Answer:
James's price is $4 less than if the firm is a monopoly. A further explanation is given below.
Explanation:
Marginal income should have been equivalent to the marginal cost expenses as there was a Monopoly. The marginal price is calculated at 8 dollars. That being said, marginal income is declining.
- It costs $15 for maybe the first unit,
- $13 for its second unit,
- $11 for the third unit,
- $9 only for the fourth unit,
- $7 for the fifth unit.
When making the 4th unit, no marginal income as well as marginal cost becomes nearest. It, therefore, means that, as it generates 4 units, the Monopoly price would have been $12. Whether it is a reasonably open market, the cost should always be equivalent to marginal revenue, meaning $8 would be the price.
Answer:
Explanation:
a) Contract to purchase = 500 troy ounces / 50 = 10 contracts
b) Purchase price = 500 ounces × $ 1265 = $ 632500
c) Dollar profit at $ 1290 = 500 ( $ 1290 - $ 1265) = $ 12500
d) Dollar profit at $ 1290 = 500 ( $1210 - $1265) = $- 27500
As DVDs become popular as a substitute for the video cassettes, we will be expecting that the demand for the video cassettes will likely to "decrease". People found out and observed that DVDs has a better performance and can produce a good quality of sound. The prices of the two almost the same but the quality are different.
Answer:
B) Climate of trust
Explanation:
The problem seems to be Climate of trust. This fundamental factor allows teams to perform better than the sum of the performance of each of its members. Through an environment of trust, each member is supported and coached by other team members making individual improvements and increasing synergies within the team. A climate of trust is not exempt from criticism, but this criticism is understood as a helping tool rather than an instrument of personal harm. Finally, a climate of trust allows that errors and mistakes become a useful source of learning.
