There are two conditions that allow a single seller to become a
monopolist. These two conditions are as follows:
1. The firm must have something unique to sell
<span>2. The firm must have a way to prevent potential competitors
from entering the market.</span>
The correct answer is known as Flexible Premium Life Insurance.
Life Insurance or Insurance is described as an agreement among an insurer and a policyholder, wherein the insurer ensures promised payment of a death beneficiary to named beneficiaries upon the death of the insured individual. The Insurance Company creates an agreement upon a death benefit in consideration of the charge of premium with the aid of the insured.
Answer:
Census
Explanation:
A <u><em>census </em></u>is stablished to know exactly or with a minor level of error what is the total count of population and where do they live in any given city or country.
Answer:
The correct answer is: decrease.
Explanation:
If Aggregate Supply (<em>AS</em>) is higher than Aggregate Demand (<em>AD</em>), it implies somehow consumers are keeping their income with them. Economic activity will <em>contract </em>as a result but to promote consumption, for instance, banks lower their interest rates on loans with the confidence that consumers will have enough money to cover their debts.
Answer:
Answer is explained in the explanation section below.
Explanation:
Note: As this question contains tables, here I cannot insert table properly, so I have done it on excel spreadsheet and it is attached in the attachment below. Please refer to the attachment below for the minimum cost production plan.
Please refer to Attachment.
Priority should be given in the order mentioned below.
1. Maintain maximum capacity output even though demand is lower for the period because demand for the next period is higher and inventory holding costs are only $1 per unit per period.
2. Over time output for remaining demand, including demand for the following year, since it is less costly than subcontract production and inventory keeping costs are just $1 per unit per period.
3. There is no obligation for output to be subcontracted.