A monopolist does not face competition from other firms, the outcome in a market with a monopoly is often not in the best interest of society.
In a monopoly, there is only one vendor in the market. The monopoly situation is viewed as the complete antithesis of perfect competition in standard economic theory. Monopolies can produce significant scale economies.
A business that has the exclusive right to manufacture a specific kind of product may be able to do so in large volumes and at a reduced cost per item. That reduced pricing could be passed on to the customer, depending on the company's ethics. One strategy to monopolize the market is to use intellectual property rights, buy out the rivals, or accumulate a limited supply.
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You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads are 0: $27, 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. a. For each customer load level beginning with 1, what is your average total cost? b. For each customer load level beginning with 1, what is your marginal cost? c. If you are compensated $9 per ride, what customer load would you want?
Answer and Explanation:
a and b. The average total cost and the marginal cost is shown below:
As we know that
Average cost is
= Total cost ÷ total number of customer loads
And, the Marginal cost is
= Additional total cost incurred for extra units generated
So based on this, the marginal cost and the average total cost are as follows
Customer load level Total cost Average cost Marginal cost
0 $27
1 $30 $30 ÷ 1 = 30 30 - 27 = 3
2 $32 $32 ÷ 2 = 16 32 - 30 = 2
3 $35 $35 ÷ 3 = 11.67 35 - 32 = 3
4 $38 $38 ÷ 4 = 9.5 38 - 35 = 3
5 $42 $42 ÷ 5 = 8.4 42 - 38 = 4
6 $48 $48 ÷ 6 = 8 48 - 42 = 6
7 $57 $57 ÷ 7 = 8.14 57 - 48 = 9
8 $68 $68 ÷ 8 = 8.5 68 - 57 = 11
c. Now the customer loan you want is
As we know that
Profit = Marginal revenue - marginal cost
And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted
A child-tax credit (deduction) would
show up on which form?
A. 1040
B. 1099
C. 19
Answer:
see the answer
Explanation:
I think It is A
True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
how does cost-benefit analysis help make economic decisions?
Cost-benefit analysis (CBA) is a tool that helps make economic decisions by comparing the costs and benefits of a particular project or policy.
CBA helps to identify the net benefits of a project or policy by subtracting the costs from the benefits. This allows decision-makers to see whether the benefits of a project or policy outweigh the costs and whether it is worth investing in or implementing. By using CBA, decision-makers can make informed choices about how to allocate resources and can ensure that they are using them in the most efficient and effective way possible.
CBA is a quantitative tool that helps decision-makers to weigh the costs and benefits of different options, it also helps to identify potential trade-offs and helps to prioritize among alternative options. It is widely used by government agencies, private organizations, and international bodies to evaluate the impact of proposed projects and policies.
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incorporating the product/market expansion grid, tim hortons is considering introducing gluten-free donuts for the gluten-intolerant market which it has yet to serve. which of the following strategies is tim hortons undertaking? a. Market developmentb. Product developmentc. Market penetrationd. Diversification
Tim Hortons is undertaking Product Development, as they are introducing a new product (gluten-free donuts) into an existing market (the gluten-intolerant market) that they have yet to serve.
Product development is the process of creating and bringing a new product to market, from ideation to commercialization. It involves a series of steps and activities that include market research, concept development, design and engineering, prototyping, testing, manufacturing, and marketing.
The product development process can vary depending on the industry and the product being developed. However, in general, the process involves identifying customer needs and preferences, developing and refining product concepts, designing and engineering the product, testing and refining the prototype, and ultimately bringing the product to market.
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The minimum wage :_________.
a. can create a surplus of labor.
b. is a type of price floor.
c. is type of price ceiling.
d. both answers a and c are correct.
In summary, the minimum wage is a type of price floor that sets a minimum hourly wage rate. While it aims to protect workers, it can also have unintended consequences such as creating a surplus of labor.
The minimum wage is a type of price floor.
A price floor is a government-imposed minimum price that can be set above the equilibrium price in a market. In the case of the minimum wage, it is the minimum hourly wage rate that employers must legally pay their workers.
By setting a minimum wage, the government aims to protect workers by ensuring they receive a fair wage for their labor. This helps prevent exploitation and improves the standard of living for workers.
However, there are consequences to implementing a minimum wage. One potential consequence is that it can create a surplus of labor, as employers may be unable or unwilling to hire as many workers at the higher wage rate. This surplus of labor can lead to unemployment or underemployment.
In summary, the minimum wage is a type of price floor that sets a minimum hourly wage rate. While it aims to protect workers, it can also have unintended consequences such as creating a surplus of labor.
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NEED HELP ASAP. WILL GIVE BRAINLIEST
How do limited resources affect a nation's decision to engage in international trade?
Answer:
it affects growth and population
Explanation:
Another term for a checking account is a time deposit.
