Suppose that Boeing and Rolls-Royce Holdings are the sole producers of a particular jet engine. The two firms currently charge the same price for their products. If neither firm reduces the price of its engine, each firm earns $36 million in profit. If both firms reduce their prices, then each firm will earn $10 million in profit. If one firm reduces its price and the other does not, then the firm that reduces its price will earn a profit of $50 million while the other firm will earn a profit of $5 million. If the firms can operate as a cartel, then

Answers

Answer 1

Answer:

each firm reduces its price.


Related Questions

Monetarists argue that the Federal Reserve System should
A. institute a prescribed rate of growth in the money supply.
B. self-correction is less effective than activist monetary policy.
C. policymakers should use monetary policy rather than fiscal policy to stabilize the economy.
D. since velocity is unstable, a fixed annual increase in the money supply will exacerbate inflation in the long run.

Answers

Answer:

C. policymakers should use monetary policy rather than fiscal policy to stabilize the economy.

Explanation:

Monetarists argue that the Federal Reserve System should "use monetary policy rather than fiscal policy to stabilize the economy."

According to monetarists, a monetary policy is a policy that involves the regulation or control of money supply, including the rate of interest such that it regulates the microeconomic of a nation. Hence, Monetarists argue that the Federal Reserve System should "use monetary policy rather than fiscal policy to stabilize the economy, " because it helps in the control of inflation, consumption, development, and cash flow.

which component of effective high-performance teams is represented by the use of real-time feedback devices acls

Answers

Answer: Quality

Explanation:

High-performance teams refers to the teams, or organizations which focuses on their goals and therefore achieve superior results and outperform other similar teams.

The component of effective high-performance teams that is represented by the use of real-time feedback devices is quality.

A high-performance team is described as a combination of people with particular responsibilities and supplementary abilities and skills aligned with and dedicated to a shared goal, who constantly exemplifies cooperation and mutual and innovative thinking, start producing excellent performance, and suppress revolutionary or drastic views that may be harmful.  

The component of effective high-performance teams is represented by the use of real-time feedback is  Quality.

The high-performance team is known for being the similar, main objective, and sound better system that helps any group member to overcome any obstacles in attaining the team's objectives.

In psychology, quality is a property or feature of an element. The concept of qualities, and notably how to identify different kinds of characteristics from one another, is still debated in contemporary philosophy.

To know more about the high-performance teams and quality, refer to the link below:

https://brainly.com/question/21852404

A certain product has supply elasticity 0.4 and demand elasticity 2.7. If a tax were placed on the product, what is most likely to happen

Answers

Answer:

Sellers will bear more of the tax burden.

Explanation:

5. Give an example of 'Post Purchase Behavior being important in the buying
process of an individual buyer.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

This would be my example of Post Purchase Behavior being important in the buying process of an individual buyer.

When an individual buys a car, the seller usually shows a great attitude to take care of the client, he continually answers questions and facilitates the process. But the deal is done, it seems that the salesman and the company automatically disappear.

Post Purchase Behavior is important in the buying process of an individual buyer because it really shows the interest and the willingness of the company to take care of their clients. Here is when the salesman or the customer care agent follows up and offers the client a series of services or options to make the client feel comfortable and assure him that he did the best purchase.

The customer care agent can frequently call the client or contact him through email, to ask about how he feels with his new car, if he has encountered any problems if the company can be of help, maybe offering the client a "thank you gift" to create a loyalty bond, and more.

On March 7, a buyer and a seller execute a contract for the purchase of the seller's property. Closing is set for June 10. On April 15, the property is struck by lightning and destroyed by the resulting fire. If the Uniform Vendor and Purchaser Risk Act has been adopted by the state in which the property is located, which party bears liability for the loss?

Answers

Answer:

Under the act, the seller bears the loss alone.

Explanation:

Since in the given question it is mentioned that on march 7 the buyer and seller comes into the contract and on April 15 the property is destroyed so as per the given act, here the seller party bears the liability for the loss alone as he is full responsible of it also the closing is to be on June 10

Therefore the above should be the answer

Prior to recording adjusting entries, the office supplies account had a $360 debit balance. A count of the supplies showed $105 of unused supplies remaining. The required adjusting entry is

Answers

Answer:

debit Office Supplies Expense, $255; credit Office Supplies, $255.

Explanation:

Based on the information given the required Appropriate adjusting journal entry is:

Debit Office Supplies Expense $255

Credit Office Supplies $255

($360-$105)

Shampoo manufacturers understand that consumers have different needs when it comes to what type of shampoo they use, such as for curly hair, two-in-one ease of use, or color protection. Knowing that, shampoo manufacturers have divided the market based on these various needs and developed shampoos to accommodate each group. By doing so, these shampoo manufacturers are involved in

Answers

Answer:

market segmentation

Explanation:

Market

People or an organization with needs or wants and the ability and willingness to buy.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Market Segmentation

The process of dividing a market into meaningful, relatively similar, and identifiable segments or groups.

What is your long term career goal?

