Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
False because it is not our wrong.We like a stupid.So we must return it.
Answer:
C. updating the accounts at the end of the period.
Explanation:
Adjusting the accounts is the process whereby transactions are reviewed ( usually at the end of an accounting period) to ascertain that all transactions have been recorded. This process ensures that necessary adjustment are made where necessary.
For example, a prepaid insurance account may require adjustments that will ensure that insurance expense is recognized in the books. This may be done by determining the period of expired insurance and posting necessary entries. The process of doing this is known as adjusting the accounts.
Answer and Answer
Cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes
You can calculate the Cross Price Elasticity of Demand (CPoD) as follows: CPEoD = (% Change in Quantity Demand for Good A) Ă· (% Change in Price for Good A) Therefore the problem becomes CPEoD = 10% / 5% so CEPoD = 2%
. =2%
