WGU EGT1 Task 3 Student# In this essay I will discuss a few terms and how their relationships apply between regulation and market structures‚ as well as how regulation policies affect the market. A) There were 4 particular Antitrust Laws that were enacted with the primary purpose of protecting consumers‚ striving to achieve fair competition in the market place‚ and to achieve and allocate efficiency. The 4 Antitrust Laws that are major pieces of legislation are; The Sherman
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Marginal Revenue: Marginal Revenue can be termed as the change in the total revenue from an additional unit that is sold by a firm. Example‚ the total revenue when 10 units are sold is $50‚ and total revenue when 11 units are sold is $55. Marginal Revenue in this case will be (55-50)/(11-10) = $5. One can compute the total revenue if the marginal revue and the number of units sold. If the marginal revenue of a product is zero than the total revenue will not change with an increase in the number
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evidence of enterprise activity Ethical principles: when designing and distributing the samples and testimonials we need to tell the truth to customers‚ make are the information provided are the original‚ honest and not provide any misleading information 2. Development of media releases‚ articles and media background information Competition legislation: information and contents designed on articles should be focusing on the business itself‚ not comparing the products with its business competitor to avoid
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regulation and enforcement of industrial and social regulation curtail the few firms controlling the market from the possibility of setting unfair prices‚ limiting competition and collusion resulting in low quality‚ lower production and higher prices. B. 2. A monopoly is the single supplier of a commodity. A natural monopoly such as public utilities where a single supplier of electricity is of economies of scale are regulated for rates preventing harm to society. Private monopolies are a violation of the
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To: Company G CEO Date: February 20‚ 2013 Re: Comparing Company G against industry average The first ratio calculated was current ratio. This is done by dividing current liabilities by current assets. Current ratio is important because it shows the business’s ability to pay back the current liabilities with the current assets that they have available to them. At the end of 2011‚ the current ratio was at 1.86. In 2012‚ this ratio dropped to 1.80. The industry ranges from 3.1 (showing a strong
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Elasticity: The real stretch play. We have all heard the phrase‚ “Stretch your dollar”‚ but have you ever stopped to consider what all goes on behind the scenes in order to make this stretch occur? What rules of economics and finance play into making your hard-earned dollar stretch to its maximum value? While the topic of stretching your money spans across all areas of business‚ finance‚ and economics‚ I will focus on the fundamental principle of economic stretch; elasticity. Elasticity in economics
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EGT1 TASK 1 309.1.1-05‚ 06 A. Marginal revenue indicates how much extra revenue a company receives for selling an extra unit of output. 1. Marginal Revenue is the change in total revenue resulting from a change in the quantity of output sold. Expressed as: Marginal Revenue = change in total revenue/change quantity. B. Marginal cost is the overall change in a firms total cost of production resulting from a change in production by one unit. 1. Marginal cost and total cost are
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Task In this given situation a company exists in a monopolistic competition where a company sells widgets. As more widget are sold the company must offer discounts on the product in order to sell more units. The table below includes the Total Revenue and Total Cost information needed to perform marginal revenue and marginal cost calculations that will be explained below. Quantity0123456789101112131415Quantity0123456789101112131415 TR$0.00$150.00$290.00$420.00$540.00$650.00$750.00$840.00$920
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A. Country Identification: The company has brought to our attention that it desires to expand into the Eastern Asian market where it is believed that the opportunity will be best and certainly more than double its profits by this venture. The Country of choice will be China; location is the city of Macau‚ which is an established trading center in Southeast Asia. B. Major Cross-Cultural Issues and Impacts: There are some marketing aspects to consider. Our approach must be culture sensitive
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them up for adoption‚ or for a serious illness or health concern for themselves. The provisions that apply here is that the employee was granted leave‚ and has been on leave for 11 of the allowed 12 weeks. The employee has worked for the company for 2 years‚ which fulfills the requirement of 1 year. The employee must always be allowed to return to work at their same pay rate and job level; otherwise‚ it is a violation of the act. In this case‚ he did return to work at the same level with the same
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