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V125BC [204]
2 years ago
5

Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer

’s body heat. After a close encounter with a shark, a customer discovers that the new material protects against shark bites. Soon after, Millcorp’s sales explode and it achieves 90% market share in diver wetsuits. Which of the following best describes this situation?a)Millcorp has a lawful natural monopolyb)Millcorp has a lawful innocent acquisition of a monopoly.c)Millcorp does not have a monopoly.d)Millcorp can likely be found guilty of pursuing monopoly power.
Business
2 answers:
spin [16.1K]2 years ago
8 0

Answer:

B) Millcorp has a lawful innocent acquisition of a monopoly.

Eddi Din [679]2 years ago
5 0

Answer:

B) Millcorp has a lawful innocent acquisition of a monopoly.

Explanation:

Millcorp has a lawful innocent acquisition of Monopoly because Millcorp isn't aware that the newly acquired material for wet suit protect against shark bite. The motive if acquiring the material was to better hold in the wearer's body heat.

The innocent acquisition of the material and the new discovery has increased the demand for Millcorp product which will increase its profits

Monopoly:This a market structure in which a seller sells a unique product.

The product sold by the seller cannot be easily substituted.

The Monopoly is characterised by

1) Single seller and many buyers

2) Absence of competition

3) No close substitute

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A fast-growing form of foreign direct investment is sovereign wealth funds (SWFs). Why do these investments by governments with
PolarNik [594]

Answer:

Large firm can gain control of natural resources.

Explanation:

Investments by governements with surplus cash flows do worry trade expert as believe as investing in large firm by goverment will take away control of natural resouces by government and corporate will have more control on natural resources, sensitive technologies of nation and management control.

Generally, sovereign wealth funds (SWFs) is governement funded investment to improve economy and develop nation and it´s citizen, however, a fast-growing form of foreign direct investment is sovereign wealth funds will have adverse affect on country´s citizen and resources nation have.

5 0
2 years ago
For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian
tensa zangetsu [6.8K]

Answer:

3 salads, 6 vegetarian burgers

Explanation:

Data provided in the question:

Weekly food budget = $36

Cost of salad, Cs = $6

Cost of vegetable burger, Cv = $3

Now,

Let the number of salads be 'S'

and, the number of vegetable burgers be 'V'

thus,

S × Cs + V × Cv = $36

or

S × $6 + V × $3 = $36      ............(1)

also,

2 salads and 4 vegetarian burgers will give her a utility of 8

i.e U(2, 4 ) = 8

or

U( S, V ) = SV

Now,

From optimal marginal utility condition

Marginal rate of substitution = \frac{MU_S}{MU_V}=\frac{Cs}{Cv}

or

\frac{V}{S}=\frac{6}{3}

or

V = 2S       ..........(2)

substituting the above value in 1

S × $6 + 2S × $3 = $36  

or

6S + 6S = 36

or

12S = 36

or

S = 3

substituting S in (2)

V = 2(3)

or

V = 6

Hence,

3 salads, 6 vegetarian burgers

4 0
2 years ago
Elise is the marketing manager in a travel company. She is planning to place an advertisement in local newspapers to promote her
Scorpion4ik [409]

Answer:

The answer is C. link the advertisements to online promotions.

Explanation:

Now lets take a look at it one by one and see why C is the answer.

As in option A, she can ask a few friends whether they've seen the ad or not, but their replies would not accurately show the success of the promotion strategy.

In Option B,  it take some time to measure the results and the quarterly sales numbers can be influenced by many factors and may not reflect the impact of this specific promotional campaign.

Option D is irrelevant, Elise's company sales and the sales of the newspapers are not related. So we can not take this as an answer.

Option C however is very applicable. If you link the advertisements to online promotions, when those who read the news paper comes to check the online promotion, we can see how well has the ad performed based on the number of online enrollments of the readers.

6 0
2 years ago
Your friend is a business owner in a planned economy. In a few sentences, explain how central authority impacts his business.
loris [4]

Answer with Explanation:

A "Centrally Planned Economy" refers to an economy where the government's authority affects the economic decisions of the business owners. This means that the business owners and the consumers do not have a say when it comes to their decisions regarding the supply and demand of the items.

This also means that the business owner cannot decide on what product he will be producing, including its process of production and distribution.

Additional Explanation:

Although the command economy signals a <em>lack of freedom for business owners,</em> it has some advantages as well. It results to <u>low unemployment level.</u> The government has the ability to set the number of workers that the business owners will hire in order to address the unemployment rate. Products and services that will be produced are all directed for <em>the good of the people</em>. It is not "profit-driven."

7 0
2 years ago
One way to possibly make jobs more ​ ________ would be to connect employees with the beneficiaries of their work or service that
amm1812

Meaningful.

People will have more motivation if they know their work is meaningful and makes an impact.

4 0
2 years ago
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