1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timama [110]
3 years ago
12

Brand equity is the added value a brand name gives to a product beyond the functional benefits provided. This value has two dist

inct advantages: (1) it creates a competitive advantage and (2) __________.
Business
1 answer:
Scrat [10]3 years ago
5 0
Hope this helps!!!!!!!!!!!!!
You might be interested in
Suppose that the marginal utility of good Y = 2X2 and the marginal utility of good X = 4XY. What is the slope of the indifferenc
muminat

Answer:

The slope of indifference curve is 7.

Explanation:

The marginal utility of good Y = 2X^2

The marginal utility of good X = 4XY

Given Y = 7

X = 2

The slope of the indifference curve is otherwise termed as the marginal rate of substitution. So, we can find the slope by dividing the marginal utility of Y by the marginal utility of X.

Slope = MUx / MUy

= 4XY / 2X^2

= 4Y / 2X

Now insert the value of X and Y.

= (4×7) / (2×2)

= 28/4

= 7  

Hence the slope of the indifference curve is 7.

8 0
3 years ago
Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits,
Rashid [163]

Answer:

1. Patents are granted to inventors of a product or process for a certain number of years. The reason for this is to encourage innovation in the economy. Without the existence of patents, it is argued, research and development for improved electronics is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the development costs.

<u>Government Created Monopoly</u>.

Patents protect the intellectual property of a person or entity and prevent others from taking it and using it without rewarding the people who came up with it. The owners of the parents are able to dictate the selling of the resource and as such have a monopoly over it. Patents are granted by the government which makes this a Government created Monopoly.

2. Throughout much of the 20th century, many people viewed South Africa’s De Beers Group as a monopoly because it controlled a large percentage of diamond production and sales.

<u>Ownership of Key Economic Resource</u>.

As early as 1902, De Beers controlled 90% of the world's diamond production and under the leadership of J P Morgan, consolidated control over the diamond industry. They controlled many mines and also bought diamonds from other producers allowing them to control the diamond trade. Even though their control has waned of late, they still control around 35% of the world's diamond production which is a very significant percentage.

3. In the electricity industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary wiring makes it risky and, most likely, unprofitable for competitors to enter the market.

<u>Economies of Scale </u>

To survive in the Electricity industry the company would need to have an extensive network to permit them to benefit from Economies of Scale. This can be very difficult to set up so companies stay away from the industry thereby creating a monopoly for those already in it.

8 0
3 years ago
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of
DaniilM [7]

Answer:

The firm will continue to produce in the short run.

Explanation:

Given the number of units produced by Acme Dynamite = 250 units.

The variable cost of producing the 250 units = $2000

The fixed cost = $500

The selling price = $25 per unit.

The new price after the fall in price = $10

Total revenue from the selling of 250 units = 250 × 10 = $2500

Since the revenue received is covering the variable cost and fixed cost. Thus, the firm will produce or continue to produce in the short run.

7 0
3 years ago
1.People who make the best mystery shoppers have usually prepared themselves by: Reading Passing Certification Courses Researchi
attashe74 [19]
The right answer for the question that is being asked and shown above is that: "Researching mystery shopping on the internet." People who make the best mystery shoppers have usually prepared themselves by Researching mystery shopping on the <span>internet</span>
8 0
3 years ago
What shows the quantities of products demanded at each price by all consumers in a market?
e-lub [12.9K]
A market demand schedule
5 0
3 years ago
Read 2 more answers
Other questions:
  • Examine the supply and demand schedules for cell phones. How much would
    8·1 answer
  • Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Valerie's wage has risen to $30.00 per h
    11·1 answer
  • A soft-drink machine is regulated so that it dischargesan average of 200 milliliters per cup. If theamount of drink is normally
    6·1 answer
  • Duverger’s Law states that a) proportional representation systems result in two-party systems. b) one-party systems are the resu
    8·1 answer
  • Adrian and Fran operate their computer tech support company "Best Techs," as an S corporation, file the appropriate incorporatio
    5·1 answer
  • Which of the following is not one of the six key decisions in project management?
    5·1 answer
  • Which statement is true about theory and qualitative studies?
    11·1 answer
  • The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro
    5·1 answer
  • Why did Henry Gantt suggest that frontline supervisors should receive a bonus for each of their workers who completed their assi
    5·1 answer
  • Producer c has written 25 policies over the last 12 months, 4 of which have been issued to his employees in a side business, acc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!