a market where exchanges occur despite price regulations is called a(n) ________ market.
Answers
A market where exchanges occur despite price regulations is called a black market.
What is a black market?
A black market refers to an illegal or unofficial market where goods, services, or currencies are bought and sold without government regulation or oversight. In a black market, transactions are conducted outside of the legal framework, typically bypassing taxation, government regulations, or other formal controls.
Black markets can arise for various reasons, such as when there are restrictions on the production, sale, or distribution of certain goods or services, or when there are price controls, trade embargoes, or other government interventions in the market. Black markets can involve a wide range of activities, including the sale of counterfeit or smuggled goods, illegal drugs, stolen goods, pirated media, prohibited weapons, and human trafficking, among others.
Participating in black market activities is generally considered illegal and can carry legal consequences, including fines, penalties, and criminal charges. Black markets can also have negative economic, social, and ethical consequences, such as lost tax revenue for governments, unfair competition with legitimate businesses, exploitation of vulnerable individuals, and undermining of law and order.
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Related Questions
Cylinder is used for cooking; you have checked when it was supplied to you. Afterwards if it starts leaking so whom do you think is liable to pay compensation if the leakage of gas leads to fire and causes injury?
Answers
OMCs (Oil Marketing Companies) are liable to pay compensation if the leakage of combustible gas leads to fire and causes injury.
Combustible gases that aid in food preparation are contained in the domestic gas cylinder. Even in small fires, the gas that the cylinder releases can burn readily. The property and lives of those nearby could sustain severe damage if the cylinder bursts.
OMCs' Public Liability Insurance Policy only covers losses resulting from accidents where LPG is the primary cause of fire; it does not cover losses resulting from accidents where other sources or circumstances lead to the engulfment and subsequent rupture of LPG cylinders.
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The Present Value of all four of the following future cash flows is $2,000 when discounted at 4 percent annually.
1 year in the future $700
2 years in the future $700
3 years in the future $?
4 years in the future $900
What is the dollar amount of the missing future cash flow?
Answers
According to the given statement the missing future cash flow in this scenario is $893.15.
The missing future cash flow can be calculated by finding the difference between the present value of all four future cash flows and the sum of the present values of the known future cash flows.
To find the present value of each cash flow, we need to discount it at a rate of 4 percent annually. The present value formula is:
Present Value = Future Value / (1 + Discount Rate)^n
Using this formula, we can calculate the present value of the known future cash flows:
1 year in the future: Present Value = $700 / (1 + 0.04)^1 = $673.08
2 years in the future: Present Value = $700 / (1 + 0.04)^2 = $647.10
4 years in the future: Present Value = $900 / (1 + 0.04)^4 = $786.67
Now, let's calculate the present value of all four future cash flows:
$2,000 = $673.08 + $647.10 + ? + $786.67
To find the missing future cash flow, we rearrange the equation:
? = $2,000 - $673.08 - $647.10 - $786.67 = $893.15
Therefore, the dollar amount of the missing future cash flow is $893.15.
To find the missing future cash flow, we first need to calculate the present value of the known future cash flows using the present value formula. Then, we can subtract the sum of the present values of the known future cash flows from the present value of all four future cash flows to find the missing cash flow. By rearranging the equation, we can calculate the missing future cash flow as $893.15.
The missing future cash flow in this scenario is $893.15.
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How does change in cost of energy and raw materials, borrowing and premises affect a house building company
Answers
Answer:
A shift in the cost of electricity and raw materials may have a major influence on a home construction firm. For example, if the cost of electricity and raw materials rises, the corporation may have to spend more on these items, resulting in higher production expenses. This rise in manufacturing costs may eventually result in lower profit margins or an increase in the final price of the houses, making them less competitive in the market.
Likewise, changes in borrowing costs might have an influence on the company's profitability. If interest rates rise, the cost of borrowing money to invest in the firm rises, resulting in greater debt-service expenses. This may limit the company's capacity to invest in growth possibilities, which can be negative on long term profitability impact.
Likewise, changes in borrowing costs might have an influence on the company's profitability. If interest rates rise, the cost of borrowing money to invest in the firm rises, resulting in greater debt-service expenses. This may limit the company's capacity to invest in growth possibilities, which might harm long-term profitability.
