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2 years ago

If only one airline serves a town, does a monopoly exist? What about competition from other services?

Business

2 answers:

Pie2 years ago

5 0

Answer:

I really don't understood ur Question..

Explanation:

Sorry friend.....

Nadya [2.5K]2 years ago

3 0

If only one airline serves a town, the <em>question </em>of whether a monopoly exists is:

Yes, a monopoly exists

Based on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly

It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a <em>lack of competition</em> for competitive prices.

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Jennifer owns a pig farm near Salina, Kansas. Last year she earned $39,000 in total revenue while incurring $38,000 in explic

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Answer:

Jennifer earned an accounting profit of $1,000 and economic loss of $26,000

Explanation:

Total revenue for Jennifer is $39,000.

Explicit costs incurred is $38,000.

The implicit cost or opportunity cost involved is $27,000.

Accounting profit takes into account explicit costs only. It does not include implicit costs involved in the production process.

Jennifer has earned an accounting profit of

= Total revenue - Explicit costs

= $39,000 - $38,000

= $1,000

Economic profit takes into account the explicit cost as well as implicit cost.

The economic profit earned

= Total revenue - Total costs

= $39,000 - ($38,000 + $27,000)

= - $26,000

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3 years ago

If you had a bank account, which two methods of completing transactions do you think you would use most frequent?

Alika [10]

Withdraws and deposits

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4 years ago

Read 2 more answers

The Equal Employment Opportunity Act gave the Equal Employment Opportunity Commission the authority to:

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Answer:

issue guidelines for employer conduct in administering equal employment opportunity programs.

Explanation:

This act known as the The Equal Employment Opportunity Act was enacted to check discrimination and unfair treatment against minorities such as African Americans. This act has given the right to sue whenever any form of discrimination based on race, skin color, religious affiliation is found in the work place.

Therefore the correct answer is issue guidelines for employer conduct in administering equal employment opportunity programs.

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3 years ago

The ____________________ is a detailed examination of the events that occurred in a test, exercise, or assessment function, from

RUDIKE [14]

Answer:

after action review

Explanation:

After action review -

It refers to the complete brief analysis of any event which is completed , is referred to as after action review .

Complete analysis about the act is done in this process in order to get maximum information possible .

The process consists of steps like test , exercises , experiments etc.

Hence , from the given information of the question ,

The correct answer is after action review .

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3 years ago

The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixe

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Estimated total cost at an operating level of 9,000 hours will be $38,200.

<h3><u>SOLUTION: -</u></h3>

As per high low method

Variable cost = Change in cost / Change in hours = (High cost - Low cost) / (High hours - Low hours).

Particular Cost Hours

High $42,000 10,000

Low $23,000 5,000

Change $19,000 5,000

Variable cost = $19,000 / 5,000

= $3.80 per hour

Fixed cost = Total cost - variable cost

= $23,000 - ( $3.80 × 5,000 )

= $23,000 - $19,000

= $4,000

Estimated total cost at an operating level of 9,000 hours

Fixed cost + Variable cost

= $4,000 + ( $3.80 × 9,000 hours)

= $4,000 + $34,200

= $38,200

Therefore, Estimated total cost at an operating level of 9,000 hours is = $38,200.

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Correct Question - The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high−low method and has decided to use it in this situation.

Cost Hours

$24,360 5,800

$26,500 6,100

$34,800 7,850

$42,360 13,000

$38,800 9,400

What is the Estimated total cost at an operating level of 9,000 hours?

5 0

2 years ago