Final answer:
The largest number of cars with the same color and options that can be guaranteed out of 100,000 is at least 3126, calculated using the Pigeonhole Principle with 32 possible color and option combinations.
Explanation:
The question involves finding the largest number of cars that can have the same color and the same options out of 100,000 cars sold with given customizations.
With three options available for each car, each of which can be either selected or not, there are 23 possible combinations of options since each option has two possible states: taken or not taken. With four colors available, this creates a total of 23 × 4 = 32 different combinations for options and color.
Using the Pigeonhole Principle, to guarantee that at least two cars have the same combination of color and options, you would divide the total number of cars sold by the number of possible combinations and round down to the nearest whole number.
Therefore, 100,000 cars divided by 32 possible combinations equals 3125 whole combinations with at least one car leftover, meaning at least 3126 of these cars will share the same color and options configuration.
This is the largest number we can guarantee will have the same color and options out of the 100,000 cars sold. It is important to note that in real scenarios such as purchasing a car, factors like imperfect information about the condition of used cars and the associated risks are important considerations.
Marvin's concerns in the provided text about the potential of acquiring a 'lemon,' represent the challenges in ensuring high-quality purchases and the balance between cost and reliability.
A company purchased a piece of equipment for $350,000 in 2008. As of 12/31/2015, $215,000 of depreciation expense had been recognized against this piece of equipment. What is the equipment's net book value on 12/31/2015?
Answer:
The equipment's net book value on 12/31/2015 is $ 135000.
Explanation:
Net book value of the equipment on 12/31/2015 is given by:
Net book value = cost of the equipment - depreciation expense recognized until 12/31/2015
= $ 350000 - $ 215000
= $ 135000
Therefore, the equipment's net book value on 12/31/2015 is $ 135000.
Final answer:
The net book value of the equipment on 12/31/2015 is calculated by subtracting the accumulated depreciation from the original purchase price, resulting in a net book value of $135,000.
Explanation:
To calculate the equipment's net book value on 12/31/2015, we subtract the total depreciation expense recognized from the original purchase price of the equipment. The purchase price was $350,000 and the accumulated depreciation as of 12/31/2015 was $215,000.
Therefore, the equipment's net book value on 12/31/2015 is:
Purchase Price - Accumulated Depreciation = Net Book Value
$350,000 - $215,000 = $135,000
The net book value of the equipment as of 12/31/2015 is $135,000.
When the seller requires that only certain dealers carry its products and also that these dealers not handle competitors' products, its strategy is known as ________.
a. exclusive distribution
b. horizontal restraint of trade
c. disintermediation
d. selective distribution
e. horizontal market division
Answer:
The correct answer is a. exclusive distribution.
Explanation:
Exclusive distribution refers to a commercial agreement between a producer and a distributor that states that the former will only sell his products to the latter if he agrees not to sell competing products.
Exclusive distribution can take different forms. One of the most used ways is that the retailer or distributor undertakes to sell only and exclusively the product of a certain manufacturer or producer while it is committed to use only this distributor as its sales channel.
Another alternative of agreement, although less used, is that the distributor is obliged to buy all the units of a certain product from its manufacturer.
The exclusive distribution agreement is not necessarily expressed in a formal and written contract, although this happens in many cases, in others it is only a word agreement between the parties.
Trade between Mexico and U.S.
- is a losing proposition for Mexico because U.S. workers are more productive.
- is a losing proposition for the U.S. because Mexico has cheaper labor.
- is like a sports contest: one side wins and the other side loses.
- benefits both the United States and Mexico.
Answer:
It benefits both sides
Explanation:
It may not benefit the same way but of course both sides benefit. The U.S. might obtain more because its has more money than Mexico.
Dana Corp. owns stock in Seco Corp. For Dana and Seco to qualify for the filing of consolidated returns, at least what percentage of Seco's total voting power and total value of stock must be directly owned by Dana?
Answer:
The answer is: At least 80%
Explanation:
If corporations want to file consolidated tax returns they must be part of an affiliated group. They will be part of the same affiliated group if at least 80% of the voting power and stock value of each is owned by a mutual "parent corporation" and by each other corporation of the affiliated group.
