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ASHA 777 [7]
4 years ago
6

Homogeneous oligopoly exists where a small number of firms are ______.

Business
1 answer:
Otrada [13]4 years ago
3 0

Answer:

B

Explanation:

If the firms in an oligopolistic industry can establish an effective cartel, the resulting output and price will approximate those of a pure monopoly.

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"On average, a customer waits 8 minutes in a queue and customers arrive at a rate of 15 per hour. What is the average number of
mote1985 [20]

Answer:

The Answer is A) 2

Explanation:

Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:

Average  Waiting Time = <u>(Average No of customers waiting in line</u>)  

                                                                        λ

> λ is a mathematical symbol pronounced Lambda and here refers to <em>Rate of Arrival.</em>

> We have Average Waiting Time = 8

> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)

> that is 15/60= 0.25

Therefore λ = 0.25

> Lets assume that Average No. of Customers Waiting in Line is C

Our formula (by substituting the various factors above now becomes

8 = C/0.25

                             

To get, we cross multiply. So we have:

C = 8 x 0.25

C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.

Cheers!

6 0
3 years ago
When products and services are produced or provided, which function is responsible for ensuring that those products and services
Anvisha [2.4K]

Answer:

The function that is responsible for ensuring that those products and services meet high quality standards are the OPERATIONS

Explanation:

Operations management is the business function which is responsible for managing the process of creation and coordination of goods and services. It involves planning, organizing, coordinating and controlling all the resources needed to produce a company goods and services. And it also ensures that products and services meet high quality standards.

5 0
4 years ago
In her role as Human Resource​ Manager, Joan often is consulted on matters of employee discipline. At​ times, Joan makes strong
VladimirAG [237]

Answer:

Staff authority.

Explanation:

In this case, Joan is exhibiting the type of staff authority.

This type of authority occurs when consulting with other line managers, providing them with ideas and advice, as seen in the question in the excerpt that says,<em> "Sometimes Joan makes strong suggestions about how other managers should deal with problems of your employees ". </em>

Therefore, despite providing advice, it is necessary that the suggestions and ideas are approved by the superiors of each manager so that it can be implemented.

6 0
4 years ago
Sally bought some beads and gave half of them to Tania.Tania bought some stickers and gave half of them to Sally.Tania gave away
Jlenok [28]

Answer:

77 stickers

Explanation:

Remember, we are told Tania gave half of the beeds she bought to Sally; implying 16 x 2 = 32 beads in total, which means Tania's leftovers should be 16 beads.

Second, note we are told the Ratio of number of beads to stickers Tania had left was 1:3;

implying that for every 1 beads left with Tania she also had 3 more stickers.

Since we know Sally received 16 beads from Tania we find the Ratio by multiplying 3/1x 16 = 48 stickers was left with Tania.

Adding the amount left with the amount given we arrive at 77 total stickers bought (48 +29).

4 0
3 years ago
Read 2 more answers
All of the following are advantages of having a savings account except
expeople1 [14]

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.  

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0
3 years ago
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