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
Elenna [48]
2 years ago
15

Harvey Rabbitt pays for monthly cable TV service. Last​ week, the cable company informed Harvey that his monthly cable price wou

ld go down because the city council has granted approval for three new cable companies to service his area. How is the market for cable TV services affected by​ this?
Business
1 answer:
hichkok12 [17]2 years ago
8 0

Answer:

The company pass from monopoly to a competitive market.

The new companies increase the supply and therefore, the equilibrium price decreases.

Explanation:

The approval of new cable companies generates an increase in the supply. As the suply shift to the right the quantity (people wiht a monthly cable service) will increase and the price (monthly fee) decrease.

Harvey's Company is already starting to decrease his price to do an effort to retain his customer. This company is no longer a monopoly so it will decrease price to be more competitive.

You might be interested in
Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been cl
denis23 [38]

Answer:

*** Cash $37,500

Explanation:

Optimum weight loss classified balance sheet .

Assets

Current assets

Cash $37,500

Account receivables $116,750

Prepaid insurance $7,200

Prepaid rent $21,000

Supplies $4,800

Total current assets $187,250

Non current assets

Equipment $474,150

Less

Accumulated depreciation $186,400

NBV $287,750

Land $300,000

Total non current assets

$587,750

Total assets

$775,000

Liabilities

Accounts payable $37,700

Salaries payable $9,000

Unearned fees $18,000

Total liabilities

$64,700

Equity

Common $75,000

Retained earnings $635,300

Total equity

$710,000

Total liabilities + equity

$710,300 + $64,700 = $775,000

6 0
2 years ago
The new whig party consisted mainly of those who disliked
Schach [20]
The new whig party consisted mainly of those who disliked Andrew Jackson
8 0
3 years ago
Discuss social responsibility and ethics?<br><br>​
LuckyWell [14K]

Answer:

Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.

Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.

8 0
3 years ago
Marble Construction estimates that its WACC is 10% if equity comes from retained earnings. However, if the company issues new st
IceJOKER [234]

Answer:

Project Size IRR

A $650,000 14.0%

B 1,050,000 13.5

C 1,000,000 11.2

D 1,200,000 11.0

Explanation:

Based on the information given the set of projects that should be accepted should be the project that has higher Internal rate of return (IRR) than the Weighted average cost of capital (WACC) percentage of 10.8% . Hence, the set of projects that should be accepted are: Project A,B,C,D

Project Size IRR

A $650,000 14.0%

B 1,050,000 13.5

C 1,000,000 11.2

D 1,200,000 11.0

Total $3,900,000

Based on the above we can see that Project A,B,C,D has a total of $3,900,000 which is higher than the retained earnings amount of $2,500,000.

Therefore the set of projects that should be accepted should be Project A,B,C,D

6 0
2 years ago
The Argentine government has recently been imposing heavy trade restrictions. Taxes on exports are a major source of revenue for
kati45 [8]

Answer:

The correct option is "B"

Explanation:

The burden substantial exchange limitation by The Argentine government cause to upset exchange and influences imports Due to prohibitive arrangement exchange it builds the expense of bringing in products and causing to diminish in supply in Argentinean advertise Before the exchange limitations, the market was working effectively, and was overwhelmed with imported merchandise because of the exchange limitations, import merchandise decays because of increment in cost.

3 0
2 years ago
Read 2 more answers
Other questions:
  • If a department that uses process costing starts the reporting period with 100,000 physical units that were 20% complete with re
    7·1 answer
  • Which of the following is a business plan most similar to?
    8·1 answer
  • A _______ is a cluster of complementary products and services that are closey related in the minds of consumers but are spread a
    14·1 answer
  • Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
    8·1 answer
  • Mention two factors that influence the supply of the product
    13·1 answer
  • Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was
    9·1 answer
  • Leon, the production manager at a furniture manufacturing company, decides to underperform at work by not meeting his monthly ta
    15·1 answer
  • To increase sales of its low-fat pizzas in its established market, Dietizza is offering discounts on all its pizzas. According t
    12·1 answer
  • If you sold 5 menu items one week, then 10 the next, then 12 the next, then 15 the next, what terms best describe this pattern?
    12·1 answer
  • Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!