Answers

To own a electrical business

Tenant Tomas and landlord Landis enter into a contract for Tomas to rent Landis's home for two years. Halfway through the lease, Tomas decides to install smart lights and a security system that requires intensive modifications to the wiring and electrical system. May Tomas make such improvements?

Answers

Answer:

Yes, with Landis' permission

Explanation:

Yes, with Landis' permission.

Any major modifications to a property leased must be done with the knowledge and permission of the landlord. In the case of Thomas(Tenant), the permission of Landis (Landlord) must be sought before Thomas can install the smart light and security system on the property.

Glowbot is a mobile app development firm. The firm allows its employees to grow by giving them the liberty to make their own decisions to help maximize the firm's benefits as well as the customer's benefits. The employees are treated fairly, and diversity is welcomed in the organization. This scenario illustrates the concept of _____.

Answers

Answer:

C) an organizational plurality

Explanation:

A) diversity pairing

B) skill-based diversity

C) an organizational plurality

D) structural accommodation

Emphasizing the negative consequences that may occur unless a consumer changes behavior is called ________.

Answers

Answer:

a fear appeal

Explanation:

Fear appeal is the strategy that induces fear in an individual with the aim of preventing a particular behaviour.

Usually a risk is presented to person and the consequences of taking a particular action is highlighted.

Fear appeal emphasises the negative aspects of a situation to discourage the participants from acting a particular way.

It is an important tool in malong positive change in an individual's attitudes, intentions, and behaviours.

Relative to a flat organizational structure, a tall structure has a _____ span of management and _____ hierarchical levels.

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Answer:

Relative to a flat organizational structure, a tall structure has a Narrow span of management and more hierarchical levels.

An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to

Answers

Answer: uncertainty about the ability of the issuer to make timely payments of interest and principal

Explanation:

AAA refers to the highest possible rating which can be assigned to the bond of an issuer by the main credit rating agencies. It should be noted that AAA bonds possesses a high degree of creditworthiness.

An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to uncertainty about the ability of the issuer to make timely payments of interest and principal.

What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners

Answers

Answer:

Imports will increase

Explanation:

Exports provide money into the system, increasing the GDP of the exporting country. If a country imports items, it does so from outside manufacturers. The money that is spent on imports departs the economy, lowering the GDP of the importing country.

Imports will rise if the United States' economic growth outpaces that of its main trade partners.

How investment tax credit and employment tax credit can be used to address unemployment?

Answers

Answer:

Investment tax credit means that companies will pay less taxes if they invest in new projects. These new projects will need people to work on them for it to be successful. When companies take advantage of investment tax credits therefore and invest, they end up hiring people which would reduce unemployment.

Employment tax credit has a more direct effect on unemployment. It reduces taxes per worker hired so if an employer wants to take advantage of this, they should employ more people which would directly reduce unemployment.

Sun Petroleum Corp. recently moved its operations from Galveston, Texas, to Somalia. The decision to move was the result of new federal regulations regarding clean air standards that all petroleum corporations are subjected to. A critic of globalization would say this example demonstrates what concern

Answers

Answer:

Facilities in advanced nations are moving to less developed countries that have lower environmental regulations.

Explanation:

The move from Texas to Somalia seem to be one which aimed at allowing the company to operate under less strict regulations especially legislations regarding environmental pollution and degradation owing to ozone layer depletion and climate change resulting from high carbon emission. Petroleum processing generates a lot of carbon and strict federal regulations have been established in other to control emission in most developed countries such as Texas where Sum petroleum operates. Therefore Sun petroleum's move to Somalia will be seen as one which is aided by the company's desire to operate under less strict environmental guidelines.

Memorial Hospital CEO conducts performance reviews of the hospital's departments and discovered that the average cost of deliveries ($5,000) was above their average revenue, and that the hospital was losing $700 on each delivery. From the information on how much the hospital is losing on deliveries, what is the change in profit for each extra delivery

Answers

Answer:

Memorial Hospital

From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:

= 16.3%.

Explanation:

a) Data and Calculations:

Average cost of deliveries = $5,000

Average revenue per delivery = $4,300 ($5,000 - $700)

Loss on each delivery = $700

The change in profit for each extra delivery is

= 16.3% ($700/$4,300 * 100)

b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.

In _____ planning, frontline managers usually focus on routine tasks such as production runs, delivery schedules, and human resource requirements.

Answers

Answer:

operational

................

1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)'

Answers

Answer:

0.31

0.27

Explanation:

Here is the full question used in answering this question

Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: (Enter your answers in millions, not in dollars.)

($ in ,millions)

Current assets:

Cash and cash equivalents $307

Current investments 82

Net receivables 218

Inventory 122

Other current assets 138

Total current assets $867

Current liabilities:

Accounts payable $1,165

Short-term debt 709

Other current liabilities 904

Total current liabilities $2,778

Required:

Calculate the current ratio and the acid-test ratio for Queen's Line

Current ratio is an example of a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations. the higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations

Current ratio = current asset /current liability

867 / 2778 = 0.31

Acid test ratio also known as the quick ratio measure the ability of short term assets to meet current liabilities

Acid test ratio = (current asset - inventory) / current liabilities

(867 - 122) / 2778 = 0.27

A _____, offered by companies such as American Express, carries no spending limit, and the entire amount billed to the card is due at the end of the billing period.

