Homework Answers
1. Valid options:
- Scarce resources
- Government intervention
- Economies of scale
- Aggressive business tactics
Explanation: All the given options can result in monopolies.
2. Option 4. They encourage innovation
Explanations: Copyrights and patents provide incentive to firms to innovate.
3. Option 2. Increase demand for its products and make demand more inelastic.
Explanation: Advertising would help in create brand loyalty and demand would be more inelastic.
Add Answer to:
Which of the following can create monopolies? Instructions: You may select more than one answer. Click...
(1)Product differentiation makes the demand for a monopolistically competitive firm’s product A perfectly elastic. B more...
(1)Product differentiation makes the demand for a monopolistically competitive firm’s product A perfectly elastic. B more elastic than in a competitive market. C perfectly inelastic. D less elastic than that of a monopoly. E less elastic than in a competitive market. 2. Successful advertising under monopolistic competition might A help consumers understand why products in the industry are homogeneous. B reduce the price elasticity of demand for that firm’s output. C create a high barrier to entry. D make the...
7 a What are the determinants of demand? Instructions: You may select more than one answer...
7 a What are the determinants of demand? Instructions: You may select more than one answer Click the box with a check mark for correct answers and an X for the wrong answers 476 2 Income Price of related goods 7 A goods own price 2 lechnology Print Tastes and preterences Resource prices Number of consumers b. Indicate whether a change in the value of each of the following determinants of demand leads to a movement along the demand curve...
Factory overhead includes: (You may select more than one answer. Single click the box with the...
Factory overhead includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) direct materialsunanswered direct laborunanswered indirect laborunanswered depreciation on factory equipmentunanswered depreciation on general and administrative computersunanswered factory utilitiesunanswered general and administrative utilities
Why might credentialism be an obstacle to growth? Instructions: You may select more than one answer....
Why might credentialism be an obstacle to growth? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Degrees become more important than the knowledge learned. Credentials cannot be validated. The result is an underutilization of credentials. Not everyone can get a credential. People who have the ability but not the money to get a credential are kept from higher quality jobs...
1. For _____ goods, income elasticity is positive. Instructions: You may select more than one answer....
1. For _____ goods, income elasticity is positive. Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. a. normal b. necessity c. luxury d. inferior 2. If a good has an income elasticity of 1.83, then it: a. probably has a lot of close substitutes available. b. is an inferior good, and a necessity. c. is a normal good, and a...
Select the items below which must be adjusted to the book balance: You may select more than one answer
Knowledge Check 01 Select the items below which must be adjusted to the book balance: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect) deposits in transit book error break erroroutstanding checks interest earned on checking accountcollections of accounts receivable...
Which of the following statements about credit sales are true? (You may select more than one...
Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Revenue is reported when the company is paid by the customer.unchecked Accounts receivable arise from credit...
Choose the answer to each blank: Are interlocking directorates illegal per se?Is price fixing illegal per se?,...
Choose the answer to each blank: Are interlocking directorates illegal per se?Is price fixing illegal per se?, a. yes/no b. yes/yes c.no/no d. no/yes OC 16. Technollogioel diseminton oe d ion Gthe d of ew ges gh e ndt price taler merket bends to ope btake place a pid s take place st a slow be consten be egl ned by harrirs to ery barriers o US ws 17. The Aeon attr case was important becae it seeed to make...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm:...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
Knowledge Check 01 How can a company enhance its document procedures? (You may select more than...
Knowledge Check 01 How can a company enhance its document procedures? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) U Assign sequential numbers to documents O Check to ensure that each document number corresponds...
7 a What are the determinants of demand? Instructions: You may select more than one answer Click the box with a check mark for correct answers and an X for the wrong answers 476 2 Income Price of related goods 7 A goods own price 2 lechnology Print Tastes and preterences Resource prices Number of consumers b. Indicate whether a change in the value of each of the following determinants of demand leads to a movement along the demand curve...
Choose the answer to each blank: Are interlocking directorates illegal per se?Is price fixing illegal per se?, a. yes/no b. yes/yes c.no/no d. no/yes OC 16. Technollogioel diseminton oe d ion Gthe d of ew ges gh e ndt price taler merket bends to ope btake place a pid s take place st a slow be consten be egl ned by harrirs to ery barriers o US ws 17. The Aeon attr case was important becae it seeed to make...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
Knowledge Check 01 How can a company enhance its document procedures? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) U Assign sequential numbers to documents O Check to ensure that each document number corresponds...
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 55 minutes ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 57 minutes ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 3 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 4 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 4 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 5 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 6 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 6 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 7 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 7 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 8 hours ago