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patriot [66]
2 years ago
6

If a firm's marginal costs _____ then its _____. Group of answer choices rise; output increases fall; best-response curve shifts

rise; forced out of the oligopoly fall; price falls
Business
1 answer:
ziro4ka [17]2 years ago
7 0

If a firm's marginal costs <u>fall</u>, then its <u>price falls.</u>

This is based on the principle that if the marginal cost of a product or firm rises, that implies that the firm is operating at a high fixed cost, thereby leading to an increase in the cost of production, which generally equates to products having a high price.

On the other hand, where there is low marginal cost, production costs reduce because the products are being produced at a lower fixed cost. Thereby leading to lower prices.

Hence, in this case, it is concluded that "If a firm's marginal costs <u>fall</u>, then its <u>price falls</u>."

Learn more here: brainly.com/question/10474336

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John wants his assessment reduced by 30% since his property is located next to a power plant. The SCAR hearing officer granted J
Ray Of Light [21]

Answer:

John must first complete a process that starts with Form RP-524. Since the problem states that he already had a SCAR hearing, the only option left is the Tax Certiorari Proceeding which is a legal lawsuit filed in the New York State Supreme Court.

Explanation:

The compete process is as follows:

John must first file a grievance form, if he lives outside of New York City and Nassau County, he can use Form RP-524 "Complaint on Real Property  Assessment" and file it with the assessor or the board of assessment review (BAR) in John's city. New York City residents and Nassau Country residents must contact directly their tax or review commissions by telephone. The grievance forms must be filed before Grievance Day in John's city (it varies depending on the city).

Then John will have to appear before the BAR and present his claim. The BAR is made up of 5 members and it cannot include the assessor or any member from the assessor's office.

If the BAR's decision doesn't satisfy John, then he can proceed with a Small Claims Assessment Review (SCAR). Since John was granted only a 20% reduction by the SCAR hearing officer, the only option left is the Tax Certiorari Proceeding which is a legal lawsuit filed in the New York State Supreme Court.

5 0
2 years ago
Business Solutions is expected to pay its first annual dividend of $.84 per share in Year 3. Starting in Year 6, the company pla
ra1l [238]

Answer:

Ans. the value of the stock today is $6.31

Explanation:

Hi, we need to bring to present value all the cash flows of this stock, that is bringing to present value the cash flows from year 1 through 6 and the horizon value which is the value in year 6 of the cash flows from 6 and beyond.

The formula to use for the dividends from year 1 - 6 is:

PresentValue=\frac{Dividend((1+r)^{n}-1) }{r(1+r)^{n} }

Where:

r = is the discount rate

n = number of consecutive dividends

And the present value of the horizon value is:

PV(Horizon)=\frac{Dividend*(1+g)}{(r-g)} *\frac{1}{(1+r)^{n} }

So everything together is:

Price=\frac{Dividend((1+r)^{n}-1) }{r(1+r)^{n} }+\frac{Dividend*(1+g)}{(r-g)} *\frac{1}{(1+r)^{n} }

Now, the numbers

Price=\frac{0.84((1+0.144)^{6}-1) }{0.144(1+0.144)^{6} }+\frac{0.84*(1+0.02)}{(0.144-0.02)} *\frac{1}{(1+0.144)^{6} }=3.23+3.08=6.31

So based on the future cash flows of this share, its fair price is $6.31

Best of luck.

7 0
3 years ago
Many mining and mineral extraction processes tend to exhibit increasing returns to scale. Suppose copper mines have increasing r
IrinaK [193]

Answer: D) Output decreases by more than 25 percent

Explanation:

When a firm is said to be experiencing Increasing Returns to Scale, it means that for every additional unit of a factor of production, the firm experiences a higher increase in production than the additional unit. For example, if a Firm's output increases by 1.5 every time they hire an extra worker, the firm is said to be going through Increasing Returns to Scale.

With that same logic, if factors of production were reduced, the company undergoes a reduction in output that is bigger than the reduction in the factor of production.

For this reason, option D is correct in saying that Output decreases by more than 25 percent.

6 0
2 years ago
Companies that try to act in a socially responsible way are likely to focus on such activities as Multiple select question. incr
kicyunya [14]

Companies that try to act in a socially responsible way are likely to focus on such activities as increasing the diversity of their workforce, providing safety equipment and training for their workers using recyclable packaging.

<h3>How can companies act in a socially responsible way ?</h3>

Companies that are trying to act in a socially responsible way would take steps to ensure that they protect labour, employ more minority groups and take steps to protect the environment. Companies that are trying to act in a socially responsible way often adopt ESG factors in their decision making processes.

To learn more about social responsibility, please check: brainly.com/question/14615085

#SPJ1

4 0
2 years ago
The windsong automobile manufacturing company produces luxury automobiles made to order. the ownership of the firm recognizes th
notsponge [240]
The core job dimension which describes this work team is TASK IDENTITY.
Task identity refers to the overall extent to which an identifiable job is done from the starting point to the finish point by a single worker. Task identity is an important component of job satisfaction and employers use this technique to increase the satisfaction that the employees derived from their works.
6 0
3 years ago
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