In this case, Dana Corp. must own 80% the stocks and voting power of Seco Corp.
Lorraine belongs to a national consumer panel created by a market research company. She regularly receives samples of new products from a variety of firms and fills out questionnaires about the products. The national consumer panel Lorraine is part of is engaged in
A. premarket testing.
B. product launch.
C. test marketing.D. product development.E. concept testing
Answer:
A. premarket testing.
Explanation:
The pre market testing is when people from a certain business send products to people that are the target of that product to see if they would use it, continue to use it and how much would they be willing to pay for that product, this is done prior to the launch of the product, in order to get to know better the consumer and how they can improve their product, also to see if it is viable to start mass production and launch it into the market, so what Lorraine is doing is premarket testing.
When a company performs a competitively valuable activity better than its rivals, it is said to have a distinctive competence in performing the activity.
a. dynamic resource capability.
b competence in performing the activity.
c core competence in performing the activity.
d superior human resources and intellectual capital.
Answer:
a. dynamic resource capability.
Explanation:
A company's competence of performing a activity depends on various factors. It depends on the production whether producing in vast quantities or small quantities, quality of the product, its inventory and stock, delivery at time, timely rendering service. All the factors leads to the success of the performing a certain activity. If these points are not fully satisfied at time, customers will run to the rival companies for the product or service. So having a strong dynamic resource and also the man force to complete all the required activity at time is the main criteria for the success of the company.
Thus the answer is a. dynamic resource capability.
Marco is from the Mediterranean coast of Greece and Forough is from Iran. While visiting their grocery store, you notice that they are helping one customer find an item, another customer checkout, as well as mopping up a spill, and restocking a shelf How would you describe Marco and Forough’s use of time?
Its Polychronic culture use of time.
Explanation:
The polychronic has a meaning that the person is open to do different things in the same time. When it comes to a culture, it means the person is raised in the way that they accept an interruption while doing one thing. They are raised that it is normal for a person to do many things in the same time.
The opponent of polychronic is a monochronic culture. In monochronic a person is raised in the way that he should be focus only on one thing. Polychronic culture often be seen in
Arabic, Middle-East, and African countries. WhileWhile Monochronic usually can be found in
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I describe Marco and Forough’s use of time by polychronic culture
Further explanationMonochronic cultures like to do just one thing at a time. They value a certain orderliness and sense of there being an appropriate time and place for everything. They do not value interruptions. Whereas the polychronic cultures like to do multiple things at the same time.
A few societies are customarily monochronic. In such a culture, time is thought of as being linear. Individuals are relied upon to complete one thing at once, and they won't endure delay or intrusions.
In polychronic societies, time is thought as being cyclical. Polychronic societies jump at the chance to do different things in the same time. A supervisor's office in a polychronic culture commonly has an open entry, a ringing telephone and a meeting that ahead in the meantime.
Marco is from the Mediterranean coast of Greece and Forough is from Iran. While visiting their grocery store, you notice that they are helping one customer find an item, another customer checkout, as well as mopping up a spill, and restocking a shelf. It seems Forough and Marco are like to do multiple things at the same time.
Learn moreLearn more about Polychronic culture https://brainly.com/question/10891230Learn more about Mediterranean coast https://brainly.com/question/10431937Learn more about time https://brainly.com/question/1609335Answer detailsGrade: 5
Subject: business
Chapter: culture
Keywords: Polychronic culture, Mediterranean coast, grocery store, shelf, time
Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good, the additional or marginal utility from each additional unit of the good declines. law of trade-offs
Answer:
law of diminishing marginal utility
Explanation:
According to my research on different economic terms, I can say that based on the information provided within the question the term being mentioned is called the law of diminishing marginal utility. Like mentioned in the question this term states that the marginal utility of a good or service declines as its available supply increases.
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How much money would you have to pay each year in 8 equal payments, starting 2 years from today, to repay a $20,000 loan received from a relative today, if the interest rate is 8% per year?
