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Ad libitum [116K]
2 years ago
11

There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f

ollowing costs: Consumers' Willingness to Pay Shen: $35 Manuel: $50 Poornima: $40 Valerie: $25 Firms' Costs Firm A: $25 Firm B: $40 Firm C: $30 Firm D: $45 Each firm has the capacity to produce only one haircut. For efficiency, should be given.
Business
1 answer:
nekit [7.7K]2 years ago
5 0

Answer:

a. 4 haircuts

b. $10

Explanation:

a. Calculation to determine For efficiency how many haircuts can be given?

Basd on the information given For efficiency only 4 haircuts can be given reason been that every of consumer are willing to pay in order to cover the producers costs.

b. Calculation to find out how large will be the total surplus

Total surplus =($35 Manuel+$50 Poornima+$40 Valerie+$25 Firms)-(25 Firm B+ $40 Firm C+$30 Firm D+ $45)

Total surplus =$150-$140

Total surplus =$10

ThereforeTotal surplus is $10

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Marcus was offered a job as a senior manager by Super Corp. The offer, which was made over the phone, was for a three-year contr
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,Answer:

-Marcus is owed something by Super Corp because he relied reasonably and to his detriment on Super Corp's offer.

Explanation:

Employment contracts can be written, oral, or implied and each of these are binding to some extent.

In the given instance it is required that employment should be written in the state where Super Corp operates.

So Marcus will not be able to compel them to give him a job as the offer was made and accepted orally.

However the offer resulted in him quitting his current job, which paid $75,000 a year, and heading to the state where Super Corp was headquartered.

He relied on the offer to his detriment of losing his current job, so Super Corp owes him for the damages incurred

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2 years ago
Oligopoly is a market structure that is characterized by a ________ number of ________ firms that produce ________ products.
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Answer: small, interdependent; identical or differentiated

Explanation:

This is from Economics 202.

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2 years ago
Which of the following is an entry strategy in which the organization maintains its production facilities within its home countr
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Answer:

c. Exporting

Explanation:

Exporting strategy -

It offers the prospective of new markets , better profit , more sales and wider spread of customers .

The strategy can even make the person successful .

The strategy of export is based on the assessment of the position and the research into a promising opportunities .

Hence , from the options given , the most appropriate is the Exporting .

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3 years ago
9. Which, if either, of the following statements is or are false?I. Tax exempt income received by a partnership, for example, mu
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C) Both I and II

Explanation:

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3 years ago
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Answer: B. Restricted Fund Balance

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A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.

The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.

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3 years ago
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