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RSB [31]
3 years ago
8

Bob owns a trout farm with monopoly power in north carolina. bob's optimal output occurs where marginal revenue ________. becaus

e of monopoly power, bob's supply curve ________. select one:
a. exceeds marginal cost; is perfectly inelastic
b. equals marginal cost; does not exist
c. equals marginal cost; is upward sloping
d. exceeds marginal cost; does not exist
Business
1 answer:
VladimirAG [237]3 years ago
4 0
<span>The right answer is C. marginal revenue equals marginal cost; is upward-sloping. Marginal revenue is the amount that revenue increases if someone sells one more unit of their product. When there's competition, every unit has the same price, but when there's a monopoly, you have to make cheaper every other unit to sell one more</span>
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Assume that the full-employment level of output is $2,000 and the price level associated with full-employment output is 100. Als
mariarad [96]

Answer:

MPC = 0.4

Explanation:

Multiplier shows change in income due to change (increase) in investment, or change (decrease) in tax. It is calculated by Marginal Propensity to Consume, as follows -

Multiplier ie k = Δ Income / Δ (govt investment or tax) = 1 / (1 - MPC)

Given : ΔG  ie tax fall = 60 ; Targeted income rise = Full employment - actual output = 2000 - 1900 = 100

k = ΔY / ΔG = 100 / 60 = 1.67

k = 1 / (1 - MPC) → 1 - MPC = 1 / k → 1 - MPC = 1 / 1.67 → 1 - MPC = 0.6

MPC = 1 - 0.6 → MPC = 0.4

8 0
2 years ago
Jessica does not believe that the methods and processes for determining salary increases in her company are fair. As per this ex
krok68 [10]

Answer:

Procedural justice

Explanation:

Procedural justice is centered on the idea that there should be fairness in the process used in making decision or resolving disputes in a transparent way without being impartial, to ensure the process brings out the right outcomes.

Jessica believes that there’s a problem with the firm’s procedural justice as she believes her firm’s process and methods in determining increase in her salary is not fair enough.

8 0
3 years ago
"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of
nalin [4]

Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.

6 0
3 years ago
Why might an older person invest in conservative investment portfolio? a.Because an older person has less time to make up for ba
Musya8 [376]
The correct answer is <span>a.Because an older person has less time to make up for bad investments

Young people have their entire life to fix their bad investments and can invest into new things that are up and coming and developing. Older people don't have time for that and have to approach investments differently.</span>
4 0
3 years ago
Joseph wants to take out a large loan. He has always paid his bills on time and has a fantastic credit score. He has been with h
oksano4ka [1.4K]

Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.

<h3>What are the Three C's of Credit?</h3>

To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,

  1. Character
  2. Capacity
  3. Capital or Collateral.

Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.

Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.

Hence, the three C's of credit are explained above.

Learn more about the Three C's of Credit here:

brainly.com/question/8743350

#SPJ1

7 0
1 year ago
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