Answer:
The annual payment is $3,758.72
Explanation:
Amount borrowed = $20,000
Annual Interest Rate = 8%
Number of payments = 8
Let annual payment be $R
$20,000 = $R/1.08^2 + $R/1.08^3 + $R/1.08^4 + $R/1.08^9
$20,000 = (1/1.08) ×[$R/1.08 + $R/1.08^2 + $R/1.08^3 + $R/1.08^8]
$20,000 = (1/1.08)×$R×(1 - (1/1.08)^8) / 0.08
$20,000 = $R×5.32096
$R = $ 3,758.72
Therefore, the annual payment is $3,758.72
"If a real estate professional says to a potential seller that the neighborhood is ""changing"" and ""isn't what it used to be,"" that message may be considered blockbusting.
A. True
B. False"
Answer: True
Explanation: Blockbusting refers to the techniques used by the real agents in America. In general the agents and the builders use this for white house owners. The agents while using this, tries the owners that the racial communities are moving to the neighborhood and it would not be safe for them.
In simple words, they use the perception of racism so that they can get the property at relatively cheaper prices.
Thus, from the above we can conclude that the given statement is true.
At the end of each day, Panera Bread restaurants donate leftover bread and baked goods to food banks and local charities. The company is practicing ___ by helping to advance the social conditions of the communities in which it operates.
a. corporate social responsibility
b. sustainability
c. conscious capitalism
d. greenwashing
Answer:
Conscious capitalism
Explanation:
Organizational policies and practices that enhance the economic success of a company and advance the economic and social conditions of the community.
A CPA firm should establish procedures for conducting and supervising work at all organizational levels to provide reasonable assurance that the work performed meets the firm’s standards of quality. To achieve this goal, the firm most likely would establish procedures for:
Answer:
The correct answer is Reviewing documentation of the work performed and reports issued.
Explanation:
Supervising staff could be a complicated and quite laborious task when not done correctly. In addition, the employee may feel observed and even intimidated.
To avoid the above, it is important to look for a better way to supervise staff, trying to avoid constant harassment to which they feel exposed. Following this helps a lot in this process:
Constant monitoring. Constant monitoring does not warrant that the supervisor does not take off from the employee like a shadow. Supervisions can be daily, yes, but that depends on the activity that is carried out and how safe the supervisor is of the training provided to the worker.
Written evaluations. These evaluations can be carried out thanks to the monitoring of the previous point (always in writing and, preferably, signed by employee and supervisor), or, they can be small tests and knowledge tests, depending on the area in which the worker performs.
The form of evaluation will always depend on the supervisor, on what he considers most effective and on the activities to be monitored and evaluated.
Write a document per employee. The file must include the following:
The progress of each employee in the assigned projects and activities. The job description signed by the director / manager, direct supervisor and employee. There must be two goals: one original that remains in the address and a copy for the worker. Any evaluation in writing (regardless of deadlines, although preferably it could be monthly) that shows the worker's performance. Evidence of conversations between the director and supervisor about the worker's performance, duly signed and dated. Records of complaints from the worker to the company and from the company to the worker.The nature of political battles over trade in the modern era A. typically centers on issues involving the trade-induced devaluation of labor skills. B. originates with the fundamental conflict between workers and capitalists. C. has remained unchanged from the battles fought throughout history. D. centers on disputes between landowners and manufacturers.
Answer:
The correct answer is A. typically centers on issues involving the trade-induced devaluation of labor skills.
Explanation:
Modern trade and negotiated trade agreements involve all these areas and, also, greater details and scope (for example, investments). The so-called “last generation” trade agreements and their relative boom were due to the stoppage of the WTO Doha Round, perhaps determined by the reluctance of developed countries to promote greater openness in agriculture.
Destiny and Enzo engage in a business transaction. When a dispute arises, Destiny initiates a lawsuit against Enzo by filing a complaint. If Enzo files a motion to dismiss, he is asserting that
a. Destiny did not state a claim for which relief can be granted.
b. Destiny’s statement of the law is not true.
c. Destiny’s statement of the facts is not true.
d. Enzo suffered greater harm than Destiny.
