Apples and oranges are perfectly competitive products, while Ralph Lauren cologne and Maybelline cosmetics are monopolistically competitive products.
Perfectly Competitive Markets and Monopolistically Competitive MarketsA perfectly competitive can be described as a market in which there are many buyers and sellers, no transaction costs, no barriers to entry and leave, homogeneous products, no market control by a single firm, and perfect information about the price of a good.
Two examples of products sold in perfectly competitive markets are Apples and oranges.
A monopolistically competitive market is one in which several producers compete against one another, yet sell items that differ from one another and are thus not perfect substitutes.
Two examples of products sold in monopolistically competitive markets are Ralph Lauren cologne and Maybelline cosmetics.
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A new innovation is _________when it fulfills a similar market need, but does so by building on an entirely new knowledge base. (Enter one word in the blank.)
Answer: technology
Explanation:
I just answered it
A company orders and uses 6,000 cans of paint each year. Each order has a fixed shipping cost of $150 and an additional cost of $2 per can of paint. To store a can for a full year costs $5. What is the optimal number of cans of paint the company should buy during each order
The optimal number of cans of paint the company should buy during each order is 604 cans.
What is the optimal order quantity?The optimal order quantity represents the economic order quantity.
The economic order quantity is the order quantity that minimizes total costs.
The economic order quantity can be computed using the EOQ model, which is equal to the square root of [2(setup costs)(demand rate)] / holding costs.
Data and Calculations:Annual demand = 6,000
Ordering cost per order:
Fixed ordering cost = $150
Variable ordering cost = $2 per can
Holding cost = $5 per can
EOQ = square root of: [2(setup costs)(demand rate)] / holding costs.
= square root of (2 x $152 x 6,000)/$5
= square root of 364,800
= 604 cans
Thus, the optimal number of cans of paint the company should buy during each order is 604 cans.
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Economics - What’s an example where the market approach would not be appropriate? Why?
try defining what a market approach is: a method of determining the value of a product based on the selling price of similar products.
you can then proceed to think of a specific product or brand which is extremely overpriced (meaning sales volume will be low) or underpriced (meaning profit is not as much as it could be).
a simple example of this could be misjudging the value of real estate, and selling houses, land and other infrastructure for either much more or much less than you should
24. Griffin Dewatering purchases a wellpoint pump connected to a skid-mounted diesel engine for $14,000. Its market value for salvage purposes decrease by 30 percent each year. When installed on a construction job, a wellpoint system operates virtually 24/7, and operating and maintenance costs will be $3,500 the first year, increasing by $600 each year thereafter. What is the optimum replacement interval if MARR
If Griffin Dewatering's MARR is 15%, the optimum replacement interval is 2.5 years.
How is the optimum replacement interval determined?The optimum replacement interval can be determined by calculating the equivalent annual cost and using the computed value to divide the asset's price.
The equivalent annual cost (EAC) can be computed using an online finance calculator as follows.
The selection of project alternatives is based on their ability to achieve the expected return or the MARR.
Data and Calculations:Market value of engine = $14,000
Salvage value depreciation rate = 30%
Operating and maintenance costs for the first year = $3,500
Increase in operating and maintenance costs after the first year = $600
Equivalent Annual Cost = EAC = (AP * DR)/(1-(1+DR)-n)
= $5,683.62
from an online financial calculator.
Asset Price = ($)14000
Required Return Rate (%) = 15
Number of Periods (Lifespan in years) = 3.3 years (100%/30%)
Optimum replacement interval = 2.5 years ($14,000/$5,683.62)
Thus, the optimum replacement interval, which minimizes the total costs of owning and operating the asset, is 2.5 years.
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Which career field involves the design, manufacture, and use of various types of machinery, technology, and buildings?
A. engineering
B. math
C. science
D. technology
The answer I chose is A. Please correct me if I'm wrong.
Answer:
yes I believe the correct answer would be A
In what way is your emergency fund a form of insurance?.
Answer:
well you if need a lawyer.......you have a lawyer babe.
