If the market price is $74.50 per bushel of wheat, and ali chooses to produce wheat, how much will he produce per month to maximize his profits in the short run?
Answers
He produces 0 bushels per month to maximize his profits in the short run.
Market pricing is a strategy used to set prices in line with contemporary expenses inside the marketplace for equal or similar products or services. It offers organizations the possibility to set better charges to start with before matching market expenses to live competitive at the same time as nevertheless developing go back on investment.
As per the given data, we know that
a).
=> Optimal rule for production is P = MR = MC.
=>Here P = MC = 74.50 occurs when Q = 4000 bushels.
=>Consequently he produces 4000 bushels per month.
b).
=> Profit = (P - ATC)*Q
= (74.50 - 45.13)*4000
= 117480
c).
=> Optimal rule for production is P = MR = MC.
=>Here P = MC = 22.50 occurs when Q= 1500 bushels.
=> Consequently he produces 1500 bushels per month.
d).
=>Profit = (P - ATC)*Q
= (22.50 - 29.50)*1500
= -10500
e).
=> No production occurs at this price because of P < AVC.
=>Consequently he produces 0 bushels per month.
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Related Questions
PLZ HELP ME!!!!!!
Which statement about credit card interest rates is TRUE?
A.) The more money you spend on purchases, the higher your interest rate will be
B.) A high interest rate means you'll pay MORE money total
C.) A high interst rate means you'll pay LESS money total
D.) Most credit cards do not charge any interest rate
Answers
Answer:
I think its A?
Explanation:
Sue wants to work as a chemical engineer for either a large corporation or the government. What would you advise her to
do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning
college credits ?
a) Apply for a cooperative education experience, through her university, at a company or an agency that will provide her real work
experience in her field of study
b) Study hard and wait until she earns her degree to get experience
c) Take a job on campus working in the office typing papers for engineering professors
d) Take a part-time job working nights at a pharmacy
Answers
Answer:
A
Explanation: The most common reason tbh.
Answer: A
And just trust
If you are projecting your future financially, what are your
doing?
Risking
Forecasting
Managing
Expanding
Answers
Answer:
Forecasting
Explanation:
Because a weather forecast looks ahead for weather. You are forecasting your financial future
Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
Sarah has shared with noel that they are part of their manager’s ingroup. What argument can she use to convince noel of the correctness of her perception?.
Answers
They have higher performance ratings than others in their department. This argument she can use to convince noel of the correctness of her perception
The time period 'department' can refer to a number of various things. as an example, an administrative division inside a nation, a governmental ministry or even a part of an group. on this specific definition, we confer with the time period 'branch' because it's used to refer to separate divisions of an enterprise.
A branch is normally understood as a part of a bigger organization. The time period 'branch' can also cowl a extensive style of meanings, from e.g. a geographical or administrative division within a rustic, to a governmental ministry or a part of an organization, together with a university.
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On January 1, 2022 Teal Mountain Country Club purchased a riding mower
Answers
The CR Accumulated depreciation -equipment 700
How to solve
(16,000-2,000)/20= 700
DR Depreciation expense 700
CR Accumulated depreciation -equipment 700
Depreciation, the decline in an asset's worth with time due to deterioration, obsolescence, or other influences, is noted as an expenditure on a business's financial records, reflecting the lowered value.
Calculating depreciation can be done via diverse strategies, such as straight-line depreciation, accelerated depreciation, and units-of-production depreciation. Correctly cataloguing for depreciation is critical for properly representing a company's financial standing and distinguishing the true significance of its assets.
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On January 1, 2014, Wolf Creek Country Club purchased a new riding mower for $16,000. The mower is expected to have a 20-year life with a $2,000 salvage value.
What journal entry would Wolf Creek make on December 31, 2014, if it uses straight-line depreciation?
Jarrah sells office supplies from a store in Sandusky, Ohio. He decides to hire a web developer to create a website for customers with the option to view and purchase office supplies. This example best describes the concept of ________, which is a(n) ________ force.
