the table below presents the industry output for three different industries. firmindustry 1 outputindustry 2 outputindustry 3 outputfirm a5010010firm b50010firm c50010firm d0010all other firms00100 instructions: round your answers to two decimal places. a. calculate the four-firm concentration ratio for each industry. industry 1: % industry 2: % industry 3: % b. based on the information provided, what market structure best characterizes each industry? industry 1: (click to select) industry 2: (click to select) industry 3: (click to select)
Answers
a. Industry 1: 90%, Industry 2: 80%, Industry 3: 60%
b. Industry 1: Highly Concentrated, Industry 2: Moderately Concentrated, Industry 3: Less Concentrated.
Concentration Ratio is a measure of the degree of concentration or competition in a market. It represents the percentage of market share held by the largest firms in an industry. The four-firm concentration ratio is calculated by summing the market share of the top four firms in an industry.
For Industry 1, the four-firm concentration ratio is 90%, indicating a highly concentrated market, where the top four firms control almost the entire market share. In Industry 2, the four-firm concentration ratio is 80%, indicating a moderately concentrated market, where the top four firms have a significant market share but there is still some competition from other firms. In Industry 3, the four-firm concentration ratio is 60%, indicating a less concentrated market, where the top four firms have a moderate market share, leaving room for smaller firms to compete.
Based on the concentration ratio, we can conclude that Industry 1 is an oligopoly, where a few large firms dominate the market, while Industry 2 is also an oligopoly but with more firms competing. Industry 3 is likely a monopolistically competitive market with several small firms competing, but no single firm dominates the market.
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Related Questions
which of the following is not a tool of monetary policy? group of answer choices open market operations reserve requirements changing the discount rate increasing the government budget deficit
Answers
The following is not a tool of monetary policy open market operations.
Does monetary policy use the discount rate as a tool?The Fed's board of governors determines the discount rate, which is a tool for monetary policy that can be changed upward or downward. The Fed's role as a lender of last resort includes lending at the discount rate, which is one of its main instruments for implementing monetary policy.
Which of the following is not a monetary policy tool, according to the quiz?the tax rate for businesses. Congress, not the Fed, decides the corporate tax rate. It is not a tool for monetary policy as a result.
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What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answers
Answer:b
Explanation:
marks company makes one product. the standard for materials is 4.5 pounds at a cost of $16 per pound. during march, marks made 10,000 units of the product using 50,000 pounds at a total purchase price of $825,000. what is the materials price variance?multiple choice question.$25,000 unfavorable$22,500 favorable$22,500 unfavorable$25,000 favorable
Answers
The materials price variance for March is $22,500 favorable. The materials price variance measures the difference between the actual cost of materials purchased and the standard cost of materials specified.
In this case, the standard cost for materials is 4.5 pounds at $16 per pound, resulting in a standard cost of $72 per unit (4.5 pounds x $16/pound). During March, Marks made 10,000 units of the product using 50,000 pounds of materials. The total purchase price for the materials was $825,000. To calculate the materials price variance, we compare the actual cost per pound with the standard cost per pound. Actualcost per pound = Total purchase price / Total pounds purchased = $825,000 / 50,000 pounds = $16.50 per pound.
The standard cost per pound is $16.
Materials price variance = (Actual cost per pound - Standard cost per pound) x Total pounds purchased
= ($16.50 - $16) x 50,000 pounds
= $0.50 x 50,000 pounds
= $25,000 favorable.
Therefore, the materials price variance for March is $22,500 favorable, as indicated in the multiple-choice options.
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I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
Answers
the slowdown in the growth of real wages in the united states since 1973 is consistent witha conccurent
Answers
The slowdown in the growth of real wages in the United States since 1973 is consistent with a concurrent increase in productivity. Real wages refer to the purchasing power of wages, taking into account inflation.
The growth of real wages depends on various factors, including productivity levels and labor market conditions.
