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VashaNatasha [74]
3 years ago
10

Suppose two firms are in a game​ situation, and they each must decide on a strategy regarding whether to select a high price or

a low price. Profits for a firm are highest when it selects a low​ price, while the other selects a high​ price; profits are lowest if one selects a high​ price, while the other selects a low​ price; profits are in between when both select low​ prices; and profits are slightly higher when both select high prices. In the absence of collusion we expect:________
Business
1 answer:
swat323 years ago
4 0

Answer: Both to select low prices.

Explanation:

One of the vital goal of doing business is profit irrespective of the firm. Every business has to deal with funds and when funds is involved profit has to be made even while serving the client in satisfying conditions. The profit enables the firm to be ran smoothly; it's operations and have a reason to be said that their in business. Every firm ooks out for opportunities to make rofit while giving their best. According to the paragraph profits are high when the price of the commodity is reduced, each firm will reduce it's pricing to ensure they make profit.

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on december 31 of last year, wolfson corporation had in inventory 450 units of its product, which costs $22 per unit to produce.
11Alexandr11 [23.1K]

Answer:

$18,650

Explanation:

FIFO means first in, first out. It means its the oldest inventory that are sold first .

If the company sold 800 inventory, the 800 would be taken from the beginning inventory which is a total of 450 and the remaining 350 would be taken from the inventory produced in January.

Cost of goods sold

450×$22 = $9,900

350 ×$25= $8,750

$9,900 + $8,750 = $18,650

I hope my answer helps you

8 0
3 years ago
Prior to the launch of its financial service, Mint made extensive use of ______ which helped search engines view this business a
Dafna1 [17]

Answer:

Blogs

Explanation:

Blogs are information websites that provides relevant information for a target group in a diary style arranged according to date.

The most recent posts appear first in the website.

Mint has used blogs to provide relevant information to users.

Search engines analyse the contents of websites to determine of they are relevant sources of information.

Mint's blogs have help search engines identify the company as a relevant source of personal financial topics

8 0
3 years ago
What is the main aims of forming a maize milling company ​
belka [17]

Answer:

to provide I

or produce mealie meal for the country and improve the country's production in food and farming.

3 0
2 years ago
A copy machine cost $ 45 comma 000 when new and has accumulated depreciation of $ 44 comma 000. Suppose Print and Photo Center s
natita [175]

Answer:

The disposal resulted was at D. No gain or loss

Explanation:

The gain or loss on disposal on a fixed asset is calculated by comparing the sales proceeds from disposing off the asset and the carrying value of the asset.

The carrying value of the asset is its net book value which is calculated as follows,

Carrying value = Cost - Accumulated depreciation

If the carrying value is equal to the sales proceeds from disposal, there is no gain or loss.

The carrying value of copy machine was = 45000  -  44000  =  $1000

The sales proceeds were also $1000

Thus, gain/loss on disposal = 1000 - 1000 = $0

Thus, there was no gain or loss on disposal.

6 0
3 years ago
Read 2 more answers
Suppose at her current level of consumption, a person enjoys going to an additional baseball game three times as much as seeing
AleksAgata [21]

Answer:

The person is NOT spending her income for both goods in a manner that maximizes her satisfaction.

Explanation:

Based on the information given The person is NOT spending her income for both goods in a manner that maximizes her satisfaction which means that she would have to INCREASE baseball games consumption and DECREASE movies consumption reason been that we were told that an individual enjoys going to baseball game three times compare to seeing new movie which therefore means The price of the ticket for a baseball game which is the amount of $30 should be increase while the price of a ticket for a movie which is the amount of $15 should be decrease.

3 0
2 years ago
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