Since in Croatia, there is only one company that provides all of the telephone services for the entire country, this is called a monopoly.
<h3>What is a monopoly?</h3>
A monopoly can be defined as a type of market structure which is typically characterized by a single supplier (seller) or service provider, who sells and provide a unique product or service in the market, especially through dominance.
This ultimately implies that, monopoly is a market structure wherein the single supplier (seller) or service provider has no competitor because he or she is solely responsible for the sale of a unique product or service, without any close substitute.
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A greater fraction of kinetic energy is lost from the system during the collision when the speed of the first cart is greater due to inelastic collision.
<h3>What is kinetic energy?</h3>
It should be noted that kinetic energy simply means a form of energy of an object due to motion.
In this case, a greater fraction of kinetic energy is lost from the system during the collision when the speed of the first cart is greater due to inelastic collision.
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The percentage increase of the change in price is gotten as; 48%
<h3>How to calculate percentage price increase?</h3>
We are given;
Old Cost Price = $20
New Cost Price = $9.60
Thus, the increase in price is;
29.60 - 20 = $9.60
The percentage increase is;
Percent increase = (29.60 - 20)/20 * 100%
Percentage Increase = 9.60/20 * 100%
Percentage Increase = 0.48 * 100% = 48%
Complete Question is;
The last time i bought this product , it cost $20.00 but it looks like it cost 29. 60 today? What is the percentage increase?
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Answer:
The benefits are that Aaron will be more productive, which will lead to more output, as well as increased human capital as a result of his videos. The costs to Aaron are the time and money to take the course, along with any forgone income that could have been earned during this time.
Explanation:
If Aaron chooses to take the course, he will become better educated in his work, making economics content. However, the costs he will endure will be the cost of the course itself, the time to learn the new concepts, and the revenue he could have generated from making more videos instead of taking the time off to take the course.
The benefits society will gain if Aaron completes the course is being able to watch better quality videos made by Aaron. The videos will then help workers work more efficiently, increasing productivity and economic growth.
<em>Hope this helps!</em>
