which of the following is an example of a barrier to entry? (i) a key resource is owned by a single firm. (ii) the costs of production make a single producer more efficient than a large number of producers. (iii) the government has given the existing monopolist the exclusive right to produce the good.
Answers
A barrier to entrance can be the fact that the government has granted the current monopolist the sole authority to manufacture the good and that one company controls a crucial resource.
What does an economic monopolist do?A business with a monopoly has many buyers but only one seller. Any individual seller or buyer can affect the cost of a commodity in a competition that is fully efficient and has a significant number of vendors and buyers.
How does a monopolist generate revenue?By combining marginal cost with contribution margin in a monopolistic competition market and resolving for the cost of a single good and the necessary production volume, a firm can maximise its overall profit. Monopoly power comes from scale economies and regional advantages.
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Related Questions
As the manager of a successful accounting firm, you know that from January to April, your employees often feel great amounts of stress. One of your employees, Syddarth, returned from lunch 30 minutes late and it appeared to you that he had been crying. It is important in this situation that you ________.
Answers
Answer:
Talk to him or give him a holiday for the rest of the day
As a manager, it is your duty to assure Syddarth that you understand how he is feeling and that things are stressful.
What is organizational stress?Organizational strain outcomes while a character must cope with demands, responsibilities, and targets which are beyond their abilities or process requirements.
Hence, in this given situation, As a manager, it is your duty to assure Syddarth that you understand how he is feeling and that things are stressful.
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name two of accounts used in commercial banks
Answers
Saving account
Which of the following accounts would not
use T-Accounts?
A. Shareholder's Capital
B. Cash
C. Dividends Payable
D. None of the Above
Answers
I believe the answer is c.
Explanation:
I did some research
A transportation problem with 3 sources and 4 destinations will have 7 variables in the objective function. True False
Answers
False. A transportation problem with 3 sources and 4 destinations will not have 7 variables in the objective function.
In a transportation problem, the objective function represents the total cost or total profit associated with transporting goods from sources to destinations. The number of variables in the objective function depends on the number of sources and destinations involved in the problem.
For a transportation problem with 3 sources and 4 destinations, the objective function will have a total of 12 variables, not 7. Each variable represents the quantity of goods transported from a specific source to a specific destination. In this case, there will be 3 sources, and for each source, there will be 4 variables corresponding to the 4 destinations.
The objective function will be formulated by summing up the costs or profits associated with each variable, considering factors such as transportation costs, supply and demand quantities, and other relevant parameters.
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What is a business opportunity?
Answers
Answer:
a packaged business investment that allows the buyer to begin a business.
Explanation:
A common practice among advertisers is to create new relationships between objects and interpretants by inventing new connections between products and benefits. A classic example of this was equating Marlboro cigarettes with the American frontier spirit. Which of the following terms best describes this practice?A) subliminal persuasionB) figure ground projectionC) semiotic relationshipsD) consumer-modeling connections
Answers
A common practice among advertisers is to create new relationships between objects and interpretants by inventing new connections between products and benefits is C) semiotic relationships
Semiotic relationships are defined as the relationships between two items where one represents the other. Semiotic relationship is the connection that results between the sign and its referent. It is the connection between two objects or things, where one stands for or represents the other, in a system of signs.
n semiotic relationships, the first object is known as the signifier, and the second object is called the signified. The signifier, which is the object that is doing the signifying, communicates some meaning or idea, while the signified, the object being signified, is the idea or concept being communicated. In a semiotic relationship, the two objects are dependent on each other. For example, words are the signifier in written language, while the ideas they express are the signified.
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During the economic periods of ____ , the economy is at its highest point and unemployment is low, in addition, total income is high and consumers are willing to buy products and services.
Answers
Answer:
Prosperity.
Explanation:
This can be tagged to be an economic period or stage in fluctuation, contraction and other factors affect the growth of a business or a certain economy. Example can be seen when your business generally follows the same economic cycle as the others does in the economy, then warning signs of an impending recession suggest that it is not a good time for you to broaden or create new growth grounds. This cycle help a business organisation protect against downturns, and position themselves to gain maximum merits of economic expansions.
on august 3, cinco construction purchased special-purpose equipment at a cost of $1,000,000. the useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000. a. compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. c. which of these two depreciation methods (straight-line or double-declining-balance) results in the highest net income for financial reporting purposes during the first two years of the equipment’s use?
