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Elanso [62]
3 years ago
13

Suppose that Boeing and Rolls-Royce Holdings are the sole producers of a particular jet engine. The two firms currently charge t

he same price for their products. If neither firm reduces the price of its engine, each firm earns $36 million in profit. If both firms reduce their prices, then each firm will earn $10 million in profit. If one firm reduces its price and the other does not, then the firm that reduces its price will earn a profit of $50 million while the other firm will earn a profit of $5 million. If the firms can operate as a cartel, then
Business
1 answer:
Reil [10]3 years ago
3 0

Answer:

each firm reduces its price.

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Give me a 5th grade sentence that has the words prosper and profit
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When an company makes much profit the business will florish and prosper.
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Athens Delivery Service is hired on October 31, 2018 to perform services, beginning on November 1, 2018. The delivery services w
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3 years ago
If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up consu
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Answer:

If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up

paying a higher price for the good than they otherwise would.

Explanation:

Import-restricting tariffs increase the cost of goods and services imported from other countries.  Governments have various reasons for making such impositions.  Some claim that the tariffs are imposed to protect local industries or to comply with local content requirements.  However, these restrictions hamper free trade.  They also distort the competitiveness of nations.

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3 years ago
Which of the following is part of a sustainable economy? ANSWER a) Unselected It will value and preserve ecosystem services and
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Letter e is correct. All of the listed responses are parts of a sustainable economy.

Explanation:

In a sustainable economy, people are much more aware of the preservation of nature's depleted resources, and the well-being of current and future generations, which induces companies to meet the demands of new conscious consumers by creating " green products "and the use of new technologies to reduce the negative impacts of production on the environment.

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One of the largest expense categories for most businesses is:__________A) advertisingB) research and developmentC) payrollD) pro
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C) payroll.

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3 years ago
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