Changes in facility expenses might also have an impact on the company's profitability. For example, increasing the cost of rent or mortgage payments for the company's offices or facilities may result in increased overheads and lower profitability. Furthermore, if the firm decides to grow or relocate, it may incur considerable upfront expenses, which may have an impact on short-term profitability.
Lester, Torres, and Hearst are members of Arcadia Sales, LLC, sharing income and losses in the ratio of 2:2:1, respectively. The members decide to liquidate the limited liability company. The members' equity prior to liquidation and asset realization on August 1 are as follows:
Lester $10,200
Torres 23,500
Hearst 14,600
Total $48,300
In winding up operations during the month of August, noncash assets with a book value of $63,600 are sold for $78,900, and liabilities of $20,400 are satisfied. Prior to realization, Arcadia Sales has a cash balance of $5,100.
Prepare a statement of LLC liquidation. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign.
Answers
In the LLC liquidation of Arcadia Sales, LLC, the total members' equity prior to liquidation was $48,300. The realization of assets included the sale of noncash assets with a book value of $63,600, generating a gain on sale of $15,300. The liabilities were settled for $20,400. The cash distribution to the members included the initial cash balance of $5,100 and the total realization of $78,900, resulting in a total cash distribution of $84,000.
The cash distribution was divided among the members based on their profit-sharing ratio: Lester received $33,600, Torres received $33,600, and Hearst received $16,800.
Statement of LLC Liquidation for Arcadia Sales, LLC:
Members' Equity:
Lester: $10,200
Torres: $23,500
Hearst: $14,600
Total Members' Equity: $48,300
Realization of Assets:
Sale of Noncash Assets:
Book Value: $63,600
Sale Proceeds: $78,900
Gain on Sale: $15,300
Settlement of Liabilities: -$20,400
Cash Distribution:
Initial Cash Balance: $5,100
Total Realization (Sale Proceeds + Cash Balance): $78,900 + $5,100 = $84,000
Distribution of Cash:
Lester's Share (2/5 x Total Realization): (2/5) x $84,000 = $33,600
Torres's Share (2/5 x Total Realization): (2/5) x $84,000 = $33,600
Hearst's Share (1/5 x Total Realization): (1/5) x $84,000 = $16,800
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You want to own a photography studio and you open one that specializes in wedding
photography. After 6 months though, your studio fails and you close down. Read the
following scenarios and pick which one you think you should do next.
Answers
Answer:
Explanation:
Open another photography studio that specializes in wedding photography.
Open a photography studio that offers a wider range of services, such as portrait photography, event photography, and commercial photography.
Take a break from photography and explore other career options before deciding on your next steps.
Based on the information provided, it is not clear which of the above scenarios would be the best option for you. Each of these scenarios has its own advantages and disadvantages, and the right choice for you will depend on your personal goals, interests, and circumstances. For example, if you are passionate about wedding photography and believe that your previous studio failed due to external factors, then opening another studio that specializes in wedding photography may be a good option for you. On the other hand, if you believe that your studio failed because the market for wedding photography is saturated or because your services were not competitive, then expanding your portfolio to offer a wider range of services may be a better option. Alternatively, taking a break from photography and exploring other career options may allow you to gain new skills and experiences that can help you in your future endeavors.
Currently the UK market for Salt Pipes is worth €1.85m. It is estimated that over the next 3 years this will
Increase by around 225%.
04:Calculate the anticipated value of the UK salt pipe market in 3 years' time (4)
£1.85m - increases by 225%
1.85m/1000.0185
0.0185 * 1%
0.0185 x 225 4.1625
£1.85m 44.1625 s £6.0125
1
I
Answers
Answer:
€4.1635
Explanation:
The current market is worth €1.85m
In the next three years , it will increase by 225%
The value in three years time will be 225% of €1.85m
=225/100 x €1.85m
=2.25 x €1.85m
= €4.1635
Define cost object and give three examples.
Answers
Cost object is a technique for measuring the costs of a product, market sector, client, etc. independently in order to determine the precise cost as well as the selling price.
Some examples for cost object include:
1. Products: The cost of producing a specific product line or individual item.
2. Projects: The cost of completing a specific project or task.
3. Customers: The cost of providing services to a particular customer or group of customers.
Depending on the type of product or the turnover of the product, the law may occasionally demand the maintenance of cost records.
