Answer:
Correct answer is (C) The price and output of plumbing services will rise
Explanation:
In a monopolistic market if the service or commodity is initially in long-run equilibrium, and then there is an increase in demand, then, there will increase in price in a short run as people demands more and the provider of the service or the producer of the goods will tend to provide or produce more.
Answer: hello your question is incomplete attached below is the complete question
answer ; Government revenue from tax = $750,000 per month
Explanation:
Attached below is the required graph
Government revenue from tax ( per month )
= ( 450 - 30 ) ( 50 - 0 )
= $750,000 per month
Answer:
1. The resource demand curve of a firm operating in an imperfectly competitive industry is less elastic than the resource demand curve of a firm operating in a perfectly competitive industry.
2. A firm operating in an imperfectly competitive industry is less responsive to resource price changes than a firm operating in a perfectly competitive industry.
Explanation:
In an imperfectly competitive industry, the goods and services are heterogeneous, with few sellers and buyers, competition for market share, and the sellers are not price-takers. Since they are not identical, and sellers are not price-takers as in a perfectly competitive market, the sellers can increase prices when a resource price (cost) has increased, and still they earn economic profits. However, their ability to earn profits will depend on the quantities of goods produced and sold.
Answer:
The correct answer is the option D: Allows a company to use an account receivable aging as part of its methodology for estimating credit losses.
Explanation:
To begin with, the name of "Current Expected Credit Losses" in the field of business and accounting refers to an specific model used by the companies that was issued by the Financial Accounting Standards Board and its main purpose is to focus on estimation of expected losses according to the complete life of the loan. So therefore that this model allows the companies to use an accounts receivable aging ar part of its methodology for estimating the credit losses. And that is also why this system has had an important impact in the financial institutions of the United States of America.
Answer:
1) A) Adequate enough
2) C) That was unfinished
3) A) Purge empty words
C) Reject redundancies
Explanation:
Redundancies means words that are not necessary for the sentence. These words have repetitive meanings are not required in the sentence. Here adequate and enough both have similar meanings. Empty words are one which do not add extra meaning to the sentence. The word unfinished does not add any meaning to the sentence as it is already mentioned that there is incomplete data. By removal of empty words and redundancies the passage will be more precise and concise.
