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Yuliya22 [10]
3 years ago
12

1. What method of mass production increased the supply and reduced the cost of the automobile?

Business
1 answer:
Lera25 [3.4K]3 years ago
8 0

Answer:

the moving assembly line

Explanation:

The assembly line was one of Henry Ford's greatest contributions and achievements. On November 13, 1913, Henry Ford first used a moving assembly line to mass produce a complete car. This "invention" reduced the time necessary to manufacture a car from 12 hours to 2.5 hours, and it lowered the price of cars significantly (model T).

Ford's moving assembly line relied heavily on worker specialization and changed the way factories worked around the world.

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Both the employee and the employer contribute to the F.I.C.A. fund and to the Medicare program. True or False
denpristay [2]
True, the employer and employee will have to contribute to F.I.C.A and the Medicare program. 
7 0
3 years ago
Two identical firms that share a market and produce a homogenous good will find the Bertrand Oligopoly LEAST attractive because
inn [45]

Answer:

The correct answer that fills the gap is: Cartels generate the highest joint profit, they want to avoid a price war that leads to profit erosion and P=MC, a cournot oligopoly will generate more profit than a bertrand oligopoly

Explanation:

In Bertrand's model, consumers will buy the goods of the company that offers the lowest price. From this it can be intuited that the Nash equilibrium will be the one in which both companies set the same price. For this reason it is not attractive, since they are competition and for some of the two it may not be profitable to decrease the sale price of their products.

3 0
3 years ago
Jerome is an elderly man who lives with his nephew, Philip. Jerome is totally dependent on Philip’s support. Philip tells Jerome
nasty-shy [4]

Answer:

Voluntary consent:

In the current case there exists an absence of the voluntary consent with respect to Mr Jerome because of over the top impact and coercion. Mr Jerome relies totally upon Mr Philip because of which the last could impact him. Mr Jerome can show that he didn't genuinely consent to the agreement so he can either hold fast to the agreement or pull back. Mr Philip had a great deal of impact over the old Mr Jerome and consequently could beat his free will. Under the current conditions the agreement was gone into under an excessive amount of impact and is voidable.

6 0
3 years ago
A profit-maximizing entrepreneur rents an apple orchard for a day. He is a price taker in both the market for labor and the mark
yaroslaw [1]

Answer:

c. 5

Explanation:

L       Q     MPL (ΔinQ/ΔinL)    VMPL

4      52  

5      60              8                       80

6      66              6                       60

7      70               4                       40

8 72               2                       20

Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL

A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.

7 0
2 years ago
An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of in
bearhunter [10]

Answer:

The answer is $862.35

Explanation:

Explanation:

This is a semiannual paying coupon, meaning interest are paid twice in year.

N(Number of periods) = 30periods ( 15 years x 2)

I/Y(Yield to maturity) = 6 percent

PV(present value or market price) = ?

PMT( coupon payment) = $50

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 30; I/Y = 6; PMT = 50; FV= $1,000; CPT PV= -862.35

Therefore, the market price of the bond is $862.35.

5 0
3 years ago
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