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3 years ago

What effect might the government have on oligopolies? in oligopolies, the government might

1 answer:

4 0

In oligopolies, the government might <span>impose barriers to entry with a tariff to limit foreign competition.
By doing this, the price of products that created by foreign competitors will be higher compared to the local products which give the local companies more opportunity to win the competition in national market.</span>

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The production possibilities curve illustrates the basic principle that

krok68 [10]

Answer:

If all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced

Explanation:

The concept of production possibility curve shows the different commodities that can be produced in a given economy, given the prevailing level of technology, if all available resources are efficiently utilized. The idea behind production possibility curve is that in other for in order to produce a particular commodity, the production of another commodity has to be scarified provided that i.e if all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced

6 0

3 years ago

Question 2 of 10

Step2247 [10]

Answer:

D. Ability to provide a healthy work environment

Explanation:

The most important skill needed by employers in any field is the ability to provide a healthy work environment. Irrespective of any expertise, a good and healthy work environment is needed for employees so that they can be productive. A healthy environment leads to reduce in injuries and illness thereby providing a stress free environment which in turn leads to an increased productivity.

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3 years ago

In which of the following situations would a delegation of contractual duties be allowed? Multiple Choice A painter hired to pai

Trava [24]

Answer:

A painter hired to paint your home.

Explanation:

Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.

For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.

Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.

Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.

In the other scenarios special skill is required so delegation will not be usually allowed.

8 0

3 years ago

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. What is another way to

Sphinxa [80]

Answer:

Market supply is much more elastic in the long run than the short run.

Explanation:

Here are the options to this question :

In the long run, average total cost is minimized

Market supply is much less elastic in the long run than the short run.

In the long run, price equals marginal cost.

Market supply is much more elastic in the long run than the short run.

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

When the supply curve is horizontal or nearly so, it means that supply is highly elastic. a small change in price would greatly affect the quantity supplied.

7 0

3 years ago

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

Reika [66]

Answer: $69,959

Explanation:

The amount of interest expense, that Corso will record on December 31, 2019, the company’s fiscal year end will be calculated thus:

First, we calculate the present value of payment which will be made on September 30,2020 and this will be:

= $1000000 × 0.857339

= $857339

Then, the interest expense on December 31,2018 will be:

= $857339 × 8%/12 × 3

= $17147

Therefore, the Interest expense on December 31,2019 will be:

= ($857339 + $17147) × 8%

= $874486 × 0.08

= $69959

3 0

3 years ago

What effect might the government have on​ oligopolies? in​ oligopolies, the government might

What effect might the government have on oligopolies? in oligopolies, the government might