All categories

3 years ago

Please HURRY !!!

Business

1 answer:

mafiozo [28]3 years ago

5 0

Answer:

See below

Explanation:

1. Cell phone services are an example of oligopoly.

Under oligopoly, a few firms dominate the industry. The cell phone industry is big in volume and value in the US. Despite its size, the cell phone service industry has few providers. Only a handful of names are well-known including, T-mobile, Verizon, AT&T, and Sprint. The firms complete in a collaborative way. New entrants require massive capital investments.

2. Capitalism- allows buyers and sellers to make decisions

Capitalism is an economic system where the governments' role in trade is limited. In Capitalism, people and businesses make most of the economic decisions. Private individuals and companies own the factors of production. Profits motive is a key factor in entrepreneurship. Capitalists focus on wealth creation.

3. Monopolistic Competition

A monopolistic competition market structure combines features of a competitive and monopolistic market. The elements of monopolistic competition include.

Freedom of entry and exit
Many buyer and sellers
Firm offer differentiated products

Unlike in perfect competition, monopolistic competition has different goods and services.

4. Economics

Economics is the analysis of how society allocates its scarce resources to produce valuable goods and services. Economics also studies the distribution of these products to members of the community. Economics recognizes the scarcity of resources. It advocates for the efficient use of scarce resources to meet the demands of different people.

5. Michigan Cherry Production Increase 47%

Like other agricultural products, cherry prices are influenced by the quantity supplied. Prices remain stable when supply and demand are relatively constant.

Should Cherry production in Michigan go up by 47 percent, there will be an oversupply in the market. Few buyers will be competing for very many goods, which will result in a price decline.

6. Free Enterprise market

A Free enterprise market is an economic model where buyers and sellers have the freedom to spend money as they wish. In this model, the government minimally restricts trade. In the US, the government is mainly a regulator. In free-market enterprise, there is competition amongst producers, the Right to own property or the factors of production, and a profit motive. There is freedom in the choice of business, products, and services. These elements are prevalent in the US economy.

You might be interested in

The following totals for the month of June were taken from the payroll records of Seminole Company: Salaries, $100,000 FICA taxe

tekilochka [14]

Answer:

Given that,

Salaries = $100,000

FICA taxes withheld = $7,650

Income taxes withheld = $18,000

Federal unemployment taxes = $450

State unemployment taxes = $2,100

Therefore,

Payroll Tax Expense:

= FICA taxes withheld + Federal unemployment taxes + State unemployment taxes

= $7,650 + $450 + $2,100

= $10,200

The journal entry is as follows:

Payroll Tax Expense A/c Dr. $10,200

To FICA taxes withheld $7,650

To Federal unemployment taxes $450

To State unemployment taxes $2,100

(To record accrual of employer’s payroll taxes)

6 0

3 years ago

Amy convenes a meeting to rethink the organizational structure to avoid being beat to the market by a competitor again. Based on

Natalija [7]

Amy should reduce hierarchy if she wants to avoid being beaten by competitors.

A reduction of hierarchy will realign the company to achieve its goals faster than operating with a formalized hierarchy. This restructuring or delayering is known as empowerment.

The advantages that Amy will achieve by delayering or reducing hierarchy include:

Simplifying the organization's management structures
Reducing its bureaucracy
Cutting its communication paths
Speeding up decision-making
Pushing responsibility down to lower organizational levels (through empowerment).

Thus, Amy should rethink the organizational structure by reducing the hierarchy, making the decision-making process accessible.

Learn more: brainly.com/question/10849707

6 0

3 years ago

Which of the following is an example of the law of diminishing marginal returns? A. Holding capital constant, when the amount

Irina-Kira [14]

Answer:

The correct answer is option A.

Explanation:

The law of diminishing returns states that as we go on employing more and more unit of input while keeping other inputs constant, the return from each additional unit of input will go on declining.

This means that the output produced from each additional unit of input will go on declining.

Here, as capital is kept constant and labor is increased by a unit, the output at first increases by 5 units from 20 to 25. But later when input is again increased by a unit, the output increase by only 3 units from 25 to 28.

This shows the law of diminishing marginal returns where the marginal returns from a unit of labor is declining.

3 0

3 years ago

You own 400 shares of Stock A at a price of $50 per share, 290 shares of Stock B at $75 per share, and 700 shares of Stock C at

andreev551 [17]

Answer:

0.67

Explanation:

Beta measures the systemic risk of a portfolio

The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio

weighed beta of a stock = percentage of the stock in the portfolio x beta of the stock

total number of stocks in the portfolio 400 + 290 + 700 = 1390

(400 / 1390 x 0.6) + (290 / 1390 x 1.2) + (700 / 1390 x 0.5) =

0.17 + 0.25 + 0.25 = 0.67

7 0

3 years ago

Moving from one point to another on a production possibilities frontier implies A. increasing the production of both goods. B. d

AleksAgata [21]

Answer:

Explanation:

The production possibilities curve illustrate the tradeoff facing an economy producing two goods. The production possibilities frontier shows all the possible combinations of the two products using all the available resources.

If all the available resources are being used, increasing the production of one of the goods means decreasing the production of the other good.

All points in or inside the frontier are attainable.

8 0

3 years ago