Answer:
Option D.
Explanation:
A rule for maximizing utility is that if an individual wants to maximize total utility, for every dollar that is spent, he/she should spend it on the commodity that yields the greatest marginal utility per dollar of expenditure.
In the scenario presented above, we can see that the marginal utilities per dollar for both commodities that Jane consumes are equal, therefore she can neither increase or decrease spending on any particular commodity in order to increase or decrease its marginal utility, this is because she gets an equal amount of marginal utility from both commodities.
Therefore, with the same amount of money, Jane cannot increase utility.
Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash value coverage on this camera, which means his insurance company will issue him a check for ________ for his loss. A similar new camera now costs $200.
Answer:
insurance company will pay $75 to Alfred.
Explanation:
given data
Actual cost of camera = $200
Alfred cost of camera = $150
Life expectancy = 6 years
solution
we get here first Remain life of camera that is
Remain life of camera = 6 years - 3 years
Remain life of camera = 3 years
and
now we get here current cost of the camera that is
current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1
put here value and we get
Current cost of camera = $150 × [tex]\frac{3}{6}[/tex]
Current cost of camera = $75
so that insurance company will pay $75 to Alfred.
Why does the agricultural price supports are inconsistent with free-market principles?
Answer:
They allow government to influence farmers' decisions about what and how much to produce.
Explanation:
Price supports are government subsidies or price controls used to artificially raise or decrease prices on the agricultural market.
Farmers allows the government to influence their decisions about what and how much to produce, this causes inconsistency with the free market principles with the agriculture price support. This is an effective price management economic policy to ensure that farmers have sufficient opportunities and incomes to continue producing at the cost of the products they want.
Answer:
This grants the government permission to directly affect farmers' stance or decisions concerning
what to produce and how much to produce.
Explanation:
A free market is the one where willing
exchange and the laws governing supply and
demand usually provide the only base for the
economic system, excluding hhe government intervening. Considering the way the government intervenes or lallows itself with the right to agricultural matters of a country, there is likely no free-market principles enjoyed by the agricultural sector of an economy.
Natalie walks by a bakery, and her first response to the aroma coming from the store is a desire to eat something sweet and delicious. Which of the following terms refers to this instantaneous response that Natalie experienced?
A. Comprehension.
B. Perception.
C. Sensation.
D. Exposure.
E. Assimilation.
The practice whereby buyers and sellers combine their expertise and resources to create customized solutions; commit to joint planning; and share customer, competitive, and company information for their mutual benefit, and ultimately the benefit of the customer, is referred to as:
A. multichannel selling.
B. partnership selling.
C. cross-functional selling.
D. customized ordering.
Answer: Partnership selling
Explanation:
Partnership is a firm of business that occurs when two or more people pool their resources together on order to achieve a common goal.
Partnership selling focuses on the creation of a buying environment
that is based on the customer defined value. For partnership salespeople, they create a bridge between themselves and the customers which give them win-win solutions.
Which of the following is true? a. If using the double-declining-balance the total amount of depreciation expense during the life of the asset will be the highest. b. If using the units-of-production method, it is possible to depreciate more than the depreciable cost. c. If using the straight line method, the amount of depreciation expense during the first year is higher than that of the double-declining-balance. d. Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.
Answer:
d. Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.
Explanation:
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
In Accounting, regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.
However, using a particular depreciation method affects the amount of depreciation expense of an asset charged in each year.
Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation
Answer:
b) high unemployment and high deflation.
Explanation:
Keynes was an economist during the Great Depression. During the Great Depression there was;
- High unemployment
- High deflation.
John Maynard Keynes who was born on the 5th of June 1883, was a British economist.
During the Great Depression, John Maynard Keynes promoted expansionary actions to encourage economic recovery.
Keynes was an economist during the Great Depression. During the Great Depression there was:_________
a) low unemployment and high inflation.
b) high unemployment and high deflation.<===== The answer
c) low unemployment and low inflation.
d) high unemployment and low inflation.
e) high unemployment and high inflation
Which of the following is true about an economy’s self-correcting tendency? An economy’s self-correcting tendency always makes active use of stabilization policy unnecessary. The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful. The self-correcting tendency usually operates faster during deeper and more severe recessions. The absence of long-term contracts will make self-correction work slower in an economy.
