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
Sonbull [250]
3 years ago
13

Metropolitan Power and Light is a monopoly in the electrical generation and distribution industry. Since it does not face any co

mpetition in its industry, it has become quite lax in research and development and has not made any improvements to its efficiency. It also spends lavishly on its corporate retreats because it has a high level of guaranteed profits every year. Its actions are an example of:
Business
1 answer:
____ [38]3 years ago
7 0

Answer: x-inefficiency.

Explanation: Since it does not face any competition in its industry, the actions of Metropolitan Power and Light are an example of x-inefficiency which is a situation in which monopolies find themselves wherein they do not have to act efficiently since they are protected from competitive pressures. X-inefficiency is also applied to analyzing the average costs in imperfectly competitive markets whose average costs are higher than they would be if the market was more efficient.

You might be interested in
The standard price and quantity of direct materials are separated because a.GAAP and IFRS reporting requires separation b.standa
geniusboy [140]

Answer:

The correct answer is letter "D": direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department.

Explanation:

Standard price is the estimated price direct materials could have at the moment of ordering a purchase. Standard quantity refers to the forecasted number of units necessary for the production process of the firm. The two of them are separated to allocate each one to the department in charge of their providing accurate measures: <em>standard prices are set by the purchasing department while the standard quantity is estimated by the production department. </em>

The efficiency of standard price and quantity relies on the purchasing and production departments separately.

5 0
3 years ago
An extended period of little or no growth in gdp, wages, and prices is a period of?
dolphi86 [110]

An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.

When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.

Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.

Hence, stagnation in economy can occur due to a number of causes.

To learn more about stagnation were:

brainly.com/question/4323624

#SPJ4

3 0
2 years ago
A group of venture investors is considering putting money into Lemma Books, which wants to produce a new reader for electronic b
larisa [96]

Answer:

3400 units

Explanation:

Profit is the difference between the sales revenue and the total costs. It is calculated as:

Sales Revenue - Total Costs

Total costs include both fixed costs and variable costs. Fixed costs do not change with the level of output whereas variable costs do change with the level of output. However, as more units get produced, the total fixed cost per unit does change as they get spread over a larger unit of output.

In order to calculate the minimum quantity, we can make use of the break-even point. This is the point at which the business makes neither profits nor losses and the TR is equal to TC. At this point, all fixed costs have been covered and any additional unit sold provides a profit of the amount Selling price per unit - Variable cost per unit (contribution margin). The break-even point is calculated as:

Fixed costs / (Sales price per unit - Variable cost per unit)

350000 / (500 - 250) = 1,400 units to cover all costs.

After this point, the profit per unit would be selling price - variable cost per unit i.e. $250. Hence, to obtain $500,000 operating income or profit, it has to sell $500000 / 250 = $2000 units after breaking even.

Hence, total number of units to sell to make $500,000 operating profit = 2000 units + 1400 units = 3400 units

This can be checked as follows:

Sales - [(VC x Q) + FC] = Profit

(3400 x $500) - [(3400 x $250) + 350000] = Operating Income

Operating Income = $1,700,000 - $1,200,000

Operating Income = $500,000

5 0
3 years ago
Write a 700- to 1,050-word paper that evaluates the impact of implementing triple aim goals nationally.
Luba_88 [7]

Answer:

These were the "Tripple aim goals"

  • Improving quality and satisfaction
  • Improving the health
  • Reducing the per capita cost of health care

Explanation:

The United States has the most expensive healthcare in the world. It also has the best healthcare in the world. This may contend from a different perspective, but one point of view outplays them all and that is the freedom of choice to choose our healthcare benefactors. There’s enormous flexibility in the American system that other countries can only dream of. Its system could be better, and to do that we have to look at what would make it better. There are different phases of our healthcare that are not practicing what we would want them to be and when we look to people for answers we turn up with a three-pronged approach to making our healthcare live up to everybody’s expectations. If we look at the three aims:

• Improving quality and satisfaction for the patient experience of care,

• Improving the health of populations,

• Reducing the per capita cost of health care.

