Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. True or False: The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets.
Answers
Answer:
- Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. FALSE: This characteristics correspond to competitive markets, which are those markets where prices are determined by sellers and buyers simultaniouslly, and, none of them individually can exert influence over prices (nor sellers or buyers in particular) . Aditionally, goods or services must be homogeneous or equal.
- The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets: TRUE: digital cable is not an identical product (different sellers offer different options of channels, the service they offer is heterogeneous) and there are not many sellers, in a way that they cannot exert influence over prices. Then, it is not a competitive market.
Related Questions
A single stock futures contract on a nondividend-paying stock with current price $180 has a maturity of one year. a. If the T-bill rate is 4.0%, what should the futures price be? (Round your answer to 2 decimal places.) Futures price $ b. What should the futures price be if the T-bill rate is still 4.0% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price $ c. What if the interest rate is 6.5% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price $
Describe the two types of brakes fitted on a motor vehicle
You are searching for the details of a refrigerator in Google. When you perform the search, advertisements by home appliance manufacturers appear above the organic search results displayed by Google. These advertisements link you to the online appliance store of the companies. Which of the following terms refer to these advertisements?A) pay-per-click adsB) floating adsC) interstitialsD) superstitialsE) banner ads
Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly outside group acquired 20 percent of the shares, existing stockholders will be able to buy new shares at 25 percent below the currently existing stock price.A. How many shares must the unfriendly outside group acquire for the poison pill to go into effect?B. What will be the new purchase price for the existing stockholders?
Answers
Answer:
1.98359
Explanation:
Given that :
Index have three stocks and the prices of those sticks are $93, $351, and $74, respectively. Usually what stock split does is to increase he number of share outstanding without any interference with the original total amount of money.
So if Baker ( the company B ) undergoes 2:1 split stock, it typically implies that one share will be divided by two shares.
New divisor for price - weighted index is given by the formula:
Price weighted index =
Price of stock B before stock split is = $351
To determine the new stock B after stock split; we have
Price weighted index₀ =
=
= $175.5
The new divisor for the price weighted index is as follows;
Price weighted index =
Price weighted index =
Price weighted index = 1.98359
Thus, the new divisor for the price weighted index = 1.98359
Answer:The New Divisor for the price weighted index = 4.29 (rounded off to two decimals)
Explanation:
Able stock = $93
Baker = $351
Charlie = $74
Price Weighted Index Formula = sum of company share prices/number of companies
Price Weighted Index Formula = ($93 + $351 + $74)/5
Price Weighted Index = $425/5 = $85
The Price Weighted index before share split = $85 and the divisor is 5
Calculating the New Divisor for the Price weighted index
Let The new divisor for the price weighted index be α
Price of Barker stock after sare split = $351 x 1/2 = $175.5
Price Weighted Index = 85
Price Weighted Index= ($93 + $175.5 + $74)/α = $85
($93 + $175.5 + $74)/α = $85
cross multiply
$85α = ($93 + $175.5 + $74)
$85α = $342.5
α = $342.5/$85 = 4.29411765
α = 4.29
The New Divisor for the price weighted index = 4.29 (rounded off to two decimals)
B. opportunity cost.
C. nonsatiety
D. rationality.
Answers
Answer:
B. Opportunity Cost
Explanation:
Comparative Advantage is when an economy can produce certain goods & services at a lower opportunity cost than other trading economies.
Opportunity cost is the cost of next best option forgone while choosing a particular option.
Comparative advantage (production ability at lower opportunity cost) implies: Economy can produce a good/ service by sacrifising lesser amount of other good, than the other economy.
Example : Production Possibilities of 2 countries, 2 goods :-
Good X Good Y Opportunity Cost (Goods Ratio)
Country A 10 30 1:3 (10/30)
Country B 5 10 1:2 (5/10)
Country A can produce Good Y by sacrifising 3 units of Good X, Country B can produce Good Y by sacrifising 2 units of Good X. So, B can produce good Y at lesser opportunity cost than A. Hence, country B has comparative advantage in good Y.
