Considering the situation described above, the alternative view about why it may make sense to tolerate the existence of some monopoly firms is that "Monopolies do reduce consumers surplus by producing less and charging more than the outcomes that would occur in a competitive market, but at times it makes sense to sacrifice some efficiency.
This can be illustrated in a situation whereby certain goods or services may not be available except through the chance of earning monopoly profits. This occurs whereby a patent ensures there are incentives for research and development.
In some other cases, it is more ideal if good is produced by a monopolist rather than by multiple producers due to the large fixed costs in production; thereby, with more profits, the price of products would reduce in the long run.
Hence, in this case, it is concluded that there are situations whereby Monopoly is necessary to provide goods and services for the people in a society.
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Legal Application
13. Juan was vacationing at a Mexican resort when he lost a valuable necklace. He put a notice in
the local newspaper that promised a $500 reward for finding and returning the necklace.
Because Juan had to leave the resort two days later, he included his home address and phone
number. Two months later, Mia found his necklace and contacted him. Juan told her he would
give her only $300 for returning
the necklace since he had to wait so long for it. Can Juan
revoke his $500 offer for this reason? Explain your answer.
need help with this one
Juan cannot revoke his offer of $ 500 for this reason because in his ad he did not establish a time limit on finding and returning the necklace.
Juan established an offer for whoever finds his necklace with specific conditions and a retribution value of $ 500. Once a person reads the ad and looks for the necklace and finds it, it can be inferred that he accepted the agreement, so Juan cannot change his offer from $ 500 to $ 300.
If Juan had the intention of lowering the amount of compensation money for whoever found his necklace after a while, he must have expressed this in the advertisement that he published. Therefore, Juan must pay $ 500 for his necklace.
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the development of team roles arises from the ______ of the team, the organization, and the team members themselves.
Answer:Expectations
Explanation:
the statement of cash flows provides summary information about cash
Answer: inflow and outflow
Explanation: The statement of cash flows shows where cash is coming from, the inflow and where cash is going to, the outflow. It is the last financial statement to be prepared.
Hope this helps
a person who evaluates people primarily on the basis of their membership in a particular group is
Prejudiced is a person who evaluates people primarily on the basis of their membership in a particular group.
People form or develop an opinion about other persons due to them being in a group. People who engages in this act does so without tangible reason.
An example of a prejudiced person is having dislike against a particular store, not necessarily because of what they offer but personal dislike for stores.
Therefore a prejudiced is a person who evaluate people based on their membership of a particular group.
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increased visibility, tracking, traceability and higher quality are all attributes of what type of benefits for tracking items using rfid tags?
The operational benefit is benefit offered by the rfid tags because of its attributes of increasing visibility, tracking etc
Operational benefit refers to something that reduces use of manpower, improves work accuracy, reduces operational costs etc
The rfid tags are used in inventory tracking and works by using electromagnetic fields to identify and track tags attached to the products.
Therefore, the rfid tags offered the benefit known as Operational benefit because of its attribute including increased visibility, tracking, traceability, higher quality etc.
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'The failure or success of any business depends on marketing management '. Do you agree to this statement? Give your arguments.
Answer:
Yes
Explanation:
Because if the marketing managment wasn't strong the business will fail but if the marketing managment is strong preety sure it will be successful
The ___________________ is the institution designed to control the quantity of money in the economy and also to oversee the___________________
Based on macroeconomic theory and financial regulations policies, the Central Bank is the institution designed to control the quantity of money in the economy and oversee the "safety and stability of the banking system."
Central Bank is crucial in the development of the nation's financial institutions and economy.
Some other roles of the Central Bank include the following:
Serving as the bank to other types of banks in the country.Central Bank is also responsible for monetary policy formulation.It also serves as the Lender of resorts.It also manages economic fluctuations.Hence, in this case, it is concluded that Centra Bank is vital in the economic development of any nation.
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A consumer or producer who does not pay for use of a nonexclusive good but expects others to pay is known as a: Group of answer choices free rider. price setter. fringe element. None of these
The consumer or producer who enjoys the use of a nonexclusive good but expects others to pay is called A. a free-rider.
A free-rider usually expects others to bear the responsibility for their enjoyment or use of a public good. When many people become free-riders, market failure occurs, which is known as the free-rider syndrome.
This syndrome makes it impossible for public goods to be provided. To minimize this free-rider problem, the government or the entity providing the free service or goods should ensure that users pay.
Thus, the consumer or producer who uses a nonexclusive good but expects others to pay is a free-rider.