Answer:
The answer is: A) Destiny did not state a claim for which relief can be granted.
Explanation:
A motion to dismiss is a request made by a party involved a court case (usually the defendant) that seeks to make the court dismiss the case. It can be filed on a variety of grounds based on legal deficiencies. One of the common grounds for filing a motion to dismiss is:
Failure to State a Claim for Which Relief Can Be Granted: A plaintiff must comply with several requirements in order to file a complaint, including a valid cause of action. A motion to dismiss may be granted if the plaintiff fails to adequately allege all of the elements of the claim or if the complaint fails to allege a measurable injury.An increase in the price of steel to producers of refrigerators will cause _____________________.
a) the quantity demanded for steel to increase
b) the demand for refrigerators to decrease
c) the quantity supplied of refrigerators to increase
d) the supply curve for refrigerators to shift left
Answer: Option (D) is correct.
Explanation:
Price of input is a determinant of supply. Any change in the price of input will shift the supply curve. It was observed that steel is used as a factor of production or as an input in the production of refrigerators. So, if there is any increase in the price of steel will directly increase the cost of production for refrigerator producers. Therefore, this will cause the supply curve for refrigerators to shift leftwards.
How does scarcity affect Trey?
Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team.
Shifts at the restaurant are scarce so Trey must find a second job in order to save up enough to purchase the car.
Positions on the school basketball team are scarce so Trey must quit his job and practice harder to stay on the team.
His uncle’s car is scarce so Trey must purchase the car before demand causes the price of it to rise significantly.
Answer:
The answer is: All our actions and decisions are affected by scarcity. Trey must decide what actions he needs to take to maximize his well being.
Explanation:
By definition all resources are finite, they have a limit. Even the richest corporations in the world have a certain amount of money, no one can have infinite money. No basketball team is made up of 7 billion people, someone in the world will not be able to play basketball. Time, materials, goods, services, everything is limited, so everything is scarce.
Trey´s (and everyone else´s) day is only 24 hours long, so he must decide how to divide his time to achieve the goals that maximize his happiness or well being. He must decide what is most important for him, a car or the basketball team. Time scarcity sets up a limit on the decisions we make. He must decide whether to work more to be able to buy the car, or should he stay on the team and forget about the car. Only Trey can decide based on what will make him happier.
Final answer:
Scarcity compels Trey to make choices on how to best use his limited resources of time and money, reflecting the concept of opportunity cost in economics.
Explanation:
Scarcity affects Trey by forcing him to make decisions about how to allocate his limited resources, namely time and money. In each scenario proposed, Trey faces scarcity in different forms, which affects his choices:
Time is scarce, so Trey must decide between buying a car quickly or maintaining his position on the team.Work shifts at the restaurant are scarce, prompting Trey to look for a second job to save for the car.With limited positions on the basketball team, Trey might have to leave his job to focus on practice.If his uncle's car is scarce and in demand, Trey must act fast before the price increases.The concept of opportunity cost is inherent in all these scenarios, illustrating that choosing one option often comes at the expense of another. This illustrates how scarcity leads to essential decision making in economics.
Consider the following statements:
a. Consumers buy more MP3 players from an electronics store that sells MP3 players at a lower price than other rival electronics stores in the area.
b. Schools take steps to increase security since they believe it is more costly to allow vandalism than to hire additional security guards.
c. Citrus growers produce more oranges when the selling price of oranges falls.
Which of the above statements demonstrates that economic agents respond to incentives?
Answer:
A. Consumers buy more MP3 players from an electronics store that sells MP3 players at a lower price than other rival electronics stores in the area.
Explanation:
Economic agents are known as people, company or organizations that have an influence on the economy by producing, buying, or selling. In this case the agent is the consumer and he responds to the incentive of lower prices by buying at that specific store.
What are the primary assets of credit unions?