Answer:
The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful.
Explanation: Self correcting tendency is a term used to describe the various processes and steps which an economy undergoes as it adjusts itself in order to ensure to start a growth trajectory or sustain a growth path.
The slower the process the better for the economy, as the stabilization process Continue gradually,it will be easy for it to stabilise that growth path and improve along with little adverse impacts of Economic threats.
Which transportation method is this?
Limestone from the upper Great Lakes area to steel mills in Chicago.
A. Pipeline
B. Railroad
C. Waterway
D. Motor
E. Air
Answer:
C. Waterway
Explanation:
The waterway is the mode of transportation used to transport goods over the water bodies across the globe to make transport convenient for covering a large distance. It is also considered a cheaper source of transportation in case heavier goods to transport to far distance. There are many water transport is used like; Ships, ferries, tug boats, sailboats, etc. and it travel over various bodies of water such as oceans, lake, canals, and rivers.
In the given case, Limestone is transported to Chicago's steel mills through upper great lakes.
In the _____ phase of the decision-making process, the objective is to define criteria for the decision, generate alternatives for meeting the criteria, and define associations between the criteria and the alternatives.
The development phase of the decision-making process involves defining the criteria for the decision, generating alternatives, and defining associations between the criteria and the alternatives.
Explanation:In the development phase of the decision-making process, the objective is to define criteria for the decision, generate alternatives for meeting the criteria, and define associations between the criteria and the alternatives. At this stage, various options are explored and weighed based on the predefined criteria, which could include factors such as cost, feasibility, and potential impact. The goal is to create a comprehensive list of potential solutions or strategies that can then be further analyzed and evaluated in subsequent stages of the decision-making process.
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Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buying these products in amounts such that the marginal utilities from the last units purchased of the two products are 80 and 70 utils, respectively.Is she buying the utility-maximizing combination of bread and milk? If not, how should she reallocate her expenditures between the two goods?
Answer:
See answer below.
Explanation:
The maximum utility theory states that more money should be allocated to resources that offer the highest utility per dollar spent.
In order to solve this question, we will calculate the utility per dollar as follows;
Utility per dollar = marginal utility / price
For bread:
Utility per dollar = 80/1 = 80
For milk:
Utility per dollar = 70/0.8 = 87.5
From the calculations above, we can see that more utility is gotten from the purchase of milk.
Therefore she is not buying the utility-maximizing combination of bread and milk, and more money should be spent on the purchase of milk.
Macy Corporation's relevant range of activity is 5100 units to 11,500 units. When it produces and sells 8300 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.00 Direct labor $ 3.45 Variable manufacturing overhead $ 1.45 Fixed manufacturing overhead $ 3.80 Fixed selling expense $ 1.40 Fixed administrative expense $ 0.95 Sales commissions $ 1.35 Variable administrative expense $ 0.85 If the selling price is $27.00 per unit, the contribution margin per unit sold is closest to:
Answer:
Contribution margin per unit= $14.9
Explanation:
Giving the following information:
Variable costs:
Direct materials= $5
Direct labor= $3.45
Variable manufacturing overhead= $1.45
Sales commissions= $1.35
Variable administrative expense= $0.85
Total variable cost= $12.1
The selling price is $27.00 per unit
The contribution margin is the result of deducting from the selling price all the unitary variable costs.
Contribution margin per unit= 27 - 12.1
Contribution margin per unit= $14.9
Final answer:
The contribution margin per unit can be found by subtracting the total variable costs per unit from the selling price per unit.
Explanation:
Contribution Margin is calculated as the difference between the selling price per unit and the variable costs per unit. In this case, the selling price per unit is $27.00, and the total variable costs per unit sum up to $13.85 ($5.00 + $3.45 + $1.45 + $0.85 + $1.10 = $13.85). Therefore, the contribution margin per unit sold is $27.00 - $13.85 = $13.15.
Fundamental areas of management in supply chain operations management include:____________
1. Quality, Inventories, and Processes.
2. People, Equipment, and Money.
3. Markets, Processes, and Sales.
4. Lean Systems, Quality, and Flexibility.
Answer:
1. Quality, Inventories, and Processes.
Explanation:
In a cost reconciliation schedule, costs accounted for is computed by adding the cost of the beginning work in process and the cost of units transferred out. ending work in process and the cost of units started into production. beginning work in process and the cost of ending work in process. ending work in process and the cost of units transferred out.
