You should answer all the questions on a test unless ____

Assume that a six-firm cartel supplies 500 million units of Whatailsya energy drink at a price of $5.00 per unit. Each firm supp

bazaltina [42]

Answer:

The net gain for the firm cheating the cartel is US$ 183 million (rounding the answer to the nearest million).

Explanation:

1. Let's review all the information provided for solving this case:

Number of firms that supply Whatailsya energy drink = 6

Amount of production of the cartel of six firms = 500 million units

Price of the energy drink = US$ 5

Amount of production of the firm that decided to break the cartel = 50 million extra units

Price after the extra production is sold = US$ 4.50

2. Let's find the individual production of each firm before and after the 50 million extra units and the net gains for the cheating firm.

Individual production of each firm of the cartel = Amount of production of the cartel/Number of firms

Individual production of each firm of the cartel = 500 million units/6

Individual production of each firm of the cartel = 83.33 million units

Individual sales of each firm before the 50 million extra units = Individual production * Price of the energy drink

Individual sales of each firm before the 50 million extra units = 83.333 million * 5

Individual sales revenue of each firm before the 50 million extra units = US$ 416.666 million

New production amount of the firm cheating the cartel = 83.333 + 50

New production amount of the firm cheating the cartel = 133.333 million units

Price of the energy drink after the extra production is sold = US$ 4.50

New sales revenue of the firm cheating the cartel = New production amount * Price of the energy drink after the extra production is sold

New sales revenue of the firm cheating the cartel = 133.333 million * 4.50

New sales revenue of the firm cheating the cartel = US$ 600 million

Net gain of the firm cheating the cartel = New sales revenue of the firm cheating the cartel - Individual sales of each firm before the 50 million extra units

Net gain of the firm cheating the cartel = 600 million - 416.666 million

Net gain of the firm cheating the cartel = 183.333 million

Net gain of the firm cheating the cartel = US$ 183 million (rounding the answer to the nearest million)

6 0

2 years ago

Caribbean Airlines has installed automated ticket machines in its major airport terminals that enable passengers to purchase tic

nalin [4]

Answer:

Contributor to quality and satisfaction

Explanation:

Service experiences are the results of interrelation between the customers and the organization respectively. Customer satisfaction is one of the basic requirement of any service provider. At some instances, customers play a very important role in achieving the satisfaction and the value of the service received. Also, they have roles in achieving quality and productivity while experiencing the service.

6 0

2 years ago

Howard Cooper, the president of Glacier Computer Services, needs your help. He wonders about the potential effects on the firm’s

larisa [96]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

8 0

2 years ago

Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing

Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card. Therefore, she will bear the full cost. However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0

2 years ago

Read 2 more answers

Strand company is planning to sell 400 buckets and produce 380 buckets during march. each bucket requires 500 grams of plastic a

Alekssandra [29.7K]

Given the data in the problem, we can calculate the cost of production for each bucket:

one bucket requires:

500 grams of plastic and one-half hour of direct labor.

The plastic costs $10.00 per 500 grams and the employees are paid $15.00 per hour.

Therefore, one bucket costs (material and labor):

$10.00 + $15.00 * (1/2 hour) = $17.50 per bucket plus (1.10 * $7.50) = $25.75

for 380 buckets :

$25.75 * 380 = $9785

This value only represents the cost of production of 380 buckets for the month of March.

5 0

2 years ago

You should answer all the questions on a test unless _____.