Answers
The straight-line method of depreciation is the one in which depreciation is calculated based on the fixed asset's purchase price. Every year, the cost of depreciation stays the same. Depreciation is also affected by salvage value.
In the first two years after purchasing the asset, the straight-line method will result in the highest net income. because the double declining method's initial years of asset depreciation are significantly higher than those of the straight-line method.
How is straight-line depreciation calculated?Straight-line depreciation is calculated using the following formula: Straight-line depreciation equals the asset's cost divided by its estimated salvage value divided by its estimated useful life. Where: The asset's initial purchase or construction cost, as well as any associated capital expenditure, is the asset's Cost of Asset.
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when home depot entered the quebec market in canada, two percent of people were aware of the retail chain. to determine advertising effectiveness during the first 18 months in quebec, awareness research was done a second time. for this research, it was decided that if at least 50 percent of a 600-person sample of the population were aware of the home depot brand, it would continue its present advertising program. here, level of awareness is an example of multiple choice a measure of success. secondary data. a constraint. a barrier to entry. an assumption.
Answers
Only 2% of people in Quebec, Canada, were aware of Home Depot when it first entered the market. The results of a second round of awareness study were used to assess the effectiveness of advertising in Quebec during the first 18 months. For the purposes of this study, it was decided that the Home Depot brand would continue its current advertising program if at least 50% of a 600-person sample of the population were aware of it. This is an illustration of a success indicator.
The answer is measure of success.
The components that make up the criteria that can be used to b whether or not it is worthwhile to invest time and effort in a project are referred to as the measure of success, in plain English. A few of the numerous examples of the variables that make up a success metric are contentment, income, and position.
The business in the example needed to assess whether its marketing efforts were yielding any benefits, so it created a quantitative criterion to gauge its effectiveness.
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Question 1 of 10
A command economy is best described as an economy that:
A. gives people jobs based on their family history and role in the
community
B. gives businesses complete freedom to produce and sell what they
wana
C. gives both businesses and the government a role in economic
decisions.
D. gives the government complete control over production and
prices.
Answers
Explanation it’s B
Which of the following types of work would a company be most likely to preform through outsourcing?
A) Long- term work that requires close supervision
B) A consistent, predictable amount of work
C) Important tasks that the company wants control over
D) Specialized work that doesn’t require much supervision
Answers
Answer:
The answer is D.
Explanation:
Got it right on edg
The following types of work would a company be most likely to preform through outsourcing: Specialized work that doesn’t require much supervision. Thus option (D) is correct.
What is a company?A company is a legal entity formed by a group of people, known as shareholders, to conduct business. It is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own property in its own name.
The primary goal of a company is to generate profits for its owners, but it can also have other objectives such as providing goods and services to customers, creating jobs, and contributing to the community.
The specialized work that doesn’t require much supervision would a company be most likely to preform through outsourcing. Therefore, option (D) is correct.
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Identify the method of online advertising based on the given scenario. Zara wants to promote her handmade jewelry business by writing about it in her online blog. She wants more and more people to visit her blog and boost her business. In every blog post, Zara inputs a few key words used by people when making searches online. She wants her blog to appear above other websites in search engine results. Zara is employing the______ method of online advertising.
Answers
Answer:
Search Engine Optimization (SEO)
Explanation:
I got this on PLATO it could be wrong as i'm still taking the test but this is the most logical answer when I looked at the different types, this one includes using keywords in her blog to get the search engine to pick up on those words if that makes sense.
Edit: Took the test and that answer is correct on PLATO (make sure you use CAPS Search Engine Optimization)
Your merchant fee is 2.5%. Your
customers paid you $500,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]
Answers
500k times .025 is 12500
The fee must you pay the credit card company is $12,500.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
When a consumer uses their credit or debit cards to purchase goods or services from a business, the merchant's bank balance must pay transaction fees called merchant fees.