Answer:
ending work in process and the cost of units transferred out.
Explanation:
In a cost reconciliation schedule, costs accounted for is computed by adding the cost of the ending work in process and the cost of units transferred out.
The cost reconciliation schedule gives the relationship between total costs accounted for and total costs to be accounted for.
When the total costs accounted for equal the total costs to be accounted for, this is a cost reconciliation schedule.
Janice works as a consultant for a tech company. In the past, the company has relied heavily on its toll-free line to sell new products, as well as its numerous distribution channels. When customers are polled via a customer satisfaction survey, 93 percent of them report that one of the primary reasons they have continued to support the company is because of its quality customer service. Janice has been asked to brainstorm strategies to increase company sales. She suggests that the company employs automatic merchandising to cut costs and boost profits. Why might automatic merchandising be a bad idea for thsi company?
A. Distribution for automatic mercahndising is limited.
B. Automatic merchandising is archaic.
C. Automatic merchandising sales are impersonal.
D. It is too costly to maintain automatic merchandising around the clock.
E. It is difficult to develop effective marketing strategies for automatic merchandising.
Answer:
Option C.
Explanation:
Automatic Merchandising refers to the way in which the selling of merchandise is carried out through the use of vending machines.
Automatic Merchandising can also referred to as automatic selling and it saves the company from incurring cost of labor, involving a third party directly and so on.
However, this method might be the wrong strategy to be used in the company Janice works for. This is due to the fact that the company's customers are still loyal to the company because of the quality customer service. The quality customer service that the company offers will therefore, cease to exist if the company switched to Automatic Merchandising, because sales through this method are impersonal.
Answer:
C) Automatic merchandising sales are impersonal.
Explanation:
Since 93% of the company's customers state that they value the high quality of the firm's customer service system, if you eliminate it, many of them might feel that the company does not care about them and that the whole company's quality is decreasing. A large portion of the company's sales are made through a toll free number and replacing a human salesperson with a machine is not always the best idea.
Many times it depends on what type of products you sell and who is your target market. Some products do not need a lot of explaining, but others do. By eliminating customer service and replacing it with an automated service, you might save money but it will negatively affect the whole company.
Which statement is correct as it relates to budgetary control? Budget reports are used to compare estimated results with budgeted results. Planned objectives lose value when monitored. Budget reports are prepared either annually or quarterly. Budgets contribute to the control of operations.
Answer:
Budgets contribute to the control of operations.
Explanation:
Working with a fixed budget gives one primary control of a targeted operation. A budget enables one work effectively with the necessary labor required, equipment, outsourced tasks, production schedule etc. Without a planned budget, an operations lifespan becomes uncertain which is not good.
What are the Countries in stage 2 of the demographic transition model
Answer:
there are a number of countries that remain in Stage 2 of the Demographic Transitionfor a variety of social and economic reasons, including much of Sub-Saharan Africa, Guatemala, Nauru, Palestine, Yemen and Afghanistan.
C) Nigeria is most likely to be in Stage 2 of the demographic transition model.
Let's analyze the given options:
A) Japan - Japan is actually in Stage 5 of the DTM. It has very low birth rates and an aging population, with population decline being a significant issue.
B) United States - The United States is in Stage 4 of the DTM. It has low but stable birth and death rates, and its population grows slowly mainly due to immigration.
C) Nigeria - Nigeria is a developing country with a high birth rate and declining death rate, making it most likely to be in Stage 2 of the DTM. Much of Sub-Saharan Africa, including Nigeria, fits this description.
D) Germany - Germany is in Stage 5 of the DTM. Similar to Japan, it experiences low birth rates and an aging population, resulting in population decline.
Complete question-
Which of the following countries is most likely to be in Stage 2 of the demographic transition model?
A) Japan
B) United States
C) Nigeria
D) Germany
Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. As a result, Bank A finds itself with $1,000 in excess reserves that it lends out and those funds end up in Bank B. What dollar value goes in banks (A) and (B), respectively?.
