Answer:
To forecast sales and schedule production needs Boeing asks its prospective customers what their likely purchase will be in the next five years. This is considered a surveys of buyer's intentions
Answer:
A) Competing firms working together to fix prices and output.
B) Collusion.
C) Illegal
Explanation:
A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.
A collusion thus helps a hand full of companies to dominate the market of a particular product that they all produce. They can even form artificial barriers to entry for new firms as they control all or most of the relevant market forces.
In USA cartels are illegal as per the provision of anti-trust laws.
Hope that helps.
Answer:
CPI washinton 100
CPI Austin 45
or
CPI Washinton 222
CPI Austin 100
Explanation:
We need a CPI that equalise the salary of 200,000 in Washington DC and the 90,000 in Austin Texas
if Washinton DC is the base, and their CPI is 100
how much does the CPI of Austin needs to be to make 200,000 in Washinton equal to 90,000 in Austin?

90,000/200,000 x 100 = CPI
CPI = 45
A CPI of 100 in Washinton
and a CPI of 45 in Austion make the two salaries have the same purchasing power.
If we use Austin as a base:
100/45 x 100 = 222.22222
Then the CPI for Austin is 100
and the CPI for Washinton 222
Answer:
eliminated due to firms entering the industry
Explanation:
In the long run , monpolistically competitive firms earn zero economic profit due to entry of firms into the industry.
A monpolistically competitive firm has low barriers to entry and exit of firms. In the short run when monpolistically competitive firms earn economic profit, firms enter into the industry in the long run and economic profit would be wiped out.
Other features of monpolistically competitive firms are:
1. They sell differentiated products
2. They set the prices for their goods and services
3. They have a downward sloping demand curve.