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Leokris [45]
3 years ago
5

Suppose that there is only one provider of a service in a state. Because this provider experiences economies of scale, the gover

nment does not want to break it into smaller pieces, but it does want the provider to supply the efficient quantity. Which of the following policy options might most effectively enable the government to achieve its objectives in this situation?a. Regulate the firm's pricing behavior.
b. Do nothing at all.
c. Turn the company into a public enterprise.
d. Use antitrust laws to increase competition.
Business
1 answer:
Radda [10]3 years ago
3 0

Answer:

The correct answer is A

Explanation:

Monopoly is the market structure in which there is a single seller of the product and service. And the seller enjoys the freedom and does not have any competition in the market.

So, this is the case of a monopoly market structure as there is only single seller in the state. And the government regulate the monopolies so that could protect the interest of customers and adopt the policies such as merger regulations, competition in market and breaking down the monopoly.

Therefore, the government could control the prices by price capping, in which the government set the limit on the prices of the service. And in the case of monopolies have the power set the prices above the equilibrium level. Hence, it is required to regulate the price.

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A company that makes organic fertilizer has supplied the following data: Bags produced and sold 200,000 Sales revenue $ 1,560,00
Readme [11.4K]

Answer:

The company's degree of operating leverage is closest to $840000

Explanation:

Selling price per unit = Sales revenue / No. of bags sold

= $1560000/200000 bags = $7.8 per bag

Variable cost per unit=Total variable expenses/No. of units

= $840000/200000 units = $4.2 per bag

Company’s unit contribution margin = Selling price per unit-Variable cost per unit

= $7.8 per unit-$4.2 per unit = $3.6 per unit

Company's degree of operating leverage = Variables manufacturing expense + Variable selling and administrative expense

=$660000+$180000 = $840000

5 0
3 years ago
Sydney has worked for WillCo for the last 20 years. She just had her 60th birthday and is thinking about retirement. WillCo spon
Wittaler [7]

Answer: c. Sydney can diversify 50% of her WillCo stock.

Explanation:

Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.

Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.

Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.

5 0
2 years ago
The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown retu
Ivenika [448]

Answer:

D. decreasing returns to scale.

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
2 years ago
A paper company is opening a new facility in Canada to increase its paper production. The company researched Canadian pulp suppl
Alik [6]

Answer: Proposal Solicitation Step

Explanation: There are Eight (8) stages in organizational buying process, and they inculde:

1. Problem recognition

2. Need description

3. Product Specification

4. Supplier search

5. Proposal Solicitation

6. Supplier selection

7. Order

8. Performance review.

The Proposal solicitation step is were selected potential suppliers will be asked to submit a proposal which will include catalogs and other documents that will give them a better advantage than others for review by the selecting company.

4 0
3 years ago
On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers
NeX [460]

Answer:

a) $22,010

b) $3,780

c) $25,790

Explanation:

a) In calculating the value of inventory still left, the total value needs to be calculated first,

= (80 freezers * $540) + $820 ( transport fees)

= 43,200 + 820

= $44,020

40 out of 80 freezers have not been sold so,

= 40/80 * 44,020

= $22,010

b) In calculating the profit, subtract the expenses from the sales

Sales = 40 * 700

= $28,000

= 28,000 - Cost of refrigerators - commission of 6% of sales - advertising - installation

= 28,000 - 22,010 - (28,000*0.06) - 180 - 350

= $3,780

c) The amount remitted by the consignor will be,

= Sales - commission - advertising - installation

= 28,000 - (28,000 * 0.06) - 180 - 350

= $25,790

7 0
2 years ago
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