Answer:
only increasing price on its goods
Explanation:
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses
Answer:
coffee
Explanation:
A country has absolute advantage in production if it produces the same amount of goods using less resocurces or the country uses the same amount of resources to produce more quantity of goods when compared to other countries.
Latuna uses 10 resocurces to produce 1 ton of coffee while South Narnia uses 40 resocurces to produce 1 ton of coffee. Thus, latuna has absolute advantage in the production of coffee.
While South Narnia has absolute advantage in the production of wheat.
I hope my answer helps you
Answer: Transactional leadership
Explanation:
Transactional leadership a style of leadership that grounded in the exchange relationship between the leader and the follower.
For transactional Leadership, promotion of compliance is done through both rewards and punishment.
Total amount won in a lottery, P = $11,000,000
Yearly payments, C = 11,000,000/26 = $423,076.92
The payments will be done at start of every year.
With monthly compounding;
PV = C{(1-R/12)^-25*12)/R/12)+(1+R/2), where R = Interest rate = 9% = 0.09
Therefore,
PV = 423076.92*{(1-(1+0.09/12)^-12*25)/0.09/12}+(1+0.09/12) = $51,310,701.95
Therefore, the present value will be more if the amount is invested.
Answer:
When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.