Answer:
B. An oligopoly
Explanation:
An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.
Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.
A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.
A monopoly is when there is only one firm operating in an industry.
A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.
I hope my answer helps you
When calculating loan payments, to show a down payment toward the purchase of an asset, you must adjust the pv argument of the financial function.
What is pv argument?
The following arguments are used with the PV function rate: The interest rate per compounding period (necessary argument). The monthly interest rate on a loan with a 12% yearly interest rate and monthly payments would be 12% divided by 12 or 1%. The rate would then be 1%.
What is financial function?
In a firm, the functions used to obtain and manage financial resources in order to make a profit are referred to as the finance function. It generates pertinent financial resources and information, enhancing the effectiveness of other corporate operations and activities such as planning and decision-making.
Learn more about financial function: brainly.com/question/13169279
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Answer:
Tom paid $23.54 while his cousin spent $18.72. Tom spent more on tax $.082 more than his cousin.
Explanation:
Tom
Cost of shirt = $22
Sales tax = 7%
Total amount paid = 22 + (7% × 22)
= 22 + 1.54
= $23.54
Tom's cousin
Cost of shirt = $18
Sales tax = 4%
Total amount paid = 18 + (4% × 18)
= 18 + 0.72
= $18.72
Tom spent more on tax as he spent $1.54 as against his cousin's $0.72.
Answer:
a) 2.1 billion tons/yr
b) 10.5 billion people
Explanation:
Given:
Total arable land = 1.4 billion
Grain produced by each hectare of land = 1 and 2 tons annually
therefore,
The average Grain produced by each hectare of land = 
= 1.5 tons/yr
Therefore,
The total grain produced annually
= average Grain produced × Total arable land
= 1.5 × 1.4 billion
= 2.1 billion tons/yr
b) Sufficient grain for each people = 200 kg
Now,
1 ton = 1000 kg
thus,
2.1 billion tons = 2.1 × 10⁹ × 1000 kg = 2.1 × 10¹² kg
The number of people Earth can support = 
or
The number of people Earth can support = 
or
The number of people Earth can support = 10.5 × 10⁹ people
= 10.5 billion people
Answer:
Company 4 has a times interest earned ratio of 14.3.
Explanation:
The times interest earned (TIE) ratio is a measure of a company's ability its ability to pay its debts based on its current income. Is an indication of a company's relative freedom from the constraints of debt
A higher TIE number shows that a company has enough cash after paying its obligations to continue to invest in the business.
In this particular case, it is company 4, because its TIE is the highest