Explanation:
I have nothing to say
Answer:
If something bad happens like a tornado you have some money to fix your house or car with the insurance.
Explanation: Hope it helps ^w^
Securitization helps lenders to: A.Make more loans to lesser-qualified customers B.Increase the menu of products available to their customers C.Provide funds to the highest bidder on the secondary market
Securitization helps lenders to make more loans to lesser-qualified customers.
What is secruitization?Securitization is when a line of credit is backed up by an asset owned by the borrower. Example of a secured loan is a mortgage loan. The loan is secured by the house of the borrower.
If the borrower defaults on the loan, the asset used to securitze the debt can be taken over by the lender.
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Choose the best word or phrase from each drop-down menu. the federal reserve increases the money supply when it is trying to encourage the economy to . consumers are more willing to spend using credit when the money supply is higher because interest rates are . one major positive effect of increasing the money supply is in the unemployment rate.
Because raising the money supply boosts the economy, the optimal sentence from the drop-down box is (i) or (a).
What happens when federal reserves increase?Increasing the money supply has a number of consequences which are:
To boost the economy, the Federal government expands the money supply.
Customers use credit because interest rates are lower when the money supply is high.
The unemployment rate is reduced when the money supply is increased.
When the money supply is increased, the economy generally grows because people have more money to spend.
As the amount of money available increases, loans will become more affordable, encouraging people to take out loans knowing that they will just have to pay lesser interest rates.
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Answer:
First Drop Down: grow
Second Drop Down: lower
Third Drop Down: a decrease
Explanation:
How do stocks and bonds differ? Stocks may help you protect your money from inflation while bonds may be more susceptible to losing their value over time due to inflation. Stocks are low risk while bonds are high risk. Stocks are loans you give out to corporations and get paid back with interest; bonds are shares of a company that you own. Stocks are good for income while bonds are good for long-term growth.
Answer:
Brainliest pls
Explanation:
Stocks give you incomplete proprietorship in an organization, while bonds are credit from you to an organization or government. The greatest distinction between them is the manner by which they produce benefits: stocks should appreciate in esteem and be sold later on the securities exchange, while most bonds pay fixed interest over the long run.
How do economists use data? choose two answers. to follow and predict unemployment rates to communicate with customers instantly to ship goods to countries all over the world to explain trends in production and shipping to apply automation to reduce production costs
Two ways in which economists use data is to:
follow and predict unemployment rates. explain trends in production and shipping.How do economists use data?Economists use data that is produced from research to predict trends that will affect economies as a whole.
One trend that they focus on is unemployment as they try to figure out the rate of unemployment overtime. They also predict production and shipping trends on a global level.
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Answer:
to follow and predict unemployment rates
to explain trends in production and shipping
Explanation:
Dave bought a new car 8 years ago for $8400. To buy a new car comparably equipped now would cost $12,500. Assuming a steady rate of increase, what was the yearly rate of inflation in car prices over the 8 year period?
The yearly rate of inflation in car prices over the 8 years that Dave bought his new car for $8,400 is 5.1%.
What is inflation?Inflation is the general increase in prices of goods and services in an economy which reduces the purchasing power of the consumers.
Based on the given information, the yearly increase in the inflation rate can be computed using the present value formula from an online finance calculator as below.
Data and Calculations:N (# of periods) = 8 years
I/Y (Interest per year) = 5.1%
PMT (Periodic Payment) = $0
FV (Future Value) = $12,500
Results:
PV = 8,396.31 or $8,400
Total Interest $4,477.49
Thus, the yearly rate of inflation in car prices over the 8 years that Dave bought his new car for $8,400 is 5.1%.
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Select the correct answer.
Jenna is a popular chef in a five-star hotel. She has a secret recipe that is in high demand. Under which specific law will Jenna and her unique recipe be protected against competitor infringement?
A.
trade dress
B.
trademark
C.
trade secret
D.
patent
Answer:
D. patent
Explanation:
Simple! If she has a patent on it no one can use it.