A. Mortgages comma stocks comma bonds comma and real estate.
B. Car loans and consumer debt comma business loans comma government securities comma mortgages.
C. Consumer debt and long minus term mortgages.
D. Short minus term credit instruments such as large CDs and Treasury bills.
Answer:
The correct answer is B.
Explanation:
Savings and credit cooperatives or, simply, credit cooperatives are cooperative societies whose corporate purpose is to serve the financial needs of their members and third parties through the exercise of the activities of credit institutions.
Savings and credit cooperatives are also known for their acronym in English, SACCO: Savings and Credit Cooperative.
These cooperatives are usually local and seem to be more suited to rural areas. Above all they have access to external funds and they are properly managed. And although there is a World Council of Credit Unions (WOCCU) there are few local or rural cooperatives associated with it.
The primary assets of credit unions typically encompass a range of loans like car loans, business loans, and mortgages, along with consumer debt and government securities. They do not generally include stocks or bonds.
Explanation:The primary assets of credit unions encompass a range of financial products and services that members can use. While the holdings can vary among different credit unions, the primary assets can be noted as a combination of various loans (mortgages, car loans, business loans), and consumer debt. They also include other financial instruments such as government securities, but not typically stocks or bonds as these are generally not owned by credit unions. Hence, among the given choices, option B, 'Car loans and consumer debt, business loans, government securities, mortgages', most accurately describes the primary assets of credit unions.
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If an interviewer decides not to plan any questions in advance and directs the interview in whatever direction seems appropriate at the time, what kind of interview is he or she conducting?
Answer:
Unstructured interview.
Explanation:
Unstructured interview is an conversation between parts without an structured down-written questions or sequence. This type of interview is used to have an open conversation and evaluate, somehow, the skills that the interviewed could show.
So, with unstructured interviews you should be open to response different kinds of questions, personal and professional ones.
A student makes the following argument: "A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive market equilibrium. A price ceiling, on the other hand, increases the amount of the product that consumers buy because it keeps the price below the competitive market equilibrium." Do you agree with the student's reasoning?
Answer:
The answer is: Yes, the student is right.
Explanation:
Some industries, especially agriculture, work on some unique ways due to their complexity. For instance, the government sets the price floor and the price ceiling for the main crops produced in the country. In order to do this, the government owns and manages huge warehouses and silos.
When the production of crops is higher than usual, the price of that crop will tend to drop because of excessive supply. The government then buys the crop to put a price floor and takes the overstock to its warehouses. That enables the government to control the market so that farmers get a "fair price" for their crops. If the government didn´t do anything, farmers would lose a lot of money and their customers (agricultural corporations) would probably overstock. That at the same time would cause further problems in the future due to lower future sales because the agricultural corporations companies are overstocked.
When farmers have a bad year due to drought or flooding, their production levels will fall, so the price of the crops would rise due to excessive demand. Then the government sells the crops it had stored previously in its warehouses to put a price ceiling. If the government didn´t do this then a lot of poor people would not be able to buy enough quantities of food.
The student's argument is partially correct; price floors do reduce the quantity purchased by setting a price above market equilibrium. However, price ceilings do not increase the quantity bought; they create shortages by setting a price below equilibrium, which ultimately reduces transactions and leads to social surplus loss.
Explanation:The student's reasoning that a price floor reduces the quantity of a product that consumers buy is correct in that it sets the price above the market equilibrium, leading to potential excess supply.
However, the statement that a price ceiling increases the quantity of the product that consumers buy is not accurate. A price ceiling, by keeping the price below the market equilibrium, may increase the quantity demanded, but because it also decreases the quantity supplied, it actually leads to a shortage rather than an increase in the amount consumers can buy. The key limitation is that buyers can only purchase what is available for sale; thus, the number of transactions will fall to the quantity supplied (Qs), not the quantity demanded (Qd).
Therefore, both price ceilings and price floors tend to reduce the number of transactions in the market compared to the equilibrium level, leading to a social surplus loss. Price floors result in unsold excess supply, whereas price ceilings lead to shortages, where not everyone who wants to buy at the lower price can find a seller.