True
Or False
Answer:
False because you only go and check your account you don't deposit anything only if you want
Please Help Immediately
Calculate $1200 ÷ 250.00 = answer in weeks. Round your answer up to the nearest whole week.
Calculate $4308 ÷ 250.00 = answer in weeks. Round your answer up to the nearest whole week.
Answer: 1. $1200 ÷ 250.00 = 4.8 rounded to the nearest whole number, 5 weeks
2. $4308 ÷ 250.00 = 17.232 rounded to the nearest whole number, 17 weeks
Explain the connection of human needs and demands in the field of marketing.
Explanation:
The term "requires or need" refers to items, product or service that fulfil a particular necessity. Wants are unique orders for individual or specific things. Demands are individual commodity orders for which the customer is ready and prepared to pay. In a business industry, examples are normally very obvious. need and demand always run together.
What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative
Answer:
pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)
who is called living lion of nepal and why and when he got this title
Explanation:
Bada kaji amar singh thapa is called the living lion of nepal.
deu to his fighting prowess,greater leader ship and patriotism.
An economic result of the decrease in population as a result of the black death was.
This terrible disaster was the Black Death. Peasants' salaries did rise as a result of the plague's population decline, though. Peasants started to experience a higher standard of living and more freedom as a result.
What impact did the Black Death have on the economy?
The estimated per capita GDP dropped by 6%, from 1348 to 1349. Similarly, real wages were 9% lower and the estimated per capita GDP fell by 3.3% in 1350 in Spain, where the Black Death also made its appearance there in 1348.
What impact did the Black Death have on the populace?
Even experts who are familiar with the broad strokes find the Black Death to be a surprise. Between 30 and 50 percent of Europe's population perished in the plague. Beginning in 1348 when the plague entered London, between 75 and 200 million individuals perished over the course of a few years.
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doi-jones, d. a. (2009). a novel approach to business ethics training: improving moral reasoning in just a few weeks. journal of business ethics, ,88(2), 367-379.
In the Journal, "A Novel Approach to Business Ethics Training - Improving Moral Reasoning in Just a Few Weeks" David Allen Jones studied and examined the impact of a novel pedagogical approach on students' moral reasoning in the context of business ethics.
What were his findings?The participants, consisting of freshmen business majors, underwent five classes and two assignments focusing on ethical reasoning skills.
Using an untreated control group design, the study found that the training group exhibited higher levels of principled moral judgment after the training, even when controlling for their pre-training moral reasoning levels.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Jones, d. a. (2009). a novel approach to business ethics training: improving moral reasoning in just a few weeks. journal of business ethics, ,88(2), 367-379.
What is the main idea of the above journal?
Write a storyline in work environment that apples (3) employability skills to be a productive and positive employee.
Answer:
Storyline
Explanation:
You work in a hotel.
To be a productive and positive employee, there are a few must and must nots. Let's say that you work at the front desk. When your customer walks up to your desk, always make sure to greet them with the appropriate sayings. Ask directly what you can do to help them, and do it in a timely manner. If they are unsure or have any questions at all, make sure that they feel welcome to ask any questions.
Don't ask the customer inappropriate questions. such as;" What do you want?". Greet them nicely and treat your guests as your family.
To be a productive employee make sure you are on time as scheduled, do any assignments the day before and always show up with a smile.
PLEASE HELP (this is just to add the 20 characters so i can ask this)
The letter A is represented where the amount of $20 should be written.
The letter D is represented where the amount of $36 should be written.
The ending balance E is $154.85.
What are debit and credit?Debit entries for accounts show money moving into them, whereas credit entries indicate money moving out of them. Money is transferred from credited to debited accounts with each transaction. Credits are contrary to debits.
In a typical journal entry, all debits are reported on the top lines, followed by all credits on the line below the debits. The ability to obtain money, as well as goods or services, on credit with the assumption that payment will be made later is referred to as credit.
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Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
I have an entrepreneurship project what good invention could make that benefits Americans?
Answer:
think of a problem an everyday American citizen faces. come up with an invention to solve that.
when conducting selection interviews, philip likes to ask questions like "tell me what you know about the company" and "tell me what you like most about your current job." phillip is asking questions. open-ended closed-ended hypothetical unstructured
By asking them "tell me what you know about the company" and "tell me what you like most about your current job." Philip is asking them open -ended questions in selection interviews.
Open-ended questions are the questions in which respondent is free to answer whatever they want there is no specific answer to those questions.
Open-ended questionnaire survey are unorganized and give participants the opportunity to express their complete awareness, feelings, and comprehension in an open platform. This questionnaire does not only include a few possible solutions.
An open-ended change allowed you to dive deep into the respondent's explanations and garner crucial information regarding the subject, as compared to a closed-ended question, that also restricts and reduces completed questionnaires to the provided options. Such questions can be employed to elicit detailed and demonstrative details about a subject.
