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3 years ago

name two different market structures describe how and why they each have a different competitive situation

2 answers:

8 0

Perfect Competition- many firms, freedom of entry, homogeneous product, normal profit
Monopoly- One firm dominates the market, barriers to entry, possibly supernormal profit.

Mkey [24]3 years ago

3 0

Economists suppose that there are various buyers and sellers in the marketplace which means that competition is everywhere in the market which in turn allowed price to change in reaction to changes in supply and demand. In Economics, there are some market structures that describes how each structure compete in a different competitive situation. Monopoly is one. Monopoly is one of the market structures whereby there is one producer or seller which means, the industry is the single business. This market structure prohibits others from joining the market when a company has a patent or copyright. Oligopoly is another market structure where there are chosen few firms that make up an industry. Both market structures have high barrier entries where competing markets for share are interdependent as the consequence of market forces.

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1. Suppose the amount of premium leather decreases from 180 to 150 a. Does the shadow price change? Why or why not? b. If possib

kkurt [141]

Answer:

Explanation: A. Shadow price has not changed because Shadow price show value of a commodity without considering final cost.

B. Change in value 180 - 150/180 X 100 = 16.7

C. The optimal solution didn't change because the product price went from it highest profit 180 to it's least cost 150

5 0

3 years ago

Read 2 more answers

Suppose that you want to develop a product that can easily be configured in a wide variety of ways. What design approach would b

NNADVOKAT [17]

Answer:

Modular product design

Explanation:

Modular product design is a term used to describes a method or strategy of developing a product, by breaking the product's development into separate parts often referred to as modules, specifically according to their functions and operations such that these modules can be developed separately.

Hence, in this case, to develop a product that can easily be configured in a wide variety of ways. The design approach would be best be Modular product design

4 0

3 years ago

Introduction: In the greater Seattle-Tacoma area, an arms race continues between hospitals to gather the most modern technology

Dmitry [639]

Answer:

The da Vinci Surgical Equipment

1. 1. The annual rate of interest being charged to the hospital for this da Vinci surgical equipment is computed as 18.055%.

The computed total interest that the hospital will pay over the 36 months' period = $574,715.60.

2. This rate of interest is too high. The hospital could borrow the sum of $1,900,000 from other sources without paying as high an interest rate. Therefore, it is not a good deal for the lessee hospital.

3. The hospital should care if the lease were either an operating or capital lease. An operating lease means that the hospital can only use the equipment for a determined number of years, which is usually less than the useful life of the equipment. But if it were a capital lease, the hospital is sure that the equipment becomes its own property.

Explanation:

a) Data and Calculations:

Cost of equipment = $1,900,000

Monthly lease payment = $68,742.10

Lease period = 36 months

Using an online financial calculator:

Interest Rate = 18.055%

Total of 36 Monthly Payments = $2,474,715.60

Total Interest Paid = $574,715.60

3 0

3 years ago

Assume that Jose is indifferent between investing in a corporate bond that pays 10 percent interest and a stock with no growth p

ddd [48]

Answer:

e. None of these.

Explanation:

Step 1. Given information.

Taxable Dividend Yield = 9.7%

Tax rate on Dividend yield=15%

Interest rate=10%

Let Tax rate on Interest=X

Step 2. Formulas needed to solve the exercise.

Interest rate * (1 - x) = taxable dividend yield ( 1 - tax rate on dividend yield)

Step 3. Calculation.

0.10*(1-x)=0.097*(1-0.15)

0.10-0.10x=0.08245

0.10x=0.01755

x=0.01755/0.10

=0.1755

=17.55%

Step 4. Solution.

e. None of these.

7 0

3 years ago

Smith Company reported $350,000 in book income before income tax during 20X1, its first year of operation. The tax depreciation

Sloan [31]

Answer:

$73,500

Explanation:

Income tax payable = Book income before income tax*Tax rate

Income tax payable = $350,000*21%

Income tax payable = $73,500

Therefore, the amount of income tax payable that Smith should report in its December 31, 20X1, balance sheet is $73,500

7 0

3 years ago