1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svp [43]
1 year ago
5

A nondiscriminating monopolist:

Business
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
In your own opinion, why do you think it is important to establish a daily job search routine?
Alenkinab [10]

The answer is: because every day there is more opportunities opening up

You will never know where a company will post a job opportunities that provide better conditions or salaries compared to the job that you currently had. Because of this, you need to keep expanding your networks and setting up routine job search schedule.

5 0
3 years ago
Read 2 more answers
A car dealership union negotiates a contract that dramatically increases the salaries of all salesmen. If one of the salesmen is
Misha Larkins [42]

I think the most appropriate answer would be "a car dealership salesman" would be the opportunity cost.

I hope it helped you!

8 0
3 years ago
The law of diminishing marginal utility:_______a) allows us to make interpersonal utility comparisons. b) tells us that an addit
Reika [66]

Answer:

A) allows us to make interpersonal utility comparisons.

7 0
3 years ago
Read 2 more answers
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee un-animously v
ivolga24 [154]

You reply that "OMOs are the purchase and sale of government securities. To increase the money supply we will buy government securities which increases the amount of reserves in the banking system and fuels deposit expansion".

<u>Option: A</u>

<u>Explanation:</u>

The action of central bank to offer or take liquidity from or into a bank or a collection of banks in its exchange rate currencies is understood as an open market operation or OMO. The central bank is the only origin of such policy which may either purchase or sell the bonds of government on the open market or in what is now often the acceptable option, engage into a repo or protected lending agreement with a commercial bank: the central bank lend the monetary as a reserve over a given period of time and concurrently selects the qualified asset as security.

Here the Chair of the Federal Reserve Board explained OMO for the purpose of their use in the scenario of increasing money supply, by purchasing or selling the bonds or securities of public authorities to eligible bodies for the increment of assets in banking sector to drive the expansion of deposits.

8 0
3 years ago
Which of the following will probably happen to a product when demand is low?
9966 [12]

Answer:

Answer = B

Explanation:

If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable

3 0
1 year ago
Other questions:
  • 1. Controlling is an ongoing process of
    11·2 answers
  • When we say that the classical model of decision-making specifies how managers should make decisions, this is another way of say
    8·1 answer
  • people keep spending units of a particular resource on a want until their marginal benefit is ____ their marginal cost. A. Decre
    11·2 answers
  • Hotel clerks, amusement park workers, and travel agents all work in careers found in the _____ career cluster.
    7·2 answers
  • rayer Corporation has income from continuing operations of $319,000 for the year ended December 31, 2017. It also has the follow
    6·1 answer
  • Sometimes speakers eliminate details from their speeches in an attempt to influence audience opinion. This concern relates to wh
    11·1 answer
  • For which of the following transactions would the use of the present value of an annuity due concept be appropriate in calculati
    15·1 answer
  • RamsayRamsay Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Eac
    12·1 answer
  • The following table shows the assets and liabilities of the Chang family in 2007 and 2008.
    13·1 answer
  • What is the best explanation for the slope of the keynesian zone of the aggregate supply curve?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!