Answer:
$100 in bank A
$900 in bank B
Explanation:
Since the required reserve ratio is 10%, then bank A can lend up to 90% of the funds to bank B, and must keep the remaining 10%.
bank A = $1,000 x 10% = $100bank B = $1,000 x 90% = $900If bank B borrowed the money to another client, then they would be able to borrow $900 x 90% = $810, and they should keep $90 as reserves.
Put the Procurement to Payment process steps in order of occurence: 1.Vendor Payment 2. Create and send Purchase Order to vendor 3.Create purchase requisition 4.Vendor Selection 5.Shipment ot item ordered from vendor 6.Invoice receipt 7.Goods Receipt
Answer:
The correct sequence is as follows;
3.Create purchase requisition - 4.Vendor Selection - 2. Create and send Purchase Order to vendor - 5.Shipment of item ordered from vendor - 7.Goods Receipt - 6.Invoice receipt - 1.Vendor Payment
Explanation:
In making a requisition, the first step is to create the purchase requisition. This then drives or informs the selection of a vendor.
Then, the purchase order is created and sent to the vendor. The vendor ships based on the purchase order, the goods are received and acknowledged.
The seller sends the invoice which informs the amount to be paid.
Don has an employment contract with Dunkirk Ice Cream. He sells ice cream and novelty ice cream products. He has nine children and doesn't make enough money, so he decides to see if another dairy will hire him, too. "After all," he reasons, "most stores carry four or five different brands." His employment contract prohibits him from competing. If Don sells for another dairy in addition to Dunkirk, will he be in trouble under his contract
A) No, it is unenforceable as against public policy.B) Yes, it is likely to be enforceable during employment.C) No, the prohibition against competing is enforceable only after he quits Dunkirk.D) A court would have to rule on the enforceability of the covenant not to compete since courts are reluctant to enforce such covenants during a period of employment.
Answer:
The answer is option B) Yes, it is likely to be enforceable during employment
Explanation:
If Don sells for another dairy in addition to Dunkirk, will he be in trouble under his contract which clearly prohibits him from competing.
This clause in an employment contract is called the Non complete clause.
A non-compete agreement is a contract between an employee and employer that prohibits him from engaging in a business that competes with his/her current employer's business.
During the employment process, if you refuse to sign a non-compete, they choose not to hire you.
Most non-compete agreement is not voided if you resign or are fired. If you violate an enforceable non-compete, you could be sued for any actual losses suffered by your ex-employer.
As the winter holiday season was approaching, Margie decided to give each team a window display or an indoor display to decorate. She gave minimal instructions about how to do the displays but was firm on the deadline and also explained that it was not a competition. Margie really wanted the different teams throughout the store to have fun and get in the spirit. Margie was trying to instill:
a.competence.
b.relatedness.
c.responsibility.
d.autonomy.
e.relationships.
Answer:
The answer is autonomy (Option D)
Explanation:
Autonomy in human resource management refers to the level or degree of discretion and freedom which an employee is permitted to exercise when performing his/her job. In other words, it means granting employees the freedom on how to approach work.
A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.
If quick response allows multiple orders in the season:___________.
1. profits increase and the overstock quantity decreases.
2. profits decrease and the overstock quantity increases.
3. profits decrease and the overstock quantity decreases.
4. profits increase and the overstock quantity increases
Answer:
1. profits increase and the overstock quantity decreases.
Explanation:
Quick response entails frequent requisites in smaller batches. Frequently increases profits and Smaller batches decreases overstock quantity.Thus, profits increase and the overstock quantity decreases.
Final answer:
Quick response systems in business operations tend to increase profits by reducing excess inventory and associated costs, leading to optimal stock levels that match customer demand.
Explanation:
If quick response allows multiple orders in the season, the most likely outcome would be that 1. profits increase and the overstock quantity decreases. Quick response systems allow businesses to react swiftly to changes in demand, replenish stocks based on actual sales data, and reduce lead times. This ability to rapidly adjust inventory levels to meet actual customer demand typically leads to a reduction in excess inventory and related holding costs, thus improving profitability while lowering the risk of overstocking.
In terms of supply and demand, when a company efficiently manages its inventory with a quick response approach, the supply chain becomes more dynamic and responsive. It aligns more closely with the shifts in market demand. The supply does not drastically exceed demand which would otherwise decrease the equilibrium price and leave a surplus (overstock).
