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.
Answer:
the rancher.
Explanation:
According to my research on land ownership benefits, I can say that based on the information provided within the question the person that owns the oil would be the rancher. This is because the rancher is the owner of the parcel of land, which usually includes the mineral rights to that piece of land. If the land ownership does not include the mineral rights then whoever owns these rights also owns the oil.
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Answer:
7.5%
Explanation:
A forever series formula for the interest rate is i = A / PV
Annual benefits = $75,000
Present value = $1,000,000
Thus, i = $75,000 / $1,000,000
i = 0.075
i = 7.5%
Therefore, the internal rate of return is 7.5%
A researcher found that students who scored high on a test of reading achievement also scored high on a self-esteem inventory. the researcher can say that reading achievement and self-esteem are <u>positively correlated.</u>
Two variables that move together, or in the same direction, are said to have a positive correlation. A positive correlation exists when one variable increases as the other increases or when one variable decreases while the other decreases. Theoretically, the same external forces can affect both of these separate variables because they travel in the same direction.
A fully positive correlation means that the variables move together by the same proportion and direction 100% of the time. The demand for a product and the price that goes along with it are positively correlated. If demand increases in circumstances where the supply is constant, the price will go up.
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