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hichkok12 [17]
3 years ago
6

A monopolist enjoys a monopoly over the right to sell good X on a certain island. He imports X from abroad at a cost of C each a

nd sells at the price P∗ that maximizes profits. One day, the island’s government annexes a neighbouring island and extends the monopolist’s monopoly rights to this island. People on the annexed island have the same tastes and incomes and there are just as many people as on the first. What is the resulting change in monopolists’ price, sales and profit? Note: Demand is downward sloping but non-linear. Explain ALGEBRAICALLY and GRAPHICALLY.
Business
1 answer:
Yanka [14]3 years ago
6 0

Answer:

The monopolist keeps his price constant and his sales double.

Explanation:

This is because monopolist is already charging a price that maximises his profits and people on the annexed island have same preferences so his demand curve will shift outward with price remaining the same and thus he will sell double the amount than under previous condition.

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Budgeting for Needs
DanielleElmas [232]

Answer:

From the bank statement of $23000 the needs are:

  • cell phone plan = $45
  • rent = $400
  • car insurance = $60
  • Electric bill = $60
  • car payment = $250

Explanation:

A need is something needed for an individual to live a fulfilling life without adverse effect. if a need is not fulfilled it can cause an adverse effect like sickness,death or it might cause a fine or penalty.

cell phone plan is an need because without a cell phone plan a cell phone user might be unable to communicate properly with his business associates and family who might not always be with him and he might be unable to pass along proper and timely information as well

Rent is necessary because housing is one of the most important needs of a man without rent plan there would be no proper housing

car insurance: insurance helps to reduce the burden of accidents on the car owner. if he fails to pay his insurance when due. if the car is caught up with eventualities of accident, the insurance company might not respond to him

Electric bill : this is a very important need as well in America. failure to pay the electric bill results to shortage of electricity and electricity is vital to everyday living.

car payment: the regular payment of car loans helps to escape the penalty of late payment hence this is a need.

7 0
3 years ago
Suppose that you hold a piece of land in the City of London that you may want to sell in one year. As a U.S. resident, you are c
podryga [215]

Answer and Explanation:

(A) E(P) = (0.6) × ($2800) + (0.4) × ($2250)

= $1680+$900

= $2,580

E(S) = (0.6) × (1.40)+(0.4) × (1.5)

= 0.84 + 0.60

= $1.44

Var(S) = (0.6)(1.40 - 1.44)² + (.4)(1.50 - 1.44)²

= .00096+.00144

= 0.0024.

Cov(P,S) = (0.6)(2800-2580)(1.4-1.44) + (0.4)(2250-2580)(1.5-1.44)

= -5.28-7.92

= -13.20

b = Cov(P,S)/Var(S)

= -13.20/.0024

= -£5,500.

there is a negative exposure.  as the pound gets stronger/weaker against the dollar the dollar value of british holding goes higher.

(B)  b²Var(S) = (-5500)²(.0024) = 72,600($)²

(C). i would Buy 5,500 forward to hedge exchange risk exposure. By doing this, i can eliminate the volatility of the dollar value of your British asset that is due to the volatility of the exchange rate

4 0
4 years ago
Debt-to-equity ratio is:
Ahat [919]

Answer: calculated by dividing total liabilities by net worth.

Explanation:

The debt to equity ratio is used to know how credit worthy a company is. This is gotten by dividing the total liability of a company by the equity of the shareholder.

It should be noted that the debt t equity ratio isn't gotten dividing your assets by liabilities. Therefore, based on the information given above, the answer is A.

8 0
3 years ago
All of your teammates are dedicated to the project. They put in the time and effort to complete their individual assignments and
lapo4ka [179]

Answer:

Structure team discussions to focus on a smaller set of key issues.

Explanation:

The best way to get outcome from the team is to set structure team discussions so they can focus on key issues and any ambiguity or issues can be resolved with an outcome as a team.

8 0
3 years ago
How much money does a Sales Agent make?
Flauer [41]

Sales Agent makes an average income of nearly 67,000 dollars approximately per year

<u>Explanation:</u>

Sales agent performs the duty of selling and distributing the products to the customer. They also provide complete services regarding the products and duly take the responsibility in clearing an issue in the product.

Sales Agents perform various roles such as;

  • Provides a complete description regarding the product along with its feature.
  • Interact with business officials for future sale agreements.
  • Maintains a friendly relationship with their customers.
  • Progress towards rapid growth in selling more products.
7 0
3 years ago
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