BUSINESS COLLEGE

What is the consequence of a firm in a competitive market selling a homogenous product?a. The firms capture some market power.
b. The product sold by one firm is a perfect substitute for the products sold by other firms in the same industry.
c. All the firms in the industry are the same size.
d. The product sold by one firm is a perfect complement for the products sold by other firms in the industry.
e. Firms in the industry can produce the same product with a different quantity of inputs.

Answers

Answer 1
Answer:

Answer:

The correct answer is letter "B": The product sold by one firm is a perfect substitute for the products sold by other firms in the same industry.

Explanation:

Homogeneous products are those that cannot be differentiated one from another because they have similar features and satisfy the same need. They could even be sold at the same or nearly the same price. Under this scenario, these products are perfect substitutes from one another. Consumers will not be affected if one of the manufacturers decides to stop operations.

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In preparing a statement of cash flows using the indirect​method, the Depreciation Expense​ ________. A. is shown as a negative cash flow under operating activitiesB. is added back as an adjustment to Net Income in the operating activities sectionC. is added back to Purchases of Plant Assets under investing activitiesD. is shown as a negative cash flow in the investing activities section
The delivered equipment cost for setting up a production and assembly line for two-way floating ball valves is $650,000. If the direct cost and indirect cost factors are 1.82 and 0.31, respectively, and only the direct cost factor applies to delivered equipment cost, the total plant cost estimate is approximately:a. $ 2,034,500b. $ 2,401,230c. $ 2,684,500d. $ 2,983,000
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Listening skills are important for career success and organizational effectiveness. Considered one of the soft skills, listening skills allow you to improve the effectiveness of your communication with supervisors, colleagues, and customers. To become a more powerful listener, you can employ a variety of techniques. For example, if you’re having trouble focusing on a message, you could:_________A. take a breakB. become actively involvedC. change the subject

Answers

Answer:

B

Explanation:

​________ is an Internet marketing strategy used to increase the quantity and quality of traffic from search​ engines, often by improving the​ site's position in result lists.A.
Search engine optimization
B.
Search engine marketing
C.
A clickthrough rate
D.
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Answers

Answer:

A

Explanation:

The stock of Wiley United has a beta of 1. The market risk premium is 11.5 percent and the risk-free rate is 2.3 percent. What is the expected return on this stock in percent

Answers

Answer:

9.41%

Explanation:

Wiley United has a beta of 1

The market risk premium 11.5%

= 11.5/100

=0.115

Risk free rate is 2.3%

= 2.3/100

= 0.023

Therefore the expected rate of return can be calculated as follows

Expected rate of return= Risk free rate+beta(market return-risk free rate)

= 0.023+1(0.115-0.023)

= 1.023(0.092)

= 0.0941×100

=9.41%

Hence the expected return on the stock is 9.41%

As the correlation between assets falls... Group of answer choices portfolio variance is not affected by correlation portfolio variance falls portfolio variance rises

Answers

Answer:

The correct answer is C) Portfolio Variance rises.

Explanation:

The association between two assets reflects the degree to which both assets are related.  As the correlation between two assets decreases, the variation in portfolios increases.

Investment portfolios can be protected with the creative use of Correlation Diversification.

The less correlated assets are, the less risky an investment portfolio is.

Cheers!

Sebastian received a raise this year so his income climbed from $45,000 to $52,000. Last year Sebastian purchased 2 sunglasses. This year he has purchased 7 sunglasses. Assuming that all of the other things remain constant, what type of a good are sunglasses and what type of income elasticity of demand does Sebastian have

Answers

Answer:

normal good

elastic demand

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

Income elasticity = percentage change in quantity demanded / percentage change in income

percentage change in quantity demanded = (7/2) - 1 = 250%

percentage change in income = (52,000 / 45,000) - 1 = 15.6%

250 / 15.6 =  16.07

If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

In some cases oligopolies can benefit society by:a)earning abnormal profits.

b)taking advantage of scale economies to produce at low average cost.

c)raising prices and reducing output.

Answers

Answer:

b) taking advantage of scale economies to produce at low average cost.
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