5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply curves (S = MC) in the market for hot dogs.

Answers

Answer 1

Answer: The graph shows that as quantity of hot dogs and the price of hot dogs increases, the supply of hot dogs will increase while the demand from customers will decrease. The point on the graph that will show the market price and quantity resulting from competition is where the supply and demand lines will meet (at 60 hot dogs and $3.5 per hot dog). The area that represents consumer surplus will be anywhere on the graph where the demand from the consumers is higher than the supply of the hot dogs. Conversely, the area that represents producer surplus will be anywhere on the graph where the supply of the hot dogs is greater than the demand from the consumers.

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Another way to achieve the same goals as minimum wage and rent control (without keeping markets from reaching equilibrium levels) is to increase _____ directly.
Which of the following contributed to the creation of the Federal Reserve System? I. the bank panic of 1907 II. the Great Depression III. the savings and loan crisis of thethe 1980sa. I onlyb. II onlyc. III onlyd. I and II onlye. I, II, and III

What is the advantage of having only one inbox?

Answers

Answer:

B. You never have to wonder if you are forgetting something

Explanation:

you can receive all emails without switching to other inboxes. its convient and faster

If an interest rate is fixed that means the ratea. is adjustable.
b. can go up or down based on factors in the credit market.
c. will stay the same during the entire term of the loan.
d. transfers part of the interest risk from the lender to the borrower.
Which of the following does NOT appear on a credit report?
a. debt
b. condition of debt
c. risk level rating
d. photo of debtor

Answers

If an interest rate is fixed that means the rate will stay the same during the entire term of the loan.

What is the main feature of chat rooms?alternate text messaging
delayed text messaging
real-time text messaging
offline text messaging

Answers

The correct answer is C. Real-time text messaging

Explanation:

Chat rooms are websites that allow users to send messages to others even if the other person is on the other side of the world. Due to the nature of these websites, these are used by users to know people or talk about common interests. Besides this, chat rooms differ from other websites because it implies synchronous conferencing, this implies messaging occurs in real-time because to contact any other user she/he needs to be online and messages are sent and received immediately. Thus, from the options, the main feature of chat rooms is real-time text messaging.

Real-time messaging, obviously.

you have a lot of social media marketing experience. do you think people really trust social media as an informational source?

Answers

While social media is used as an informational source, the trust placed in that information varies based on the credibility of the source, the type of content, and the platform.

People do use social media as an informational source, but the level of trust varies among individuals. The trustworthiness of information on social media often depends on factors such as the source's credibility, the type of content, and the platform being used.

Credibility is crucial when evaluating information on social media. Users tend to trust information from established brands, influencers, or experts in a specific field. However, they might be skeptical of information from unknown sources or those with a history of spreading misinformation.

The type of content also plays a role in trust. Users are more likely to trust factual, well-researched articles, videos, or posts, rather than opinion-based or sensationalized content. Content that aligns with a user's beliefs may also be perceived as more trustworthy.

Lastly, the platform itself can affect trust. Different social media platforms cater to different demographics and have distinct content moderation policies. Platforms with a reputation for fostering transparency and promoting reliable information will generally be perceived as more trustworthy by their users. Users must exercise critical thinking when evaluating information on social media to ensure its trustworthiness.

For more about social media:

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Plateau periods are times in life when A. you should cancel your upcoming vacation. B. nothing seems to happen. C. all kinds of new things happen. D. you should maintain your current approach to life.

Answers

Plateau periods are times in life when nothing seems to happen. The correct answer is B. In linguistics, for example, plateau effect is when you are studying a language, and you reach a certain point where you feel you are stagnating, that nothing is really happening and you're not advancing in any way. Simiarly to this, it happens in life as well, when you feel as if nothing around you is changing, you've come to a point where everything is constantly the same.

The correct answer is (B).

Plateau periods are times in life when nothing seems to happen.

Further Explanation:

Plateau periods:

The plateau periods are a time when it feels like nothing seems to happen in life. This is a situation when a person feels that nothing is going to happen in life, he or she may have reached a position in life, and life has got stagnant.

Justification for the correct and incorrect answer:

You should cancel your upcoming vacation: This option is incorrect.

The plateau period is a time when you reach a point in life and it feels like nothing is happening.

Nothing seems to happen: This option is correct.

The plateau period is a time in life when you feel like nothing is happening.

All kinds of new things happen: This option is incorrect.

The plateau period is a situation in life, a person feels nothing is happening.

You should maintain your current approach to life: This option is incorrect.

The plateau period is a stagnant situation in life when someone feels like nothing is happening.

Learn More:

1. Photosynthesis

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2. Six kingdoms of life

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3. Stages of life

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Answer Details:

Grade: High school

Chapter: Plateau periods

Subject: Business life

Keywords: Plateau periods are times in life when A. you should cancel your upcoming vacation. B. nothing seems to happen. C. all kinds of new things happen. D. you should maintain your current approach to life.

Agency problems within a corporation are _______________. a. conflicts among stockholders with differing objectives b. conflicts between stockholders and financial intermediaries c. conflicts among managers with competing interests d. conflicts between managers and stockholders

Answers

Answer:

The correct answer is option d.

Explanation:

Agency problems can be defined as the problems that arise out of the conflict of interest when a party is expected to act in the best interest of others.

It arises out of a relationship between an agent and a principal. The agent is supposed to perform a task on behalf of the principal.

For instance, managers of a corporation are agents who are supposed to work in the best interests of principal, who are stockholders. Agency problems will arise when managers will act in their own self-interest instead of the stockholders'.

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