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Olenka [21]
2 years ago
12

The harrisons live in a country where they are the only business allowed to supply consumers with leather shoes. what type of ec

onomy is this an example of? competitive regulation mixed monopoly
Business
2 answers:
gladu [14]2 years ago
7 0

The type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.

<h3>What is monopoly?</h3>

A monopoly is when only one company offers a specific service or sells a specific product. Here Harison is the only supplier of shoes in the country where he lives.

Since there is no competition, the seller has complete control over the price hence makes as much profit as possible.

Hence, the type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.

Learn more about monopoly here :brainly.com/question/10867411

#SPJ4

marissa [1.9K]2 years ago
6 0

Answer:

d

Explanation:

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4 years ago
Suppose Juan has three job offers. He can earn $50,000 in Atlanta, GA; $70,000 in Boston, MA; or $100,000 in San Francisco, CA.
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  • <u><em>To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.</em></u>

Explanation:

To answer this question you need the <em>comparative costs of living</em> in each of the trhee cities.

In a similar question, you can find the <em>cost of iiving indexes</em> for <em>Atlanta, Boston,</em> and <em>San Francisco</em>. Here is the table:

<em />

<em>                                           Cost of living index</em>

<em>City                                (100 = U.S. City average)</em>

<em>Atlanta, GA                                 98</em>

<em>Boston, MA                               160</em>

<em>San Francisco, CA                   245</em>

Thus, to determine which offer <em>Juan should accept to maximize the purchasing power of his income</em>, divide each income by the cost of living index.

<u>Atlanta, GA:</u>

<u />

  • $50,000/98 = $510.20

<u>Boston, MA</u>

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<u>San Francisco, CA</u>

  • $100,000/245 = $408.16

Rank the adjusted earnings in decreasing order:

  • $510.20 > $437.50 > $407.16

Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.

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