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2 years ago

Economics: A group of competitors who work in unison to control the supply and price of their product is called a

Business

1 answer:

7nadin3 [17]2 years ago

6 0

Answer:

cartel

Explanation:

A "cartel" is a group of competitors or market participants who are independent from each other. They work in unison by cooperating secretly in an unlawful way so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It increased following World War I, but started declining after World War II.

So, this explains the answer.

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The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi

ICE Princess25 [194]

Explanation:

First, remember that the difference between normative and positive economic analysis is that;

Normative analysis take a somewhat neutral view by stating how the world should be. While

The Positive analysis states the facts. That is, it describes the world as it is.

Thus, a Normative analysis of the consequence of minimum wage would be the following statements:

c. In some cities such as San Francisco and New York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.

d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.

And a Positive analysis of the consequence of minimum wage would be the following statements:

a. The minimum wage law causes unemployment.

b. A minimum wage law benefits some groups and hurts others.

4 0

2 years ago

Delta Company sells bells to customers for $1 each. The variable cost to manufacture the bells is 10 cents. If the rattle depart

ale4655 [162]

Answer:

Option C. $0.11

Option D. $0.95

Explanation:

As we know that the Transfer Price is set at either selling price for an outside market or variable cost plus opportunity cost if the product sold is to internal market present within the organization (Inter group or inter division sales).

However, the division can still charge upper limit price to the division which is $1 market price of the product.

Upper limit = $1

As it is given that the selling of the additional units will be among divisions which means its inter division market. Hence the lower limit will be used here.

Lower Limit = Variable cost + opportunity cost

Here

Variable cost is $10 cents

And

Opportunity cost will be zero here as the division will be using its excess capacity to sell to the other division, so there is no opportunity cost.

So, by putting values, we have:

Lower Limit = $0.1 - $0 = $0.1

Upper limit = $1

Thus the transfer price set for each bell can be between $1 and $0.1. So the $0.11 and $0.95 falls between these range and both are correct options here.

4 0

2 years ago

Technician A says a fleet shop is usually connected with either a business that runs multiple vehicles or with equipment that is

saw5 [17]

Answer:

Technician A says a fleet shop is usually connected with either a business that runs multiple vehicles or with equipment that is maintained and repaired in house.

5 0

2 years ago

Jamie is about to go to work for Potpourri, a store that sells various bed and bath accessories. Though technically a chain, Pot

Leokris [45]

Answer: A. get along well and share many of the same views, including admiration for the company founder.

Explanation:

The options to the question are:

A. get along well and share many of the same views, including admiration for the company founder.

B. enjoy friendly relations, but differ on many things, including work-related matters.

C. have very little connection to one another.

D. tend to share a lot of opinions, including a dislike for each other.

E. are free spirits, each of them his or her own little island.

From the question, we are informed that Jamie is about to go to work for Potpourri, a store that sells various bed and bath accessories.

We are further told that although technically it's a chain, Potpourri currently has just three stores, all within an hour of each other in the Midwestern United States.

The type of organizational culture Jamie is likely to encounter at Potpourri is one in which employees get along well and share many of the same views, including admiration for the company founder. This is because the stores are few and close to each other.

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2 years ago

Sophie, the CFO of Slolum Ski Supplies, received a watch from one of her company's largest vendors, Colorado Ski Shoppe. She rec

Sveta_85 [38]

Answer:

c. Whether the gift was reasonable in the circumstances.

Explanation:AICPA(American institute of certified public accountants) is a body who is saddled with the responsibility of ensuring ethics in the public accounting profession. AICPA is present in most parts of the world, it guides and ensures that its members perform their accounting functions with the most ethical standards,in order to preserve the integrity of the certified public accountants,the AICPA has certain code of professional conduct which helps to streamline the functions its members all over the world.

4 0

2 years ago