The calculation for merchant fees is
The merchant fee will be 2.5% of $500,000
=2.5/100 x $500,000
=0.025 x $500,000
=$12,500
Therefore, the amount paid as a fee will be $12,500.
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Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
Answers
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
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If you buy an investment for $800 and then sell it for
$950 a year later, what is your annual return on investment (percentage)?
Answers
Answer: 18.75%
Explanation:
Since the investment is bought for $800 and then sold for $950 a year later, then the annual return on investment will be:
= (Selling price - Cost price) / Cost price × 100
= ($950 - $800)/$800 × 100
= $150/$800 × 100
= 18.75%
What is the difference between a debit card and a cash card? A. A debit card is less secure than a cash card.  B. A cash card can only be used in certain stores.  C. A cash card is not tied to a bank account.  D. A debit card carries no spending limits.
Answers
Answer:
C. A cash card is not tied to a bank account.
Explanation:
The difference between the debit cash and a card is that a cash card is not tied to a bank account.
What is a cash card?A cash card is a term for the payment that stores the cash, gift, and prepaid debts. The credit card is not consider to be a cash card and the is a conviennet way of the shareholders to make electronic payments.
The square cash card offers an app for making cash card payments. It allows the users to make transactions through the user's account and is unique to Sutton bank.
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skypie is a mom and pop bakery in detroit. it costs them $2.48 to make a single rhubarb pie. they sell the pies for $7.89 each. what percent of the price of a pie does the cost represent?
Answers
The cost represents 31.5% of the price of a pie.
The percent of the price of a pie that the cost represents can be calculated by taking the cost of the pie ($2.48) and dividing it by the selling price of the pie ($7.89). Then, multiply that number by 100 to express it as a percentage. In this case, the cost of the pie represents 31.36% of the selling price.
It's important for businesses to understand the cost of their products in relation to the price they are charging in order to ensure profitability and make informed pricing decisions. Additionally, understanding the cost-to-price ratio can also help with budgeting and cost management. In the case of Skypie Bakery, they have a 68.64% profit margin on their rhubarb pies. This means that they make a profit of $5.41 on each pie they sell.
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Who is Patrick Jorgenson? What does he do for a living?
Answers
Answer:
I think you mean Patrick Jørgensen
Explanation:
He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry
The steps used by businesses to develop a customer profile survey include___.
O market research
O surveys
O marketing mix
O individualize
Answers
Answer:
A,B, D:
Market Research
Surveys
Individualize
I just got a 100 on this quiz
The steps used by businesses to develop a customer profile survey include surveys.
What are Surveys?In order to gather information about a service, product, or process, a survey is described as the act of looking at a process or questioning a predetermined sample of people.
Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge.
Further Surveys provide a rich collected data or learning ability more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys may have narrow, specialized objectives or they may have more general, extensive objectives.
Therefore for business to develop customer profile survey they start with market survey & make results out of it.
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If policymakers are concerned about the unequal distribution of income within society, then they should prefer a ________ tax system.
Answers
Answer:
Progressive income
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
There are three (3) types of taxation used by the government, these are;
1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.
For instance, John pays 30% on $70,000 and Joyce pays 10% on $45.000.
2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.
For instance, John pays 20% on $50,000 and Joyce pays 20% on $36,000.
3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.
For instance, John pays 15% on $60,000 and Joyce pays 20% on $36,000.
Hence, if policymakers are concerned about the unequal distribution of income among employees or workers within their society, then they should prefer a progressive income tax system.
so whos gonna help me with my family and consumer science finals :/
Answers
Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.
Answers
Answer is in a photo. I can only upload it to a file hosting service. link below!
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Income tax is a type of _____ tax.
A.progressive
B.regressive
C.digressive
D.permissive
Answers
Income tax is a type of progressive tax .
What does "progressive tax" mean?
Progressive taxation is a type of taxation where the taxing body imposes higher rates of taxation as the taxpayer's income rises. Taxes are collected in varying amounts depending on the taxpayer's income, with larger taxes being collected from those making more money than those making less. The tax system used by the government is progressive.
What do regressive and progressive taxes mean?
