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Ipatiy
2 months ago
12

Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t

o produce a Tweety Bird tattoo. Assume for simplicity that fixed costs are zero and that Dumphy and Funke perform identical work. For a while, there was too much demand for Funke and Dumphy to handle and they both charged $200 for a tatoo. But recently, demand has dropped significantly and there isn't enough work for both to fill their days at any price. However, there is some demand at all prices.a. What will be the equilabrium price that Dumphy and Funke will charge?b. What are the profits for Dumphy and Funke at the equilibrium price?c. What type of competition would Funke and Dumphy likely engage in after the decrease in demand?
Business
1 answer:
arsen [3.4K]2 months ago
5 0
For Part a, the equilibrium price that Dumphy and Funke will set is $30. In Part b, the profits for Dumphy and Funke at this equilibrium price amount to $0. Regarding Part c, both artists are expected to engage in price competition after experiencing a decline in demand. To clarify, the price each artist sets equals their marginal cost, thus establishing equilibrium at MC = $30.
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3 0
1 month ago
Read 2 more answers
Harry and Meghan have considered starting their own business but are concerned about the possibility of losing even their person
stepan [3596]

Response:

La opción correcta es D, formar una corporación.

Justificación:

Elegí esta respuesta porque la responsabilidad limitada se aplica a una corporación, que se diferencia de otros tipos de negocios.

El concepto de responsabilidad limitada significa que los accionistas en una compañía de responsabilidad limitada solo son responsables hasta el monto que han aportado a través de las acciones que poseen.

Si la empresa incurre en deudas, no se les pedirá a los accionistas que cubran estas deudas con su propio dinero, lo que protege los bienes personales de Harry y Meghan.

4 0
2 months ago
Once you have collected data for a message, you’ll need to find a way to organize it. Well-organized messages group similar idea
Katen [3525]

Answer:

c. Sparkling water, evening wine tasting, four-star hotel restaurant

a. You need to persuade your coworkers to embrace a new software program that they find confusing.

b. You need to let go of your receptionist.

c. You are dispatching a past-due notice on an account.

Explanation:

In the first question, sparkling water, evening wine tasting, and dining at a four-star restaurant are specific items that align with the examples of food and drink and $100/night four-star accommodations from the scratch list.

In the subsequent question, a manager applies indirect strategies when conveying uncomfortable news to staff in a manner that minimizes negative psychological effects. For instance, informing someone about the termination is distressing and should be relayed indirectly, beginning with an explanation and positioning the primary information at the end of the message

6 0
2 months ago
Given the pork supply function Q = 178 + 40p - 60p_h. how does the supply function, Q = 88 + 40p. change if the price of hogs in
Scilla [3833]

Answer:

Explanation:

The supply equation for pork is expressed as Q = 178 + 40p - 60p_h

For a hog price of 1.50:

Q = 178 + 40p - 60(1.50)

= 178 +40p -90 = 88+40p

If the price of hog rises to 1.90:

Q = 178 + 40p - 60(1.90)

= 178 +40p - 114 = 64+40p

8 0
1 month ago
Colleague responsibilities related to compliance include which of the following:________. A. Report if you have been placed on a
harina [3808]

Response:

A. Report if you’ve been placed on any state or federal exclusion list

Clarification:

While employed within an organization, certain responsibilities concerning compliance, integrity, and honesty are present, including but not limited to:

1. Reporting if they find themselves on a state or federal exclusion list, inclusive of the Officer of Inspector General (OIG) and the General Service Administration (GSA)

2. Promptly report any criminal offense if convicted, except for minor traffic violations

Convictions do not pertain to the following:[

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b. Dismissed judicially

c. Felony convictions, which also entails controlled substance offenses must always be reported

thus, the correct selection is a.

7 0
1 month ago
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