Discount Department Stores is a national retail chain. The company had one large, central warehouse. At the suggestion of the risk manager, the company decided to build four smaller regional warehouses so that a loss at the central warehouse would not be a catastrophic blow to the company's distribution system. Splitting the inventory between four regional warehouses illustrates which risk management technique
Answer:
Brainliest pls
Explanation:
loss reduction
The amount by which government spending exceeds government revenues in a given time period is known as the: A. Budget surplus. B. Budget deficit. C. National debt. D. External debt.
Answer:
A. Budget surplus
Explanation:
A budget surplus is when income exceeds expenditure. The term " budget surplus" is used in reference to a government's financial state.
1.
Read the scenario. Then, choose the best answer.
Kenny is a college student working a part-time job as a mechanic at a local body shop.
Kenny earns an average of $25 per hour, working 20 hours per week. Kenny pays his own
health insurance of $2,200 per year and taxes of $1,000 per year.
What is his net monthly pay rounded to the nearest dollar?
Choices:
$1,733
$1,900
$2,000
$1,833
Answer:
I have to do in the ruff and give you the answer
Is a liability that represents the amount the company owes to others as a result of issuing a promissory note.
A note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.
What is a note payable?It is a document that commits its issuer (the company) to pay a certain amount, within a specific period.
Its characteristic is the exchange action, which refers to the document being returned to the subscriber in exchange for payment.
Therefore, we can conclude that a note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.
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The supply of money increases when A. the interest rate increases. B. the Fed makes open-market purchases. C. money demand increases. D. the price level falls.
Answer:
B
Explanation:
by lowering the reserve requirements
The correct option is B. When the Fed makes open-market purchases this leads to the supply of money increasing.
What do mean by open market purchase?
An insider's order to purchase or sell shares by the SEC's rules and guidelines is simply referred to as an "open-market transaction." Because the insider is willingly purchasing or disposing of shares at or near market value, an open market order is significant.
When the Federal Reserve buys government securities on the open market, it lowers interest rates overall, boosts the reserves of commercial banks, enables them to increase loans and investments, and raises the price of government securities, effectively lowering interest rates on those securities.
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The money supply is: multiple choice question. a vertical line at $100 billion. a horizontal line at $100 billion. a downsloping line that starts at $100 billion. an upsloping line that starts at $100 billion.
Based on the full data is not given, answer is subject to scrutiny. The money supply is vertical line at $100 billion.
What is money supply?The money supply is known to be the full amount of money such as cash, coins, and balances that can be seen or found in bank accounts that is usually in circulation.
Note that money supply is commonly seen as a composition of safe assets that individuals and businesses can employ to issue payments or use as a form of short-term investments.
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When performing a job search witch two of the flowing trips should you employ in regards ti the key words used
A typical keyword trick is using words that are specific to the job role you are applying for.
Job ApplicationIt is usaully a daunting task when one is searching for a job, it is often believed that searching for a job is a job on its own, however, one needs to know some tricks regarding this subject matter to be successful, such as streamlining resume to a particular job role and using the required search key words
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The Federal Reserve Bank attempted to deal with the sluggish aggregate demand that followed the housing market crash and subsequent financial crisis through:
The federal reserve bank deals with the sluggish demand that followed subsequent financial crisis through expansionary monetary policy.
What Reserve bank?Reserve bank contains the amount of money that an economy or country should not go beyond.
This money cannot be given out as loan or release to circulation and it helps to manages the supply of money in a given states.
Therefore, The Federal Reserve Bank attempted to deal with the sluggish aggregate demand that followed the housing market crash and subsequent financial crisis through Expansionary monetary policy.
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PLEASE HELP!! I WILL GIVE BRAINLIEST!!!
Your manager has been asked to speak to a community group about an upcoming development project that will be demolishing an old mall and building a mixed-use space with apartments, retail, and office space—a topic that has created some controversy in the community. She’s asked for your help in putting together her presentation. Do you think that a live or virtual presentation would be most effective? Why? What types of multimedia elements do you think would be most engaging? Why?
Answer:
use both the photos to help with the anwer it cut the photo so you have to go back and forth for the anwer
What is the Job Outlook for Senior Vice President of Theatre Operations?