Alexis owns stock in a company which has consistently paid a growing dividend over the last 10 years. The first year Alexis owned the stock, she received $4.50 per share and in the 10th year, she received $4.92 per share. What is the growth rate of the dividends over the last 10 years?"
Answer:
growth rate is 0.9%
Explanation:
given data
time = 10 year
present value = $4.50
future value = $4.92
to find out
growth rate
solution
we will apply here future value formula that is
future value = present value × [tex](1+\frac{r}{100})^{t}[/tex] ......1
here r is growth rate and t is time
put here value in equation 1
future value = present value × [tex](1+\frac{r}{100})^{t}[/tex]
4.92 = 4.50 × [tex](1+\frac{r}{100})^{10}[/tex]
[tex](1+\frac{r}{100})[/tex] = 1.009
r = 1.009 -1
r = 0.9 %
so growth rate is 0.9%
The growth rate of the dividends over the last 10 years is approximately 0.94%.
Explanation:To find the growth rate of dividends over the last 10 years, we can use the formula for the compound annual growth rate (CAGR). CAGR is calculated by taking the nth root of the ending value divided by the starting value, where n is the number of years. In this case, the starting value is $4.50 and the ending value is $4.92. Therefore, the growth rate of the dividends over the last 10 years is approximately 1.0094, or 0.94%.
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__________ have an increasingly important role in top management because of their ability to think strategically, bringing with them to the job multi-industry backgrounds, cross-functional management expertise, analytical skills, and intuitive marketing insights.
a) Chief Marketing Officers (CMOs).
b) Chief Financial Officers (CFOs).
c) Chief Executive Officers (CEOs).
d) Chief Human Resource Officers (CHROs).
e) Chief Operating Officers (COOs)
Answer:
The correct answer is a) Chief Marketing Officers (CMOs).
Explanation:
Chief marketing Officers determine the demand for the products and services offered by a company and its competitors, and identify potential customers. They develop pricing strategies with the objective of maximizing the benefits of the company or its participation in the market, while ensuring the satisfaction of the company's customers. They monitor product development or follow trends that indicate the need for new products and services.
In companies that manufacture products or are dedicated to the provision of services, marketing directors have to decide the best way to promote themselves to increase sales. Marketing departments are often involved in different aspects of this process, from advertising market research, to public relations, events and sponsorships.
Chief Marketing Officers (CMOs) have an increasingly important role in top management due to their strategic thinking abilities and diverse backgrounds. Option a is correct.
Explanation:
The correct answer is a) Chief Marketing Officers (CMOs). Chief Marketing Officers have an increasingly important role in top management because of their strategic thinking abilities and their multi-industry backgrounds. They bring with them cross-functional management expertise, analytical skills, and intuitive marketing insights. This combination of skills and experience allows CMOs to effectively contribute to the overall business strategy and success.
Critical contributors to the broadening mission of marketers include the Internet and evolving distribution models, which are profoundly changing the way consumers research and buy products. In addition, third parties such as bloggers and the creators of user-generated media are having a greater influence on corporate reputations. Finally, marketers must help companies find and meet the unique needs of an ever more diverse and global customer base. Taken together, these forces are making companies transform not just the marketing function but also everything from corporate affairs and product development to distribution and manufacturing models.
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Bessie is at the grocery store and is trying to remember some of the things she needs to buy. She is in the cleaning products aisle looking at the floor cleaning products. She's pretty sure she has another bottle left at home, so she doesn't purchase another. Bessie's perception of her current situation regarding this product reflects her ____.
a. current state
b. desired state
c. actual state
d. self-concept
e. self-assessment
Answer: Actual state
Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.
In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.
Hence the correct option is C .
Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. marketing B. production/operations C. finance/accounting D. research and development
Answer:
financing/accounting
Explanation:
According to my research on the primary functions that all organizations perform, I can say that based on the information provided within the question the one function from the answers provided that not all organizations perform is financing/accounting. This is because most organizations outsource the financing/accounting department to other firms who specialize in this area.