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When Grand Metropolitan, a British company, purchased U.S.-based Pillsbury Co. in order to expand its product line and the market for its existing consumer products, it was an example of a(n):
Companies do invest in foreign firms for profits. It was an example of a Foreign direct investments.
Foreign direct investments (FDI) are commonly referred to as substantial investments that company do engage into a foreign way.
It is known to be a stage of cross-border investment where investor resident in one economy set up a long interest in and a good extent of influence over an enterprise resident in another economy.
It often help the economic problems of developing countries and also boast forward internal policy reforms.
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which chart type is ideal for visualizing financial data such as a p&l?
The chart type which is ideal for visualizing financial data such as a profit and loss (P&L) is a: bar chart.
A profit and loss (P&L) statement can be defined as a financial report that provides a summarized information of the following financial data about a business firm:
Total revenues.Expenses.Profit.Loss.Hence, a profit and loss (P&L) statement gives an insight to investors on how a business firm is operating and whether or not it has the ability to generate profits at the end of a business year.
Typically, the chart type which is ideal for visualizing financial data such as a profit and loss (P&L) is a bar chart because each rectangular bar can be used to represent the finance or revenue (cash inflow) of the business firm.
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How is increasing government spending on more roads and airports a good idea/ bad idea
Answer:
Bad
Explanation:
The increased government spending may create a multiplier effect. If the government spending causes the unemployed to gain jobs then they will have more income to spend leading to a further increase in aggregate demand.
fit living has just opened a new fitness club uptown. the company wants to encourage people to try out the club for a week before signing up for membership. since the club is new in the area, the most effective way to promote the free trial is through
The most effective way to promote the free trial is through an Informative advertising.
An Informative advertising refers to an advert that is done to inform the people of the goods or services strengths rather than trying to convince customers to buy them.
The company should use the Informative advertising to encourage people to try out the club for a week because it is more factual and detailed
Therefore, the most effective way to promote the free trial is through an Informative advertising.
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An) _____ is a simple project management planning tool used to break the project plan into smaller and smaller steps.
Answer:
WBS
Explanation:
Work breakdown structure
Work breakdown structure is a simple project management planning tool used to break the project plan into smaller and smaller steps.
What is the significance of WBS?Work breakdown structure helps in developing better communication by allocating tasks to the right person when a project is divided into manageable parts. It helps to make smooth operations in task allocation.
This helps in managing schedules task that should be done in priority on the project and helps timely completion of the project. This is a simple tool for project management and planning in smaller steps.
It also helps in handling or evaluating the progress of the project based on task allocation.
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#SPJ2
When a company sets the date that the final payment is due to the bondholder, they are setting the ________ date.
The company is setting the maturity date when the final payment is due to the bondholder.
The bondholder is the owner of the debt securities which are issued by companies or governments.
The bondholders are the parties who are lending their money to the bond issuers.
So, the bondholders are entitled to periodic repayment of the bond from the bond issuers.
So, when the Final payment is due to the bondholder, the date is addressed as maturity date because that is when the bond contract lapses unless the repayment is not complete.
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roberto really enjoys mingling at work functions, both to network for new contacts and simply to share stories with other interesting people. roberto probably scores high in:
Answer:
he made the first microscope in biology
Ace Electronics bought a new cash register for $2,500. Ace originally planned to use the cash register for 4 years and then sell it for $200. After 4 years, Ace had recorded $2,300 of depreciation. If Ace continues to use the cash register, still planning to sell it eventually for $200, then Ace should record ______.\
If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation
Here, the formula to derive total value to be depreciated is Cost - Scrap Value.
Total Value to be depreciated = $2500 - $200
Total Value to be depreciated = $2,300
Therefore, the amount of $2,300 is fully depreciated.
So, the remaining $200 is the scrap value which will be realized from the sale
Hence, there will be no need to charge any further depreciation.
Therefore, If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation.
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In selecting a media vehicle, media planners need to determine the cost of the vehicle's reach. To measure this, they use a method known as ______________.
Based on the Cost Per Thousand analysis, when deciding to select a media vehicle, media planners need to determine the cost of the vehicle's reach. To measure this, they use a method known as "Cost Per 1,000."
Cost Per 1,000 is a term used in the media world, particularly social media advertisement, to describe the price of 1,000 advertisement impressions on a single web page.
Cost Per 1,000 is often called cost per thousand (CPM) or called Cost per mille.
It is measured by dividing the total cost of the advertising by the quantity of impressions and times 1000. CPM => cost ÷ impressions x 1000.
