Answer:
The correct answer is: D. beach towel production is not allocatively efficient but is productively efficient.
Explanation:
Production costs are the night terror that keeps many business owners awake. These costs seem to have a mind of their own and the only solution is to keep track of them to keep them under control. A successful entrepreneur must find a way to operate his business efficiently and profitably to always be aware of production costs. And for this, it is best to track expenses to see if labor, materials or overhead are exceeding the amounts allocated in a budget at each stage of production.
Answer:
raises;larger;decrease;always.
Explanation:
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.
A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;
- Single seller.
- Profit maximizer.
- Price maker.
- High barriers to entry for others.
- Price discrimination.
- No close substitutes or competition.
Answer:
Demand for products sold at a store in a neighborhood with other stores is probably elastic
Explanation:
A demand is considered as 'Elastic' if a change in price of the product would strongly affect the quantity of the demand.
Competitors who offer similar products than your organization tend to reduce the amount of demand that come to your store. Existence of competitors give the consumers the options to choose and move around in order to seek the best offers that they can.
As a result, the shoe stores in Joey's neighborhood will have to constantly adjust their price in order to make their products seems appealing compared to the rest of the competitors. This make the demand in Joye's store keep fluctuating depending on the performance of other competitors.
The highest price for the stock is $22.00.
<u>Explanation</u>:
<u>Given</u>:
- Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.
- The cash flow ratio for the company is 11.
<u>Solution</u>:
For one stock the cash flow ratio is 11.
Then the highest price we should pay is $22.00.
So we should pay $22.00 for one stock.
Therefore the highest price we should pay for the stock is $22.00
Maria involved with tragedy of the commons phenomenon.
The required details for tragedy of the commons in given paragraph
In economics, the tragedy of the commons is a scenario wherein man or woman users, who've open get right of entry to to a useful resource unhampered with the aid of using shared social systems or formal guidelines that govern get right of entry to and use, act independently in step with their personal self-interest and, opposite to the not precise of all users, reason depletion of the useful resource via their uncoordinated action. The idea originated in an essay written in 1833 with the aid of using the British economist William Forster Lloyd, who used a hypothetical instance of the results of unregulated grazing on not land in Great Britain and Ireland. The idea have become broadly referred to as the "tragedy of the commons" over a century later after a piece of writing written with the aid of using Garrett Hardin in 1968. Faced with proof of ancient and present commons, Hardin later retracted his authentic thesis, mentioning that the name must have been "The Tragedy of the Unmanaged Commons".
Although taken as a hypothetical instance with the aid of using Lloyd, the ancient death of the commons of Britain and Europe resulted now no longer from misuse of long-held rights of utilization with the aid of using the commoners, however from the commons' owners enclosing and appropriating the land, abrogating the commoners' rights.
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