a. higher; smaller. Compared to a perfect competitor, a monopolist will charge a higher price and produce a smaller quantity.
A perfect competitor operates in a market where there are many buyers and sellers, and no single entity has control over the market. In this scenario, the market is characterized by price-taking behavior, where each firm faces a perfectly elastic demand curve. This means that the firm can sell as much as it wants at the prevailing market price.
On the other hand, a monopolist operates in a market where it is the sole seller of a particular product or service, giving it significant control over pricing and quantity produced. A monopolist faces a downward-sloping demand curve, which means that it must lower the price if it wants to sell more quantity and raise the price if it wants to sell less.
To maximize profits, a monopolist will typically set a higher price compared to a perfect competitor. This is because a monopolist has market power and can restrict supply to drive up prices. Additionally, a monopolist will produce a smaller quantity because it faces less competitive pressure to meet consumer demand.
In summary, a monopolist will charge a higher price and produce a smaller quantity compared to a perfect competitor. The monopolist's ability to control prices and limit competition allows it to operate in a different manner, maximizing profits by setting higher prices and producing less quantity.
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it is not advisable for small businesses to use the services of cpas and lawyers because most businesses are too small to afford the expense. a) True b) False
The statement "it is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense" is subjective and cannot be definitively categorized as true or false.
While it is true that small businesses may have limited financial resources and may perceive the cost of hiring CPAs and lawyers as high, it does not necessarily mean that it is not advisable for them to use their services. CPAs and lawyers can provide valuable expertise and assistance in various areas such as accounting, tax compliance, legal compliance, contracts, intellectual property, and more.
The decision of whether to engage the services of CPAs and lawyers should be based on the specific needs and circumstances of the small business. Some businesses may find it beneficial to seek professional assistance, even if it requires budgeting and prioritizing resources. Others may choose to handle certain tasks themselves or seek alternative resources such as online legal services or accounting software.
Ultimately, the decision should be made based on a careful evaluation of the potential benefits, costs, and risks associated with engaging professional services, as well as the specific needs and priorities of the small business.
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Lucy wants to attach a goal cost
Answer:
What is the rest of your question
Explanation:
What things might cause disputes in a partnership??
What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
Economies experience sacracity because:
How does information technology impact the economic sector?
Answer:
~ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ᴘʀᴏɢʀᴇꜱꜱ ᴀʟʟᴏᴡꜱ ꜰᴏʀ ᴛʜᴇ ᴍᴏʀᴇ ᴇꜰꜰɪᴄɪᴇɴᴛ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏꜰ ᴍᴏʀᴇ ᴀɴᴅ ʙᴇᴛᴛᴇʀ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ, ᴡʜɪᴄʜ ɪꜱ ᴡʜᴀᴛ ᴘʀᴏꜱᴘᴇʀɪᴛʏ ᴅᴇᴘᴇɴᴅꜱ ᴏɴ.
Explanation:
ᴍᴀɢᴀɴᴅᴀɴɢ ᴛᴀɴɢʜᴀʟɪ ꜱᴀ ᴀᴛɪɴɢ ʟᴀʜᴀᴛ!!!
Please heart my Answer←_←Tysm
Please heart my Answer←_←Tysm #Studying is important
When Sam applied for a loan, he was assured that his rate would not change if he closed within 30 to 90 days. Sam had a(n) ______ on the interest rate.
Given that the interest rate would not change for a given period of time, we can say that Sam had a lock on the interest rate.
What is interest rate?This is the extra money that grows due to the fact that people are saving their money in the bank.
It is the rate at which the benefit that is accrued from saving or investment grew overtime.
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why should the ceo of an organization look at the price earnings ratio for his or her company's stock relative to others in the industry? what can this tell practicing managers?
The CEO of an organization should look at the price earnings ratio (P/E ratio) for his or her company's stock relative to others in the industry because it provides a benchmark for evaluating the company's valuation and growth potential.
The P/E ratio compares the market price of a company's stock to its earnings per share (EPS).
