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Ad libitum [116K]
3 years ago
7

What does economic problem mean?

Business
1 answer:
rusak2 [61]3 years ago
3 0

Answer: An economic problem is basically the problem of choice. Due to scarcity of resources, the problem which arises before an individual consumer also arises collectively before an economy.

Explanation: Yw and pls mark me as brainiest

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Monopoly power runs counter to the public interest because it leads to high prices, resource misallocation, and inefficiency. An
Stells [14]

Answer:

C. The Robinson–Patman Act of 1936

Explanation:

The Robinson-Patman Act of 1936 is an amendment to The Clayton Act of 1914, which particularly prohibits price discrimination. Price Discrimination is an act in which distributors or sellers of certain goods, give discounts to people who they seem to benefit more from while smaller shops buy the goods at a costlier price.

The instance where the major tire manufacturer has an agreement to make a price discount with the manufacturer of truck tires is an example of price discrimination, and the consequence is that other markets are affected as they now exit the market. This is a clear contravention of the Robinson-Patman Act of 1936.

6 0
3 years ago
Delos, Inc. reports the following information for​ April: Sigma Gamma Units sold 2 comma 000 units 800 units Sales price per uni
andrew11 [14]

Answer:

D. $ 322,000

Explanation:

                                                Delos, Inc.

                   Contribution margin format income statement

For sigma

Sales revenue (2,000 units × $350) = $700,000

Less: variable manufacturing cost = (2,000 units × $175) = ($350,000)

Less: sales commission = (700,000 × 4%) = ($28,000)

Contribution margin for sigma = $700,000 - $350,000 - $28,000

Contribution margin = $322,000

Therefore, option D is correct.

5 0
3 years ago
Blue Company reports the following costs and expenses in May.
Inessa [10]

Answer:

(a) Manufacturing overhead  = $176,700

(b) Product costs  =  $390,400

(c) Period costs = $72,390

Explanation:

a. The computation of the manufacturing overhead is shown below:

= Factory utilities + Depreciation on factory equipment + Property taxes on factory building + Indirect factory labor + Indirect materials + Factory repairs+ Factory manager salary

= $17,000 + $13,950 + $2,600 + $49,900 + $82,600 + $2,350 + $8,300

= $176,700

b. The computation of the product cost is shown below:

= Direct materials used + Direct labor + manufacturing overhead

= $141,700 + $72,000+ $176,700

= $390,400

c. The computation of the period cost is shown below:

= Sales salaries + Depreciation on delivery trucks + Repairs to office equipment + Advertising + Office supplies used  

= $47,500 + $4,700 + $1,900 + $15,500 + $2,790

= $72,390

7 0
3 years ago
Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?
givi [52]

Answer:

D. A price that fits comfortably in your budget

4 0
3 years ago
The slope of the demand curve for a monopoly firm is:
VladimirAG [237]

Answer:sorry man, don’t know

Explanation:

8 0
3 years ago
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