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
Nataly_w [17]
1 year ago
11

for a monopolist, the market demand curve: a is also the demand for the monopolist's product. b is not important since the monop

olist is the only producer. c is more elastic than the demand curve facing a perfectly competitive firm. d must be horizontal. e is equal to the monopolist's mr curve.
Business
1 answer:
viktelen [127]1 year ago
3 0

Option c.) is more elastic than the demand curve facing a perfectly competitive firm as the demand curve or the AR curve of a perfectly competitive firm is parallel to the horizontal axis, perfect elastic is the correct answer.

This means that the company does not control the price. The company assumes a price and sells the quantity of the product at that price. In a perfectly competitive market, a single firm faces a demand curve with infinite elasticity. In a perfectly competitive market, firms do not fix prices, but choose levels of production at which marginal costs equal market prices.

Under conditions of perfect competition, a firm can sell any quantity of goods at the prevailing price, so the firm's demand curve is perfectly elastic. So even a small price increase will result in zero demand. This suggests that the company does not control prices.

To know furthermore about Demand Curve at

brainly.com/question/1139186

#SPJ4

You might be interested in
Journalize the following sales transactions for Antique Mall. Explanations are not required. The company estimates sales returns
dolphi86 [110]

Answer:

Antique Mall

Journal Entries:

Jan. 4 Debit Accounts Receivable $14,000

Credit Sales Revenue $14,000

credit terms are n/30.

Debit Cost of goods sold $7,000

Credit Inventory $7,000

Jan. 8 Debit Sales Returns $400

Credit Accounts Receivable $400

Debit Damaged Goods $150

Credit Cost of goods sold $150

Jan. 13 Debit Cash $13,600

Credit Accounts Receivable $13,600

Jan. 20 Debit Accounts Receivable $4,900

Credit Sales Revenue $4,900

credit terms are 1/10, n/45, FOB destination.

Debit Cost of goods sold $2,450

Credit Inventory $2,450

Jan. 20 Debit Freight-out Expense $70

Credit Cash $70

Jan. 29 Debit Cash $4,851

Debit Cash Discounts $49

Credit Accounts Receivable $4,900

Explanation:

a) Data and Analysis:

Jan. 4 Accounts Receivable $14,000 Sales Revenue $14,000

credit terms are n/30.

Cost of goods sold $7,000 Inventory $7,000

Jan. 8 Sales Returns $400 Accounts Receivable $400

Damaged Goods $150 Cost of goods sold $150

Jan. 13 Cash $13,600 Accounts Receivable $13,600

Jan. 20 Accounts Receivable $4,900 Sales Revenue $4,900

credit terms are 1/10, n/45, FOB destination.

Cost of goods sold $2,450 Inventory $2,450

Jan. 20 Freight-out Expense $70 Cash $70

Jan. 29 Cash $4,851 Cash Discounts $49 Accounts Receivable $4,900

8 0
3 years ago
Charles Berkeley, Inc. just paid an annual dividend of $3.60 per share on its stock. The dividends are expected to grow at a con
8_murik_8 [283]

Answer:

D. $98.15

Explanation:

Price of stock formula;

Price today(P0) = \frac{D0(1+g)}{r-g}

D0= Current dividend

g = growth rate

r = required return

Price = \frac{3.60(1.045)}{0.11 -0.045}

= 3.762 /0.065

Price = 57.877

Price in 12 years (P12) = P0(1+g)

P12 = 57.877 *1.045^{12}

P12 =$98.152

Therefore, price of stock in 12 years will be $98.15

5 0
3 years ago
you just saw a video advertisement that shows an interview with a celebrity who says her life changed for the better when she st
julia-pushkina [17]

Urgency has the advertising company used to persuade you to buy the face cream

What is the Urgency technique?

In order to convince their audience and potential consumers to buy your product or obtain it at the best price, professionals in the field of sales utilize the tactic of urgency. Making clients feel pressured into making a purchase immediately rather than later can assist.

The audience's fear of missing out on something worthwhile, or FOMO, is frequently the target of urgent advertising. Typically, two factors must be combined in order to successfully appeal to this fear of missing out. The adverts often start out by explaining why the product is appealing. Second, they restrict the number of products offered, provide a sale price for a brief period of time, or combine these two standards.

What are the advantages of increasing sales urgency?

Your organization can profit in a number of ways from instilling a sense of urgency in sales. The following are a few of the most typical advantages of building urgency in sales:

assisting clients in taking quick decisions

Increasing sales and the perceived worth of your goods

Increasing consumer interest in your products

providing quick feedback on the effectiveness of sales strategies

simplifying the purchasing process for your clients

lowering the likelihood that buyers will make different choices

Know more about Customer interest,

brainly.com/question/3053467

#SPJ4

7 0
1 year ago
g A decrease in aggregate demand will cause prices to fall according to classical economists, and unemployment to increase accor
Mashcka [7]

Answer:

prices to fall according to the classical economists and unemployment to increase according to Keynes.

Explanation:

The classical economists believes that a decrease in aggregate demand for goods produced would being about fall in the prices of such goods. What this implies is that as more goods are produced, if such production is not backed by corresponding demand by consumers, the prices of such goods produced will eventually fall because supply is greater than demand.

For the Keynes, their argument is that a decrease in aggregate demand will cause unemployment to increase. This is because owners of businesses or employers would lay off their employees when goods produced exceeds the demand for such production by consumers. Here, owners of businesses pays their employees through sales of goods produced. So, when the goods produced are not purchased, then there will be excess availability of such goods; hence no sale or profit, from which salaries would be paid. The next step is to start laying off employees because employers cannot cover their running costs.

7 0
3 years ago
The channel of distribution consists of ___________, who provide transportation and storage of goods as they are distributed fro
alexandr1967 [171]
The channel of distribution consists of  Marketing intermediates , who provide transportation and storage of goods as they are distributed from producers to ultimate consumers.
7 0
3 years ago
Other questions:
  • Replace an existing asset: You have a 2000 Nissan that is expected to run for another three years, but you are considering buyin
    7·1 answer
  • After reviewing the resources and taking notes, decide where you stand. Should the government—and schools—be able to access your
    8·2 answers
  • For each of the following cases determine the ending balance in the inventory account. (Hint: First, determine the total cost of
    8·1 answer
  • Almost all financial theory and decision models assume that the financial markets are efficient. The informational efficiency of
    5·1 answer
  • Bergeron is a local manufacturer of off-shore drilling platforms. In 2020, Bergeron entered into a contract to construct a drill
    5·1 answer
  • Consider the market for economic textbooks. Explain whether the following event would cause an increase or decrease in supply or
    8·1 answer
  • The board of directors of Yancey Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock outstandin
    8·1 answer
  • An analysis of the income statement revealed that interest expense was $100000. Waterway Company's times interest earned was
    11·1 answer
  • A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What cha
    14·1 answer
  • ven for straightforward scope guidance, such as the inventory standard not being applicable to not-for-profit entities or regula
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!