Answer:
a
Explanation:
sometimes you need to be wolf
Answer:
the price of the.
Explanation:
the amount of another good a person is willing to give up to get one more taco. the amount of another good a person must give up to get one more taco
Answer:
A computer's wireless adapter translates data into a radio signal and transmits it using an antenna.
Explanation:
Answer:
Estimated Payable Days = 39
Explanation:
Given:
Annual account Payable = 4,800
Annual revenue = 75,000
Gross profit margin = 40%
Find:
Payable days
Computation:
Annual expense = Annual revenue(1-Gross profit margin)
Annual expense = 75,000(1-0.4)
Annual expense = 45,000
Estimated Payable Days = [4,800 × 365] / 45,000
Estimated Payable Days = 39
Answer:
d. multiple firms would likely each have to pay large fixed costs to develop their own network of pipes.
Explanation:
Option a is wrong because:
The initial investment is very high, therefore, the more firms competing will only increase the required investments and fixed costs associated with them, e.g. depreciation, maintenance. That is why the lowest average costs is generally achieved when only one firm serves this type of market.
Option b is wrong because:
A natural monopoly exists because it is extremely difficult for two or more competing firms to exist. Generally the required investment is very high, and the revenues are not large enough to allow two or more firms to compete.
Option c is wrong because:
Utilities require large initial investments, but once they are set up, the production costs are very small. I.e. the fixed costs are more relevant than the variable costs. Average production costs as decrease as the quantity produced increases.
