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3 years ago

Explain why monopoly is uncommon in the real world

Business

1 answer:

lara [203]3 years ago

7 0

Explanation:

There are certain necessary conditions required for a market to operate as a monopoly. These conditions are not generally met in the real world. This is the reason why monopolies are very rare not so common in the real world.

A monopoly is a market structure where there is a single producer selling a product with no close substitutes. In the real world, almost all products have substitutes.

Also for a monopoly to operate there should be a restriction on entry and exit of firms which is difficult to hold in the real world.

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In a process operation, each process has a separate department which will accumulate costs for each of the following: Multiple s

Keith_Richards [23]

Answer:

overhead

direct labor

direct materials

Explanation:

Process operations can be regarded as process manufacturing it can be explained as mass production method that is been followed when producing products following a continuous flow.

It can be regarded conveyer belt system which brings about production of identical as well as standardized item with fast rate as regards the speed. It should be noted that In a process operation, each process has a separate department which will accumulate costs for ;

✓overhead ( ongoing costs that is gotten in operation of a business)

✓direct labor

✓direct materials

6 0

3 years ago

Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same

Greeley [361]

Answer:

Cost per Unit Fatboy= $ 27800

Screamer Cost per unit = $3779.80

Explanation:

Howrley-David, Inc.

Fatboy Screamer Total

Units Assembled 990 1,980 2,970

Materials cost per unit $ 2,600 $ 3,600

Material Costs 2574000 7128000

Other costs:

Direct labor $1069200 2138400 $ 3,207,600

Indirect materials 534, 600

Other overhead 1,603,800

FoH 712800 1425600 2138400

Total Costs 2752,2000 7484000

No of units 990 1980

Cost per Unit 27800 3779.80 

The total costs have been added and then divided with the number of units to get the cost per unit.

Direct Labor Costs =Total Direct Labor Costs/ Total number of units* required number of units

DLC for Fatboy= $ 3,207,600 /2970 *990= $1069200

DLC for Screamer= $ 3,207,600 /2970 *1980= 2138400

FActory Overheads = Total Factory Costs/ Total Units ( Required Units)

FOH for Fatboy= 534, 600 +1,603,800/2970 * 990= 712800

FOH for Screamer = 534, 600 +1,603,800/2970 * 1980= 1425600

6 0

3 years ago

Assume that you and your best friend each have $1,000 to invest. You invest your money in a fund that pays 10% per year compound

marishachu [46]

Answer:

correct answer is c. You both have the same amount of money

Explanation:

given data

invest = $1000

pay compound interest = 10%

pay simple interest = 10%

time = 1 year

solution

we get here difference in the total amount that is your friend money - your money .................1

so difference in the total amount = invest × $(1+rate)^{time}$ - [ invest + ( invest × rate × time) ] ......................2

put here value

difference in the total amount = $1000 × $(1+0.10)^{1}$ - [$1000 + ( 1000 × 10% × 1) ]

difference in the total amount = 0

so correct answer is c. You both have the same amount of money

7 0

3 years ago

An auto manufacturer is considering adding new automation to their assembly line to reduce production costs. The manufacturer is

QveST [7]

Answer:

Check the explanation

Explanation:

As per the beta distribution, the average revenue per year = (Pessimistic +4*Most Likely +Optimistic) / 6

Avg revenue per year = (460000 + 4*660000 + 840000) / 6 = 656666.67

MARR = 12%, life = 9 yrs

NPW = -4000000 + 656666.67 * (P/A,12%,9) + 40000 * (P/F,12%,9)

= -4000000 + 656666.67 * 5.32824 + 40000 * 0.36061

= 7498877.6+14424.4

= -433415.60

= -433000 (nearest 1000)

7 0

3 years ago

Read 2 more answers

The debt created by a business when it borrows from a vendor or supplier is called a(n):

Tatiana [17]

Answer: Account payable

Explanation:

The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.

The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.

According to the given question, the debt basically created by the business during the process of borrows from the supplier or the vendors is known as the account payable.

3 0

3 years ago

Read 2 more answers