Allocator- Price thus serves the function of allocator. First, it allocates goods and services among those who are willing and able to buy them. (As we noted in Chapter 1, the answer to the economic question “For whom to produce?” depends primarily on prices.) Second, price allocates financial resources (sales revenue) among producers according to how well they satisfy customers’ needs. Third, price helps customers to allocate their own financial resources among various want-satisfying products.
If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.
<h3>Who is a
monopolist?</h3>
monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.
It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .
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Answer: Posters promoting good security behavior and designated mailing list.
Explanation:
One of the ways to create awareness in people's mind is by posting images, writings on walls and boards for their veiwing, when this is done over a period of time, they get conformed in their minds to adjust to what they've been seeing, another way is by designated emails, especially coming from the organization, through this emails, they can give their suggestions and complains also on what they feel or want to be done in the organization.
Detereation of muscle tissue causing weakness in the limb
Answer:
The answer is letter A. TRUE
Explanation:
Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.