Since 1973, productivity in the United States has continued to increase, meaning workers are producing more goods and services per hour worked. However, this increase in productivity has not been matched by a corresponding increase in real wages.
There are several factors that have contributed to this phenomenon. One factor is the decline in unionization, which has weakened the bargaining power of workers. Additionally, globalization and technological advancements have increased competition and put downward pressure on wages.
In summary, the slowdown in the growth of real wages in the United States since 1973 is consistent with the concurrent increase in productivity, as well as other factors such as the decline in unionization and the impact of globalization and technology.
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Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.
Answers
Answer:
if you pick a job you really dont like you're not gonna go to it clock in none of that picking a job you like and comfortable with you'll want to go everyday and give 110 percent
Answer:
Actually enjoying doing a job can give you a lot more motivation than doing one you hate. Be careful to pick a job you'll actually enjoy so you'll have a reason to work hard for it.
17. Lewis signed a contract for the rights to all timber located on Nine Mile Mine. He agreed to pay $70 per thousand board feet ($70/mbf). As he began work, Nine Mile became convinced that Lewis lacked sufficient equipment to do the job well and forbade him to enter the land. Lewis sued. Nine Mile moved for summary judgment. The mine offered proof that the market value of the timber was exactly $70/mbf, and Lewis had no evidence to contradict Nine Mile. The evidence about market value proved decisive. What is the issue
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Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation
Answers
Answer:
Developing an action plan which identifies ways to achieve the goals.
Explanation:
Reviewing & Revising the Plan
Involves:
regularly assessing the financial decisions
taking a complete review of finances at least once a year
making priority adjustments which will bring financial goals in line with current life situation
Effective change management requires Mark Zuckerberg’s active leadership to lead change.
Analyse how this can be performed, using Kotter’s 8-step model for change management.
Answers
Mark Zuckerberg can use Kotter's 8-step model for change management to effectively lead change in the organization.
Kotter's 8-step model provides a structured approach to managing and leading change. Mark Zuckerberg can apply this model by first establishing a sense of urgency, creating a guiding coalition of influential individuals, and developing a clear vision and strategy for the change. He should then communicate the vision, empower employees, and generate short-term wins to build momentum. Consolidating gains, anchoring the change in the culture, and continuously reinforcing the change will ensure its long-term success. By actively leading and supporting the change process, Zuckerberg can drive the organization's transformation and achieve the desired outcomes.
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Most people report drinking with co-works most acceptable at: a meal with a client or customer a holiday party O a retirement party a celebration of a company millstone a meal with a co-worker
Answers
Most people report drinking with co-workers most acceptable at a meal with a co-worker.
When it comes to drinking with co-workers, a meal with a co-worker is generally considered the most acceptable setting. This setting provides a more casual and informal environment where colleagues can socialize and bond over a meal while enjoying a drink together.
It allows for relaxed conversations and can contribute to building better relationships among co-workers. On the other hand, drinking at a meal with a client or customer may require more professionalism and discretion, as the focus is primarily on business-related discussions. Holiday parties, retirement parties, and celebrations of company milestones may also involve alcohol, but they are typically more festive and less formal occasions where the atmosphere is more relaxed and socializing with co-workers is encouraged.
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Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?
CES
CSAT
PSC
NPS
Answers
Answer:
Simple Random Sample
Explanation:
Suppose you manage a delivery company and you must choose between two transportation methods: (a) truck or (b) train. (a)Trucks: Costs U$ 26,000 upfront. For each mile it runs it costs U$ 2.00 in gas. Maintenance costs U$ 4,000 per year and additional U$ 1.00 per mile run. (b)Train: To lease a container that carries the same volume of orders as the truck it costs U$ 10.000 per year. In addition it costs U$ 4.00 per mile to move orders around. Which method has the lowest cost
Answers
Answer:
Which method has the lowest cost: Train.
Explanation:
From the scenario given between using the truck or train for transportation, the option with the lowest cost happens to be by train despite having high cost per mile for moving the goods.
