<h2>Answer:</h2>
The following statements describes the free enterprise systems
- Citizens can own property
- Supply and demand drives production.
- Consumers and producers make their own decisions.
- Citizens can accumulate wealth.
<h2>Explanation:</h2>
Free enterprise system is the system in which market is free from government control. It is a type of capitalism. Market itself manage its price and business is easy to do. All the citizens are allowed to own property, consumers and producers can make their own decisions and every person is allowed to accumulate wealth if they want.
Answer:
the products than to customer needs.
<span>When two firms who do not participate in the same industries, for example a software company and a fast food restaurant company decide to merge, the result is called a conglomerate merger. A conglomerate merger is defined as two or more companies that come together to work together when they have absolutely no related things in common when in comes to their businesses. There are two types of conglomerate mergers, pure and mixed. In a pure conglomerate merger the businesses have nothing in common and just want to expand their business areas. A mixed conglomerate merger is when firms want to expand their product lines or target markets. </span>
Answer:
c. 21.00
Explanation:
The formula to compute the price earning ratio is shown below:
Price-earnings ratio = (Market price per share) ÷ (Earning per share)
where,
Market price per share is $105
And, the earning per share would be
= Net income ÷ weighted-average common shares outstanding
= $865,000 ÷ 173,000 shares
= $5
Now put these values to the above formula
So, the per share would equal to
= $105 ÷ $5
= 21
Answer:
a. MR = 2/3P
b. The prom-maximizing price is $30.
Explanation:
a. MR = P(1 + 1/e)
= P(1 - 1/3)
= 2/3P
Therefore, Thefirm‘s marginal revenue as a function of its price is MR = 2/3P
b. monopoly firm maximizes profit when MR = MC
2/3P = 20
P = $30
Therefore, The prom-maximizing price is $30.