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inna [77]
1 year ago
5

Glen found three brands of earbuds that have the specifications he wants. The three pairs of earbuds looked a bit different from

each other, but Glen knew they would perform similarly. Still, each company offered its earbuds at a different price. What economic concept does this situation represent? A. Collusion B. Product differentiation C. Price-fixing D. Natural monopoly
Business
2 answers:
34kurt1 year ago
3 0

This is an example of product differentiation. There are many brands and companies, and each of them fight for the best price while making the best profit. The products are similar, but the only difference are the pricing of the product.

valkas [14]1 year ago
3 0

Answer:

Product differentiation is a tactic available to companies competing in the monopolistic competition system. It is an economic model where few companies offer the same product, but with differentiations. Thus, companies in this competitive model have some power to influence prices. In addition to the headphone market, a good example of perfect competition is the toothpaste market, where companies launch the same product but with differentiations. For example, toothpaste with whitening.

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Wholesome Wheat Bakery buys $10.00 worth of flour from Mikes’ Mill and uses the flour to make bread. Wholesome Wheat sells the b
MakcuM [25]

Answer:

c. GDP increases by $22.00.

Explanation:

The GDP is the sum of all final goods and services produced in an economy within a given period.

GDP = Consumption spending + Investment + Government Spending + Net Export

Only final goods and services are included in the calculation of GDP.

The wheat purchased by Wholesome Wheat Bakery is an intermediate good whuch is still used in the production of bread. Therefore, it isn't included in the calculation of GDP.

Bread is a final good and it's included in the GDP. Therefore, GDP increases by $22.

I hope my answer helps you.

8 0
1 year ago
Mrs. Jones always wanted a white picket fence in front of her house. Mr. Jones, her husband, wants a fence around the entire hou
Kazeer [188]

Answer:

The dimensions for the entire area will give the cheapest cost for the entire fence are 40 feet in front, 100 feet on each side, and 40 feet on bottom.

Explanation:

Since Mrs. Jones always wanted a white picket fence in front of her house, and Mr. Jones, her husband, wants a fence around the entire house including a decently-sized lawn in the front and a garden in the back, and the fence border should look like a rectangle, and I have calculated that he would need to fence off an area of ​​4,000 square feet in order to fit all these things, and he wants to appease his wife and at least build the white picket fence in front of the house, and he plans to build the rest of the fence with chain link, a cheaper material, given that a white picket fence costs $ 7 per foot and a chain link fence costs $ 4 per foot, to determine what dimensions for the entire area will give the cheapest cost for the entire fence, the following calculation should be performed:

Area of ​​a rectangle = base times height = Z x Y = 4,000

80 x 50 = 4,000

40 x 100 = 4,000

20 x 200 = 4,000

20 x 7 x 2 + 200 x 4 x 2 = X = 280 + 1600 = 1880

40 x 7 x 2 + 100 x 4 x 2 = X = 560 + 800 = 1360

80 x 7 x 2 + 50 x 4 x 2 = X = 1120 + 400 = 1520

Therefore, the dimensions for the entire area will give the cheapest cost for the entire fence are 40 feet in front, 100 feet on each side, and 40 feet on bottom.

8 0
1 year ago
An annuity with an infinite life is called​ a(n) ________. A. perpetuity B. deep discount C. primia D. option
Tasya [4]

Answer:

The correct answer is letter "A": perpetuity.

Explanation:

Annuities are regularly-provided income hired through insurance. Those payments can be provided within a short or long period of time until an undetermined date. That is the reason why annuities are also called perpetuities. Annuities are taxed at regular income tax rates.

3 0
1 year ago
Rosita's Restaurante has sales of $4,500, total debt of $1,300, total equity of $2,400, and a profit margin of 5 percent. What i
Rus_ich [418]

Answer:

6.08%

Explanation:

Rosita's restaurant has a sales of $4,500

The total debt is $1,300

The total equity is $2,400

The profit margin is 5%

=5/100

= 0.05

Therefore the return on assets can be calculated as follows

= profit margin×sales/total debt +total equity

= 0.05×$4,500/($1,300+$4,200)

= 225/3,700

= 0.0608×100

= 6.08%

Hence the return on assets is 6.08%

5 0
2 years ago
2. Trying to help your business and others with similar goals by trading information, including contacts and referrals, is calle
g100num [7]
I would think it was c
8 0
1 year ago
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