Answer:
A monopolist does not have a supply curve because price and quantity are decided at the same time.
Explanation:
A supply curve is generally upward sloping showing a direct relationship between the price level and quantity supplied. In case of a perfectly competitive market, the demand curve is a horizontal curve, showing marginal; revenue and average revenue. The firm here is a price taker and decides the quantity to be supplied according to the price level. The firm is able to maximize profit at the level of output where the price is equal to marginal cost.
However, in case of a monopoly, the firm is a price maker. There is no unique relation between price and quantity. The price and quantity to be supplied are determined at the same time at the point where marginal revenue is equal to marginal cost.
Answer:
The two methods of translating financial statements are the current rate method/closing rate method and the temporal method
Explanation:
Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it
Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method
please find attached from Advanced Accounting
Hoyle, J., Schaefer, T., & Doupnik, T. (2015)
Answer:
Long Tail.
Explanation:
The term "long tail" was said to become very popularly used in the year 2004 by a man called Chris Anderson. Just as the name is self explanatory, it is a very powerful and relevant business model in which a companies market is said to be open to everyone that has ever been connected, affiliated or associated withe said company, helping them in sell out small units of their product or services especially amongst choices which could be unlimited.
These forms could possibly be in knowledge spread, by search engines, by blogs, entrepreneural formats and a whole lot more ways.
The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of canals and steamboats.
People and merchandise were soon transported along rivers across the nation using steamboats. Canals were constructed to connect rivers, lakes, and oceans in an effort to improve the use of water transportation.
The subsequent inventions of the steamboat, the canal system, and the steam-powered locomotive reduced the cost and duration of travel, fueled factory expansion, promoted western settlement, and boosted international trade.
Steamboats significantly decreased the time and cost of transporting commodities to far-off markets when compared to other types of craft that were in use at the time, such as flatboats, keelboats, and barges. They were therefore crucial to the expansion and stabilization of the American economy prior to the Civil War.
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