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4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)
Answers
Answer and Explanation:
Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.
Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.
The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.
This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.
Answer:
1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9
2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.
· Must have valid Pharmacy Technician License
3. Working with patients to explain and educate on medical questions
· Tracking and logging vaccination details into EMR (electronic medical records system)
· Assisting Pharmacist as needed
4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.
Explanation:
characteristics of competitive markets?
Answers
A perfectly competitive market has the following characteristics:
There are many buyers and sellers in the market.
Each company makes a similar product.
Buyers and sellers have access to perfect information about price.
There are no transaction costs.
There are no barriers to entry into or exit from the market.
name four commercial services which are useful to a manufacturer
Answers
What will likely happen to the slope or position of the AD curve in the following circumstances? (LO9-2) a. The exchange rate changes from fixed to flexible. b. A fall in the price level doesn't make people feel richer. c. A fall in the price level creates expectations of a further-falling price level. d. Income is redistributed from rich people to poor people e. Autonomous exports increase by 20. f. Government spending decreases by 10
Answers
Income is redistributed from rich people to poor people likely happen to the slope or position of the AD curve .
As the components of aggregate demand—consumption spending, investment expenditure, government spending, and spending on exports minus imports—increase, the aggregate demand curve, or AD curve, moves to the right. With the decline of these components, the AD curve will turn back to the left.
The most important takeaway from this example is that a shift in the aggregate demand curve to the right results in a larger real GDP and upward pressure on the price level. A change in aggregate demand to the left, on the other hand, causes a decrease in real GDP and a rise in the level of prices. As the cost of borrowing rises, an increase in real interest rates lowers the investment spending. As a result, aggregate demand is decreased along with aggregate spending.
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(24^0)+(4^0). solve this problem fast
Answers
Answer:
your answer will be 2
Explanation:
hope it helps you..
Answer:
solution : -
\(24 {}^{0} + {4}^{0} \)\(1 + 1\)\(2\)How might advertising reduce economic well-being? alternatively, how might advertising actually increase economic well-being?.
Answers
Advertising your business can be quite costly so for start up businesses this can be hard to finance. This can reduce the business’ economic well being. Alternatively, if you advertise your business well that can bring in a whole new range of customers and their money. So this would increase your business’ economic well being
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answers
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
What is the law of one price? How do you get from the law of one price to purchasing power parity?
Answers
The Law of One Price (LOP) is an economic principle that states that in a competitive market, identical goods should have the same price in different locations when expressed in a common currency.
This principle assumes that there are no barriers to trade, transportation costs are negligible, and there are no restrictions on the flow of goods and services.
Purchasing Power Parity (PPP) is a concept that extends the Law of One Price to compare the purchasing power of different currencies. It states that the exchange rate between two currencies should adjust to ensure that a basket of goods has the same purchasing power in different countries.
To derive PPP from the Law of One Price, we consider the price levels of goods and services in different countries. If the Law of One Price holds true, then the price of a basket of goods in one country divided by the price of the same basket in another country should be equal to the exchange rate between the two currencies.
For example, if a basket of goods costs $100 in the United States and an equivalent basket costs €80 in the Eurozone, the exchange rate between the US dollar and the euro should be $1.25 per euro ($100 divided by €80). If the exchange rate is higher or lower than $1.25 per euro, it implies that one currency is overvalued or undervalued relative to the other.
Purchasing power parity is used as an indicator to measure the relative value of currencies and to compare living standards across countries. It suggests that over the long term, exchange rates will adjust to ensure that the purchasing power of different currencies is equalized.
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The financial markets allocate capital to corporations by? A) reflecting expectations of the market participants in the prices of the B) requiring higher returns from companies with lower risk than their ce their competitors. C) rewarding companies with expected high returns with lower relative D) relying on the opinion of investment bankers, gh returns with lower relative stock prices.
Answers
Option A is correct. By reflecting participant expectations in the price of the company's shares, the financial markets allocate money to enterprises.
What types of financial marketplaces are there?
A financial market is any location where trading in securities takes place. This includes, among others, the stock market, bond market, currency market, and derivatives market. Capitalist economies require financial markets to function properly.