How large of a sample size would you need to estimate a population proportion if you wanted to construct a 95% confidence interval
Answer:
Explanation:
To find a 95% CI with a margin of error no more than ±3.5 percentage points, where the true population proportion is around 42%, you must survey at least 764 people. 10×764 = 7640; presumably the electorate is larger than that.
Which of the following are advantages and characteristics of hot working relative to cold working (three correct answers):
a. Fracture of workpart is less likely
b. Friction is reduced
c. Increased strength properties
d. Less overall energy is required
e. Lower deformation forces are required F. More significant shape changes are possible
Answer:
(a), (e), (f)
Explanation:
A)Fracture of workpart is less likely
E) Lower deformation forces are required F). More significant shape changes are possible
The static budget, at the beginning of the month, for Divine Décor Company, follows: Static budget: Sales volume: 1 comma 200 units; Sales price: $ 70 per unit Variable costs: $ 32 per unit; Fixed costs: $ 38 comma 000 per month Operating income: $ 7 comma 600 Actual results, at the end of the month, follows: Actual results: Sales volume: 990 units; Sales price: $ 75 per unit Variable costs: $ 35 per unit; Fixed costs: $ 34 comma 700 per month Operating income: $ 4 comma 900 Calculate the flexible budget variance for sales revenue.
Final answer:
The flexible budget variance for sales revenue is calculated by subtracting the flexible budget sales revenue from the actual sales revenue. In this case, it results in a favorable variance of $4,950, showing that Divine Décor Company's actual sales revenue was higher than what the flexible budget predicted for the given volume.
Explanation:
To calculate the flexible budget variance for sales revenue, we need to compare the actual revenue to what the revenue would have been if the static budget were adjusted to the actual sales volume. The static budget had predicted sales of $84,000 (1,200 units × $70 per unit). However, the actual results show that the Divine Décor Company sold 990 units at $75 per unit, totaling $74,250.
The flexible budget amount for sales revenue would take the actual quantity of units sold and multiply it by the static budget's sales price per unit, which gives us 990 units × $70 per unit = $69,300. The flexible budget variance is the difference between the actual sales revenue and the flexible budget sales revenue. So, the flexible budget variance for sales revenue is $74,250 (actual) - $69,300 (flexible budget) = $4,950 favorable, since the actual revenue exceeded the flexible budget amount.
"Steven, age 43, earns $80,000 annually; and his wage replacement ratio has been determined to be 80%. He expects inflation will average 3% for his entire life expectancy. He expects to work until 68, and live until 90. He anticipates an 8% return on his investments. Additionally, Social Security Administration has notified him that his annual retirement benefit, in today s dollars will be $26,000. Using the purchasing power preservation model, calculate how much capital Steven needs, in order to retire at 68. "
Answer:
Explanation:
Savings Per Month- 80% of $80,000 = $ 64,000.
Future value for the Yearly saving of $64,000 and Social security of $26,000 for balance years of 25 (68-43)
Future Value= Present value (1+rate of interest)n
Future Value =64,000(1+0.03)∧25= 134,001.7875
Future value= $26,000(1+0.03)∧25- 54,438.22617
Difference= 1,340,001.7875 - 54,438.22617 = $79,563.56133
present value of a number of cash flows for 22 years after his retirement i.e. 90-68.. The Net rate is 5% i.e. (8%-5%)
Present Value= C 1−(1+r)−n r
=$79,563.56 (1−(1+.05)−22 0.05
Present value =$1,047,295.35
So he needs capital of $ 1,047,295.35 in order to retire at 68
Select the sentence that is completely correct. Most American cars are delivered fob Detroit; however, imports are not. Most American cars are delivered f.o.b. Detroit; however, imports are not. Most American cars are delivered fob Detroit, however imports are not.
Answer:
Most American cars are delivered f.o.b. Detroit; however, imports are not.
Explanation:
The completely correct sentence is;
Most American cars are delivered f.o.b. Detroit; however, imports are not.
Fob is an acronym for free on board, hence it should have "dots" in between.
Semicolon indicates a pause or that an explanation continues, as it joins two (2) independent clauses.
The correct sentence is: "Most American cars are delivered f.o.b. Detroit; however, imports are not." This sentence is grammatically accurate, uses the correct format for the abbreviation "f.o.b.", and appropriately separates clauses with a semicolon.
