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sveta [45]
1 year ago
11

The National Hockey League locked out the hockey players in an effort to negotiate a salary cap with the players' union. A cap w

ould limit the payroll of each team. League officials acknowledged that the teams have brought the problem on themselves by overspending and overpaying some players in an effort to compete for the best players. Why would the teams have caused this problem for themselves?
A. They were caught in the logic of the prisoner's dilemma in which each player maximizing his own self-interest leads to an outcome that is worse off for everyone.B. They tried to create a cartel and suffered the consequences of too much collusionC. They tried to create a perfectly competitive market, but failed to do so.
Business
1 answer:
shusha [124]1 year ago
8 0

Answer: A. They were caught in the logic of the prisoner's dilemma in which each player maximizing his own self-interest leads to an outcome that is worse off for everyone.

Explanation:

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Of the following companies, which uses a direct marketing channel? A. Showdown, a clothing store that stocks merchandise from di
Stels [109]

Answer:

The correct answer is D. Holly Wreaths, a store that sells Christmas ornaments to customers via its online click-to-order catalogs

Explanation:

Direct marketing channel is the process of selling directly to the end buyer without any intermediary.

Holly Wreaths is selling directly to customers via its online click-to-order catalogs so this is direct marketing channel.

8 0
2 years ago
Dayna’s Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C  100  5Q  Q2, and demand is P  55  2Q.
Sauron [17]

Answer:

Explanation:

Given the following data about Dayna's Doorstep Inc(DD) :

Cost given by; C = 100 - 5Q + Q^2

Demand ; P = 55 - 2Q

A.) Set price to maximize output;

Marginal revenue (MR) = marginal cost (MC)

MR = taking first derivative of total revenue with respect to Q; (55 - 2Q^2)

MC = taking first derivative of total cost with respect to Q; (-5Q + Q^2)

MR = 55 - 4Q ; MC = 2Q - 5

55 - 4Q = 2Q - 5

60 = 6Q ; Q = 10

From

P = 55 - 2Q ;

P = 55 - 2(10) = $35

Output

35(10) - [100-5(10)+10^2]

350 - 150 = $200

Consumer surplus:

0.5Q(55-35)

0.5(10)(20) = $100

B.) Here,

Marginal cost = Price

2Q - 5 = 55 - 2Q

4Q = 60 ; Q = 15

P= 55 - 2(15) = $25

Totally revenue - total cost:

(25)(15) - [100-(5)(15)+15^2] = $125

Consumer surplus(CS) :

0.5Q(55-25) = 0.5(15)(30) = $225

C.) Dead Weight loss between Q=10 and Q=15, which is the area below the demand curve and above the marginal cost curve

=0.5×(35-15) ×(15-10)

=0.5×20×5 = $50

D.) If P=$27

27 = 55 - 2Q

2Q = 55 - 27

Q = 14

CS = 0.5×14×(55 - 27) = $196

DWL = 0.5(1)(4) = $2

6 0
2 years ago
A pegged exchange rate means the value of the currency is fixed relative to a reference currency, and then the exchange rate bet
Ganezh [65]

Answer: True

Explanation: When the central monetary authority of a country attaches the value of their country's currency in relation to any other country's currency, then such an arrangement is called pegged exchange rate system.

The reference currency used by the authorities are generally of those countries which have a strong monetary base like US dollar or Euros.

Hence, from the above we can conclude that the given statement is true.

3 0
1 year ago
When using analytics programmes on your website, which of these do not fall under the category of a metric?A Browser users use t
marta [7]

Answer:

The correct answer is A

Explanation:

Analytics programmes or the data analytics is the one which refers to the techniques involve both quantitative and qualitative and the processes that is used in order to enhance the productivity as well as the business gain.

Data is extracted in order to identify or recognize as well as analyze the behavioral patterns as well as data and the techniques vary as per the requirements of the company.

And if the analytical programme is used on the website, the browser users cannot use the access to the site under the metric category.

6 0
2 years ago
ou currently own 10 percent of the 3.0 million outstanding shares of Webster Mills. The company has just announced a rights offe
REY [17]

Answer: 9.09% ownership

Explanation:

Your current ownership of the shares in Webster Mills is 10% of 3 million.

That means that you own,

= 10% * 3 million

= 300,000 shares.

The new offering that the company is doing equates one right to each share of existing stock and is expected to raise $12 million in new financing at a cost of $40. The goal is to find out how many new shares this will add.

= 12,000,000/40

= 300,000 shares

This means that 300,000 new shares will be added.

There are already 3,000,000 shares outstanding and now there are 300,00 extra which would bring the total to,

= 3,000,000 + 300,000

= 3,300,000 outstanding shares.

Since you sold your rights then you still have shares but now your percentage of ownership will change because of the increase in outstanding shares.

Your ownership percentage is now,

= 300,000 shares (that you own) / 3,300,000 (new outstanding balance)

= 0.0909

= 9.09%

Your new ownership position is that you own 9.09% of Webster Mills.

8 0
1 year ago
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