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3 years ago

Oligopolistic firms have been called what as this lesson has mentioned

Business

1 answer:

tia_tia [17]3 years ago

7 0

Answer: B. Cats in a bag

Explanation:

oligopolistic firms is a small number of firms who realize that they all constitute such a small number of firms that they enjoy a lot of power together. so together they are cats in a bag.

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A fertilizer manufacturing company wants to relocate to lakeside county. a report from a fired researcher at the company indicat

I am Lyosha [343]

Indeed, I trust the organization's CEO ought to uncover the substance of the horrible report with district agents, yet I likewise figure they ought to uncover the second report appearing there was no issue with the manure. I believe it's best for business to be transparent with the goal that another person doesn't uncover just 50% of your discourse and influence the organization to look terrible

5 0

3 years ago

Read 2 more answers

The days sales in recievable for baker sales is 35 the days sales in receivables for xanadu company is 25 this suggest xanadu is

JulsSmile [24]

Answer:

B. False

Explanation:

The days sales in receivable indicates the number of days in which a company receives the payments of its credit sales. A lower number indicates that the business collects the money faster and more efficiently. According to this, the statement is false because the days sales in receivable for baker sales is 35 and for xanadu company is 25 which means that xanadu company is having less difficulty in collecting the money.

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3 years ago

Read 2 more answers

Fruitasia purchased land, a building, and equipment for $800,000. the estimated fair values of the land, building, and equipment

marishachu [46]

Given; Equipment and building = $800,000Fair value of the land = $100,000Fair value of the building = $700,000Fair value of the equipment = $200,000
Solution;
$800,000 x [$100,000/($100,000 + $700,000 + $200,000)] = $80,000.
The company would record the land of $80,000

6 0

3 years ago

Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first 3 months of th

padilas [110]

Answer:

January:

Budget labor cost= $236,520

February:

Budget labor cost= $221,400

March:

Budget labor cost= $271,350

Explanation:

Giving the following information:

Planned production in units for the first 3 months of the coming year is:

January= 43,800

February= 41,000

March= 50,250

Each drum of the industrial solvent takes 0.3 direct labor hours. The average wage is $18 per hour.

Budget labor cost= number of units*0.3 direct labor hours* average wage

January:

Budget labor cost= 43,800*0.3*18= $236,520

February:

Budget labor cost= 41,000*0.3*18= $221,400

March:

Budget labor cost= 50,250*0.3*18= $271,350

5 0

4 years ago

1. If the number of consumers in the market for good A increases, what will happen to the equilibrium price and

ANTONII [103]

Answer: The correct answer is option B: Equilibrium price and quantity will both increase

Explanation: First and foremost, a definition of demand would be in order. Demand can be defined in simple terms as the quantity of goods or services that consumers are willing and able to buy at a given price and at a particular point in time. The law of demand states that, "All things being equal, the higher the price of a commodity, the lower the quantity demanded by the consumers, and the lower the price of the commodity, the higher the quantity demanded by consumers." This is theoretical and is the ideal situation for a rational consumer.

However, producers (sellers) are only willing to supply more if the price is higher (for the sake of profit of course) and are willing to supply less if the price is lower. This shows that there is an inverse relationship between both variables, that is, at a higher price the producer wants to sell more while the consumer wants to buy less, and at a lower price the producer wants to sell less while the consumer wants to buy more. It gets to a point where they both have to compromise and agree on a price suitable to both producer and consumer, and that in economics is the equilibrium price.

As shown in the attached diagram, the equilibrium price is P1, while the equilibrium quantity is Q1.

In economics theory, a number of factors are usually responsible for a change in the market demand and one of such is population. Take for instance, in a community with 1000 individuals making up the market demand for commodity A, an increase in the population to 1500 individuals would mean that the number of consumers has increased considerably. Consequently the market demand would also increase. However, there would be an excess of demand over supply, that is, the increased demand cannot be met by the current level of supply. Hence the appropriate response to the pressure shall be an increase in the price on the part of the producers. As shown in the diagram, the demand has now increased from D1D1 to D2D2 and the equilibrium price has also changed from P1 to P2. This is because, the increase in population that led to the increase in demand has now resulted in a new equilibrium point as shown by the intersection of D2D2 and S1S1.

Therefore, the new equilibrium price is now P2 and the new equilibrium quantity is now Q2

4 0

3 years ago