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GenaCL600 [577]
3 years ago
8

Please classify the source of barriers to entry described in each scenario below. ownership of a key input economies of scale go

vernment-imposed
a. There are a limited number of licenses for taxi drivers in NYC. ownership of a key input economies of scale government-imposed
b. Drug companies obtain patents so that they can recover research and development costs by the exclusive sale of the drug for some number of years. ownership of a key input economies of scale government-imposed
c. Carribean Cruz owns the only swimmable beach on an exclusive island in the Bahamas
d. The government establishes a quota on how much foreign oil can be imported
e. It is very expensive to build an amusement park, but not that expensive to admit an additional customerf. Building a brewery is a high start up cost operationg. The governemnt established a tariff on tear
Business
1 answer:
alexgriva [62]3 years ago
5 0

The source of barriers to the scenarios described will be:

<u>Government impos</u>ed:

  • There are a limited number of licenses for taxi drivers in NYC.
  • Drug companies obtain patents so that they can recover research and development costs by the exclusive sale of the drug for some number of years.
  • The government established a tariff on tea.

<u>Ownership of a key input:</u>

  • Carribbean Cruz owns the only swimmable beach on an exclusive island in the Bahamas.
  • The government establishes a quota on how much foreign oil can be imported.

<u>Economies of scale:</u>

  • It is very expensive to build an amusement park, but not that expensive to admit an additional customer.
  • Building a brewery is a high start-up cost operation.

It should be noted that government-imposed barriers are the barriers that can be in form of patents, licensing, tariffs, etc.

The ownership of key input is when the production of a good requires particular input,  therefore, controlling the input can be a barrier to entry.

Economies of scale is when the long run average variable cost of a firm falls as there is an increase in output.

Read related link on:

brainly.com/question/25375868

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The JPY/AUD spot exchange rate is 82.42, the JPY interest rate is 0.15%, and the AUD interest rate is 4.95%. If the interest rat
defon

Answer:

The answer is B. -97.7.

Explanation:

As the question gives us the spot rate, the interest rates of two countries, We can apply the covered interest parity to calculate the 90-day forward exchange rate JPY/AUD from which 90-day forward points can be derived.

F = S x ( 1+ Rjpy) / ( 1+ Raud); in which Rjpy denoted as JPY interest rate ( 0.15% per annum) while Raud is AUD interest rate ( 4.95% per annum).

F = 82.42 x (1+ 0.15% x 90/360) / ( 1 + 4.95% x 90/360) = 81.443

=> The 90-day forward points is : 100 x ( F-S) = 100 x ( 81.443 - 82.42) = -97.7

3 0
3 years ago
You are considering a car loan with a stated APR of 5.42​% based on monthly compounding. What is the effective annual rate of th
Anon25 [30]

Answer:

The effective annual rate is 5.57%

Explanation:

The interest rate that is actually earned or paid on investment or loan including the compounding effect over a given period of time. It is also known as rate.

Effective interest rate = [ ( 1 + r/m )^m ] - 1

Effective interest rate = [ ( 1 + 5.42%/12 )^12 ] - 1

Effective interest rate = [ ( 1 + 0.0542/12 )^12 ] - 1

Effective interest rate = 0.055567 x 100

Effective interest rate = 5.5667% = 5.57%

6 0
4 years ago
Jacob chose to spend the afternoon swimming rather than going to the movies. any value given up from not going to the movies is
quester [9]

Any value given up from not going to the movies is the <u>"opportunity cost".</u>


Opportunity costs represent the advantages an individual, speculator or business passes up while picking one option over another. While money related reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on taught choices when they have various alternatives previously them. Since they are concealed by definition, opportunity expenses can be neglected in the event that one isn't cautious. By understanding the potential botched chances one renounces by picking one venture over another, better choices can be made.  


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3 years ago
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When companies follow the key factors of Corporate Social Responsibility, a __________ usually results, thus __________.
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Answer:

positive public image, attracting more customers

Explanation:

7 0
3 years ago
Compare and contrast the roles of the federal government as both promoter and regulator of industrial development and market cap
Tema [17]

Explanation:

Compare and Contrast ->

Roles of the federal government -> Promoter & Regulator of industrial growth

U.S.Government => Promoter & Regulator of industrial growth

                            Pacific Railway Act (1862)-They have been granted 20 square miles of land per 1 mile of the track laid down. It strongly encouraged the construction of transcontinental railway lines, contributing to five different transcontinental roads: Union Pacific RR, Central Pacific RR, South Pacific RR, North Pacific RR and the Great North. The Grants Act of Morrill Land (1862)-gave state free land.

U.S.Government => Roles of the federal government

                             Sherman Antitrust Act (1890)The purpose was to promote economic competition through the regulation of shares, cartels and monopolies. It was very uncompromisingly applied Interstate Trade Act (1887). It also prohibits discrimination against shippers and pays more on the same train for shorter routes than for longer routes.

Thesis:

In the 19th Century and in themid-19th Century, the government of the United States was much more a proponent of industrialisation then an industrialisation regulator than a regulator.

In the year 1862, for instance, congress took place on the Pacific Railway Act, which gave the railway lines 20 acres per mile. This eventually culminated in five transcontinental trains: Union Pacific Railways, Central Pacific Railways, North American Railways, South Pacific Railways, and the Great North.In end, this resulted in the creation of booming towns in the west, encouraging manufacturers to relocate to their inhabitants and enabling businesses to sell their products to remote locations that were once hard to reach. Congress also enacted Morrill's 1861 Tariff Act which substituted for a higher tariff for the limited import tariff inserted in 1816. This shielded businesses from foreign competitors and increased their profits so that they could increase their power. The US government in general has been a more aggressive manufacturing supporter.

4 0
4 years ago
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