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3 years ago

Select the correct answer.

Business

1 answer:

Cerrena [4.2K]3 years ago

4 0

Answer:

They ensure that people and businesses can buy what they need.

Explanation:

Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.

In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.

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Suppose group price discrimination is possible but a firm chooses not to and sets the same price in each market. As a result Sel

lana [24]

Answer:

C) marginal revenue in the price-elastic market exceeds marginal revenue in the price-inelastic market

Explanation:

Marginal revenue will increase as the price elasticity of demand increases. When marginal revenue is positive, the demand is elastic, when marginal revenue is negative, the demand is inelastic.

Therefore if the company sets the same price for different markets, the marginal revenue will be higher where the price elasticity of demand is higher (more elastic). But it will be lower where the price elasticity of demand is lower (more inelastic).

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2 years ago

The company can manufacture either two food processors per machine hour or three espresso machines per machine hour. The compan

tekilochka [14]

Answer:

The contribution margin per machine hour is $150.

Explanation:

Note: The missing part of the question is

Food Processor Espresso Machines

Sales price $125 $225

Variable costs $50 $150

Solution

Contribution Margin per Machine = Sales Price - Variable Cost

=$125 - $50

=$75

Contribution Margin = Contribution per Machine × Number of Machines Produced in 1 Machine Hour

= $75 * 2

= $150

Thus, the contribution margin per machine hour for food processors is $150.

5 0

3 years ago

Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $

zysi [14]

Answer:

Explanation:

the file attached shows the solution to the three questions asked i hope it helps. thank you

Download docx

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3 years ago

Why do starbucks customer at busy downtown locations in major cities pay more for a cup of coffee than they would at less busy l

user100 [1]

Hey You! Here's The Answer:

They are willing to pay more for the convenience of the Starbucks' location.

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2 years ago

Write an e-mail to a client describing situations in which the partnership entity form might be more advantageous (or disadvanta

murzikaleks [220]

<u>Explanation:</u>

Structure and Formation of Corporation and Partnership:

Corporation is a independent legal entity whereas partnership in which two or more partners share ownership.

The formation of partnership entity requires fulfillment of lesser formalities than corporation.

Powers:

A partnership entity can do anything which the partners agree to do and there is no limit to the activities.
The powers of the shareholders are limited unlike the partnership entity.

Management:

Every member of a partnership entity may take part in the management.

Shareholders are not involved but managers run the company.

5 0

2 years ago