Answer:
the supply will decrease causing an increase in pricing on mattresses.
Explanation:
Monopolism occurs when only one supplier produces a product with no other competitors. They control the supply and price of commodities.
Since other mattresse sellers have closed shop, the final seller will have monopoly of the mattresse market.
In order to maximise revenue he will reduce supply and increase prices so that customers will have no choice but to buy the scarce mattresse at higher price.
C is the answer
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"Factor of Production" is the force that combine to make the production of products and services possible.
Explanation:
Factor of production involves land, labor, capital, and entrepreneurship.
Land:
The important factor is that it creates major revenue through oil, gases and other possible resources which can be obtained from the land.
Labor: Starting from the person who brought bricks to build the company till the top management of the company are part of the Labor factor.
Capital: A factor which implicitly support as a factor of production. Without capital there is no chances of production or providing wages.
Entrepreneurship: These are the brainstorms who plan and create product and sits at the top level and make production and service possible.
Answer:
0.58
Explanation:
The sharpe ratio for any portfolio shall be determined through the following mentioned formula:
Sharpe ratio=(Rp-Rrf)/σp
Where
Rp = Return on the portfolio=
Rrf=the risk free rate of return=4.5%
σp= the standard deviation of the portfolio=25%
Applying the data in the given question to the above mentioned formula as follows:
Sharpe ratio=(19%-4.5%)/25%=0.58
