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3 years ago

In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?

2 answers:

7 0

When a company has a monopoly on a product, there is no other competition so that producer can price the product however high they want. When there is competition, the product must be priced appropriately or the consumer will go to another option. Additionally, monopolies can result is a lesser quality product.

Readme [11.4K]3 years ago

5 0

Answer:

Prices will decrease when a market moves from a monopoly to a perfect competition mostly due to the fact that different providers of goods will try to outbid the other providers and will for that reason try to provide lower prices; to attract more customers.

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Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.

GenaCL600 [577]

I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what think)

therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)

3 0

3 years ago

if there is a budget deficit during the biennium, money can be used from the economic stabilization fund

Lunna [17]

If there is a budget deficit during the biennium, money can be used from the economic stabilization fund with approval of 3/5th of the members of both the Texas house and the Texas Sentae.

<h3>What is the meaning of the Senate?</h3>

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The majority leader is thought to be the party's most powerful senator since he or she represents the party's interests in the Senate as its top representative.

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Learn more about The Senate here:

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5 0

1 year ago

Managing values in the workplace legitimizes managerial actions and strengthens the coherence and balance of the organizationâ€™

Juli2301 [7.4K]

Answer:

False

Explanation:

Managing values in the workplace legitimizes managerial actions and strengthens the coherence and balance of the organization's culture. ETHICS IMPROVES RELATIONSHIPS BETWEEN EMPLOYEES AND THE WORK GROUPS. THEY ULTIMATELY HELP TO ENHANCE THE PRODUCTS' QUALITIES AND TO CULTIVATE GREATER SENSITIVITY TO THE IMPACT OF THE CORPORATION'S VALUES AND MESSAGES.

7 0

3 years ago

How much increase in net worth (equity) would a market basis balance sheet show over a cost basis if Land was purchased for $1,0

Pachacha [2.7K]

Answer: $4,050,000

Explanation:

Increase in net worth shows the after tax gain that the person got after the land in question increased in value.

= (Current value - Purchase price) * ( 1 - tax rate)

= (5,500,000 - 1,000,000) * (1 - 10%)

= 4,500,000 * 0.90

= $4,050,000

3 0

3 years ago

Suppose business decision makers become more optimistic about the future and, as a result, increase their investment spending by

Art [367]

Answer:

$80 million

Explanation:

We know that

Multiplier = (1) ÷ (1 - marginal propensity to consume)

= (1) ÷ (1 - 0.75)

= (1) ÷ (0.25)

= 4

Now the GDP would increase by

= Increase in Investment spending × multiplier effect

= $20 billion × 4

= $80 million increase

We simply multiplied the investment spending increase with the multiplier effect

4 0

3 years ago