Answer: The correct answer is "c. marginal revenue will be positive but declining.".
Explanation: If a pure monopolist is operating in a range of output where demand is elastic: marginal revenue will be positive but declining.
To the extent that the monopolist's demand has a negative slope, the marginal income is always below it. And this is so because to sell more the monopolist has to lower the price, and this reduction in the price affects all the units that will sell.
Answer:
elastic demand curve
Explanation:
Based on the information provided within the question it can be said that an elastic demand curve would result in the largest change in the price of restaurant meals. This is because this demand curve illustrates the large changes in prices as demand for the product or service either goes up or down throughout the years.
Answer:
The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.
Dec 31 Fees Earned $56,000 Dr
Income Summary $56,000 Cr
We bring account credit balances to zero by debiting them. The entry closes revenue accounts and leaves them with zero balances. The accounts are now ready to record revenues when they occur in the next period.
Answer:
When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth.
Explanation:
i just did it on edg 2020
There are a couple of methods that First National Bank can use in order to compete with other banks in south Africa, such as :
- Increasing their interest rates for saving to gain more mass deposits from the mass
- By creating a couple of regulations that could invite more capital to the bank (such as giving a car if you deposit an xxxxx amount within 1 year)
- Expanding their subsidiaries not only in South Africa, but also to neighborhood countries to increase the net income
