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tino4ka555 [31]
3 years ago
11

Assume that due to unfavorable conditions in a prime honey-producing area, the price of honey increases by 50 percent. the quant

ity consumed of herbal tea declines immediately by 25 percent. everything else held constant, the:
Business
1 answer:
vodomira [7]3 years ago
8 0

The answer to this question that would complete the statement is “<span>cross-price elasticity of demand for herbal tea and honey is negative, and therefore the two goods are complements.</span>”

<span>This means that a change in price of one product, directly affect the demand of the other product in an inversely fashion. In this case, as the price of honey increases, the demand for herbal tea decreases.</span>

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g Because of the downward sloping demand curve, a monopolist can increase its revenue is by ________. Group of answer choices on
guapka [62]

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

5 0
3 years ago
What is the worst result of a team leader failing to delegate responsibility or
drek231 [11]

Answer:

D. The team might feel that the leader does not trust their abilities

Explanation:

APEX

8 0
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Bob's big burgers n' shakes restaurant brings a suit, seeking a remedy at law. a remedy at law is
pshichka [43]
A remedy at law is monetary damages
5 0
3 years ago
Videos are most likely to go viral if they're
TEA [102]

Answer:

animated and cute animals antics

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4 0
3 years ago
n 1982 the inflation rate hit 16%. Suppose that the average cost of a textbook in 1982 was $25. What was the expected cost in th
Elis [28]

Answer:

Total number of years = 35

a. Expected cost in 2017 = $25 * e^(35*0.16)

Expected cost in 2017 = $25 * e^5.6

Expected cost in 2017 = $25 * 270.42

Expected cost in 2017 = $6,760.50

b. If the average cost of a textbook in 2012 was $150, then the actual inflation rate:

150 = 25 * e^(r*t)

150 = 25 * e^(r*30)

6 = e^(r*30)

Taking log base e on both side

30r = Ln6

30r = 1.7918

r = 1.7918/30

r = 0.05972667

r = 5.97%

So,  actual inflation rate is 5.97%

6 0
3 years ago
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