For example, if the goods is to be moved over 1000 miles, it would cost the truck higher than when the train was used.
For Truck:
Cost of Truck: $26,000
Gas: $2 × 1000 = $2000
Extra: $1 × 1000 = $1000
Total: $29,000
For Train:
Cost: $10,000
Mile cost: $4 × 1000 = $4000
Total: $14,000
Therefore, for every 1000 miles covered, it was cheaper to use the train (lease a container carrier in train) than to use the Truck.
i will give 100 points please help
Answers
Select the correct answer.
In the United States, which assessment system measures inflation?
ОА.
demand for goods
OB. supply of goods
OC.
consumer price index
OD. money supply in the economy
Answers
Answer:
C. consumer price index
Explanation:
The consumer price index CPI is the index used in the USA to measure inflation. The CPI calculates changes in the weighted average prices of a basket of goods and services representing consumer expenditure in the economy. The average change in prices computed in the CPI communicates the rate of inflation.
Inflation is the average change in prices in the economy in time. The CPI measures the changes in the weighted average prices of a basket of goods and services representative of consumer spending. Therefore, the CPI measures the rate of inflation.
The ratio of the price of two goods on a graphed budget line is measured by its:.
Answers
There are lines in budget. The ratio of the price of two goods on a graphed budget line is measured by the slope of the budget.
What is a budget lineThis is regarded as a two-dimensional graph that shows the various choices one have between two goods given the money one have to spend. It is also known as budget constraint.
The ratio of the price of good X that is found on the horizontal axis to the price of good Y on the vertical axis is known as the slope of the budget.
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Bob has been training with you for three months. He has lost 15 pounds (7 kg) and has changed his eating habits. A new position with his company is going to require him to travel around the country almost every week. In terms to eating healthy in restaurants, what information would be most beneficial to him
Answers
Answer: Select smaller portions, order grilled items vs. fried, and limit sauces
Exercise often
Explanation:
Dieting asides it involving food has great discipline that is most important. In as much as an individual stops some meal or limit taking some, he needs to be consistent in the decision to stick by appying discipline in eating irrespective of their location, with the goal that was in the mind when the process began. Bob would have to continue with the same routine of food that made him loose weight and what I'll recommend for him would be Select smaller portions, order grilled items vs. fried, and limit sauces. Then, exercise often.
Now suppose that there is an option to abandon the project after 1 year! so the project costs $137,000 to begin today. this begins phase 1 there is learning involved in the first year. proceed to phase 2 only if phase 1 is promising. there is a 10% chance that phase 1 will be promising. if phase 1 is promising invest $2.75 million next year and build the plant. it will generate $350,000 per year forever (starting the year after) and is almost risk free. if phase 1 is not promising abandon the project.. what is the npv of the project? company wacc
Answers
-$122,119.05 is the npv of the project if there is an option to abandon the project after 1 year! so the project costs $137,000 to begin today.
Present Value of infinite Cash Flows = Cash Flow per year / WACC
NPV of Project = (Probability of Phase 2 * NPV of Phase 2) + (Probability of no Phase 2 * NPV of no Phase 2) - Cash Outflow for Phase 1
NPV of Project = -$122,119.05
Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.
Ability to generate positive cash flows, or more specifically, potential to maximize long-term free cash flow, is ultimately what determines a company's ability to create value for shareholders (FCF). After deducting any funds used for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its regular business activities.
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XYZ, Inc., has 5 million shares outstanding and will issue 1 million shares of new stock through an upcoming rights offering. Regarding the rights offering, a registered representative (RR) should know that A) XYZ will issue 1 million rights. B) the exercise price is generally lower than the current market price at issuance. C) the value of the right will generally increase after the ex-date. D) a shareholder will generally have two to three weeks to exercise the rights.
Answers
Answer:
B) the exercise price is generally lower than the current market price at issuance.
