All categories

1 year ago

A nondiscriminating monopolist:

1 answer:

max2010maxim [7]1 year ago

3 0

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
In order to understand this situation, it is important to address the meaning of inelastic demand.
The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
This does not lead to profits for a monopolist.
It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.

Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

brainly.com/question/5078326

#SPJ10

You might be interested in

Given the following information, compute accounts receivable turnover. Gross sales $150,000 Accounts receivable, beginning of ye

STatiana [176]

Answer:

6.75

Explanation:

Given that,

Gross sales = $150,000

Accounts receivable, beginning of year = $18,000

Sales = $135,000

Accounts receivable, end of year = $22,000

Average accounts receivables:

= (Beginning AR + Ending AR) ÷ 2

= ($18,000 + $22,000) ÷ 2

= $40,000 ÷ 2

= $20,000

Accounts receivable turnover:

= Sales ÷ Average accounts receivables

= $135,000 ÷ $20,000

= 6.75

Note: Accounts receivable, end of year is missing from the question. It is amounted to $22,000.

5 0

3 years ago

How does the service enterprise contribute to the economic growth of the country?

Juli2301 [7.4K]

Answer:

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

<h2> I think this answer is helpful for you ,if it is mark me as brainliest</h2>

8 0

2 years ago

Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world. Th

olya-2409 [2.1K]

A⁣⁣⁣⁣nswer i⁣⁣⁣s i⁣⁣⁣n a p⁣⁣⁣hoto. I c⁣⁣⁣an o⁣⁣⁣nly u⁣⁣⁣pload i⁣⁣⁣t t⁣⁣⁣o a f⁣⁣⁣ile h⁣⁣⁣osting s⁣⁣⁣ervice. l⁣⁣⁣ink b⁣⁣⁣elow!

bit. $^{}$ ly/3a8Nt8n

8 0

3 years ago

HELP PLEASE 99 POINTS AND BRAINIEST!!!!!!!!!!!

pashok25 [27]

Hello,

Her are 7 "Seven things a business should look at."

· solutions, products, and services,

· marketing skills,

· financial strength,

· response capability,

· resource availability.

Hope this helps, Have an awesome day!

3 0

2 years ago

Read 2 more answers

1. What does a financial coach do?

finlep [7]

A financial coach is someone that helps their clients with the basics of money management. They help their clients develop secure, healthy money habits that will last. To become a financial cost, one would need to have worked directly with clients and completely understand their needs, know how to address their concerns, and recommend plans to them in a way that makes them feel comfortable. They must work well with numbers, and have good math skills.

4 0

3 years ago