Answer:
Option "D" is the correct answer to the following question.
Explanation:
A monopoly usually has all kinds of social costs. Price under monopoly is more than marginal cost, which also often means that society does not have the economic capacity.
In monopoly business, resources are usually used less and other businesses use more resources, which is why monopoly business is usually associated with social interests.
Monopoly businesses produce fewer goods but charge more on those goods because they are the sole producers of the services or goods they produce, so all three options are correct
Im sorry , i don’t understand .
but have a good day <33
Answer:
a-
[Find solution in the attachment]
a- 2)
Balance of accounts receivable at the end of 2018 = $2,400
Solution b:
Balance of accounts payable at the end of 2018 = $7,100
Solution c:
Gross margin = Sales - COGS = $21,400 - $14,300 = $7,100
Net Income = Gross margin - Operating expenses = $7,100 - $3,900 = $3,200
Solution d:
Cash flow from operating activities = Cash received from customer - Cash paid for accounts payable - Cash paid for operating expenses = $19,000 - $11,900 - $3,900 = $3,200
Answer:
The correct answer is option a.
Explanation:
Unfavorable weather in the orange groves of California will adversely affect the production of oranges. This will cause a reduction in the supply of oranges. As a result, the price of oranges will decline.
Now, these oranges are used as input in making orange juice. The increase in input price will lead to an increase in the cost of production. This will further lead to a decrease in the supply of orange juice. Consequently, the equilibrium price of orange juice will increase.
Answer:
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Explanation:
Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.
This scarcity means that acquiring resources require a certain amount of capital. Since people do not unlimited capital, they have to be picky with their consumption/production to ensure the ones with highest priority are fulfilled first.
On top of that, everyone wants or needs goods. Meaning that in order to obtain a certain resources, people will have to face competition. As the competition become more fierce, the sacrifice that is needed to obtain a certain product is increased. This is also why they have to watch out which product they should choose to consume.