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In 2013, the employee at Lighthouse Services prepared an annual report for the bank that revealed total revenue in 2012 was $6,000,000. The manager needs the information to apply for a loan to purchase new equipment to maintain the operations at the organization. The report was prepared in accordance with GAAP and the report contained information about the 2012 financial performance at the company.Which of the following describes the role of the employee at Lighthouse Services?A. Board of Director B. CFO C.CEO D.Managerial Accountant E.Financial Accountant
Answer:
The answer is E.Financial Accountant
Explanation:
A Financial Accountant acts as a consultant for senior managers and one of its functions includes the presentation of financial reports in accordance with the law. Likewise, its duties include financial planning, reporting, and controls, short and long term business strategy, cash management, internal risk management, corporate finance, and accounting.
This is why the correct option is the letter E. Financial Accountant.
Rapida Inc. and Click Inc. are two companies that have been manufacturing typewriters for almost 30 years. Due to the reduced demand for typewriters today, both companies' average return on invested capital is approximately –5 percent. The current industry average is 2 percent. In this scenario, Rapida Inc. and Click Inc. most likely have
a. competitive advantage over other firms in their industry.
b. competitive parity with each other.
c. strategic alliance with each other.
d. economies of scope instead of economies of scale.
Answer:
The answer is: B) Competitive parity with each other.
Explanation:
Rapida Inc. and Click Inc. have competitive parity with each because they are both losing money and both have the same negative rate of return.
Competitive parity happens when one company achieves standard or average results as compared to other similar company (or companies) in their industry.
There are two producers of wagon wheels that together are the exclusive providers to a large community. The executives of these companies meet to set minimum prices and production levels, thereby ensuring that they each will make a higher profit than they would in a free market. This is an example of a(n) ___________.
Answer: Oligopoly
Explanation: In simple words, oligopoly refers to a market structure in which the market is dominated by small number of large buyers. The activities of one firm in such a market affects the other participants as well. Automobile industry is one of the many examples of oligopoly.
In the given case, the two producers are willing to share the market individually so that they can enjoy better amount of profits. Also they are arranging to set prices as per each others opinions so that no one looses.
Hence from the above we can conclude that the given case illustrates oligopoly.
In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short run profits? A. The demand curve will shift to the left and became less elastic throughout the relevant range of prices. B. The demand curve will shift to the right and became more elastic throughout the relevant range of prices. C. The demand curve will shift to the left and became more elastic throughout the relevant range of prices. D. The demand curve will shift to the right and became less elastic throughout the relevant range of prices.
Answer:
The correct answer is option C.
Explanation:
Suppose a monopolistic firm is earning profits in the short run. This will attract new firms to enter the market. In the long run, new firms will enter the market. The market supply, as a result, will increase.
The individual demand for a single firm will decrease as the existing market share will now be distributed among the increased number of firms. So the market share of each firm will decline.
This decrease in demand will cause the demand curve to shift to the left. The leftward shift in the demand curve will make it more elastic than earlier.
Which of the following statements about market failure is not true: Question 14 options:
A. Market failure always results from some government action or policy in a market.
B. Market failure can come from causes on the demand-side or the supply-side of a market.
C. Market failure can result from the number of sellers in a market being too few to ensure competition.
D. Market failure causes an inefficient allocation of resources, even in a competitive market.
Answer: Option A
Explanation: Government intervention is a very rare factor leading to failure of a market to operate. Usually the market failure happens because of some differences in demand and supply in the market and the government intervenes to correct the situation.
In fact, market failures happens in free markets in which the intervention from government is very minimal.
Hence from the above we can conclude that the correct option is A.
A company is interested in producing a dinosaur game for mobile phones and tablets. It selects a representative sample of boys and girls ages 4 to 8 who currently have access to a mobile device and like dinosaurs. After interviewing the children and collecting other relevant data, the firm then makes generalizations about what all young children want in their apps. The method used is
Answer:
Statistical inference
Explanation:
Statistical inference is the estimate of the characteristics or properties of a population which is derived from the analysis of a sample( sample of boys and girls ages 4 to 8 who currently have access to a mobile device and like dinosaurs) drawn from it.