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Goshia [24]
3 years ago
9

_____ means the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

Business
1 answer:
iragen [17]3 years ago
5 0

Product Liability Law is the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.  

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Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing o
alexdok [17]

Answer:

increasing returns to scale

Explanation:

The biggest barrier for other firms are increasing returns to scale. This is because Eric and Chris have their company already established and also have their clientele all hooked up and using their service. This allows them to produce a much higher electrical output for their clients with a certain Income. Newer companies will need a much higher income just to be able to produce a similar electrical output in order to try and compete with Eric and Chris.

5 0
3 years ago
Select the correct answer. Which actions should a company take if its product/brand falls under the BCG Matrix category of “dog”
andriy [413]

Answer:

A

Explanation:

While dealing with a DOG situation, it is  best to disinvest  in the product and focus on other products with greater market potential

7 0
3 years ago
Direct labor and overhead costs incurred to change raw materials into finished products are known as
san4es73 [151]

Answer:

conversion costs

Explanation:

5 0
2 years ago
What happens to the price of these needed goods if production declines and there are fewer goods to go around?
Lostsunrise [7]

Answer:

the price increases

Explanation:

its inflation due to the decrease in production of the the product but not the need for it the price will rise.

5 0
3 years ago
Darwin Inc. sells a particular textbook for $20. Variable expenses are $14 per book. At the current volume of 50,000 books sold
Ksenya-84 [330]

Answer:

Fixed costs= $300,000

Explanation:

Giving the following information:

Selling price per unit= $20

Variable expenses= $14

Break-even point in units= 50,000

<u>To calculate the fixed costs, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

50,000= fixed costs / (20 - 14)

50,000*6= fixed costs

Fixed costs= $300,000

7 0
3 years ago
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