' case, they could have choose higher prices, but they didn't because each of them intented to charge a lower price and outsell the other firm. Meaning that, the one with the lower price, would sell more smartphones.

8 0

3 years ago

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in million

guapka [62]

Answer:

$43 million

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

Peridot's Net cash outflows from investing activities (in millions)

= -$38 + $96 + $71 - $86

= $43

The gain from the disposal of land will be deducted from the net income under the cash flows from operating activities while the requisition of own shares is a financing activity.

3 0

3 years ago

Murray Chemical Company refines a variety of petrochemical products. These data are from the firm’s Houston plant: Work-in-proce

Mandarinka [93]

Answer:

1. Using the Weighted-average method

Total equivalent units of a cost product = A + B * C

Where:

A = units transferred to the next department or finished goods (completed)

B = units in work-in-progress at the closing time of time period

C = percentage of completion with respect to the product

Equivalent units of Direct materials = 5,580,000 + (3,090,000 × 40%) = 6,816,000 gallons.

Equivalent units of Conversion = 5,580,000 + (3,090,000 × 60%) = 7,434,000 gallons.

2. Using the FIFO method

Equivalent Units of Production = equivalent units to complete beginning inventory + units started and completed during the period + equivalent units in ending work in process inventory.

where;

Equivalent units to complete beginning inventory = units in beginning inventory × (100 percent − percentage completion of beginning inventory).

For Direct Materials;

Thus, Equivalent units to complete beginning inventory =

4,800,000 × (100 - 50%) = 2,400,000 gallons

Equivalent Units of Production = 2,400,000 + (5,580,000 × 40%) + 3,090,000 = 7,722,000 gallons

For Conversion;

Thus, Equivalent units to complete beginning inventory =

4,800,000 × (100 - 20%) = 960,000 gallons

Equivalent Units of Production = 960,000 + (5,580,000 × 60%) + 3,090,000 = 4,050,000 gallons

6 0

3 years ago

Read 2 more answers

Consider the single factor APT. Portfolio A has a beta of 1.3 and an expected return of 21%. Portfolio B has a beta of .7 and an

svetoff [14.1K]

Answer:

Portfolio A and Portfolio B

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

The Market rate of return - Risk-free rate of return) = Market risk premium

Let us assume the market risk premium be X

For Portfolio A:

21% = 8% + 1.3 × X

13% = 1.3 × X

So, the X = 10%

For Portfolio B:

17% = 8% + 0.7 × X

9% = 0.7 × X

So, the X = 12.86%

Based on the market risk premium calculations, we can conclude that Portfolio A should be in short position while Portfolio B should be in long position as portfolio B has higher market risk premium than B

3 0

3 years ago