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netineya [11]
3 years ago
9

Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e

arn $50 million each. If they both advertise, they again split the market, but profits are lower by $10 million since each company must bear the cost of advertising. Yet if one company advertises while the other does not, the one that advertises attracts customers from the other. In this case, the company that advertises earns $60 million while the company that does not advertise earns only $30 million. Refer to Scenario 17-4. What will these two companies do if they behave as individual profit maximizers
Business
1 answer:
Tanya [424]3 years ago
7 0

Answer:

Explanation:

If these two companies were to behave as individual profit maximizers, both company will  advertise regardless of whether the other company advertises or not because their goal primary goal is to increase the profit and domination of the market.

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A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 54,000
kolbaska11 [484]

Answer:

Equivalent Units = 61,200

Explanation:

The transferred units, means they complete their process, so move out and count as 100%

The ending WIP will be compute for their completion percent.

54,000 Transferred out

12,000 x 60% 7,200 equivalent

Equivalent Units = 61,200

3 0
3 years ago
Why was the privatization of public property considered to be a vital task after Texas entered into the Union in 1845
Lesechka [4]

The privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

<h2>What is privatization?</h2>

Privatization refers to process where a government business, operation,  property becomes a privately-owned property, business etc

In conclusion, the privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

Read more about Privatization

<em>brainly.com/question/1086126</em>

8 0
1 year ago
When individual investors become aware of overseas investment opportunities and are willing to diversify their portfolios intern
kvv77 [185]

Answer:

b. They benefit from an expanded opportunity set.

Explanation:

Recently, financial market have become highly integrated, which help investor  to diversify their portfolios internationally.

International portfolio help the investor to focus on foreign market´s securities to invest, it add exposure of portfolio to the growing and developed market. As firm is going global to expand opportunity set, so that it can earn more benefit out of diversified market, similarly, investor are going global by diversifying their investment opportunity.

7 0
3 years ago
Read 2 more answers
QUESTION 3/14
Ilya [14]

Answer:

Wednesday

Explanation:

Jack has 3 days avaialable

Monday Coletter can't

Wednesdat Colette can and you can because you can meet any day

Friday Colette also can.

and you too as well. But it is not an option

So, unless there is something missing the only viable option would be wednesday

5 0
3 years ago
Would you consider Unions successful? Why or why not?
tatyana61 [14]

Answer:

yes because have been enormously successful at getting their members excellent wages, benefits and working conditions.

hope this helps

have a good day :)

Explanation:

8 0
2 years ago
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