Answers
The instance best describes the concept of e-commerce, which is a technological force.
What is E-commerce?E-commerce is the purchasing and selling of products and services, as well as the transfer of payments or data, through an electronic network, most notably the internet.
These transactions might be business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), or consumer-to-business (C2B). In the above situation, the instance best describes e-commerce, which is a technical force.
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Transcribed image text: Question 5 From a provider's perspective, which of the following third-party payment methods has the least utilization risk. O Capitation O Fee For Service (FFS) 2 pts O At-Risk Contracts
Answers
Capitation is a payment method where healthcare providers receive a predetermined fixed fee per patient, regardless of the actual services provided.
Utilization risk refers to the potential for healthcare service usage to exceed expectations, leading to unforeseen expenses for third-party payers and healthcare providers.
Capitation payment method helps mitigate utilization risk as it establishes a set amount per patient per month for a specific range of healthcare services.
By receiving a fixed fee, providers are protected from fluctuations in service utilization, which allows them to better manage their revenue and minimize the impact of unexpected costs.
Capitation, also known as prospective payment, is a reimbursement approach that offers providers the advantage of reduced utilization risk in managing healthcare expenses.
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________ are financial companies that pool money from investors and use the proceeds to create a portfolio that tracks an index or a commodity. Shares in the portfolio trade on a stock exchange.
Answers
Answer:
Mutual fund
Explanation:
Mutual funds are financial companies that pool money from investors and use the proceeds to create a portfolio that tracks an index or a commodity.
It should be noted that that a fund manager usually be in charge of the mutual fund.
In this mutual fund , the investors put their fund on securities which could be a stock or others.however the investors' returns are are not affected by fluctuation in short period.
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answers
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
calculating project ocf. quad enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.32 million. the fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. the project is estimated to generate $1.735 million in annual sales, with costs of $650,000. if the tax rate is 21 percent, what is the ocf for this project?
Answers
The operating cash flow for the project is $1,018,000.00 per year.
To calculate the operating cash flow (OCF) for the project, we need to use the following formula:
OCF = EBIT(1 - Tax Rate) + Depreciation
where EBIT is earnings before interest and taxes.
First, we need to calculate the annual depreciation expense:
Depreciation Expense = (Initial Fixed Asset Cost - Salvage Value) / Useful Life
Since the fixed asset will be depreciated straight-line to zero over its three-year tax life, the salvage value will be zero. Therefore:
Depreciation Expense = $2.32 million / 3 = $773,333.33 per year
Next, we can calculate the EBIT for the project:
EBIT = Revenue - Cost - Depreciation
EBIT = $1.735 million - $650,000 - $773,333.33 = $311,666.67
Now we can calculate the OCF:
OCF = EBIT(1 - Tax Rate) + Depreciation
OCF = $311,666.67(1 - 0.21) + $773,333.33
OCF = $244,666.67 + $773,333.33
OCF = $1,018,000.00
Therefore, the OCF for the project is $1,018,000.00 per year.
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T/F. Typically, a bond fund contains only investment-grade bonds.
Answers
The given statement "Typically, a bond fund contains only investment-grade bonds." is false becuase typically, a bond fund does not contain only investment-grade bonds.
A bond fund is a type of mutual fund or exchange-traded fund (ETF) that invests in a portfolio of bonds. Bonds within a bond fund can vary in terms of credit quality and risk. While some bond funds may focus solely on investment-grade bonds, which are bonds with a relatively low risk of default, many bond funds also include bonds with lower credit ratings, commonly known as high-yield or junk bonds. These bonds carry a higher risk of default but offer higher yields to compensate for the increased risk.
Bond funds provide investors with diversification across different bond issuers, maturities, and credit qualities. Therefore, it is not accurate to say that a bond fund typically contains only investment-grade bonds, as it depends on the specific investment strategy and objectives of the fund.