Answer:
What is the work of senior vice president?
---------------------------------------_-----------+----;;-----
What is the work of senior vice president?
Senior Vice Presidents set business goals (e.g maximizing revenue) and solve internal issues when needed. They supervise Vice Presidents and managers and evaluate each department's performance. They also ensure employee compliance with company policies.
Senior Vice Presidents set business goals (e.g maximizing revenue) and solve internal issues when needed. They supervise Vice Presidents and managers and evaluate each department's performance. They also ensure employee compliance with company policies.
BRAIN LESS ANSWER
Which of the following would be added to the balance per books on a bank reconciliation?
A. NSF check
B. Deposits in transit
C. Outstanding checks
D. Notes collected by the bank
Deposits in transit would be added to the balance per book on a bank reconciliation.
What is Bank reconciliation?Bank reconciliation is the process by which cash balances available in an individual or organization accounting records are matched together the corresponding information of bank statement. The main objective of this statement is distinguish the differences between the book changes and the accounting records as appropriate.
Therefore, Deposits in transit would be added to the balance per book on a bank reconciliation.
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When Assist You 2 adds a dollar amount to the cost of products to get the selling price, this dollar amount is called a
The dollar amount that is added to the cost of products to get the selling price is the mark-up (profit) per unit.
What is mark-up?The mark-up in dollars is the amount that is added to the cost price to determine the selling price.
The mark-up can also refer to a percentage, which is added to the cost price to arrive at the selling price.
In accounting, the mark-up (in dollars) or (in percentage) represents the profit or margin.
Thus, the dollar amount that is added to the cost of products to get the selling price is the mark-up (profit) per unit.
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Costs and benefits that always differ between alternatives are ______ costs and benefits.
It should be noted that costs and benefits that always differ between alternatives are relevant costs and benefits.
What is Relevant cost?Relevant cost can be described as managerial avoidable costs that are incurred only when making specific business decisions.
The relevant cost is can be used to eliminate unnecessary data when making decision.
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In path–goal theory, which leadership style is best for managing employees who are new to dealing with ambiguous, unstructured tasks?.
Answer:
Directive Leadership
Explanation:
Directive Leadership style is a leadership style where all the power is with the leader and is highly centralized and undivided.
Starting at equilibrium point d, if the cost of inputs rises, the short-run equilibrium will move to point _____, and thus real output will _____ and the price level will _____.
Answer:
Starting at equilibrium point D, if the cost of inputs rises, the short-run equilibrium will move to the point B, and thus real output will Decrease and the price level will Increase.
Explanation:
This means it will go down but the price is gunna increase.
-Hope This Helps!
-Justin:)
Mother nature produces dirt, tlaloc turns the dirt into brick, and bob creates brick houses. The economy is characterized by the table. Note all figures are measured in dollars. What is the value added for mother nature?.
The value added for Mother Nature given the information in the table is $2,850.
What is the value added?
Value added is the increase in the value of an asset in the production process. It is when in the process of production, the intermediate goods are increased in value.
Value added = value of sales - cost of intermediate goods.
2850 - 0 = $2850
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Since there are advantages and disadvantages for all types of incentive pay, organizations offset the disadvantages by ______.
What organization do to offset the disadvantages by increasing the pay or awarding them for a job well done
Incentive pay by organizationsIncentives are bonuses given to employees based on their performance on the job.
Incentives are used to encourage production-line workers to increase their production output,
These incentives are known to be both advantageous and disadvantageous, what organizations do to offset the disadvantages by increasing the pay or awarding them for a job welldone
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Which advertising option reaches more than 96 percent of all households, both in their homes and outside of homes in places such as bars, fitness centers, or airports
The advertising option that reaches more than 96 percent of all households including bars, fitness centers, or airports is known as TV
What is Advertising?This refers to the creation of awareness for a good or service through different mediums so that customers would come to purchase those goods.
Hence, we can see that the TV advertising option is so popular that it gets to about 96% of all households and is also popularly used in bars, fitness centers, etc.
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