1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
butalik [34]
3 years ago
9

Consider the relationship between monopoly pricing and the price elasticity of demand. if demand is inelastic and a monopolist r

aises its price, quantity would fall by a percentage than the rise in price, causing profit to . therefore, a monopolist will produce a quantity at which the demand curve is elastic.
Business
1 answer:
Phoenix [80]3 years ago
5 0
That statement is true.
This usually happen for the commodities that are very crucial to our everyday lives, such as food, water, or oil.
No matter how much the price of these commodities increases, the demand for them will always remain constant.
You might be interested in
Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 20
dem82 [27]

Answer:

$,1,326

Explanation:

Calculation to determine how much can Clark claim as a child and dependent care credit in 2020

Using this formula

Amount to claim=Tax rate*(Housekeeper salary+ Amount paid to Kiddie play camp)

Let plug in the formula

Amount to claim=26% *($3,600 + $1,500)

Amount to claim=26%*$5,100

Amount to claim=$1,326

Therefore The amount that Clark can claim as a child and dependent care credit in 2020 is $1,326

8 0
3 years ago
Which of the following is a disadvantage of the corporation form of ownership?
Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

Explanation:

The disadvantages of the corporation form of ownership are as follows -

a) It takes lot of time and hence is time consuming

b) The taxation gets double

c) Also, the formalities/protocols are very tough

Hence, the option C is correct

5 0
3 years ago
Select the correct statement regarding break-even point analysis.
svetoff [14.1K]

Answer:

Option B is true.

Explanation:

Giving the following information:

The break-even point in units formula is:

Break-even point= fixed costs/ contribution margin

What changes the break-even point:

A variation in fixed costs.

A variation on the selling price.

A variation in the unitary variable cost.

<u>The higher the fixed costs, the higher the number of units. Lower the contribution margin, the higher the number of units.</u>

Therefore:

a. An increase in contribution margin per unit causes the break-even point in units to increase. False, is the opposite.

b. An increase in fixed costs causes the break-even point to increase. True, now the organization needs to sell more units to cover the fixed costs.

c. The break-even point in sales dollars equals total fixed costs divided by contribution margin per unit. False, in dollars you need to divide it for the contribution margin ratio (contribution margin / selling price).

d. A decrease in the variable cost per unit causes the break-even point in units to increase. False, is the opposite.

3 0
4 years ago
A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and
bogdanovich [222]

Answer:

The trader should orders to buy ABC stock or take a long position to the stock.

Explanation:

The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.

6 0
4 years ago
ABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank
trapecia [35]

Answer:

Total Asset = $2,598,200

Explanation:

Accounting equation : Asset = Equity + liabilities

Equity =common stock + retained earnings

          = ( 5000*$400) + (40000 - 1800)

          = $2,000,000 + 38200

          = $2,038,200

Liabilities = $240,000 + 320000

               = $560,000

Total Equity and Liabilities = 2038200 + 560000

                                            = $2,598,200

double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.

6 0
4 years ago
Read 2 more answers
Other questions:
  • What is one result thats occured because of the Advent of the internet
    12·1 answer
  • Deana and Rod Li went on a one-week vacation at the Club Med Turkoise village, located in Turks and Caicos, a chain of islands i
    8·1 answer
  • When auto manufacturer BMW purchased the RollsminusRoyce brand​ name, BMW had to hire and train a new staff of assembly workers.
    11·1 answer
  • Courtney recently ordered a few books online. However, she received the wrong order. She was completely dissatisfied and returne
    5·2 answers
  • John has started a company that will raise venture capital, and anticipates that ownership interests in the business will be wid
    5·1 answer
  • Stan plans to invest $100,000 in either a risk-free bond or a portfolio of 100 stocks. If he buys the bond, it will be worth $10
    7·1 answer
  • 1. If some industries exhibit internal economies of scale, we should not expect to see (a) monopolistic competition in these ind
    5·1 answer
  • Select the answer that best describes why the return on investment (ROI) for higher education is high even thought the cost of c
    9·1 answer
  • Which of these is the BEST example of economic growth? *
    9·1 answer
  • Mia’s gross pay is $2954. Her deductions total $724. 15. What percent of her gross pay is take-home pay?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!