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IceJOKER [234]
2 years ago
12

Suppose external benefits are present in a market which results in the actual market price of $14 and market output of 150 units

. How does this outcome compare to the efficient
Business
1 answer:
9966 [12]2 years ago
5 0

Answer:

The efficient outcome would be greater than 150 units.

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3M Co. reports beginning raw materials inventory of $986 million and ending raw materials inventory of $928 million. 3M purchase
Rudiy27

Answer:

$4,634 million

Explanation:

The movement or change in the raw materials balance is as a result of purchases and use. The more the raw materials are used, the more reduced the raw material balance is and the more the purchase, the higher the balance.

Hence the relationship may be stated as

Opening balance + purchases - use = closing balance

$986 million + $4,576 million - amount used = $928 million

Amount used = $986 million + $4,576 million - $928 million

= $4,634 million

4 0
3 years ago
Read 2 more answers
Firm A and Firm B are the only two companies that sell mail-order DVD rental subscriptions. For several years, Firm A priced its
sveta [45]

Answer:

b. Firm A engaged in predatory pricing.

Explanation:

Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.

Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.

Based on this information only, an argument can be made that Firm A engaged in predatory pricing.

Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.

3 0
3 years ago
1. Jim is beginning his research on franchise businesses in order to find one that meets his needsA quick, easy way get general
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ok there are way to much questions can you simplify this question just by a little bit

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3 years ago
A certain person goes for a run each morning. when he leaves the house for his run, he is equally likely to go out either the fr
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<span>if there are no shoes at the door from which he leaves to go running, he runs barefoot. but i would think this to be a math probability question</span>
7 0
3 years ago
Security in the form of assets you pledge to a lender.
Anuta_ua [19.1K]
C is the answer. Hope this helps.
6 0
3 years ago
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