Answer:
Explanation:
First scenario: The answer is No, not many sellers. The drug of the pharmaceutical company has patent right and it is the only firm selling this product. This makes the company a monopolist (single seller)
Second scenario: No, not an identical product. Cable company and phone company produce different products. Cable companies majorly deal with television access.
Third Scenario: no, not many sellers. One firm is dominating the market and customers prefers this. Its product has been differentiated and it can charge its own price.
Fourth scenario: yes,meets all assumptions. The socks are identical and consumers do not care about the seller because the same utility will be derived from the socks.
Answer:
Lessens; Less.
Explanation:
Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. This lessens rivalry, since buyers become less price-sensitive. This mostly happens in premium end product where customers want to pay as much brand want to charge, where customers are not much concerned about the other brands, they have to have the products of certain brands at any cost which lessens the rivalry because customers are very much less price sensitive. As we have seen here for Porsche, same is the case with Apple, where customers want to pay higher for its iPhone and McBooks.
Answer:
If Joel purchases the warehouse, he can rent it to the corporation and charge the highest possible rent within reasonable terms. Joel can avoid double taxation and the corporation will be able to deduct rent expense.
Joel is also able to deduct depreciation expenses, real estate taxes, and other costs from his passive income.
As an individual, Joel is taxed differently for capital gains in case he sells the warehouse, and that rate is generally lower than corporate tax rates.
Answer:
a. real interest rate is 0.217 or 21.7%.
b. saving = 134
, investment is 332
, consumption is 3666.
Explanation:
a) Y = Cd + Id + Gd
Where Y= output
Cd= consumption
Id= Investment purchases
Gd=Government purchases
Y= (3600 - 2000r + 0.10Y) + (1200 - 4000r) + 1000
Y=5800-6000r+0.10Y
0.9Y=5800-6000r
At full employment Y=5000
Putting the value of Y in the above equation
0.9*5000=5800-6000r
5800-4500=6000r
r=0.217
Therefore real interest rate is 0.217 or 21.7%.
(b) Sd = Y - Cd - G
where Sd is national saving
Sd = Y - (3600 - 2000r + 0.1Y) - 1200
Sd = 5000-(3600 - 2000*0.217 + 0.1*5000) - 1200 =5000-3600+434-500-1200 = 134
Therefore, saving = 134
Id= 1200-4000*0.217 =332
Therefore, investment is 332
Cd= 3600-2000r+0.10Y=3600-434+500=3666
Therefore, consumption is 3666.
Answer:
The internal factors are factors that are under the control of the company and these can be tangible or intangible in nature.
Explanation:
Examples of three internal factors of Jessops’ Group Limited that can influence its functioning are:
1. Assets of the company: the company has over 200 stores around the UK, and also has an online shop and call center. This will make the company to serve a wide base of customers which can increase the revenue of the UK’s premier photographic retailer.
2. Photo and imaging business: This is a business line which is a key part of the company's product portfolio. The decision of the company to focus its attention on making its imaging business the market leader is because of the stability in its margins during the 2008–09 economic recession in the UK.
3. Participation and investment in social responsibility: The response of the company to the Waste Electrical and Electronic Equipment (WEEE) regulations on the disposal of electronic goods at the end of their life by contributing towards a national fund to assist local councils to develop collection facilities for electronic goods is an example of social responsibility. The creation of a convenient battery recycling points in its stores and effort to increase awareness of the WEEE regulations are part of social responsibility functions that will be seen more favorably by consumers. This can therefore increase the sales of the company.
