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2 years ago

How do oligopolies influence market inefficiencies?

1 answer:

4 0

Oligopolies are inefficient as they do not produce the highest overall utility for the society. Since the market of sellers is few they limit the number of products being sold/made in order to limit their cost but increase their profit per unit. This results in the firm's producing the goods to gain more of the utility generated by the market and the consumers receive something much less. The loss of the consumers then out weighs the gain of the producers hence the total utility of the system is lower.

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Score skateboard company is a small firm that designs and manufactures skateboards for high school and collage students who want

ikadub [295]

Answer:

a. $1553

b. $1,303

c. $5,618

Explanation:

SUTA is 5.4% for employees if the total salary is below $7,000

In the provided scenario the salary is less than that as $7,000/6 employees = $1,167 each employee. The maximum salary is $1,100 in the scenario.

SUTA = $7,000 * 5.4%

SUTA = $378

Retirement Fund = $75

Gross Salary = $1,100

$378 + $75 + $1,100 = $1553

SUTA = $7,000 * 5.4%

SUTA = $378

Retirement Fund = $75

Gross Salary = $850

$378 + $75 + $850 = $1,303

SUTA = $7,000 * 5.4%

SUTA = $378 * 6 employees

SUTA = $2,268

Retirement Fund = $75 * 6 employees

Retirement Fund = $450

Gross Salary = $150 * 4 employees

Gross Salary = $600

Gross Salary = $1,150 * 2 employees

Gross Salary = $2,300

Total Gross Salary = $2,900

Total Gross Pay = $2,268 + $450 + $2,900

Total Gross Pay = $5,618

8 0

2 years ago

Bombs Away Video Games Corporation has forecasted the following monthly sales:

vladimir1956 [14]

Answer:

Bombs Away Video Games Corporation

Production and Inventory Schedule

Sales Units Production units Ending Units

Beginning inventory 38,000

January 22,600 15,200 30,600

February 21,200 15,200 24,600

March 7,600 15,200 1,800

April 7,600 15,200 9,400

May 6,600 15,200 18,000

June 9,600 15,200 23,600

July 11,600 15,200 27,200

August 11,600 15,200 30,800

September 13,600 15,200 32,400

October 19,600 15,200 28,000

November 23,600 15,200 19,600

December 27,200 15,200 7,600

Explanation:

a) data and Calculations:

Sales Budget ($'000) Sales Units Production units Ending Units

Beginning inventory 38,000

January $113,000 22,600 15,200 30,600

February 106,000 21,200 15,200 24,600

March 38,000 7,600 15,200 1,800

April 38,000 7,600 15,200 9,400

May 33,000 6,600 15,200 18,000

June 48,000 9,600 15,200 23,600

July 58,000 11,600 15,200 27,200

August 58,000 11,600 15,200 30,800

September 68,000 13,600 15,200 32,400

October 98,000 19,600 15,200 28,000

November 118,000 23,600 15,200 19,600

December 136,000 27,200 15,200 7,600

Total 182,400 182,400

3 0

2 years ago

Is the following example a social group or a task group?

marissa [1.9K]

Answer:

social

Explanation:

8 0

3 years ago

Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will

-BARSIC- [3]

Answer:

$24.86

Explanation:

The estimated stock of Zephyrl is $50

This is for a period of 5 years

The rate of return is 15%

Therefore the price that will be paid for this stock can be calculated as foloes

50= x (15/100^5)

50= x (0.15+1^5)

50= x (1.15^5)

50= 2.0113x

Divide both sides by the coefficient of x

= 50/2.0113

= 24.86

Hence the price that will be paid for the stock is $24.86

3 0

2 years ago

The Endangered Species Act, passed by Congress nearly four decades ago, has spawned a continuous series of debates between those

WINSTONCH [101]

Answer:

anthropocentrists and ecocentrists

Explanation:

Ecocentrism exposes a love towards nature as a total abstract being; It is related to the Gaia hypotheses. Unlike anthropocentrism, that sensocentrism and that biocentrism, ecocentrism is concerned with preserving ecosystems and species, not preserving the lives of specific individuals.

Ecocentrist environmentalism differs from anthropocentric environmentalism in that the former gives priority to the conservation of species and ecosystems over the conservation of individuals - including human beings - with the latter giving priority to the human being over the conservation of species and ecosystems, defending conservation only for the benefit of humans.

8 0

3 years ago