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PilotLPTM [1.2K]
3 years ago
6

A tax on a good a. lowers the price that buyers pay and lowers the price that sellers receive. b. lowers the price that buyers p

ay and raises the price that sellers receive. c. raises the price that buyers pay and raises the price that sellers receive. d. raises the price that buyers pay and lowers the price that sellers receive.
Business
1 answer:
alekssr [168]3 years ago
4 0

Answer:c

Explanation:

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Two manufacturers, denoted 1 and 2, are competing for 100 identical customers. Each manufacturer chooses both the price and qual
nataly862011 [7]

Answer:

Nash equilibrium will occur at the following conditions P1 = P2 = 10 and x1 = x2 = 0.

Explanation:

The term or concept known as the Nash equilibria is very important and it is often used in the determination of the kind of price strategies companies that are competing against one another will use in order to acquire more customers than the others.

So, in this question/problem we are given that there are two manufacturer that is manufacturer 1 and manufacturer 2. Also, the total number of customers both manufacturers are competing for is equal to 100.

Kindly note that we are given from the question that ''Each manufacturer chooses both the price and quality of its product, where each variable can take any non-negative real number''

If each of the manufacturer has 50 customers each that is symmetric condition.

Assuming we have a condition or situation where p1 is less than p2 for manufacturer 1, it means that manufacture 1 lessens its price, therefore manufacturer 1 will have all all the profit = 100(p1 - 10 - 5x1).

Assuming manufacturer 1 reduces both the quality and the price this time around to the point that it is justifiable to lower the price because of the quality , it means that we will have 1000 + (x1 = 0) + (p1 - compensation m).

For any of the manufacturer, If  m> x'  and we  have that  x1 = x'>0[ which is for the quality], then, the profit will be 100(10 + 5x'- m -10).

Also, For any of the manufacturer, if we have  x'<m<5x' and x1 for the representation of quality, then, Customers will buy from both manufacturer making  m<5x'.

Therefore, Nash equilibrium will occur at the following conditions: P1 = P2 = 10 and x1 = x2 = 0.

4 0
3 years ago
Airline Accessories has the following current assets: cash, $99 million; receivables, $91 million; inventory, $179 million; and
VikaD [51]

Answer:

3.10; 1.53

Explanation:

Total  Current Assets:

= Cash + Receivables + Inventory + Other Current Assets

= $99 + $91 + $179 + $15

= $384 million

Total Current Liabilities:

= Accounts Payable + current portion of long-term debt

= $92 + $32

= $124 million

Current Ratio:

= Total Current Assets ÷ Total Current Liabilities

= $ 384 ÷ $ 124

= 3.10

Acid Test Ratio:

= (Cash + Accounts Receivables ) ÷ Current Liabilities

= $(99 + 91) ÷ $124

= 1.53

7 0
3 years ago
St. Jude Medical makes cardiovascular medical devices, including the world's most widely used mechanical heart valve. Its produc
DIA [1.3K]

Answer:

Advantage in competition. ( competitive advantage)

Explanation: Whenever a hospital is more equipped or fully equipped with tools, machines, and any other factor that favors the saving of lives, that hospital will mostly have the upper hand in competition against it's rivals. It is safe to say a heart patient who is facing a life threatening situation would rather be taken to such a hospital for quick response to save their lives. A hospital less equipped with these kind of machines , especially those needed in critical moments like defibrillating someone who is experiencing cardiac arrest, will less likely be a first choice to treating patients of these nature. In critical moments like these a hospital better equipped will always be the first choice, disregarding other factors like cost. Now distance could be critical, but again, almost always if the distance is not too long then the better equipped gets the patients.

8 0
3 years ago
Read 2 more answers
An individual is on the game show Squeal or No Squeal, and she has a choice between receiving a certain gain of $100,000.00 and
jeka57 [31]

Answer:

she is acting like a person who is a risk lover

Explanation:

we get missing option they are as

A) irrationally B) like a person who is risk neutral C) like a person who is a risk lover D) like a person who is risk averse

so here correct answer is (c) like a person who is a risk lover because

here when she gain gain of $100,000.00 and than with 50.00% chance of winning amount  $200,000.00 or it will be zero

As a risk lover means a risk taker. Risks may be uncertain or positive or negative in the future.  

A risk taker or risk lover is a person's ability to take a risk on investment or gambling to earn a high return. The result can be positive or negative.

Whatever the risk lover takes, he or she accepts the risk.

5 0
3 years ago
You run a game day shuttle service for parking services for the local ball club. Your costs for different customer loads are 1:
Aleonysh [2.5K]

Answer:

Customer        Cost       Marginal cost       Total Revenue        Profit

      1                 $30              0                            10                     -20

      2                $32               2                            20                    -12

      3                $35               3                             30                    -5

      4                $38               3                             40                     2

      5                $42               4                             50                     8

      6                $48               6                             60                     12

      7                 $57               9                             70                     13

      8                 $68              11                              80                    12

Therefore, profit from the 7th customer load is the highest. So, he want 7th customer load.

6 0
3 years ago
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