Explanation:
The exercise price refers to the price at which the stock will be sold through the rights offering. The rights offering takes place between existing stockholders and they are given the option to purchase a given amount of stocks, generally proportional to the stocks that they own before the new issuance. The market price of the stocks is the price at which the stocks are sold in open trading markets.
F the economy booms, Meyer&Co. Stock will have a return of 23. 9 percent. If the economy goes into a recession, the stock will have a loss of 12. 4 percent. The probability of a boom is 72 percent while the probability of a recession is 28 percent. What is the standard deviation of the returns on the stock? Options: 13. 88% 12. 72% 16. 30% 14. 95% 9. 40%
Answers
The probability of a boom is 72 percent while the probability of a recession is 28 percent. 7.48%, is the standard deviation of the returns on the stock. Thus, option (a) is correct.
To compute the standard deviation of the returns on Marco. stock, we must use the formula: Standard deviation = square root of variance.
The expected return of the stock is (0.72 × 0.239) + (0.28 × (-0.124)) = 13.668%.
The variance of the stock is (0.72 × \((0.239 - 0.13668)^2\)+ (0.28 × \((-0.124 - 0.13668)^2)\) = 0.0056.
The standard deviation of the returns on the stock is the square root of 7.48% (approximately).
As a result, the significance of the standard deviation of the returns on the stock are the aforementioned. Therefore, option (a) is correct.
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The ultimate success of new products (goods or services) primarily depends on: Select one: a. The reputation of the organization b. Consumers accepting them c. The strength of the marketing efforts d. The organization's brand identity
Answers
Consumer acceptance is the primary determinant of the ultimate success of new products.Option b is correct.
The ultimate success of new products (goods or services) primarily depends on consumers accepting them (option b). While the reputation of the organization (option a), the strength of the marketing efforts (option c), and the organization's brand identity (option d) all play significant roles, it is consumers accepting the new products that ultimately determines their success in the market.
Consumers accepting new products means that they find value in the offerings and are willing to purchase and use them. Factors such as the product's quality, features, price, and how well it meets the needs and desires of the target market are crucial in gaining consumer acceptance. Positive word-of-mouth, recommendations, and reviews from satisfied customers also contribute to consumer acceptance.
While a strong organization reputation, effective marketing efforts, and a well-established brand identity can positively influence consumer acceptance, they are not guarantees of success. Without consumer acceptance, even the most reputable organization, powerful marketing campaigns, and strong brand identity may not translate into sustained demand and profitability for new products.
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Best Appliances INC makes consumer appliances. Best could be liable for a design defect is there is a foreseeable risk of harm posed by a product and what?
Answers
Best Appliances INC could be held liable for a design defect if the product poses a foreseeable risk of harm and deviates from the reasonable expectations of an ordinary consumer. Liability may result in legal consequences and the need to compensate for damages or modify the design for enhanced safety.
A design defect refers to a flaw or error in the design of a product that makes it unreasonably dangerous for its intended use. To establish liability, the following elements must be proven: foreseeability, risk of harm, and deviation from reasonable expectations.
Foreseeability involves determining whether the manufacturer or designer should have reasonably anticipated the potential risks associated with the product's design.
This requires considering factors such as industry standards, known hazards, and prior incidents.
The risk of harm means that the design defect must pose a foreseeable danger to users when the product is used as intended. This can include physical injuries, property damage, or other forms of harm.
Lastly, the design defect must deviate from the reasonable expectations of an ordinary consumer.
This means that the product's design is unreasonably dangerous or unsafe compared to what an average consumer would expect.
If these elements are established, Best Appliances INC could be held liable for the design defect, potentially resulting in legal consequences, such as compensation for damages, product recalls, or the need to modify the design to enhance safety.
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Brainliest and 50 points!!!
Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
Answers
Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answers
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
What did madame cj walker create that help her achieve success?
Answers
Madam C. J. Walker create that help her achieve success was the hair care and beauty products for African Americans sale.