It doesn’t take long to realize that the three are closely interwoven. For example, if we asked 50 people about a particular list of complaints about their healthcare, I would stake good money that every single one had a high cost on it. The high cost of healthcare has been a favorite whipping boy in this country for some time now, and it doesn’t look like that is going to transform, the question is can it?

Genuinely, we need to lower costs is civilizing the health of the individual populations, and patient satisfaction. Healthy individuals don’t go to the doctor as much and lower their costs, satisfied people do the same, they are happy with the cure they got and don’t unnecessarily spend money on going to another doctor. So the Problem statement becomes how do we tackle the issue and what will it bring?

If we take a small group of people perhaps 50 and we just automatically lower their costs so that they pay thirty-five cents on the dollar, then we have accomplished two of the objectives. Apparently, we can’t just do that in real life we would have to take many steps to be able to do this, among them would be to advance the quality of their care. But, once we got started on each of the three goals, then we would see a synergistic effect in the other areas, and soon it would feed on itself.

At the beginning of the last century, Henry Kaiser had combined wealth as well as several companies, not to mention about 60,000 employees. He struggled with every aspect of a dissatisfied customer when the time came for his employees and their healthcare. Nothing seemed to get it to where he wanted it to be cost-wise and satisfaction-wise. Not to mention the overall health of his employees. With the issue of putting many times the effort into healthcare that other companies did, none of them were better-off, and none of them were any healthier than anybody else in the country. Until he took the bold step of bringing healthcare “in-house”. He formed his private clinic and hospital medical staff, and to this day it stands as a paragon of medical service and still outperforms all other healthcare in the country.

Noticeably, taking the same approach as Henry Kaiser would result in the same results, although it would be many times more difficult and would require that we vote on it as a nation.

If the President of The United States could take one-sided action much as Henry Kaiser did, and treat our people as a father would his children, then we could accomplish this goal quickly. Since that is not possible, let us assume that we have spent 50 years taking baby steps and finally we have achieved our goal and every one is 100 percent happy with how their healthcare works and what happens, and we have reduced diseases as we know them and there is a sense of prosperity over the country.

First, the impact would allow us more free time, since we would not be spending it being sick or catching up on school or work from being sick.

Second, there would be free money in that there would be so much of our finances freed up, some estimate as much as a 30-32% increase in our income, then would be the increased maturity, some estimates are as high as 150. There would be decreased traffic, decreased crime, etc... When all is said and done, we would marshal in a golden age for mankind and there are penalties and benefits that we could debate about for years, and would never even guess at until it happens. There are many things that we simply would not expect until we actually consummate the goal.

For more content like this visit Brainly;

brainly.com/question/28179570

#SPJ4

6 0
2 years ago
Organizational ___________ is the process by which managers create a specific type of organizational structure and culture so th
kupik [55]

Answer: Organizational design

Explanation:

 The organizational design is the type methodology in the form of step by step process. It basically involve the organization structure and goals that helps in the development process by implementing various types of efficient plans.

It develop the various types of structures, workflow and the procedure for meets the organization goals.

By using this method the organizational manager create the most effective ways for implementing the design.  

6 0
3 years ago
Other questions:
  • Fil in the blanks below.
    12·1 answer
  • The stocks of firms that don t meet listing requirements for stock exchanges are traded on the _____ market.
    6·1 answer
  • It is impossible to address your personal time True or Flase?
    5·1 answer
  • A small company has 2500 shares. Luna owns 100 of these shares. The company decides to split its shares. What is Luna's ownershi
    15·2 answers
  • On January 1, 2021, Gundy Enterprises purchases an office building for $338,000, paying $58,000 down and borrowing the remaining
    10·1 answer
  • What is the rate of return on an investment of $10,606 if the investor will receive
    10·1 answer
  • Ahnberg Corporation had 660,000 shares of common stock issued and outstanding at January 1. No common shares were issued during
    13·1 answer
  • What kind of network might you have at home?
    14·2 answers
  • Gregory knew that he was going to have to pay a premium for buying a home in a certain area but was determined to do so because
    14·1 answer
  • Rachael works in a matrix organization, and although she found it confusing at first, she has seen the inherent opportunities. I
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!