A regressive tax is one in which the relative burden increases less than proportionately to the increase in income, whereas a progressive tax increases more than proportionally to the growth in income.
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The most common time frame individuals use when developing a budget is _____. A) Yearly B) Monthly C) Daily D) Weeklyeco
Answers
Answer:
Monthly
Explanation:
What are the three basic levels of food service employees?
A
Beginning, intermediate, and advanced
B
Entry, skilled, and supervisory
с
Novice, trainee, and professional
D
Assistant, apprentice, and master
Answers
Answer:
entry,skilled, and supervisory
Explanation:
these job categories are entry level
The three basic levels of food service employees are: B
Entry, skilled, and supervisory.
The Entry-level is the lowest level, requiring no little education or training. Those at this level mainly engage in serving the customers, cleaning dishes, and undertaking some other menial jobs within the food-service chain.
Above the entry-level is the skilled-level. Skilled-level employees include chefs, bakers, and other culinary specialists, who require some years of training and education to be certified as qualified professionals.
The last in the basic level of food service employees are those who supervise both the entry-level and skilled-level personnel. At this level, supervisors require managerial attributes, soft skills, and leadership to maintain the relationships between the lower-level employees and the senior (strategic) managers.
Thus, there are three basic levels of food service employees starting with entry, skilled, and supervisory levels.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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How much candy is in 30 bags? there are 10 pieces of candy each
Answers
Answer:
300
Explanation:
10/30=300
QUESTION 14
The Doctrine of Substantial Performance provides a party with the essential benefits of a
contract, despite minor deviations from the terms of the Contract.
True
False
Answers
All of the following are programs to insure nondiversifiable risks EXCEPT
A) federal flood insurance.
B) auto physical damage insurance.
C) Social Security.
D) unemployment insurance.
Answers
The answer to the question is C) Social Security. While Social Security provides important benefits to eligible individuals, it does not provide insurance against nondiversifiable risks. It is important to understand the risks inherent in the market and economy and take necessary measures to protect oneself against them. Insurance programs are one way to mitigate the impact of nondiversifiable risks.
Nondiversifiable risks refer to those risks that are inherent in the entire market or economy and cannot be eliminated through diversification. These risks affect all the participants in the market and are beyond an individual's control. Therefore, insurance programs are designed to provide protection against such risks.
Federal flood insurance is a program that provides insurance coverage against damages caused by flooding, which is a nondiversifiable risk. In areas prone to flooding, this insurance program provides protection to homeowners and businesses against damages caused by floods.
Social Security is a government program that provides retirement, disability, and survivor benefits to eligible individuals. While Social Security provides protection against the risks of disability and death, it does not insure against nondiversifiable risks.
Unemployment insurance is a program that provides temporary financial assistance to individuals who have lost their jobs due to no fault of their own. This program provides protection against the nondiversifiable risk of unemployment.
Therefore, the answer to the question is C) Social Security. While Social Security provides important benefits to eligible individuals, it does not provide insurance against nondiversifiable risks. It is important to understand the risks inherent in the market and economy and take necessary measures to protect oneself against them. Insurance programs are one way to mitigate the impact of nondiversifiable risks.
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The program that does not insure nondiversifiable risks is option B) auto physical damage insurance. Auto physical damage insurance is a type of insurance that covers the cost of repairing or replacing a vehicle that has been damaged due to events such as accidents, theft, or weather-related incidents.
This type of risk is diversifiable because the risk can be reduced by owning multiple vehicles or by using alternative transportation methods.
The other options insure nondiversifiable risks, which means that the risks cannot be reduced through diversification. For example, federal flood insurance provides coverage for damage caused by flooding, which is a nondiversifiable risk because floods can affect entire communities or regions. Social Security provides retirement and disability benefits, which are nondiversifiable risks because all workers face the risk of becoming disabled or reaching retirement age.
Unemployment insurance provides income replacement for individuals who lose their jobs, which is a nondiversifiable risk because it can affect any worker regardless of industry or occupation.
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The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.
Answers
The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.
What is monetary policy?In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.
This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.
Therefore, Option C is correct.
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