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ozzi
3 years ago
6

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufacture

s their socks.
(a)-Yes, meets all assumptions
(b)-No, no free entry
(c)-No, not many sellers
(d)-No, not an identical product
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
6 0

The correct answer is A) Yes, meets all assumptions.

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufactures their socks: Yes, meets all assumptions.

What we are trying to do here is to define if the affirmation is about a competitive market. And the answer is yes, it meets all assumptions. The socks market is a competitive market because it has a large number of buyers and sellers that is not as big if compared to the size of the total market. The socks matter is offering barely the same product to customers. There is no differentiation at all. And in this case, companies can enter or leave the market whenever they want.

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The treasury yield curve plots the yields on treasury notes and bonds relative to the ____ of those securities.
Ulleksa [173]

Answer: Maturity

Explanation:

The treasury yield curve plots the yields on treasury notes and bonds relative to the *maturity " of the securities.

The US treasury yield curve compares the yield of short term treasury bills with that of long term treasury bill notes and bonds. In the US the treasury department issues treasury bills for terms less than one year, for terms of two, three, five and ten years. It also issue bond for 20 to 30 years.

8 0
3 years ago
Read 2 more answers
If a 30% price increase for Product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for
Aleks04 [339]

Answer:

The correct answer is: Zero, Option c.

Explanation:

The price elasticity of demand shows the change in the quantity demanded of a commodity due to a change in the price of the commodity.  

The cross-price elasticity is the change in the quantity demanded of a product because of a change in the price of related good.  

The cross-price elasticity is calculated by finding the ratio of proportionate change in quantity demanded and proportionate change in price.  

Cross-price elasticity in this situation will be

= \frac{\% \Delta Qy}{\% \Delta Px}

= \frac{0}{30}

= 0

The cross-price elasticity is zero. This implies that the two goods have no relation.

5 0
4 years ago
Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op
Mars2501 [29]

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

4 0
3 years ago
Taste-T Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods
Lisa [10]

Answer:

Intangibles = $1150,000 and Down Home Foods will record Goodwill equal to $575,000

Explanation:

A)  Value on Intangible assets (Goodwill+Patent) = Total Assets - Tangible Assets

=$7,500,000 - $6,350,000 = $1150,000

Intangibles = $1150,000

B)  Down Home Foods will record Goodwill in its books.

Value of Goodwill = Purchase Consideration - (Total Tangible Assets + Market Value of Patents)

= $7,500,000 - ($6,350,000+$575,000) = $575000

Down Home Foods will record Goodwill equal to $575,000

7 0
3 years ago
In the context of the Situational Leadership model which of the following was defined as the extent to which a leader spells out
loris [4]

The extent to which a leader explains their roles and obligations to a person or group is known as task behavior. Giving instructions on what to do, how to do it, when to do it, and where to do it is a part of this conduct.

<h3>The definition of situational leadership is which of the following?</h3>

Situational leadership is the practice of adapting your management style to the needs of the team or specific team members in each unique situation or assignment. Paul Hersey and Ken Blanchard established the Situational Leadership Theory in 1969.

<h3>Which four contextual factors influence leadership?</h3>

Every leader should be aware of the four key elements of leadership: the led, the leader, the situation, and the communication. When exercising leadership, all four criteria must constantly be taken into account.

To know more about behavior visit:-

brainly.com/question/8871012

#SPJ4

5 0
1 year ago
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