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When required, the information provided to the data subject in a HIPAA disclosure accounting …
A. must be more detailed for disclosures that involve fewer than 50 subject records.
B. is limited to the information elements the data subject specifically requests.
C. is always the same, regardless of the number of records involved.
D. is at the discretion of the organization, given its accounting policies.
Answers
Answer:
A. must be more detailed for disclosures that involve fewer than 50 subject records.
Explanation:
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was a bill enacted by the 104th U.S Congress and was signed in 1996 by President Bill Clinton. It is a federal law that protects sensitive patient health information from being disclosed without their knowledge, approval or consent and payment of health care insurance for employees.
For example, an employee or worker can receive health insurance from his or her former employer even after changing job because of the Health Insurance Portability and Accountability Act (HIPAA).
When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records.
When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records. The correct option is a.
A disclosure accounting is required under HIPAA anytime an individual who is the subject of the disclosed PHI or their personal representative requests one. There are no restrictions on how frequently an individual may request a HIPAA disclosure accounting, and Covered Entities must produce the requested accounting within 60 days of receiving the request.
An individual may request an accounting of disclosures for any time during the last six years; however, due to the administrative difficulty of recording every disclosure, Covered Entities are not required to furnish details of every disclosure in the account.
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The four traits of constructive criticism are _______.
a.
Positivity, Socially Oriented, Special, and Private
b.
Polarity, Solution Oriented, Special, and Practical
c.
Polarity, Socially Oriented, Specific, and Practical
d.
Positivity, Solution Oriented, Specific, and Private
Answers
Answer:
The answer to this question is given below in the explanation section.
Explanation:
Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.
There are four traits of constructive critisim.
So, the correct answer to this question is given below:
D: Positivity, Solution-Oriented, Specific, and private.
While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.
Answer:
D
Explanation:
Researchers and field workers can make respondents feel comfortable by ________. A) entertaining them B) providing adequate information about the project C) addressing questions of respondents D) all the above E) B and C
Answers
Researchers and field workers can make respondents feel comfortable by providing adequate information about the project.
Making respondents feel comfortable is crucial for effective research and data collection. By providing adequate information about the project, researchers can ensure that respondents understand the purpose, goals, and procedures involved. Clear communication helps establish trust and reduces any uncertainty or confusion that respondents may have. While entertaining respondents can contribute to a positive experience, it is not the primary approach for making them feel comfortable in a research setting. The emphasis is on providing information and addressing questions to establish a supportive and respectful environment.
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You are 35 years old today, and are considering your retirement needs. You expect to retire at age 65 (in 30 years), and you plan to live to 99. You want to buy a house, costing 300,000 on your 65th birthday, and your living expenses will be 30,000 a year after that (for 35 years). Assume an annual interest rate of 8%, annual compounding: How much will you need to have saved, by your retirement date, to be able to afford this? Alternatively, suppose you already have 50,000 in savings today. If you can invest at 8% a year, how much would you need to save at the end of each year, for the next 30 years, to be able to afford this retirement plan?
Answers
You would need to save approximately $1,121,695 ($1,171,695 - $50,000) over the next 30 years to afford this retirement plan.
Dividing this amount by 30, you would need to save approximately $37,389 per year for the next 30 years.
To afford your retirement plan, you will need to have saved approximately $1,171,695 by your retirement date at age 65.
To calculate the required savings, we need to consider two components: the cost of buying the house and the annual living expenses for 35 years.
The cost of buying the house on your 65th birthday is $300,000.
The annual living expenses after retirement are $30,000 per year for 35 years, totaling $1,050,000 ($30,000 * 35).
To determine the total savings needed, we can calculate the future value of the living expenses using the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Number of Periods
In this case, the Present Value is $1,050,000.
The Interest Rate is 8 percent, or 0.08 in decimal form.
The Number of Periods is the number of years from retirement age (65) to the age you expect to live to (99), which is 35 years.