How do the financial markets operate?Companies and individuals can reach a financial market agreement to buy or sell specific goods like stocks, bonds, or futures contracts. Both buyers and sellers want to make the most for their money when making a purchase.
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TRUE/FALSE. one of the personal security safeguards is to use https at trusted, reputable vendors.
Answers
The statement, "one of the personal security safeguards is to use https at trusted, reputable vendors." is true.
One of the personal security safeguards is to use HTTPS (Hypertext Transfer Protocol Secure) when interacting with trusted and reputable vendors.
HTTPS is a secure version of HTTP that encrypts the communication between your web browser and the website you are visiting.
It helps protect sensitive information, such as login credentials, credit card details, and personal data, from being intercepted or accessed by unauthorized parties.
By ensuring that websites use HTTPS, you can help safeguard your personal information and reduce the risk of data breaches or unauthorized access.
It's worth noting that while HTTPS provides a higher level of security, it doesn't guarantee the trustworthiness of the website itself.
It's essential to ensure that you are dealing with reputable vendors and websites, as HTTPS alone doesn't guarantee the legitimacy or reliability of the business or individual behind the website.
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The housekeeping services department of ruger clinic, a multispecialty practice in toledo, ohio, had $100,000 in direct costs during 2015. these costs must be allocated to ruger's three revenue-producing patient services departments using the direct method. two cost drivers are under consideration: patient services revenue and hours of housekeeping services used. the patient services departments generated $5 million in total revenues during
Answers
Answer:
Missing word "2015, and to support these clinical activities, they used 5,000 hours of housekeeping services. a.What is the value of the cost pool? b.What is the allocation rate if patient services revenue is used as the cost driver? and hours of housekeeping services issued as the cost driver?"
a. What is the value of the cost pool?
The cost pool = $100,000 (All the indirect cost)
b. What is the allocation rate if patient services revenue is used as the cost driver?
The allocation rate = Value for housekeeping / Total Revenue
The allocation rate = $100,000 / 5,000,000
The allocation rate = $0.02 per patient service
c. What is the allocation rate if hours of housekeeping services is issued as the cost driver?
Allocation rate = Value for housekeeping / Hours of housekeeping service
Allocation rate = $100,000 / 5000 hours
Allocation rate = $20 per housekeeping hour
Which institution helps to maintain availability of global financing to solve trade deficit issues?
Answers
International Monetary Fund helps to maintain the availability of global financing to solve trade deficit issues.
The International Monetary Fund (IMF): What Is It?The International Monetary Fund (IMF) is a global institution that fosters international trade, fights poverty, and works to increase financial stability and global economic progress.
The voting power in IMF decisions is significantly influenced by the quotas of member nations. Votes consist of basic votes + one vote for every 100,000 Special Drawing Rights (SDR) of quota. The IMF introduced SDRs, an international kind of reserve currency, to supplement member nations' existing cash reserves.
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Calculate the latest start for Task B if its predecessor, Task A, finishes on day 3, its succeeding activity, Task E, has a latest start of day 7, and the duration of Task B is 2 days. Select one: a. day 7 b. day 5 c. Cannot be calculated based upon information given. d. day 3
Answers
Answer:
Day 5
Explanation:
Calculation of the latest start
Using this formula
Latest start = Activity's latest finish time-Activity's estimated duration
Where,
Latest Finish time= Day 7
Estimated Duration= 2 days
Let plug in the formula
Latest start= Day 7- 2 days
Latest start = Day 5
Therefore the latest start for Task B will be Day 5
True or false
the given statements refer to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms. label the statements as being either true or false. each term is used more than once.
statement 1: monopolistically competitive firms will produce where price=marginal revenue=marginal cost in the short run.
statement 2: monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue=marginal cost, which means that price>marginal cost in the short run.
statement 3: monopolistically competitive firms will have positive profits even in the long run.
statement 4: monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. this means that monopolistically competitive firms will not experience economies of scale in the long run
Answers
For the given statements referring to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms.
Statement 1: False
Statement 2: True
Statement 3: False
Statement 4: True
Statement 1: Monopolistically competitive firms will produce only where the marginal revenue equals the marginal cost in the short run.
