Which of the following is a benefit associated with regional economic integration?

The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops do not need a pricing strategy and

jek_recluse [69]

Answer:

The correct answer is option c.

Explanation:

The only kind of market structure where the price is set by market forces and not the firms is pure competition. The firms in other market structures such as oligopoly, monopoly and monopolistic competition are price setters.

The market for wheat is a pure competition as there is a large number of sellers who are producing identical products. The firms are price takers and the price is determined by market forces.

5 0

3 years ago

Refer to Table 16-2. What is the concentration ratio for Industry M? a. about 52% b. about 22% c. about 96% d. about 40%

Harlamova29_29 [7]

The concentration ratio for Industry M is 52%.

The concentration ratio of industry M can be determined by adding the the ratio of the output to the total output of each of the six firms together.

Ratio of firm 1's output to total output = 22,987 / 198,400 = 0.11586 = 11.59%
Ratio of firm 2's output to total output = 21,444 / 198,400 = 0.1081 = 10.81%
Ratio of firm 3's output to total output = 18,787 / 198,400 = 0.0947 = 9.47%
Ratio of firm 4's output to total output = 16,454 / 198,400 = 0.0829 = 8.29%
Ratio of firm 5's output to total output = 12,890 / 198,400 = 0.065 = 6.5%
Ratio of firm 6's output to total output = 22,987 / 198,400 = 0.0506 = 5.06%

Sum of the percentages = 51.72%

Please find attached a table used to answer the question. A similar question was answered here: brainly.com/question/14903886

3 0

3 years ago

According to the least preferred coworker (LPC) scale of Fiedler’s model of leadership styles, if the leader describes the least

blagie [28]

Answer:

The correct answer is a. is relationship-oriented.

Explanation:

This type of leadership takes people and their development in the work team into account. Collaborative and participative work is allowed within its functions, where the appreciations and comments of all people are considered and it is built based on experiences. Everyone has decision-making power, that is, they can carry out tasks in the way they feel best and have the power to support other areas without the need for the boss or leader to participate.

5 0

3 years ago

TO GO! writes and manufactures murder mystery parlor games that it sells to retail stores. The following is per-unit information

AfilCa [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Unit sales price $ 30

Variable cost per unit 6

Fixed costs per year 360,000

To calculate the contribution margin ratio, we need to use the following formula:

Contribution margin ratio= contribution margin / selling price

Contribution margin ratio= (30 - 6) / 30

Contribution margin ratio= 0.8

The break-even point in dollars formula is:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point in units= 360,000 / 0.8

Break-even point in units= $450,000

Now, the desired profit is $440,00:

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (360,000 + 440,000) / 0.8

Break-even point (dollars)= $1,000,000

Finally, the margin of safety:

Sales= 60,000*30= $18,000,000

Margin of safety= (current sales level - break-even point)

Margin of safety= 18,000,000 - 450,000

Margin of safety= $17,550,000

6 0

3 years ago

Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented

vlada-n [284]

Answer:

1. BEP Company 470,000

2. BEP North 220,000

3. BEP South 110,000

Explanation:

The formula for BEP( Break even point)

Break even point in dollars = Fixed cost / Contribution margin ratio , where

Contribution margin ratio = Contribution margin / Sales revenue

To get started, Contribution margin ratio needed to be calculated.

North CMR = 120,000/400,000

= 0.3

South CMR = 120,000/ 200,000

= 0.6

Company = 240,000/600,000

= 0.4

Therefore, BEP(Dollars)

BEP(Dollars) = Fixed cost/ Contribution margin ratio

North = 66,000 / 0.3

= 220,000

South = 66,000 / 0.6

= 110,000

For the company, we will need to add common and segmented fixed cost;

Common fixed cost. 56,000

Segmented fixed cost 132,000

Total fixed cost 188,000

= 188,000 / 0.4

= 470,000

5 0

3 years ago