All categories

3 years ago

In order to sell more goods and/or services, what must a monopoly do?

1 answer:

7 0

<span>In order to sell more goods and/or services, what must a monopoly do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors.

</span>

You might be interested in

Vincent operates a scenic tour business in Boston. He has one bus which can fit 50 people per tour and each tour lasts 2 hours.

mixas84 [53]

Answer:

There is some information missing, and when I looked for it I found similar questions but the demand was already given and the question was about Vincent's total daily income.

Passenger Price Daily demand

Adults $18 70

Children $10 25

Senior citizens $12 55

total 150

total revenue per day = ($18 x 70) + ($10 x 25) + ($12 x 55) = $1,260 + $250 + $660 = $2,170

total operating costs per day = (150 / 50) x $450 = $1,350

operating income per day = $2,170 - $1,350 = $820

6 0

3 years ago

Gdp includes the value of all select one:

baherus [9]

The correct answer is A.

GDP consists of all FINAL goods and services, and the only way it can be measured is through market prices.

5 0

3 years ago

The LIBOR scandal in 2012 involved a. banks reporting inflated earnings from their loans. b. hackers breaking into the loan docu

stepladder [879]

Answer:

C) banks falsely reporting the interest rates they offered in the interbank market.

Explanation:

The LIBOR rate is used all over the world to set banking interest rates. it reflects the cost of interbank loans. The LIBOR was used as a benchmark to charge interest rates to clients around the world, e.g. LIBOR + 2%.

The scandal involved many major banks, e.g. Deutsche Bank, Barclays, UBS, Rabobank, HSBC, Bank of America, Citigroup, JPMorgan Chase, the Bank of Tokyo Mitsubishi, Credit Suisse, Lloyds, WestLB, Royal Bank of Scotland, and a long list of etc.

What the banks did was artificially manipulate the LIBOR rate by increasing or decreasing it to show artificial profits from trading activities. When the manipulation was discovered, it had been going on for at least 7 years, and some believe it started earlier.

4 0

2 years ago

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,

jeka57 [31]

Correct/Complete Question:

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False

Answer:

True

Explanation:

The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;

- What goods and services should be produced?

- How should these goods and services be produced?

- Who consumes these goods and services?

Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.

I hope this helps.

5 0

3 years ago

Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 100,000 units of basic, 460,000

statuscvo [17]

Answer:

Bricktan Inc.

The total contribution margin if Bricktan chooses the most profitable sales mix is:

= $22,350,000.

Explanation:

a) Data and Calculations:

Basic Classic Deluxe

Sales units 100,000 460,000 170,000

Limited production capacity = 110,000 hours

Units per hour 10 8 4

Sales mix 10 8 4

Contribution per unit $15 $25 $55

Contribution per hour $150 $200 $220

Total production hours 10,000 57,500 42,500

Total contribution margin $1,500,000 $11,500,000 $9,350,000

Total contribution = $22,350,000

4 0

3 years ago

In order to sell more goods​ and/or services, what must a monopoly​ do?

In order to sell more goods and/or services, what must a monopoly do?