Answer: B. to prove Stew-topia engaged in predatory pricing, you would need to prove that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business
Explanation:
Predatory pricing is the pricing of goods in such a way that it is so low that it is even below average variable cost. The logic being that in the Shortrun, if a firm cannot cover it's variable cost, it would have to shutdown.
Larry would therefore be correct in saying that to prove Stew-topia engaged in predatory pricing, it would need to proven that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business.
Answer:
The correct answer is "she should work 16 hours per week at daycare center to earn $136.00"
Explanation:
Pham can earn at the college bookstore
$9 dollars per hour x 15 hours per week she can spend
$9 x 15 = $135
At a café she can earn
= $12 dollars per hour x 6 hours per week
=$12 x 6 = $72
At a garage she can earn
= $10 dollars per hour x 5 hours per week
= $10*5 = $50.
At a daycare center she can earn
= $8.50 dollars per hour x 16 hours per week
= $8.50*16 = $136.
If her goal is to maximize the amount of money she can make each week,
she should work 16 hours per week at daycare center to earn $136.00
Answer:
To no the prices of goods and service and to buy stuff at low prices.
Explanation:
A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.
Phyllis' RATE (percentage) of return is 7 percent
<u>Explanation:</u>
Data provided in the question:
Purchase price for each share = $50
Dividend received = $1 per share
worth of shares at the end of year = $52.50
Thus, total return on the share = dividend received plus worth of sahres at the end of year minus purchase price
= $1 plus $52.50 minus $50 = $3.5
Therfore, rate of return = [ total return on the shares by purchase price ] into 100%
= [$3.5 by $50] inot 100 percent
= 7 percent
hence, the option with 7 percent will be the correct answer.
