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laiz [17]
3 years ago
12

A cartel differs from a monopoly in that

Business
1 answer:
Lapatulllka [165]3 years ago
6 0
A cartel differs from a monopoly in that B) businesses making the same product agree to limit production. A cartel is an agreement between producers of goods, usually primary products like oil or natural gas, who work together to set a price at an agreed upon price that is a distortion above of what the market's equilibrium price would be for the good without the cartel's intervention. 
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Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the conc
valentina_108 [34]

Answer:

$70

Explanation:

The opportunity cost is the value in which the advantage is produced from the options available. The best gain is term as the opportunity cost

In the question, it is given that the offered price is $70 and the yesterday price is $30 which was paid which terms as a sunk cost. This cost is not useful for decision making as well as for computing the opportunity cost also

So, only $70 would be considered

3 0
3 years ago
The national institute for standards and technology is within which federal agency?
maksim [4K]
Most likely the National Institute for Standards and Technology falls under the U.S. Department of Commerce 
8 0
3 years ago
Rex's doughnuts can produce only 100 doughnuts a day. the variable cost incurred per unit is $2 and fixed costs incurred per day
vladimir1956 [14]
The total cost that is incurred by producing 100 doughnuts is equal to the sum of the variable cost and the fixed cost. The total variable cost is,
    total variable cost = ($2/doughnut)(100 doughnuts) = $200

The total cost is,
   Total cost = total variable cost + total fixed cost
     TC = $200 + $500 = $700

Equating the cost and the revenue,
     TC = TR
     $700 = (100)(x)

The value of x from the equation is $7.

ANSWER: $7. 
3 0
3 years ago
A firm has just ended the calendar year making a sale in the amount of​ $200,000 of merchandise purchased during the year at a t
MrRissso [65]
B I THINK IT IS I'M NOT SURE
8 0
3 years ago
ou want to buy a new sports coupe for $81,500, and the finance office at the dealership has quoted you an APR of 6.3 percent for
Natasha_Volkova [10]

Answer:

a. The monthly payment will be <u>$1,664.91</u>.

b. The effective annual rate on this loan is 6.49%.

Explanation:

a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

This is calculated by using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or price of  new sports coupe = $81,500

P = Monthly payment = ?

r = Monthly interest rate = Annual percentage rate (APR) = 6.3% / 12 = 0.063 / 12 = 0.00525

n = number of months = 60

Substitute the values into equation (1) and solve for P as follows:

85,500 = P * ((1 - (1 / (1 + 0.00525))^60) / 0.00525)

85,500 = P * 51.3541976210894

P = 85,500 / 51.3541976210894

P = $1,664.91

Therefore, the monthly payment will be <u>$1,664.91</u>.

b. What is the effective annual rate on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual rate (EAR) refers to the interest rate that is received by an investor in a year after adjusting for compounding.

Since the APR in the question is paid monthly, it implies that it is compounded monthly and the EAR can be computed using the following formula:

EAR = ((1 + (APR / n))^n) - 1 .............................(1)

Where;

APR = 6.3% = 0.063

n = Number of compounding periods or months in a year = 12 months

Substituting the values into equation (1), we have:

EAR = ((1 + (0.063 / 12))^12) - 1

EAR = 1.06485133891298 - 1

EAR = 0.06485133891298

EAR = 6.485133891298%

EAR = 6.49% rounded to 2 decimal places

Therefore, the effective annual rate on this loan is 6.49%.

8 0
2 years ago
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