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Gnom [1K]
3 years ago
9

Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice

Business
1 answer:
goldfiish [28.3K]3 years ago
5 0

Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

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Communication has the best chance of being interpreted accurately when:
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When : It is face to face..

let me know if correct..
3 0
3 years ago
Material requirements plus an allowance for normal inefficiencies are added together to determine the.
azamat

Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

<h3>What is the standard quantity?</h3>
  • The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.
  • It is calculated by multiplying actual production units by the standard material quantity per unit.
  • For example, during the month of March, a company manufactured 2000 items.
  • The typical amount of material needed to produce one unit of output was 5 pounds.
  • A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities].
  • Chemists conduct many measurements.
  • If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.

Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

Know more about standard quantity here:

brainly.com/question/17192301

#SPJ4

The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.

4 0
2 years ago
Scenario 1: Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximu
ELEN [110]

Answer:

<em>The question is incomplete, complete question is as follows:</em>

Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximum annual contribution to such accounts is $5,000 per person. Now suppose there is a decrease in the maximum contribution, from $5,000 to $3,000 per year.

Shift the appropriate curve on the graph to reflect this change.

This change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to and the level of investment spending to.

Explanation:

<em>To decrease.</em>

Saving is the basis of the loanable finance supply.

<em>Decreasing the saving rates which families may shelter from income tax would deter saving on each interest rate, contributing to a change in the supply of loanable funds to the left. </em>

The initial interest rate is due to a shortage of loanable funds. The lenders will also be able to increase the interest rate which they charge for loans with more inclined borrowers than lenders.

Whilst the interest rates increase, the quantity required for loanable funds is declining. The equilibrium interest rate is increasing, and the equilibrium amount of borrowed and invested loanable funds is decreasing.

5 0
4 years ago
Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might th
Ronch [10]

Answer:

For example, Brexit. Brexit refers to the UK retreat from the European Union, one of the most famous economic unions in the world. The economic implications of Brexit are numerous, ranging from the new tariff regulations to the regulated movement of people and animals through the newly established borders.

As for individuals, let's see the example of an EU citizen seeking a Master's degree in the UK. That student may face a different tuition fee when applying after Brexit.

5 0
3 years ago
Carl Critic has just announced his choices of the worst Hollywood actresses of the year, and Stella Starr has been named the wor
Alekssandra [29.7K]

Answer: No, this was merely Carl's opinion.

Explanation:

Labelling a statement as an opinion generally protects the person who said it from defamation suits however this is not always the case.

If the opinion is based on disclosed and well known facts, the action is free of defamatory or libel charges.

This seems to be the case in this scenario as his column seems to be based on the performances for the year.

Bottomline is, Stella cannot sue Carl for libel as it is his opinion.

7 0
3 years ago
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