Answer:
whether they could trust each other to raise the price of a roll of titanium wire and decrease advertising to raise economic profit
Explanation:
A duopoly occurs when only two sellers in a market control the supply and price of a product.
World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wire.
They are both advertising aggressively, but if they agree to collaborate there will be reduced need for advertising.
Them they can both raise the price of titanium wire in order to make more economic profit.
Answer:
The correct answer is, $121.2
Explanation:
You went for grocery and paid the bill through check.
Amount of grocery purchased: $45.20
You check bounced and you owe bank $25 because you didn't have much balance in your account that you paid for the groceries.
Your bank did an additional transaction of debiting your account with $25 for the bouncing of your check.
Grocery store sent you the letter to tell that you owe them $25 for the bounced check
You will have to pay again $45.20
Money order fee: $1
So the amount that you actually spent on groceries would be:
$45.2(real grocery amount) + $25(you owe to bank for bouncing your friend's check) + $25( Your check bounced) + $25(grocery store charged due to bounced check) + $1(money order)
= $121.2
So you are actually charged $ 121.2 for the groceries.
Answer:
a. 2.01 times
Explanation:
Asset Turnover Ratio = Net Sales / Average Total Assets
Asset Turnover Ratio = $510,000 / $253,500
Asset Turnover Ratio = 2.01 times
Asset Turnover Ratio > 1
Net Sales > Average Assets
