Answer:
C. make an economic profit
Explanation:
Demand increase means the shifting of the demand curve to the right. At the same quantity new price will be higher than old price.
Regardless of whether a firm choose to produce more phones (if marginal cost increases more than marginal revenue they may choose not to) they can earn more revenue at the same quantity produced and make an economic profit.
Answer:
D.)
the highest IRR
Explanation:
Here are the options to the question :
A.)
the IRR that is closest to zero
B.)
a negative IRR
C.)
the lowest IRR
D.)
the highest IRR
IRR is a capital budgeting method.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The higher the IRR, the more profitable the project is.
In the absence of certain restrictions, the project with the highest IRR should be chosen
Answer:
Oligopolistic Companies:
a) The owners' goal is to keep players' salaries capped. TRUE
b) Goal is difficult to achieve: TRUE
c) 1994 Baseball players' strike: TRUE
d) Owners needed salary cap to dissolve collusive behavior over salaries: TRUE.
Explanation:
a) According to the Economist, Oligopoly is "a market situation in which each of a few producers affects but does not control the market. Each producer must consider the effect of a price change on the actions of the other producers." There is little competition among the players as each tries to control the market with price cuts and quantity reductions. For example, a cut in price by one may lead to an equal reduction by the others, with the result that each firm will retain approximately the same share of the market as before but at a lowered profit level.
b) According to wikipedia.com, "The 1994–95 Major League Baseball strike was the eighth work stoppage in baseball history, as well as the fourth in-season work stoppage in 22 years. Due to the strike, both the 1994 and 1995 seasons were not played to a complete 162 games; the strike was called after most teams had played at least 113 games in 1994." The strike ended the next April, after 232 days, when the players had successfully resisted the salary cap.
The statement is true. A financial ratio or also known as the accounting ratio is a relative size of two chose numerical esteems taken from a venture's monetary articulations. Regularly utilized as a part of bookkeeping, there are numerous standard proportions used to endeavor to assess the general monetary state of a partnership or other association.
When the actual price in some market is above the equilibrium price, the resulting market condition is known as Excess Supply.
<h3>What is an Excess Supply?</h3>
An excess supply is a condition where there is a surplus of goods in the market. In this condition, the price would have tiled above the equilibrium curve.
Excess supply can also be known as surplus. When the actual price of a good is above the equilibrium price, there tends to be a condition called excess supply.
Learn more about Excess Supply here:
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