A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level.

Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts? a. a decrease in t

ella [17]

Answer:

a. a decrease in the price of wool shirts and a decrease in the price of raw cotton

Explanation:

A decrease in the price of wool shirts would lead to an increase in demand for wool shirts and a decrease in demand for cotton shirt. Cotton and wool shirts are substitutes goods. Price would fall and quantity would fall. A decrease in the price of raw cotton would increase production of cotton shirts and the supply of shirts would increase. This would lead to a rightward shift in the supply curve. Quantity would increase and price would fall. The combined effect of this would lead to an unambiguous decrease in price.

I hope my answer helps you

3 0

2 years ago

Assume that you are a freshman and live in your school's dormitory. The agreement you've signed with the school states that you

andriy [413]

Your agreement with the school best approximates a tenancy for years.

<h3><u>What is tenancy?</u></h3>

A legal arrangement known as tenancy in common (TIC) allows two or more persons to jointly hold a piece of real estate or a plot of land.
The amount of total property, whether commercial or residential, under the ownership of each independent owner may be equal or different.
Tenants in common refers to the parties. One of the three types of joint ownership is tenancy in common.
Joint tenancy and entire tenancy are the other two categories. When a tenant in common passes away, their portion of the property falls to their estate, where a beneficiary of the share of property may be named. A TIC has no right of survivorship.

The dormitory agreement has a starting and ending point making it a tenancy for years.

Know more about tenancy with the help of the given link:

brainly.com/question/14399900

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5 0

1 year ago

A Coase solution to a problem of externality ensures that a socially efficient outcome is to internalize the externality through

ANEK [815]

Answer: Maximize joint welfare in respective or the right owner.

Explanation: A coase solution to a problem of externality insures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.

The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.

8 0

3 years ago

A movie theater manager asks an employee, "Should we distribute tickets to the movie on a first-come-first-served basis or throu

mixer [17]

Answer:

For whom to produce.

Explanation:

This fundamental question tends to answer the sector of the customers the company will produce for. It reflects the customer's buying power and willingness.

For example, If the customer we are producing has enough money, so we should go for first come first served basis, OR, If the customer lacks money and it hinders the customer to watch a movie so we motivate them to participate in a lottery so are in guise targeting that section as well.

4 0

3 years ago

At December 31, 2012 and 2013, Plank Corp. had outstanding 3,000 shares of $100 par value 8% cumulative preferred stock and 15,0

zalisa [80]

Answer:

Preference shareholders = $36,000

Equity shareholders = $9,000

Explanation:

As provided the outstanding preference dividend at end of 2012 = $12,000

Total cash dividends declared = $45,000 in the year 2013

Regular preference dividends = $100 $\times$ 3,000 $\times$ 8% = $24,000

Thus, when dividends will be paid in 2013 then firstly they will be used for payment to preference shareholders.

Thus, the company shall pay:

$12,000 + $24,000 = $36,000 to preference shareholders.

Further the balance will be paid to equity shareholders.

= $45,000 - $36,000 = $9,000

3 0

3 years ago