B. the account that includes transactions like imports and exports, income earned by Americans abroad, and net transfers to other countries.
C. the national income account that tracks all purchases made by businesses within the last six months.
Answers
Answer:
The account that includes transactions like imports and exports, income earned by Americans abroad, and net transfers to other countries.
Explanation:
A current account can be defined as an account that record the different transactions a country carries out with another country. A current account comprises of net primary income, earnings from foreign investors that have occurred within a particular period of time.
Almost all countries are involved in trading of goods and services with another country, a current account helps to evaluate the manner in which a particular country traded their different goods with foreign markets.There tends to be a postive balance of a country exports more goods than it imports.
Answers
Answer:
John is correct but Lynn isn't
Explanation:
John is correct because he left his coat with the coatroom attendant under the premise that it would be properly looked after and returned to him when he was done having lunch at the restaurant. However, Lynn just left her coat lying around under no ones care or supervision, there wasn't a predetermined agreement that anyone would be responsible for watching it on her behalf, therefore I don't think she is has the right to sue.
Answers
Answer: Protective tariff
Explanation: Protective tariffs are basically designed to protect the domestic producers from foreign competition. These tariffs raise the retail price of imported products making them expensive in comparison to domestic products and thereby making domestic products more competitive.
Thus, by placing a tax on imported equipment in order to make it more expensive, these industries hope that Protective tariff will allow u.s. producers to be more competitive.
Final answer:
The labor unions and businesses in the heavy equipment industry are seeking to place a tax on imported equipment in order to make it more expensive, which is an example of using tariffs to raise the prices of foreign goods and protect domestic industries.
Explanation:
The action taken by labor unions and businesses in the heavy equipment industry to ask the U.S. Congress to place a tax on imported equipment in order to make it more expensive, with the aim of allowing U.S. producers to be more competitive, is an example of using tariffs. Tariffs are taxes imposed on imported goods, serving the purpose of raising the prices of foreign goods and protecting domestic industries. Many countries utilize tariffs as a means of raising revenue while also shielding domestic industries from foreign competition.
Learn more about tariffs here:
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Answers
Maria’s utility-maximizing point is: 3 salads, 6 vegetarian burgers. Therefore, the correct option is C.
Given information: Each salad costs $6 and each vegetarian burger costs $3. Maria’s weekly food budget is $36.
3 salads cost will be:
= $18
6 vegetarian burgers cost:
= $18
Total cost: $18 + $18 = $36
When Maria is consuming 3 salads and 6 vegetarian burgers, she is spending $36 which is equal to her budget i.e. $36. So, it is Maria’s utility-maximizing point.
The happiness or benefit that a person obtains from consuming a good, using a service, or participating in an activity is referred to as utility. It stands for the arbitrary evaluation of how highly a person values or likes a given option or choice.
Thus, the ideal selection is option C.
Learn more about utility here:
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The complete question might be:
For Lunch, Maria Eats Only Salads Or Vegetarian Burgers. Her Weekly Food Budget Is $36. Each Salad Costs $6 And Each Vegetarian Burger Costs $3. When Deciding How Much Of Each Good To Buy, Maria Knows That 2 Salads And 4 Vegetarian Burgers Will Give Her A Utility Of 8. Maria’s Utility-Maximizing Point Is: A. 6 Salads, 1 Vegetarian Burger B. 4 Salads, 6
32. For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian burger costs $3. When deciding how much of each good to buy, Maria knows that 2 salads and 4 vegetarian burgers will give her a utility of 8. Maria’s utility-maximizing point is:
A. 6 salads, 1 vegetarian burger
B. 4 salads, 6 vegetarian burgers
C. 3 salads, 6 vegetarian burgers
D. 2 salads, 8 vegetarian burgers