A higher P/E ratio indicates that investors are willing to pay more for each dollar of earnings, which can be a positive sign for the company's growth prospects and perceived value. However, a significantly higher P/E ratio than industry peers could also indicate that the stock is overvalued. Conversely, a lower P/E ratio may suggest that the market has undervalued the company's earnings potential. By examining the P/E ratios of competitors, the CEO can determine whether the company is performing in line with industry standards or is an outlier. This information can guide strategic decisions, such as whether to pursue growth opportunities or to focus on improving profitability. Practicing managers can use the P/E ratio as a tool for evaluating the company's performance and developing strategies for increasing shareholder value.Know more about the price earnings ratio (P/E ratio)
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which of the following is an example of an opportunity cost? multiple choice question. rental income likely to be lost by using a vacant building for an upcoming project money spent on advertising to take advantage of opportunities in the market lowering taxes by increasing depreciation expenses sales revenue lost due to new competitors entering the market
Rental income likely to be lost by using a vacant building for an upcoming project is an example of an opportunity cost.
What does opportunity cost look like in business?For instance, let's say you own $1,000,000 and decide to put it into a line of products that will yield a 5% return. An opportunity of this choice is the 2% difference in the two options if you could have invested the funds in a different asset that would have produced a return of 7% instead.
What are a few opportunities?Take on project assistance.Offer to form working groups.For innovative concepts or goods, recruit testers.To work on to an idea you have, form a team.Share your knowledge or industry-best techniques.To know more about opportunity cost visit:
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Jason, a manager at a logistics company, wants to bring in temporary workers to handle the extra work of loading and unloading deliveries during the holiday shopping season. Which statement expresses a disadvantage of Jason's idea
Answer:
There may be tension between permanent and temporary workers.
Explanation:
Labor demand forecasting refers to a step in the process of labor optimization before filling the concerned posts in which accurate demand is estimated for any time period based on various demand variables. There are just so many factors that need to be taken into account, for example, seasonal patterns, unpredictable demands, local attractions, etc while scheduling the right labor for the right job. these trend analyses require to predict labor demand in the form of temporary additional labor which often came in conflict to permanent ones over their respective roles and responsibilities.
The master budget of Carpenter Company shows that the planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $480,000 Machine supplies 120,000 Indirect materials 140,000 Depreciation on factory building 100,000 Total manufacturing overhead $840,000 A flexible budget for a level of activity of 120,000 machine hours would show total manufacturing overhead costs of:
Answer:
Total overhead cost= $988,000
Explanation:
Giving the following information:
Activity level= 100,000 machine hours
Indirect labor $480,000
Machine supplies 120,000
Indirect materials 140,000
Depreciation on factory building 100,000
First, we need to calculate the unitary overhead costs per machine-hours. Depreciation is a fixed cost.
Indirect labor= 480,000/100,000= $4.8
Machine supplies= 120,000/100,000= $1.2
Indirect materials= 140,000/100,000= $1.4
Now, we can determine the total overhead cost for 120,000 machine hours.
Indirect labor= 4.8*120,000= 576,000
Machine supplies= 1.2*120,000= 144,000
Indirect materials= 1.4*120,000= 168,000
Depreciation= 100,000
Total overhead cost= $988,000
suppose that eduardo agrees to purchase caleah’s car for $10,000. eduardo’s payment of $10,000 is the _____ caleah will receive for her car.
Eduardo's payment of $10,000 is the purchase price that Caleah will receive for her car. This is the amount of money that Eduardo has agreed to pay Caleah in exchange for her car.
The purchase price is the total amount of money that a buyer agrees to pay a seller for a particular item or service. In this case, Caleah is the seller of the car and Eduardo is the buyer. Once Eduardo pays the purchase price, he will become the new owner of the car, and Caleah will have received the agreed-upon amount for the sale. It's important to note that the purchase price can be negotiated between the buyer and seller, and it may not always be the same as the initial asking price. However, once both parties agree to a purchase price, it becomes the final amount that the seller will receive for their item.
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All of the following contribute to job satisfication except
Job satisfaction is a complex concept that is influenced by a wide range of factors. While there are many things that can contribute to job satisfaction, there are also a number of factors that can detract from it.
These factors include things like poor work-life balance, limited opportunities for growth and development, a toxic work environment, job insecurity, unreasonable workload or job demands, lack of autonomy and control over work, lack of recognition and appreciation, and unsupportive management and leadership.
When these factors are present in the workplace, they can lead to stress, burnout, and a general feeling of dissatisfaction among employees. This can ultimately lead to decreased productivity, increased turnover, and other negative outcomes for both employees and the organization as a whole. As such, it is important for employers to work to minimize these factors and create a positive and supportive work environment that fosters job satisfaction and engagement among employees.