Answers

Answer:

Charge card

Explanation:

A charge card is a type of electronic payment card in which there is no interest is to be charged but you needs to the pay the balance of the statement either full or monthly basis. Also it has the highest annual fee that should be charged

So as per the given situation, it is the charge card scenario

please help me,its economics, what is the other for real GDP and nominal GDP​

Answers

Answer:

The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. ... Using a GDP price deflator, real GDP reflects GDP on a per quantity basis.

om recently received 2,180 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale

Answers

Answer:

the amount of loss on the sale is $4,360

Explanation:

the computation of the amount of Tom's income or loss on the sale is shown below:

= 2,180 shares ×$12 - 2,180 shares × $14

= $26,160 - $30,520

= $4,360

Hence, the amount of loss on the sale is $4,360

The same should be relevant

Using an end-of-period spreadsheet, the flow of accounting information moves from the a.financial statements to the adjusted trial balance. b.adjusting entries straight to the financial statements. c.adjusted trial balance to the financial statements. d.unadjusted trial balance to the financial statements.

Answers

Answer:

C. adjusted trial balance to the financial statements.

Explanation:

The end-of-period spreadsheet can be regarded as accounting tools used in summarizing the movement of transactions that has been carried out throughout an accounting period. It is a tools that give representation of the end of the current accounting period.

permanent accounts that been found

the balance sheet, which are not not closed are been consisted by The post-closing trial balance.

It should be noted that Using an end-of-period spreadsheet, the flow of accounting information moves from the

adjusted trial balance to the financial statements.

If it is impractical for a company to adapt to the situation in a developing-country market, the company should ______.

Answers

Answer:

avoid that market.

Explanation:

Developing countries can represent a good business opportunity for companies that want to achieve market gain and profitable advantages. Some of these advantages can be the lower cost of the initial investment, tax incentives for the company to establish itself in that country, cheaper labor, and other advantages that imply a more advantageous and competitive value chain for such an organization.

But on the other hand, developing countries can also pose risks for companies, especially when there is political risk that can make it difficult to operate the company effectively and result in capital and investment losses. When there are such risks, the best thing for companies is to avoid that market and look for one whose adaptation to the market situation of the developing country is totally favorable for business.

Required-: JOURNAL ENTRY
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque
please help Me with this.
I'm still confused in it.​

Answers

Explanation:

Given:

Paid 28,000 in full settlement

Explanation:

Books of (......LTD)

Journal entries

Particular                                                  Debit   Credit

Sansee stores              A/C DR.             30,000

To Discount                 A/C CR                           2,000

To Bank                        A/C CR                          28,000

_______________ target ultimate consumers while _______________ target members of the marketing channel.

Answers

Answer:

b

Explanation:

bc

______ communication takes place when individuals from different levels and different departments communicate.

Answers

Answer:

Diagonal

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

Basically, the organizational structure comprises of three (3) main dimensions and these are;

I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).

II. The horizontal dimension: this divides the organization into subunits.

III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Employees working in an organization are said to engage in a diagonal communication when they communicate with other employees in other departments and on different levels such as level 8, 9, 10, 12, 14, as the case may be.

For example, a diagonal communication takes place when John that's on level 8 in the marketing department communicates with Claire who's on level 10 in the customer relationship management (CRM) department.

what are the main functions of HR department

Answers

Answer:

Personnel administration.

Personnel recruitment and selection.

Compensation and incentive management.

Development of a positive work climate.

Employee performance evaluation.

Staff training and development.

Labour relations.

Occupational health and safety.

Explanation:

The functions of a human resources Department are numerous and diverse, as this team is responsible for managing a company's human capital to meet the established business objectives. The personnel department is key in any company, from attracting and retaining talent to guaranteeing the interests and well-being of employees.

Oriole Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $19800 Deposits in transit 950 Notes receivable and interest collected by bank 4880 Bank charge for check printing 100 Outstanding checks 12700 NSF check 1090 The adjusted cash balance per books on August 31 is $11780. $10790. $24440. $23490.

Answers

Answer:

$23490

Explanation:

Update the Cash Book by recording the items that appear in the Bank Reconciliation Statement and not in the Cash Book.

Cash Book

Debit  :

Balance before adjustments                    $19,800

Notes receivable and interest                   $4,880

Totals                                                        $24,680

Credit :

Bank charge                                                   $100

Dishonored check                                      $1,090

Balance (adjusted)                                   $23,490

Totals                                                        $24,680

The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in price. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient

Answers

Answer:

Elasticity coefficient = 0.5

Explanation:

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

percentage change in price if gasoline = 20%

percentage change in quantity demanded = 10%

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

= 10% / 20%

= 1/2

= 0.5

Elasticity coefficient = 0.5

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