The profit-maximizing price and combined quantity of output is indicated in the demand curve by using a black point (plus symbol).
<h3>What is a cartel?</h3>
A cartel can be defined as a formal agreement between two or more business firms (producers) of a particular product or service, that's formed to control production, sales and pricing in an oligopolistic industry.
At equilibrium in a cartel, marginal revenue is equal to marginal cost (MR = MC). Thus, the profit-maximizing price and combined quantity of output should be calculated from the demand curve as illustrated in the image attached below.
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<u>Complete Question:</u>
Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The daily marginal cost (MC) of producing a can of beer is constant and equals $0.40 per can. Assume that neither firm had any startup costs, so marginal cost equals average total cost (ATC) for each firm.
Suppose that Mays and McCovey form a cartel, and the firms divide the output evenly. (Note: This is only for convenience; nothing in this model requires that the two companies must equally share the output.)
Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and combined quantity of output if Mays and McCovey choose to work together.
Answer:
A project constrait is like a limitation or risk in a project. For example, a time constrait. It is a limitation of a project because you have a specific time to finish it. Or any other cons in a project.
Explanation:
The appropriate response is arousal. One intriguing thing about motivating force methodologies is that motivators exist freely of any need or level of excitement. Excitement and setting best depict Schachter and Singers' hypothesis of feeling.
Answer:
Employees are dissatisfied with the supervisor, so they are not working as hard.
Explanation:
Employees are not satisfied with the behavior of the new supervisor, so They resolved to not working hard In order to express their grief.
The expression of their dissatisfaction has led to the decrease in the productivity, causing them not to meet the productivity targets three weeks in a row. This action prompt the plant manager to ask the human resource manager, Sam to investigate the situation.
Employees dissatisfaction with the supervisor could be caused by the supervisor not paying attention to the welfare of the employees or not motivating or giving incentives to the employees.
To ensure increase in productivity, managers/supervisors should ensure the good welfare of the workers and motivate them to Improve on their efforts directed to production.
Workers work better in a comfortable and convenient working environment.
