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3 years ago

In an oligopoly, the total output produced in the market is

Business

1 answer:

N76 [4]3 years ago

3 0

Answer:

Letter c is correct. Higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.

Explanation:

An oligopoly is a market situation that occurs when there are a small number of companies that dominate the supply of a particular product or service in a sector of the economy. It can occur naturally or structurally, and the purpose of this market configuration is to have greater competition and price control, so that there is greater profitability.

This scenario is characterized by imperfect competition, which is similar to the monopoly market, but in oligopoly production is higher than in monopoly, because there is more than one supplier of the same product. And production in an oligopoly is lower than in a perfectly competitive scenario where there are many suppliers and none have the ability to affect market price.

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Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income

soldi70 [24.7K]

Answer:

B. Cost of goods sold will be too low by $5,000.

Explanation:

Overstatement in closing inventory has two effects. First in income statement, that the cost of goods sold is decreased by the same amount that is overstated. Second is overstatement of Inventory value in the asset section of balance sheet. According to the given scenario The effect of this event should be as cost of goods sold will be too low by $5,000.

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If a reform of the tax laws encourages greater saving, the result would be

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Answer:

The correct answer is

d. lower interest rates and greater investment.

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ROK Corporation has provided you with the following information for 2010: (hint - set up T accounts for all accounts and post th

Sunny_sXe [5.5K]

The factory overhead applied to the product is $5,400

Let understand that Factory Overhead means the total cost that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.

It is given that:

- Factory Labor Incurred equals $8,000 (including $6,000 direct and $2,000 indirect

- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars

Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied

Factory overhead applied = $6,000 * 90%

Factory overhead applied = $5,400

In conclusion, the factory overhead applied to the product is $5,400

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3 years ago

To be successful, what must an entrepreneur be willing to invest? Check all that apply. money unemployment personal safety time

kotegsom [21]

The correct answer is 1, 4, 5.

1. Money.

4. Time.

5. Considerable effort.

Successful entrepreneur is termed as the right attitude towards business and grit to achieve success and also self determination.

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The most important trait for an entrepreneur to be successful is self discipline.

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3 years ago

Read 2 more answers

Based upon Booked Orders and Sales Predictions, the expected finished goods requirements is 550 units over the planning period.

BARSIC [14]

Answer: 0 units

Explanation:

Future Planned Production Orders = Expected goods requirement - Finished goods in inventory - Schedule production

= 550 - 450 - 150

= -50 units

Include no units because the finished goods and the scheduled production make up the requirement for the period.

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3 years ago