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During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *
Answer:
5/7
Explanation:
The total time will be the aggregate of commercials and game time
=35 mins + 14 mins
=49 mins
game times as a fraction of total time
=35/49
=5/7
which best deceived the nature of cause and effect in the context of the business cycle?
A. Each effect has other effects
B. Causes and effects cannot be easily defined
C. A cause has multiple independent effects
D. Each effect has a cause
HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
About which activity or aspect of the distribution function does David need more guidance?
David works as a warehouse employee for a business that manufactures kitchenware. The utensils and other items that the business manufactures are extremely delicate. Recently, David dropped some expensive glassware when he was loading the items in a truck. David’s manager has decided to provide him better guidance about an important aspect of distribution, which is BLANK.
Answer: I think it’s marketing
Explanation:
which of the following must the comptroller of public accounts do for the legislative budgeting and appropriations process?
The comptroller produces a revenue prediction and makes sure that the budget approved by the legislature is within that range.
What part in the budgeting process does the comptroller play?The Comptroller serves as the Secretary of Defense's chief fiscal and budgetary advisor on issues related to financial management, accounting policy and systems, management control systems, budget creation and implementation, contract and audit administration, and general management improvement initiatives.
A budget committee is a team within an organization that manages the distribution of financial resources for a business and distributes monies appropriately to various departments within the firm. An organization's budget handbook is created and updated by the budget committee; it contains precise procedures and standards for budgeting.
The Department of Budget and Management is responsible for overseeing public expenditure management to ensure the fair, responsible, transparent, and accountable distribution and use of public monies to enhance the standard of living for every Filipino.
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What is the craziest thing you've ever done, and would you do it again?
If you could do anything knowing you would not fail, what would you do?
If a genie granted you three wishes right now, what would you wish for?
What's your biggest regret in life?
What do you think about when you're by yourself?
Answer:
01) yh for sure I'll do it again... I always doing it like staring to stranger eyes till they getting shy
02)my exams gosh
03)having my bff again.
being a good girl
nvm nothing else
04) having a stu.pid relationship with a boy nvm
05)sensitive
When planning the project, it is important to
Besides individuals, who else pays taxes in our country?
Answer:
Aliens?
Explanation:
An apprentice involves _____
A. Hands-on experience in a skill
B. Extensive internet research
C. Classes at a vocational-technical center
D. A four-year degree
Answer:
the answer is a
Explanation:
An apprentice is someone following the in print 18 around and doing what they're doing just less important things
Answer:
a
Explanation:
took the unit test
Something is considered a business primarily based on:
Something is considered a business primarily based on:
The functions the organization performs
The size of the office and/or staff
Having a hierarchical leadership structure
The amount of profit it generates
Question at position 2
2
1 point
Question at position 2
A business is a registered company that exchanges goods or services for money
A business is a registered company that exchanges goods or services for money
True
False
Question at position 3
3
1 point
Question at position 3
The finance team is not responsible for the overall strategy and direction of the company money.
The finance team is not responsible for the overall strategy and direction of the company money.
True
False
Question at position 4
4
1 point
Question at position 4
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
Marketing
Finance
Accounting
Sales
Question at position 5
5
1 point
Question at position 5
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
marketing; accounting
human resources; finances
management; human resources
finance; accounting
When two or more parties exchange products and services without using cash, this is known as bartering. Thus, the option is false.
What are the features of barter system?A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.
A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade. It predates the creation of actual hard cash and is the world's oldest form of trade.
Because they lack the funds or credit to purchase those items, businesses may desire to trade their goods for other goods. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
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Which of the following is a TRUE statement about organizational structures for implementing business-level strategies?
a. A cost leadership strategy requires a simple structure emphasizing high specialization, centralization, and structured job roles.
b. A differentiation strategy requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions.
c. An integrated cost leadership/differentiation strategy requires a multidivisional structure using high formalization, decentralized decision making, and vertical coordination.
d. A focused strategy requires a functional structure featuring high levels of both specialization and formalization.
The correct answer is b. A differentiation strategy requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions.
Organizational structure plays a crucial role in the successful implementation of business-level strategies. Different strategies require different structures to effectively execute the plan. For instance, a cost leadership strategy focuses on cost reduction and requires a simple structure with high specialization, centralization, and structured job roles. A differentiation strategy, on the other hand, requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions. This structure enables the organization to differentiate its product from competitors through innovation, quality, and service.
An integrated cost leadership/differentiation strategy requires a multidivisional structure using high formalization, decentralized decision making, and vertical coordination. This structure allows the organization to focus on both cost reduction and differentiation, as well as manage multiple product lines. A focused strategy requires a functional structure featuring high levels of both specialization and formalization, allowing the organization to concentrate on a specific market niche.
Therefore,the correct answer is b. A differentiation strategy requires a functional structure with limited formalization, broad job descriptions, and an emphasis on the product R&D and marketing functions.
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