<span>Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. It involves inflation
rising as real gross domestic product rises and unemployment falls, as
the economy moves along the Phillips curve. This is commonly described
as "too much money chasing too few goods".</span>
Answer:
stock turnover = 5
Explanation:
stock turnover = total sales / average inventory = 350 units / 70 units = 5
Stock turnover is how many times a company has sold and replaced its average inventory.
Stock turnover is a good measure of sales necromancer, the higher the stock turnover, the better the sales performance. Usually a stock turnover between 4-6 is considered healthy.
The type of account that typically has very high liquidity, low or no interest, and low minimum balance is a checking account. A checking account in most cases does not offer interest for keeping your money in the bank whereas a savings account usually does. The minimum balance is very low commonly $25 or a direct deposit going into the account will work instead of having a minimum balance. Most people keep a smaller amount of money in their checking account and a larger amount in their savings.
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
Learn more about Marginal revenue :
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