1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexandra [31]
3 years ago
6

A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities compa

ny can set the price of electricity.
True / False.
Business
1 answer:
marissa [1.9K]3 years ago
7 0

Answer: True

Explanation: Because the company is the sole supplier of electricity in this market, they have all the market power. Market power is the ability the company has to manipulate the market by influencing prices, the level of supply it provides and thus the demand within that market. Companies within markets such as these are known as "price makers", because they are able to change prices of their goods without losing market share.

Because the public utilities company is the sole provider of electricity within this market, they have no pressure or competition from other suppliers within the market. Therefore they have the market power to freely charge higher prices by limiting the supply of electricity. Or charge lower prices by over supplying electricity to consumers.

You might be interested in
Net income reported on the income statement for the current year was $350,000. Depreciation recorded on plant assets was $26,000
Sonbull [250]

Answer:

$357,500

Explanation:

Cash flow from operating activities on the statement of cash flows:

= Net income + Depreciation Expense - Increase in accounts receivable - Increase in inventory + Decrease in prepaid expense - Decrease in accounts payable

= $350,000 + $26,000 - $3,000 - $5,000 + $2,500 - $13,000

= $357,500

Therefore, the net cash flow from operating activities is $357,500.

6 0
3 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
4 0
3 years ago
Note how these emerging technologies are impacting organizations and what organizations can to do to reduce the burden of digita
Rashid [163]

The correct answer to this open question is the following.

You did not attach any text, article, or particular reference to answer this question. So we assume you are talking in general terms.

So being that the case, we can comment on the following.

It is true that emerging technologies are impacting organizations. Some businesses and organizations have been overwhelmed by technological advances. We are talking about new technologies that are transforming the workplace such as biometrics, analytics, robotics, big data, or artificial intelligence.

What organizations can do to reduce the burden of digitalization is having a gradual transformation. Not a sudden or abrupt change. A step by stape process is highly recommended. But procrastination at all. The digital transformation should start now.

It has to start with a process of training to make employees aware of the necessity of change.

6 0
3 years ago
Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditi
sashaice [31]

Answer:

Contribution margin= $169

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense

total unitary variable cost= 38 + 1 + 8 + 4

total unitary variable cost= $51

<u>Now, the contribution margin:</u>

Contribution margin= 220 - 51

Contribution margin= $169

8 0
2 years ago
Why are complaints beneficial when it comes to public relations?
Art [367]
Answer: They tell you what you or your team needs to improve
6 0
3 years ago
Other questions:
  • Assignment Background Ellie Johnson Associates surveys American eating habits. The company's 1) Using the General Journal tab, c
    14·1 answer
  • On Monday, the seller offers to sell his vacant lot to the buyer for $42,000. On Tuesday, the buyer counteroffers to buy for $40
    9·1 answer
  • Fortress International, a large conglomerate, procures a few component parts from external suppliers and also manufactures some
    14·1 answer
  • To increase the popularity of its new range of smartphones, gizmopro inc., a mobile phone manufacturer, offered several accessor
    14·1 answer
  • _____ are all sponsored domain name extensions.<br> .com<br> .mobi<br> .gov<br> .edu
    8·2 answers
  • Universal container sales reps can modify fields on an opportunity until it is closed. Only the sales operations team can modify
    14·1 answer
  • According to Adam​ Smith, which of the following is necessary for the proper functioning of the market​ system?
    7·1 answer
  • In the late nineteenth century, many businessmen argued that the United States should be prepared to compete with nations throug
    8·1 answer
  • YouEye is developing eye tracking technology that works with an individual’s webcam. Instead of needing to spend thousands of do
    12·1 answer
  • Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!