<span>An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.</span>
Answer:
the monthly benefit taxable income would be $900
Explanation:
For a Plan of $1,000/month if the employer pays $90 and the employee pays the other $10 of a $100 group disability premium.
after paying the total amount of %100 according to the plan if the employee gets disabled then he will get 90% of the total amount which is taxable income.
Answer: True
Explanation:
Social media engagement refers to the measurement of likes, comments, and shares. It should be noted that the greatest measure of social media success is simply the engagement of the audience.
It is vital for marketers to recognise how important engaging customers is. It should be noted that social media engagement and s a important and profitable way to engage ones customers as their current behavior can be taken into account and this is then used for making future references and behavior.
Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
C) exclusive ownership of the drug's right to sell it for a limited time.
What guarantees the monopoly when a pharmaceutical company discovers a new drug?
A company without market power is a monopoly. Patent law grants a pharmaceutical company a monopoly when they discover a new drug: the right to sell the drug in part for an unlimited number of years.
What is monopoly power's fundamental source?
Barriers to entry are the primary factor that lead to monopoly. There are three sources of entry barriers: Responsibility for secret weapon.
Is a patent monopoly-granting?
Invention is rewarded by patents, not commercialization. In a similar vein, a patent does not constitute an economic monopoly. First, because having a patent does not result in the "single supplier" situation that is typical of most monopolies in real life.
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