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
3241004551 [841]
3 years ago
13

The demand curve of a monopolist is: A. downward sloping and above the marginal revenue curve. B. kinked because of recognized i

nterdependence with other firms. C. downward sloping and below the marginal revenue curve. D. horizontal at the market price. E. is identical to the marginal cost curve.
Business
2 answers:
iogann1982 [59]3 years ago
8 0

Answer:

A) Downward sloping and above the marginal revenue curve.

Explanation:

Monopolies are common in business. A monopolist tends to offer goods and services without any sort of competition. In the law of demand, it says that when the price of a commodity rises, the demand for that commodity falls and if the price of a commodity falls, the demand for that commodity rises. If this is plotted on a graph, it is called a demand curve. On the vertical axis of the plotted graph usually represents the market price of a commodity while the horizontal axis represents the quantity sold. A typical demand curve slopes downwards from the upper left which signifies a high price attracts low demand and to the right, it is a low price attracts high demand. In a monopoly, there are no competitors. Prices are set by monopolists and demand curve acts as a mirror which tells you how much to sell.

  Marginal Revenue is the total revenue gained with each extra sales. In plotting a marginal revenue curve( this is plotted on the same graph as the demand curve), it is usually lower on the graph than the demand curve in a monopoly because the change in price for the next sale applies to all the sales, even the ones before it.

Nataly [62]3 years ago
7 0

Answer:

A. downward sloping and above the marginal revenue curve. 

Explanation:

A monopoly is when there's only one firm operating in an industry. A monopoly usually sets the market price for goods and services. A monopoly faces a downward sloping demand curve because as price increases, the quantity demanded falls.

I hope my answer helps you

You might be interested in
Issues of growth are generally considered in: Multiple Choice neither the short-run nor the long-run frameworks. the short-run f
liraira [26]

Answer:

the long-run framework.

Explanation:

In Economics, Growth can be defined as an increase or rise in the level of output and production of goods and services over a specific period of time by a business entity.

Issues of growth are generally considered by economists in the long-run framework because growth itself is a long-run phenomenon in economics.

A long-run growth refers to the continuous and sustained increase in the level of output of goods and services or quantity of production that a business is able to achieve.

Hence, all of the four factors of production affects the level of growth that is being experienced by an individual or organization. These factors are;

1. Capital.

2. Labor.

3. Land.

4. Entrepreneur.

<em>In a nutshell, business owners and economist usually consider the growth of a business as a long-run phenomenon rather than as a short-run phenomenon. </em>

7 0
3 years ago
A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,9
den301095 [7]

Answer:

b. 5.75

Explanation:

Times Interest earned ratio is the measure of ability of a company to pay the interest on its debts. It is the ratio of earning before interest and tax and interest expense as below.

Times Interest Earned Ratio = Earning before interest and tax / Interest Expense

Times Interest Earned Ratio = $86,250 / $15,000

Times Interest Earned Ratio = 5.75 times

5 0
3 years ago
Read 2 more answers
At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzel
Setler79 [48]

Answer:. ............$

1. Bad debt Dr. 11.0000

Account receivable Or. 11.000

Narration: Bad debts writing off debtors

2. Cash/Bank. Dr 1800

Profit or loss Cr. 1800

Narration. Bad debt previously written off recovered

3. Profit or loss Dr 4000

Allowance for doubtful debts Cr

4000

Narration. Increase in provision for doubtful debts.

7 0
3 years ago
The salesperson who is responsible for ongoing business with a customer who uses a product, satisfying their long-term needs and
yan [13]

Answer: Account manager

Explanation: The account manager is that salesman of a company who is responsible for managing sales and relationship with particular customers of the company. The account manager is assigned accounts of customers of which he has to maintain relationships with.

The main focus of account manager is to manage sales with customers and identify new business opportunities if any.

Thus, Account manager is the right answer for the given case.

5 0
3 years ago
In a paragraph, select ONE country (excluding Canada, Cuba and Sweden) and explain where it lies on the continuum of command - m
AnnZ [28]

Answer:

North Korea - Command Economy.

Explanation:

In Command Economy, the government control all means of production. The citizens have no power to actually make efforts to own these resources.

To proof it, we can refer to the economic freedom ranking that was created by Heritage Foundation. From all 180 countries included in the ranking, north Korea placed at the very bottom.

The Government of North Korea have total control of the economy. They determine what products should be made, what type of jobs the citizens can held, and how those resources should be distributed among the people.

4 0
3 years ago
Other questions:
  • On April 2, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 sales was received
    13·1 answer
  • 4. If a good is considered "normal" by economists, an increase in consumers' incomes will result in a decrease in the
    6·1 answer
  • Carrie has to decide between going to a football game or going to the movies. She decides to go the football game. Which of the
    5·1 answer
  • The company makes 340 units of product P23F a year, requiring a total of 710 machine-hours, 80 orders, and 40 inspection-hours p
    12·1 answer
  • Anette used 136.12 inches of lace equally on 12 dresses. How much lace did she use on each dress?
    11·1 answer
  • A student who works at a record store and plays in a rock band thinks for a minute about his own music-purchasing habits, and th
    6·1 answer
  • What layout strategy deals with low-volume, high-variety production?A) fixed-position layoutB) retail layoutC) warehouse layoutD
    10·1 answer
  • If real GDP​ increases, A. the money demand curve shifts to the right. B. there is a movement down along a stationary money dema
    13·1 answer
  • In the ____________, households work and receive payment from firms. financial investment market financial capital market labor
    8·1 answer
  • Global company holds a portfolio of equity securities. the company intends to sell the securities during the next accounting per
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!