Business, 17.12.2019 00:31 logan541972

In oligopoly industries, when one firm increases its output, price (options: increases; decreases; stays the same).

b). this increases the profit of the firm if the (options: quantity; price) effect is greater than the (options: quantity; price) effect.

c). since firms will increase output as long as they believe that individual profits will increase:

1). firms will produce the perfectly competitive output.

2). firms will produce more output than is optimal for the industry as a whole.

3). firms will be able to maximize individual profits.

4). firms will produce the monopoly output.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 03:00

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Answers: 1

Answer

Business, 22.06.2019 09:40

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

Answers: 3

Answer

Business, 22.06.2019 11:10

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

Answers: 2

Answer

Business, 22.06.2019 17:40

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Answers: 1

Answer

You know the right answer?

In oligopoly industries, when one firm increases its output, price (options: increases; decreases...

Questions