Answer:
the monopolist must lower price on all units sold and not just on the last unit sold.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service. Graphically, a change in the value of the total revenue curve at a given point gives the marginal revenue.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
For a monopolist, the marginal revenue (MR) of a product or service is less than price because the monopolist must lower price on all of the units sold rather than lowering price on the last unit sold only.
Hence, the lower price applies to all units sold by a monopolist.
Answer:
A. Sales invoices to the shipping documents
Explanation:
- It's a systematic and periodic analysis of sales performance. The job of the sales audit is to examine the company's financial documents by the govt tax agency and to verify the proper amount of sales tax that is remitted to the authority.
Answer:
Multiplier effect
Explanation:
The term used to describe the impact of manufacturing process on the entire economy is called Multiplier effect. Multiplier effect measures the impact on other industries with an increase in economy of a specific industry.
It is the increase in final income with an injection of demand in the market flow. There when a manufacturing process of any specific industry increases or decreases there is a relative impact on the entire economy.
Answer: Option D
Explanation: A share's par value is the value specified in the corporate charter below which shares of that class can not be sold on the initial offer; the issuing company agrees not to sell additional shares below par value, so shareholders can be assured that no one else will obtain a more desirable share price.
The nominal value of the stock of a company is an unreasonable value assigned for the purposes of the reporting in the balance sheet when the company issues shares.
Hence from the above we can conclude that the correct option is D.