Plugging these values into the formula:
Future Value = $1,050,000 * (1 + 0.08)^35
Calculating this expression, the future value of your living expenses is approximately $6,173,561.
Adding the cost of the house ($300,000) to the future value of the living expenses ($6,173,561), the total savings needed is approximately $6,473,561.
If you already have $50,000 in savings today, you will need to save the difference between the required savings and your current savings.
Thus, you would need to save approximately $1,121,695 ($1,171,695 - $50,000) over the next 30 years to afford this retirement plan. Dividing this amount by 30, you would need to save approximately $37,389 per year for the next 30 years.
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You would need to save approximately $1,121,695 ($1,171,695 - $50,000) over the next 30 years to afford this retirement plan.
Dividing this amount by 30, you would need to save approximately $37,389 per year for the next 30 years.
To afford your retirement plan, you will need to have saved approximately $1,171,695 by your retirement date at age 65.
To calculate the required savings, we need to consider two components: the cost of buying the house and the annual living expenses for 35 years. The cost of buying the house on your 65th birthday is $300,000.
The annual living expenses after retirement are $30,000 per year for 35 years, totaling $1,050,000 ($30,000 × 35).
To determine the total savings needed, we can calculate the future value of the living expenses using the formula for compound interest:
Future Value =\(Present Value * (1 + Interest Rate)^{Number of Periods\)
In this case, the Present Value is $1,050,000.
The Interest Rate is 8 percent, or 0.08 in decimal form.
The Number of Periods is the number of years from retirement age (65) to the age you expect to live to (99), which is 35 years.
Plugging these values into the formula:
Future Value = \($1,050,000 * (1 + 0.08)^{35\)
Calculating this expression, the future value of your living expenses is approximately $6,173,561. Adding the cost of the house ($300,000) to the future value of the living expenses ($6,173,561), the total savings needed is approximately $6,473,561.
If you already have $50,000 in savings today, you will need to save the difference between the required savings and your current savings.
Thus, you would need to save approximately $1,121,695 ($1,171,695 - $50,000) over the next 30 years to afford this retirement plan. Dividing this amount by 30, you would need to save approximately $37,389 per year for the next 30 years.
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A company has $410,000 in assets and $250,000 in liabilities. What is
the amount of the company's shareholder's equity?
A. $660,000
B. $80,000
C. $160,000
D. $120,000
Answers
c. 160,000
to find the shareholders equity you subtract liabilities from assets.
When is chosen by a company as a major strategy, the production system is very likely to experience sudden interruption and loss of productivity Reliability Centred Maintenance Breakdown Maintenance Predictive Maintenance Preventative Maintenance Total Productive Maintenance
Answers
When chosen by a company as a major strategy, the production system is very likely to experience sudden interruption and loss of productivity is Preventative Maintenance.
Preventive maintenance is defined as an approach that involves taking steps to preserve the integrity and safety of equipment, reducing the likelihood of unexpected downtime and breakdowns. Preventive maintenance helps to ensure that equipment is always in good working order, which can result in higher levels of efficiency, lower maintenance costs, and improved safety for employees who operate and maintain the equipment.
There are several types of maintenance, such as Reliability Centered Maintenance, Breakdown Maintenance, Predictive Maintenance, Preventative Maintenance, and Total Productive Maintenance. Reliability Centered Maintenance is a process that involves analyzing the reliability of a system and then making changes to improve its performance. Breakdown maintenance is a process that involves repairing equipment after it has failed.
Predictive maintenance is a process that involves analyzing data to identify trends and potential issues before they occur. Total Productive Maintenance is a process that involves engaging employees in the maintenance process to ensure that they are aware of the importance of maintaining equipment and taking steps to ensure that it is always in good working order.
In conclusion, preventive maintenance is an effective approach to ensure the reliability and safety of equipment, reducing the likelihood of unexpected downtime and breakdowns.
