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]
2 years 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]2 years 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
According to naoroji, what benefits has india received as a result of british rule? check all that apply. understanding of india
Zarrin [17]
The two correct options are:
peace, stability, and order.
new technologies and infrastructure. 

4 0
3 years ago
Read 2 more answers
Carlos is taking a class to learn presentation skills. Which type of communication is he using when he improves his PowerPoint s
rosijanka [135]

Answer:

visual ,i like your profile add my sn a p,joel.ewc123

Explanation:

5 0
3 years ago
HELP ASAPPPP HELPPP PLEASE HELP ME NO LINKS
Alenkinab [10]
Umhow are we supposed to help u with this?
7 0
3 years ago
BSW Corporation has a bond issue outstanding with an annual coupon rate of 7 percent paid quarterly and four years remaining unt
Liono4ka [1.6K]

Answer:

$788.35

Explanation:

For computing the fair present value we need to apply the present value formula which is to be shown in the attachment below:

Given that,  

Future value = $1,000

Rate of interest = 14%  ÷ 4 = 3.5%

NPER =  4 years × 4 = 16 years  

PMT = $1,000 × 7% ÷ 4 = $17.5

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the formula, the fair present value is $788.35

3 0
3 years ago
Melissa Price is a member of the sales force at Urban Fashions, a Houston-based manufacturer of women's apparel. Melissa is prep
oksian1 [2.3K]

Answer:

<u>Pre-approach </u>

Explanation:

In case of personal selling, the seller and prospective buyer come face to face, wherein the former tries to highlight and convey product attributes to the prospect with an objective of effecting a sale.

Under 7 step personal selling approach, pre approach refers to conducting customer research and planning goals for the presentation, which is to be be given to the prospect.

Under this approach, the salesperson fixes up a face to face meeting with the prospect in order to ascertain prospect's needs and wants. Post ascertainment of such needs, the salesperson carries out a presentation, informing the prospect about product attributes which would meet such needs.

In the given case, Melissa is preparing for her first client meeting, trying hard to learn about prospect and his organization i.e customer research. Thus, this is the pre-approach step of the personal selling process.

3 0
3 years ago
Other questions:
  • Suppose there is an ordinary deductible of $40 and the maximum payment by the insurer is $130. Determine the standard deviation
    6·1 answer
  • Drake Appliance Company, an accrual basis taxpayer, sells home appliances and service contracts. Determine the effect of each of
    6·1 answer
  • On February 1, 2021, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of $860,000. The bonds sold for $786
    12·1 answer
  • What's the main advantage of establishing per-item prices on an order and pricing form?
    13·2 answers
  • The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $10,800; Dividend
    12·1 answer
  • The emergency planning process includes the following steps: (1) Form a collaborative planning team; (2) Understand the situatio
    14·1 answer
  • A firm's database showed that the average value of all inventory items for the year was $7,650. The cost of goods sold was repor
    11·1 answer
  • 4. In centralized decision making, authority is
    15·1 answer
  • Which of the following is a characteristic of both the sales approach for service-type warranties and the expense approach for a
    6·1 answer
  • Consider the following information:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!