Statement 2: Monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue equals the marginal cost, which means that price>marginal cost in the short run. This is a correct statement.
Statement 3: Monopolistically competitive firms will have positive profits even in the long run. This statement is incorrect. In the long run they will have zero profit due to the no cost entry (free entry) and the exit of firms.
Statement 4: Monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. This means that monopolistically competitive firms will not experience economies of scale in the long run.
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In the communication process, when the ideas of a message are perceived and then interpreted, this is known as.
Answers
In the communication process, when the ideas of a message are perceived and then interpreted, this is known as decoding.
What is decoding?Decoding can be defined as the process of translating or converting information or message into what the addressee can understand.
This process has to do with analyzing and interpreting the message or information so as to enables the listener of the message to decode or understand what the information entails.
Therefore is is known as decoding.
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How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answers
Answer:22 years
Explanation:
In December 2018, Apple had cash of $86.92 billion, current assets of $140.51 billion, and current liabilities of $108.32 billion. It also had inventories of $4.99 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? a. What was Apple's current ratio? Apple's current ratio was (Round to two decimal places.) b. What was Apple's quick ratio? Apple's quick ratio was I. (Round to two decimal places.) c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? (Select the best choice below.) So O A. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has less liquidity to draw on than does Hewlett-Packard OB. Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard O c. Apple's lower current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard OD. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard. Click to select your answer(s)
Answers
Apple's current ratio was 1.30. Apple's quick ratio was 0.76. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. A higher current ratio and quick ratio indicate that a company has more current assets relative to its current liabilities, which means it is more able to meet its short-term obligations
a. Apple's current ratio was 1.30. This is calculated by dividing current assets by current liabilities:
Current ratio = Current assets / Current liabilities
Current ratio = $140.51 billion / $108.32 billion
Current ratio = 1.30
b. Apple's quick ratio was 0.76. This is calculated by subtracting inventories from current assets and then dividing by current liabilities:
Quick ratio = (Current assets - Inventories) / Current liabilities
Quick ratio = ($140.51 billion - $4.99 billion) / $108.32 billion
Quick ratio = 0.76
c. Apple's higher current and quick ratios demonstrate that it has much higher asset liquidity than does Hewlett-Packard. This means that in a pinch, Apple has more liquidity to draw on than does Hewlett-Packard.
Therefore, Apple has higher asset liquidity than Hewlett-Packard.
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a salesperson saying that using his or her sales force automation software is like having a secretary that will work for free, is using a(n):
Answers
The salesperson is using an analogy.
Analogy is a verbal word that describes the cognitive method of transferring knowledge or meaning from one subject to another.
An analogy is similar to a metaphor in that it helps us convey a complex concept or circumstance in terms or through a narrative that the other person can relate to and better understand.
Spending the time to express this information properly will make it more effective, memorable, and "to the point" when communicating with others.
An analogy serves both the purposes of illustration and explanation. An analogy is therefore more complicated than a simile or a metaphor, which solely seek to illustrate without providing context.
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i need help with Question B5 (a) short essay. im completely lost please help me :(
Answers
A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!
Answers
Answer:
A.................
Explanation:
look at my pokemon
Answer:
D
Explanation: because i said so but it might not be right
Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answers
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
in an uncertain environment that is ________, components are not similar to one another and are continually changing.
Answers
In an uncertain environment that is dynamic, components are dissimilar and constantly changing. In a dynamic and uncertain environment, the components or elements within the system are diverse and continuously evolving.
This means that the various factors, variables, or entities involved are not similar to one another and exhibit constant fluctuations or modifications over time. Dynamic environments are characterized by ongoing shifts, advancements, and changes in technology, market conditions, consumer preferences, regulatory frameworks, and other external factors. These changes can create challenges and opportunities for businesses and organizations operating within such environments. The dissimilarity among components implies that there is a lack of uniformity or homogeneity, and each element may have distinct characteristics, behaviors, or requirements.
To navigate and succeed in such an environment, adaptability, agility, and flexibility become crucial. Organizations need to continuously monitor and analyze the evolving landscape, anticipate potential disruptions, and adjust their strategies and operations accordingly. Embracing change, fostering innovation, and building resilience are key approaches for thriving in a dynamic and uncertain environment where components are dissimilar and in a constant state of flux.
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