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3 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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Oriole Co. reports net income of $59,000. Partner salary allowances are Pitts $15,000, Filbert $5,000, and Witten $6,000. Indica

loris [4]

Answer:

Oriole Co

Division of net income to each partner:

Pitts Filbert Witten Total

Total income $33,480 $13,580 $11,940 $59,000

Explanation:

a) Data and Calculations:

Net income = $59,000

Salary allowances = $26,000

Remaining shareable income = $33,000

Allocation of net income to each partner:

Pitts Filbert Witten

Income sharing ratio 56 : 26 : 18

Salary Allowances $15,000 $5,000 $6,000

Shareable income 18,480 8,580 5,940

Total income $33,480 $13,580 $11,940

b) Calculation of shareable income:

Pitts = $33,000 * 56% = $18,480

Filbert = $33,000 * 26% = $8,580

Witten = $33,000 * 18% = $5,940

6 0

3 years ago

Planning for capital expenditures is necessary for all of the following reasons except:

True [87]

Answer:

The correct answer is (C)

Explanation:

Planning for capital expenditures is an important aspect which helps the organisation to grow in future and to mitigate the risks of financial distress. Amount spent on office equipment is not a part of planning for capital expenditures because in time fixed assets such as office equipment wear out or become superseded. All other reason are a part of planning for capital expenditures.

3 0

3 years ago

A coupon bond that pays interest of $90 annually has a par value of $1,000, matures in 5 years, and is selling today at a $15 ab

Digiron [165]

The answer would be A

5 0

3 years ago

. Initially, the economy is in long-run equilibrium. The aggregate demand curve then shifts $50 billion to the left. The governm

Romashka [77]

Answer

the correct answer is

Reduce taxes by $5.56 billion dollars. Increase expenditures by $5.56 billion dollars.

good luck ❤

3 0

3 years ago

According to PMI’s "Code of Ethics and Professional Conduct", project managers should exhibit all of the following behaviors EXC

Harrizon [31]

Answer:

The correct answer is letter "C": authority - exert economic and political power .

Explanation:

The Project Management Institute (PMI) establishes in its "Code of Ethics and Professional Conduct" that there are four milestones important to consider for every project manager: honesty, responsibility, respect, and fairness. According to the PMI, those values drive not only the ethical life in the managerial but the real world, where the best outcome is the most ethical.

In that sense, "authority" has nothing to do with the PMI's Code of Ethics.

5 0

3 years ago