Hence, in this case, it is concluded that the correct answer is Cost Per 1,000.
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A _____ resource contains one or more identical units, each of which can be requested and used by a process on a non-shared basis.
Harry is a salesperson at Lenic Technology. When demonstrating the company's new 3D printer to a prospective buyer, Harry should:
Answer:
make sure the product being demonstrated is typical of what is being reccomended
Explanation:
timia needs some cash in a hurry. she owns her car outright and is considering a title loan. the lender has told timia that she could borrow $1750 for 1 month and the fee would be $140. what is the apr on timia’s loan? assume 12 equal months.
The annual percentage rate on Timia's loan can be calculated using the percentage interest formula. Hence, the APR on her loan is 96%
Recall :
Simple interest = principal × rate × time Principal = $1750Interest = $140Time = 1 month = 1/12 = 0.083333Plugging the values into the equation :
140 = 1750 × rate × 0.0833333
140 = 145.83333 × rate
Rate = 140 ÷ 145.83333
Rate = 0.96
He, the annual percentage rate on the loan is 96%
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Ahrens Industries purchased a new machine on October 31, 2020. A $2,400 down payment was made and three monthly installments of $7,200 each are to be made beginning on November 30, 2020. The cash price would have been $23,200. Ahrens paid no installation charges under the monthly payment plan but a $400 installation charge would have been incurred with a cash purchase. What is the amount to be capitalized as the cost of the machine on October 31, 2020
Based on the information given the amount to be capitalized as the cost of the machine on October 31, 2020 is $23,600.
Using this formula
Capitalized amount=Cash price + Installment charges
Where:
Cash price=$23,200
Installment charges=$400
Let plug in the formula
Capitalized amount=$23,200+$400
Capitalized amount=$23,600
Inconclusion the amount to be capitalized as the cost of the machine on October 31, 2020 is $23,600.
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a central bank that wants to increase the quantity of money in the economy will
If a central bank wanted to increase the amount of money in an economy, it would D. buy bonds in open market operations.
When the central bank buys bonds:
It increases money supply in the economy It does this by paying for the bonds such that money flows from the central bank into the economyBuying bonds is one of the strategies that a central bank can use when it embarks on an expansionary monetary policy to increase the amount of money in the economy and spur growth.
In conclusion, the central bank can buy bonds to increase money supply.
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In a small economy, gross investment is $1,500, consumption spending is $6,000, net investment is $200, government purchases are $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy
what climate and growing conditions do sugar beets and sugar cane require
Answer:
it requires a tropical or subtropical climate with a minimum of 600mm of annual
Explain why it is important for
entrepreneurs to talk with industry
experts when developing the new
business concepts
Explanation:
Cause they are expert in that kind of task will make thing look faster and easy to deal with while having any problems that arise on the long run of the business, experts will have a ways of making solutions to that cause they have deal with series of serious issues relating to that
Explain traditional, local and surplus production
Which result is most likely if candy, cola, and other concentrated sweets are permitted in large quantities during the growing years
Answer:
obesity
Explanation:
If both parties to a budget negotiation seek to expand the overall budget so that each party gets more, this is an example of which kind of negotiation strategy
The kind of negotiation strategy whereby both parties to a budget negotiation seek to expand the overall budget so that each party gets more is an example of integrative negotiation.
An integrative negotiation refers to a negotiation approach whereby both party reach a joint agreement through the creation of value for each party
Here, the value created is that the overall budget will be expanded so that each party gets more.Therefore, this type of negotiation strategy is known as integrative negotiation.
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Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.
According to Equal Pay Act , when making a pursuant to seniority system;
Men and women may be paid different wages.Equal Pay Act can be regarded as an act of 1938 that prohibits sex-based wage discrimination between men and women that are working in the same organization.But in a case, where seniority system applies, the payment could be different, the women could be paid different wages.Therefore, seniority system serve as an exception under the Equal Pay Act.
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Carlton Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $126,000. If the sales tax rate is 5%, what amount must be remitted to the state for February's sales taxes
Based on the information given the amount that must be remitted to the state for February's sales taxes is $6,000.
Using this formula
Remitted amount=[February Total receipts÷(1+Sales tax rate)]×Sales tax rate
Where:
February Total receipts=$126,000
Sales tax rate=5%
Let plug in the formula
Remitted amount=[$126,000÷(1+0.05)]×0.05
Remitted amount=($126,000÷1.05)×0.05
Remitted amount=$120,000×0.05
Remitted amount=$6,000
Inconclusion the amount that must be remitted to the state for February's sales taxes is $6,000.
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