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Choose the answer that correctly identifies the conflict management styles represented by each version. a. 1- non-confrontational, 2- cooperative, 3- confrontational, 4- confrontational and non-confrontational b. 1- confrontational, 2 - cooperative, 3- confrontational, 4 - cooperative and confrontational c. 1- cooperative, 2 - confrontational, 3- non-confrontational, 4 - both are confrontational d. none of the above
Hi, you've asked an incomplete question. However, the missing question read;
Version 1: George walks away. He never talks to Elaine or Jerry again.
Version 2: George confronts Elaine, saying “I am angry about what you have been saying. I do not want you spreading rumors about me. If you have a problem, please see me about it.”
Version 3: George yells at Elaine to shut u.p and then confronts his boss demanding to know why he’s going to be fired.
Version 4: George demands that Elaine tell him where she heard that. Elaine tells him not to worry about it and tries to crack a joke about how much the boss is late.
Answer:
Version 1: non-confrontationalVersion 2: cooperativeVersion 3: confrontationalVersion 4: confrontational and cooperativeExplanation:
1. In this scenario it is evident that George avoids confrontation with Elaine. In fact, we are told that "[He] walks away..."
2. In this scenario, however, we notice a cooperative deposition between George and Elaine. He made this lear when he said, "...If you have a problem, please see me about it.”
3. Confrontation occurs in this scenario as we are told that "George... then confronts his boss demanding to know why he’s going to be fired. "
4. By demanding "that Elaine tells him where she heard that" indicates confrontation. While Elaine's cracking a joke about how much the boss is late shows cooperation.
Answer:
A
Explanation:
Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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1. Many firms use national data [GDP, GNP, per capita income etc.] as the basis for making international marketing decisions. Discuss the pros and cons of this approach as a country segmentation criterion?
The use of national data such as GDP, GNP, and per capita income as a basis for making international marketing decisions has both advantages and disadvantages.
One of the pros of using national data is that it provides a broad overview of the economic conditions of a country. GDP (Gross Domestic Product) measures the total value of goods and services produced within a country, while GNP (Gross National Product) includes income earned by a country's residents domestically and abroad. Per capita income calculates the average income per person in a country. By analyzing these indicators, firms can gain insights into the purchasing power and overall economic health of a country, which can help them tailor their marketing strategies accordingly.
Another advantage of using national data is that it allows for easy comparison between different countries. Firms can compare the GDP, GNP, and per capita income of different countries to identify potential markets with higher levels of disposable income or stronger economic growth. This helps firms prioritize their resources and target countries that are more likely to be profitable for their products or services.
However, there are also some cons to using national data as a country segmentation criterion. One limitation is that national data may not accurately represent the economic conditions within specific market segments. For example, while the overall GDP of a country may be high, certain segments of the population may have significantly lower income levels. Therefore, solely relying on national data may lead to inaccurate assumptions about the purchasing power and preferences of specific consumer groups.
Another disadvantage is that national data does not provide detailed insights into cultural, social, and behavioral factors that influence consumer behavior. For effective international marketing, understanding these factors is crucial. National data alone may not capture nuances such as cultural preferences, consumer habits, or local market conditions, which are essential for tailoring marketing strategies to specific target markets.
In conclusion, while national data such as GDP, GNP, and per capita income can provide a general understanding of a country's economic conditions, it should not be the sole basis for making international marketing decisions. It is important for firms to complement national data with more specific and detailed information about target markets, including cultural, social, and behavioral factors. This combination of data sources can help firms develop more accurate and effective marketing strategies in international markets.
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________ costs refer to the sum of the fixed and variable costs for any given level of production. Target Break-even Total Value-based Marginal
Based on microeconomic theory, Total costs refer to the sum of the fixed and variable costs for any given level of production.
What makes Total Cost?Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
Components of Total CostThe components of Total Cost include the following:
Prime costFactory costOffice cost Cost of sales, etc.Hence, in this case, it is concluded that the correct answer is "Total Cost."
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Challenges faced by companies working with younger workers include creating stimulating work environments, offering reasonable work schedules, designing projects based on team work, and providing opportunities for ______.
The challenges faced by companies working with younger workers include providing opportunities for positive feedback.
