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
irina1246 [14]
1 year ago
14

Suppose a monopolist produces output where total revenue is maximized. at that output, the price elasticity of demand for the mo

nopolist's output is:_________
Business
1 answer:
Ipatiy [6.2K]1 year ago
3 0

Suppose a monopolist produces output where total revenue is maximized. At that output, the price elasticity of demand for the monopolist's output is equal to one.

What is Monopoly?

A monopoly is a market structure where one producer or seller holds a significant amount of influence within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and discourage competition. A company that enjoys monopoly status lacks replacements for its goods and faces little internal competition. Monopolies have the power to set prices and create barriers to entry for competing companies. Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.

To know more about monopoly refer:

brainly.com/question/5992626

#SPJ4

You might be interested in
Which of the following statements is true? Group of answer choices The further in the future you receive a dollar, the less it i
nataly862011 [7]

Answer:

B). The further in the future you receive a dollar, the less it is worth today.

Explanation:

The second option asserts a true claim that 'the later we receive a dollar in future, the less it is worth today' as the market value of dollar can be seen significantly rising and therefore, it's value is much higher in relation to the value of other currencies across the globe. If a person receives a dollar today, it's worth can be much higher in the upcoming time and therefore, a lower amount today can become a huge amount tomorrow, if invested properly today. Thus, <u>option B</u> offers a true statement while the others state incorrect claims.

7 0
3 years ago
Torque corporation is expected to pay a dividend of $1 in the upcoming year. dividends are expected to grow at a rate of 6% per
Novay_Z [31]

Answer:

The required rate of return on stock is 14.6% and option b is the correct answer.

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on market

r = 0.05 + 1.2 * (0.13 - 0.05)

r = 0.146 or 14.6%

4 0
3 years ago
According to Fair Employment Laws, it is illegal to discriminate on the basis of _____. a. age b. race c. sex d. all of the abov
kirza4 [7]
D. All of the above.
Sorry if it is wrong..<span />
4 0
3 years ago
Read 2 more answers
Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby
geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700  

   Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

8 0
3 years ago
How do you account for financial losses in order to maintain quality customer service, for example, a restaurant that gives a fr
IgorC [24]

Answer: These costs will be classified as sales discounts

Explanation: Sales discounts are discounts given to customers for buying a company's products or special offer given to customers that are regular and loyal to a company's brand. Discounts are also given to attract new customers to a company's product.

Discounts are accounted for under the operational expenses head and are recorded as part of the company's operational expenses.

The effect of discounts are that it reduces the company's net profit but the positive effect is that it can increase the total sales of the company.

4 0
3 years ago
Other questions:
  • Juanita has a part-time job that pays 12 hour and works about 50 hours every month her withholding are social security 6.2 %medi
    7·1 answer
  • Journalizing sales transactions-periodic inventory system Journalize the following sales transactions for Straight Shot Archery
    11·1 answer
  • Giving brainliest for CORRECT awnser.
    15·1 answer
  • President Ronald Reagan once joked that a Trivial Pursuit game designed for economists would a. have no questions but hundreds o
    9·2 answers
  • he Alford Group had 220,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shar
    6·1 answer
  • Mwakilembe Co.ltd is a micro business which buys and sell toys on 1 January 2020 the company predicted its annual sales to be 10
    9·1 answer
  • The amount of risk that will remain in a portfolio depends on the degree to which the stocks are exposed to:______
    5·1 answer
  • Why is it important for people to be careful to manage their debts?
    11·1 answer
  • Sun Corporation received a charter that authorized the issuance of 86,000 shares of $6 par common stock and 19,000 shares of $75
    9·1 answer
  • A __________ offers a huge selection of one type of product (such as books, toys, or sporting goods) to dominate that category o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!