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what do you mean by agriculture related profession
Answers
Answer:
Explanation:
Agriculture careers are professionals paths related to farming, cultivation and animal husbandry. These career paths involve everything from growing crops and nurturing the soil to raising livestock like cattle, pigs and chickens.
Cost Approach to Value
There are five basic steps to the cost approach:
1. Estimate the value of the site as if vacant.
2. Estimate the reproduction cost or replacement cost (new) of all the improvements (excluding any included as part of the site value).
3. Estimate accrued depreciation from all causes (physical deterioration, functional obsolescence, and external obsolescence).
Answers
The cost approach to value is one of the three main approaches used in real estate appraisal.
It is based on the principle of substitution, which states that a rational buyer will not pay more for a property than the cost of acquiring an equally desirable substitute property. The approach involves five basic steps, starting with estimating the value of the site as if vacant, followed by estimating the reproduction or replacement cost of all the improvements, and then estimating the accrued depreciation from all causes.
The final step involves subtracting the total accrued depreciation from the replacement cost to arrive at the property's value. The cost approach is particularly useful when valuing new or recently constructed properties that do not have a significant sales history.
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What is the purpose of collateral in a secured loan?
Answers
Answer:
To reduce risks against default.
a) Discuss the 3 parameters used in measuring the quantity of money b) A small town producing only Rice and Fanta, sells 30 bags of rice and 70 bottles of Fanta in a given time period. A bag of rice costs 6000 Naira while a bottle of Fanta costs 200 Naira. i) Calculate the total naira exchanged in that time period
Answers
a) Discuss the 3 parameters used in measuring the quantity of money Money supply refers to the amount of money available in an economy at a given time. It is essential to regulate the money supply to ensure stability and growth. Three parameters used to measure the quantity of money are as follows:
1. M0 - It refers to the physical currency in circulation in an economy, including the currency in commercial banks and the central bank. It is also called the narrowest definition of money supply.2. M1 - It is the broader definition of money supply than M0.
M1 includes physical currency in circulation, demand deposits, and other deposits that can be easily converted into cash.3. M2 - M2 is the broadest measure of money supply and includes all components of M1 plus time deposits, savings deposits, and other deposits that have a maturity of less than two years. M2 provides a comprehensive view of the money supply in the economy.
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Please help
As part of the controlling function of management, a sales department's
manager measures each salesperson's performance for the month and compares it with monthly goals for sales. The manager sees that one salesperson has fallen short of his target. What should the manager do next?
A. Punish the salesperson.
B. Fire the salesperson.
C. Research the issue.
D. Reward the salesperson.
Answers
Answer: It’s research the issues
Explanation:
The other answer is wrong
The manager notices that one of his salespeople has fallen short of his goal, he should research the issue. Option C is correct.
What is the work of sales department's manager?A Sales Manager, sometimes known as a Sales Department Manager, is in charge of directing daily activities in the sales department. Sales managers are often in charge of hiring and firing people, identifying the need for and offering training, coaching sales reps, and creating sales territory.
Their responsibilities include hiring and training sales people, communicating information regarding sales targets from higher management to department workers, and creating leads to distribute among Sales Representatives.
As part of management's controlling responsibility, a sales department manager and If the manager sees that any of his salesmen has fallen short of his target, he should look into it.
Therefore, option C is correct.
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make a list of your resources
Answers
Answer:
water, air, wood, fire. is that what ur looking for
Explanation:
Lamar is a salesperson for bi-state direct. he really appreciates the amount of freedom and authority bi-state gives its sales people in order to better meet the needs of customers. lamar's experience suggests that bi-state practices:
Answers
Answer:
D . Empowerment
Explanation:
Empowerment refers to an authority or a power that is to be provided to someone in order to do something.