What is positive feedback?This is the skill that is used in business to help motivate workers, boost people's confidence and also show that you value their input.
Positive feedback is very important in organizations given that it helps workers to be at their best.
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Garrett knows what the company plans to do for its marketing efforts and now needs to find a way to put those plans into operation. What phase of the marketing plan is Garrett working on?
Based on the provided information, the phase of the marketing plan that Garrett is working on, is Implementation.
What is marketing plan?
A marketing plan can be regarded as the advertising strategy that is been utilized by company in selling its product or service.
Therefore, he's working on Implementation by knows what the company plans to do.
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Difference between business and trade
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
the sales department at a local company determines that product a will moderately boost sales and have a shorter production schedule, so it is decided that this product will be manufactured and sold without considering other options. in choosing this product, the sales department is
The action that is been taking by the sales department when they are determining the kind of product that will bring about sales boost with their shorter production schedule and manufacturing of product is Satisficing.
Satisficing can be regarded as a decision-making strategy that is carried out for satisfactory or adequate result.This done as opposed to the optimal solution, satisficing involves taking pragmatic effort to face a task.Therefore, satisficing is correct answer.
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transferred the title of their house over to Jane. The home had a fair market value of $250,000 and was subject to a $100,000 mortgage. Under the divorce agreement, Bill is to make $1,000 monthly mortgage payments on the home for the remainder of the mortgage. In the current year, Bill made 12 mortgage payments. What amount is taxable to Jane in the current year
Answer: $0
Explanation:
Based on the information given in the question, the amount that is taxable to Jane in the current year will be $0.
We should note that there'll be no deduction made for the payments made since the settlement with regards to the divorce agas already provided for the payment. The payments in this case aren't included in the gross income of the person that'll collect the payment.
Therefore, the answer is $0.
What is Gravitational law and how yo solve it
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
what corporate diversification strategy is being pursued by disney? what evidence do you have that supports your position? how does the corporate office create a parental advantage, which is difficult to duplicate by its more focused competitors? what are synergies and economies of scope and how do they work at disney to lower its overall costs? given the diversification approach that disney uses, what are some things that they can do to deal further with the trend toward cord-cutting and competition from large streaming and content producers such at netflix, amazon, and other content producers?
The Walt Disney Company has developed a strategy that pursues diversified business operations in an effort to maintain its competitive edge.
What is corporate diversification strategy ?
When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification. Instead, if you enter a new market, corporate-level diversification takes place.
One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth strategies is more likely to be a fit for your business than the others, depending on the sector, size, and goals of your organization.
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1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?
Answer:
Explanation:
Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...
QUESTION 6 of 10: You own an art supply store and the total sales in your trading area equal $17,500. Your store accounts for $6,000 of the total. In this scenario, $6,000 refers to your: O a) Price per unit b) Balance sheet O c) Margin O d) Market share
Answer:
In this case, the $6,000 refers to your sales. If expenses and returns were deducted it will be your net sales. Sales refers to the activity of selling an amount of goods or services to consumers who enter your storefront. The goal is to make sure your sales are greater than all of our expenses to make sure you are turning a profit each month.
Explanation:
Inland water transport system does not exist in which state?
Inland water transport systems are used in many states throughout the United States. It is possible that some states may not have as developed or extensive an inland water transport system as others, but it is not accurate to say that any particular state does not have an inland water transport system at all.
Inland water transport systems in the United States generally include rivers, lakes, and canals. These systems are used for a variety of purposes, including transportation of goods, recreation, and hydroelectric power generation. Some examples of states with well-developed inland water transport systems include Minnesota, Arkansas, and Louisiana.
Felicia is a case worker and earns $13.47 an hour plus time and a half for weekend work. Last week she worked her regular 40 hours plus 8 hours of overtime on the weekend. What is the total pay for the week?
Answer:
$700.44
Explanation:
Felicia will earn as follow.
For her 40 regular hours
= $13.47 x 40
= $538.80
For her weekend overtime
Eight hours at 1.5 times regular pay
overtime pay = $13.47 x 1.5 = $20.21
8 hours work will be
= $20.21 x 8
= $161.64
Total pay for the week
= $538.80 + $161.64
= $700.44
Human resources is about trying to
find the best way to utilize which of
the following for the benefit of the
company overall?
A. loans
B. products
C. people
Answer:
I think b is that the answer