Answer:
Bob must use $4,000 newspaper ads in two numbers
Explanation:
As given in the question -
Total number of people affected by $5,000 TV ad 
Total number of people affected by two $5,000 TV ad 
Total number of people affected by $5,000 TV ad 
Total number of people affected by two $5,000 TV ad 
Hence, more number of people are affected by two news paper adds of $4,000
Answer:
Explanation:
As we know that time interest earned ratio = Income before interest and taxes / interest expense.
Sales = 546000
less: cost of goods sold = (<u>244410</u>)
Gross profit 301590
Less: <u>expenses</u>
Depreciation expense =( <u>61900 </u>)
Profit before interest and taxes 239690
Less: tax
(239690 * 23%) = (<u>55128</u>)
Profit 184562
Profit - Retained earning Addition = Interest
184562 - 74300 = 110262.
Interest earned ratio = 239690 / 110262 = 2.17 times
Farmer Brown will have to charge enough to make sure he is receiving the most money for his product. He needs to make sure what he charges is more than what it costs to make his item and then profit what he would like. Maximizing profit refers to producing the quantity of output where marginal revenue is equal to marginal cost.
Answer:
A) Competing firms working together to fix prices and output.
B) Collusion.
C) Illegal
Explanation:
A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.
A collusion thus helps a hand full of companies to dominate the market of a particular product that they all produce. They can even form artificial barriers to entry for new firms as they control all or most of the relevant market forces.
In USA cartels are illegal as per the provision of anti-trust laws.
Hope that helps.
