Answer:
Nola and Charles Collusion at Trident, IA.
Helping or Impeding Scenarios:
Helping Scenarios:
4. Nola and Charles are regulars at the same coffee house. They talk regularly
5. Charles and Nola both charge a fixed per person price for a party
Impeding Scenarios:
1. Charles develops a signature appetizer that becomes the must have in Trident
2. A party planning school opens and the new graduates are ready to plan!
3. Nola lowers her price on national television
6. Nola's marginal cost is lower than Charles's.
7. Most of the parties are given by Trident's largest employer, a water bottling plant.
Explanation:
Nola and Charles can only enter a collusion agreement secretly because it is illegal. Since the agreement is secret, it is not enforceable in the court of law. The tendency for Nola and Charles to be entangled in the prisoner's dilemma is very high. It is also not possible for them to protect their collusion for very long because they have different cost bases and core competencies that derail collusion on a sustainable large scale. Graduates of party organization and other market participants, including the large firm that hosts most of the parties in the area will end the collusion before long.
Answer:
Indirect Labour Cost, Direct Labour Cost
Explanation:
Direct Labour Cost
This is the type of cost incurred or wages paid to workers or employees that directly works on project. For example, laborer, foreman, painters, machine operators, delivery man etc. all belongs to this category. They are wages paid to the category of employees or workers who physically produce products.
Indirect Labour Cost
These are wages paid to those group of workers or employees that perform tasks that do not directly contribute to the production of goods or performance of services. For example, we have accountants, security guards, administrative officers, supervisors, inspectors and so on. It is also known as Overhead cost. They are not involved in the active part of conversion of raw materials into products.
Answer: Debit to Work in Process of $67,000
Explanation:
Direct Labor costs incurred when producing are sent to the Work in Progress account to show that they were direct costs in the making of a product and so should be included in the cost of the good.
They are debited to the Work in Progress account and credited to the Wages Payable account.
From the above, the direct Labor costs are $67,000 and so this will be debited to the WIP account.
Answer:
The answer is "Business intelligence".
Explanation:
It's a technology-based data mining system that allows managers, customers, and executives to make more informed marketing decisions as well as provides order to make efficient.
It is a system that implies a big data value, which is created as the authority of the data in the organization was being used as a tool.
Answer: The answer is -2.42
Explanation:
P1 = $4 Q1 = 800
P2 = $4.50 Q2 = 600
Using the midpoint formula, we have:
For price:
P2 - P1/(P2 + P1)/2
= 4.5 - 4/(4.5 + 4)/2
= 0.5/4.25
= 0.12
For quantity:
Q2 - Q1/(Q2 + Q1)/2
= 600 - 800/(600 + 800)/2
= -200/700
= -0.29
Price elasticity of demand = change in quantity/change in price
= -0.29/0.12
= -2.42.