Here in a given case, it is represent that Lamar who is a sales person and he appreciated for the authority he have with respect to meet out the customer needs
so here this situation refers to the empowerment as he is fully utilizing his power to accomplish the company objective
Select the correct answer. tate and anna have two children who need orthodontic treatment of braces and retainers, which insurance should they purchase? a. hmo b. short-term c. supplemental d. point of service
Answers
The correct answer in this case would be a. HMO (Health Maintenance Organization) insurance. A Health Maintenance Organization (HMO) is a type of managed healthcare system that provides medical services to its members through a network of healthcare providers. HMOs typically require members to select a primary care physician (PCP) who acts as a gatekeeper for coordinating and managing their healthcare needs. Members usually need a referral from their PCP to see a specialist.
HMO insurance plans typically offer comprehensive coverage for orthodontic treatment, including braces and retainers. These plans often have lower out-of-pocket costs and may cover a significant portion of the expenses, making them a good option for families with children who require orthodontic treatment.
1. HMO insurance plans have a network of dentists and orthodontists that policyholders must use in order to receive coverage. The advantage of this is that the insurance company has negotiated lower rates with these providers, which can result in significant cost savings for the insured individuals.
2. Orthodontic treatment, such as braces and retainers, can be expensive. On average, braces can cost around $5,000 to $6,000 for a full course of treatment. Retainers may also incur additional costs. By choosing an HMO insurance plan, State and Anna can take advantage of the negotiated rates with in-network orthodontists, which can help reduce their out-of-pocket expenses.
3. HMO plans typically require policyholders to select a primary care dentist who will coordinate their dental care, including orthodontic treatment. This ensures that all treatment is coordinated and integrated, resulting in better overall care for the children.
4. Additionally, HMO plans often have lower monthly premiums compared to other insurance options, such as a short-term or supplemental plan. This can help State and Anna save money on their insurance premiums while still providing coverage for their children's orthodontic needs.
In summary, selecting an HMO insurance plan would be the most suitable option for State and Anna as it typically offers comprehensive coverage for orthodontic treatment, lower out-of-pocket costs, and a network of dentists and orthodontists with negotiated rates. This would help them manage the expenses associated with their children's braces and retainers.
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Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answers
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
the current price of parador industries stock is $57 per share. current sales per share are $22.20, the sales growth rate is 8 percent, and parador does not pay a dividend. the expected return on parador stock is 11 percent. a. calculate the sales per share one year ahead.
Answers
The sales per share one year ahead is:
1. Sales per share = Current sales per share (1 + Growth Rate)
Sales per share = $22.2(1 + 0.08)
Sales per share = $23.98
2. Stock price one year ahead = Current price (1 + Required rate)
Stock price one year ahead = $57(1 + 0.11)
Stock price one year ahead = $63.27
P/S Ratio = Stock price one year ahead / Sale per share one year ahead
P/S Ratio = $63.27 / $23.98
P/S Ratio = 2.64.
A sale is a transaction among or extra events wherein items or offerings are exchanged for cash or different assets. In the monetary markets, a sale is a settlement among a purchaser and supplier concerning the charge of a safety and its shipping for agreed-upon compensation.
In popular enterprise operations, income refer to any transactions in which cash or fee is exchanged for the possession of an amazing or entitlement to a service. In an accounting context, income refers to a company's sales earned from the income of merchandise or offerings (internet income).
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Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Answers
Answer:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Answer:
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Explanation:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
When the total market expands, the ________ usually gains the most. A) market challenger
B) market leader
C) market follower
D) market nicher
E) market entrant
Answers
When the total market expands, the market leader usually gains the most. Therefore, the correct answer is option B.
A company with the biggest market share in an industry is considered to be the market leader in that industry and is often the one driving innovation and setting trends in the industry. Market leaders have the ability to use their dominant position in the industry to frequently influence the competitive landscape as well as the path that the market takes. A market leader is often the company that has the biggest market share or the largest proportion of total sales in a particular market. As the total market expands, the market leader is able to benefit from economies of scale and increase their gains.
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