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rodikova [14]
4 years ago
6

A firm with market power Select one: a. can increase price without losing all sales. b. faces a downward-sloping demand curve. c

. is the only seller in a market. d. both a and b
Business
1 answer:
cricket20 [7]4 years ago
7 0

Answer: d. both a and b

Explanation: If the company has market power, it means that its customers will get their products no matter how much they care, whether they have no competitors nearby or no substitutes. This company has a monopolistic characteristic, that is, depending on the price set by buyers, they will demand more or less, if this company wants to increase its sales in the future, the price must be lowered.

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onsider the market for purple potatoes below and assume that a price ceiling of $30 is imposed by the government. Calculate the
Troyanec [42]

Answer:

Deadweight loss is $5000

Explanation:

Calculation to determine what deadweight loss is

First step is to calculate the Change in quantity

Change in quantity =2500-2000

Change in quantity=500 unit

Now let determine the Deadweight loss

Using this formula

Deadweight loss =0.5* Change in quantity *(Willingness to pay at the price ceiling -Price ceiling)

Let plug in the formula

Deadweight loss =0.5*500*(50-30)

Deadweight loss=250*20

Deadweight loss =5000

Therefore the deadweight loss is $5000

3 0
3 years ago
Which of the following is a characteristic of a management control​ system? A. It deals with coordinating planning across the or
Katen [24]

Answer:

D. Helps managers to act rapidly and with autonomy

Explanation:

The management control system defines that every policy and procedure should be followed in a proper manner and work on new strategies for the benefit of the organization. It helps in managing the hierarchy level and differentiates the performance company resources like finance, marketing, sales, Human resource management, operations, etc.  

Therefore the management control system provides to work with sovereignty so that the work runs in a smooth and inefficient and effective manner. It also helps the managers to take the action quickly before things go out of control.

3 0
3 years ago
Which of the following best explains why market prices are useful to a financial manager when performing a costminusbenefit ​ana
DerKrebs [107]

Answer:

Option (C) is the correct answer to this question.

Explanation:

A cost-benefit analysis is a method that organizations use to assess decision making. The company or financial provision up the advantages of a circumstance or intervention but instead deducts the risks of taking the steps. Some consultants or analysts are now developing models for assigning a dollar value to intangible products, such as the advantages and costs of living in a certain town

Other options are incorrect because they are not related to the given scenario.

5 0
3 years ago
How does simple interest differ from compound interest?
KengaRu [80]

Answer:

The correct answer is letter "C": Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.

Explanation:

Interest may be <em>simple </em>or <em>compounded</em>. In general, simple interest is expressed as a percentage of the principal amount of a loan. It is calculated by <em>multiplying a loan's principal amount by the interest rate and the number of payment periods</em>. Compounded interest accrues on the principal amount of a loan and the interest accrued from previous periods. To calculate it <em>multiply the principal by the interest rate plus one (1), raised to the number of compound periods minus one (1).</em>

4 0
3 years ago
A company's management team should give serious consideration to bidding for a private-label footware contract in particular geo
kupik [55]
When the company has excess production capacity in one or more geographic regions that would otherwise be idle the company's management team should give serious consideration to bidding for a private-label footware contract in particular geographic region. This means that when the number of pairs of branded footwear that company management is planning to produce is below full production capacity then <span> a private-label footware contract in particular geographic region should be considered.</span>
8 0
4 years ago
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