Who is Madam C. J. Walker?Madam C.J. Walker was the born on the 23 December 1867 and the died on the 25 May 1919. Her full name was Sarah Breedlove. Her children name is A'Lelia Walker. He was the invented the hair-straightening formula and the comb heat to straight.
According to the Madam C. J. Walker, were the African Americans popular entrepreneurs. He was success on the invented the hair-straightening formula. She was the sale of hair care and beauty products.
As a result, the significance of the Madam C. J. Walker are the aforementioned.
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Write any five methods of getting information of foreign employment and discuss any one of them.
Answers
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to:A. fill at least one key position with a nonfamily member.B. discontinue hiring family members.C. allow for minimal performance by family members.D. exclude outsiders while planning succession.E. hire family members alone.
Answers
Peter Drucker, a renowned management guru, advised that for family-managed businesses to survive and prosper, they should fill at least one key position with a nonfamily member.
This ensures that the business has the benefit of diverse perspectives, and that family members can focus on core tasks. Additionally, Drucker suggests that family members should not be excluded from planning succession; instead, the focus should be on providing meaningful roles for family members, while still allowing for external input. This ensures that the family business will be able to continue to thrive, even in the event of changes in ownership. Finally, it is important to note that hiring family members alone is not sufficient to ensure the longevity of the business. Instead, the focus should be on finding talented professionals who can help the business succeed.
Hence, Peter Drucker, a renowned management guru, advised that for family-managed businesses to survive and prosper, they should fill at least one key position with a nonfamily member.
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What are some physical cues I should look for when carding guests?
Select all that apply and then click Submit.
• Height
• Weight
• Age
• Bone structure
• Gender
• Eye color
Answers
Answer:
Our accredited state alcohol training certification courses and food handlers courses help provide best practices and training tips for you to meet state, local, business, and professional needs. Our focus is to help you serve your patrons safely and be a successful bartender or server. Get your alcohol training certification online quickly with our training courses. Choose from the state-level seller-server course, Responsible Alcohol Manager course, Master Bartender course, Food Handler courses, and food manager certification. For bartender training, we have a two-for-one deal with our The Ultimate Guide To Bartending e-book and our Master Bartender course. Together, these provide the best seriously in-depth yet easy-to-follow book and course combination available on your iPhone, Android phone, tablet, or computer. We cover topics in our bartender courses about how to become a bartender, how old you need to be to become a bartender, how much is a bartending license, and how to get your bartender license. For reference, we have a web page dedicated to some helpful bartender career statistics in the US. For general information on obtaining a bartending license (not specific to any state), see our Ultimate Guide to Getting a Bartending License.
The Most Reputable and Recommended Alcohol Training Certification Happy bartender making a cocktail ServingAlcohol. offers the best option to accomplish your online certification. We go beyond the basics of alcohol awareness and carding techniques to deliver everything you need to know as an alcohol seller-server in your state. Over the past 35 years, we have become the most widely respected authority in responsible alcohol training by state and local officials. Our alcohol server certification program prepares alcohol sellers to sell and serve alcoholic drinks on and off-premises responsibly. We offer a wide host of state courses and bundles (combined with food safety handling courses) to suit your employment needs and business operations.
Pls Mark As Brainliest If The Answer Is Correct
Age is a physical cue I should look for when carding guests. Thus option C is correct.
What are physical cues?Use physical clues like examples, eye contact, facial emotions, and hand-over-hand touch. Other cues can be signs, a church bells, or dimmer lights.
State rules and regulations differ when it to requesting IDs, and the FDA also establishes a minimum carding age. Congress enacted laws in December 2019 that set the frisking age at under 30 and increased the legal drinking age from 18 to 21 for all tobacco and vapor products.
While some establishments set its carding practices at a specified age level, others require employees to card ALL clients. In a few years, it's conceivable that all IDs will be scanned prior to the purchase of a time-of-life commodity. Therefore, option C is the correct option.
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Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answers
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
Answers
which budgeting approach requires justification for all expenditures
Answers
Answer:
i would love to help you but i dont know the answer