Explanation:The sentence that is completely correct according to English grammar and punctuation rules is: "Most American cars are delivered f.o.b. Detroit; however, imports are not." The term "f.o.b." is an abbreviation for "free on board," a term in international commerce that means the seller has delivered the goods when those goods pass the ship's rail at the named port of shipment. Adding periods after each letter in an abbreviation and separating independent clauses with a semicolon are both correct English writing conventions.
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The interaction between information systems and organizations is:_____________
1. primarily guided by the decision making of middle- and senior-managers.
2. a complex, two-way relationship mediated by factors such as the environment and organizational structure.
3. is driven by the microeconomic forces of capital and labor.
4. successfully managed when the organization's existing culture and goals are seen as the driving force.
Answer:
The correct answer is 2
Explanation:
Information system is the system which aims to support the operations, decision making and management of the organization. The system of organization is created or established in order to process, store, collect as well as distribute the information.
Organizations are those who uses the information system.
So, the interaction among the organizations and information system is the complex procedure, involve two way relationship which is mediated through factors like the structure of organization and environment.
Final answer:
The interaction between information systems and organizations is complex and mediated by numerous factors, including organizational structure and external environment, with the decision-making process playing a critical role.
Explanation:
The interaction between information systems and organizations is a complex, two-way relationship mediated by factors such as the environment and organizational structure. It includes human software interactions in complex automated systems, especially the decision-making processes of workers as they are supported by the software system. This interplay is not solely guided by the decision-making of middle- and senior-managers, nor is it driven purely by microeconomic forces of capital and labor. Furthermore, though the existing culture and goals of an organization are important, they are not the only driving force behind the successful management of this interaction. The world of making decisions and processing in economics is heavily influenced by how well and how fast information disseminates through a society, resembling the deep and liquid markets operating under conditions of perfect information.
The NEC® arose as a consensus of more than 1200 individuals primarily to ____.
a.standardize price
b.schedules combat a growing
c.epidemic of electrical fires
d.standardize equipment use as a marketing tool
NEC arose to:
d.standardize equipment use as a marketing tool
Explanation:
NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.
It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.
It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.
Their impact on the whole industry has been immense.
The NEC® was developed to address safety concerns, specifically to prevent electrical fires, by establishing a set of widely recognized electrical standards, correct answer is option c.
The NEC® (National Electrical Code) arose as a consensus of more than 1200 individuals primarily to combat a growing epidemic of electrical fires.
The NEC®'s principal aim is to set standards for safe electrical installation and maintenance to protect people and property from hazards arising from the use of electricity.
Alongside safety, the NEC® also plays a role in ensuring energy efficiency and reliability, reflecting changes in equipment use patterns and promoting efficiency standards, much like the CEC's efforts in regulating appliance efficiency and transforming utilities' approach to energy sales and consumption.
In an oligopoly market Group of answer choices individual firms pay no attention to the behavior of other firms. advertising of one firm has no effect on all other firms. one firm's pricing decision affects all the other firms. the pricing decisions of all other firms have no effect on an individual firm.
Answer:
Option C
One firm's pricing decision affects all the other firms
Explanation:
An oligopoly is a market structure where the production of goods and services is shared by only a small number of large firms. A good example is the automobile industry in America
In an oligopoly, the leading firms are actually producing to a certain extent, substitute goods, since they are all within the same industry.
If one of the large firms sets a price, this will affect the pricing that the other large firms will adopt because of the substitutive nature of their goods and services. Businesses operating within an oligopoly want to keep their prices similar. Price reductions by a company will cause the other companies to reduce their prices also, to ensure they are still in the competition.
Hence,a firm's pricing decision affects all the other firms
Let’s say your friend wants to invest all of her saved money into ONE individual stock. Is this a good idea? Why or why not?
This is not a good idea as stocks are volatile.
Explanation:
One must never invest a lot of money in only one stock as the stocks are wont to change over time and gain or lose value.
If one wants a long term investment with at least some amount of safety they must be investing in stocks that grow consistently and then to break up the capital in small chunks and then invest them.
All of these can be invested in different shares in the market and then the shares would be more safe.
Even if one or two shares fall the others will be safe.