The governmental action which would eliminate some or all of the inefficiencies that results from monopoly pricing is; Choice B; Prohibiting the monopoly from price discrimination.
Discussion:
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider(monopoly) in different markets.
In essence, when the government prohibits the monopoly from price discriminating, some of the inefficiencies of monopoly are eliminated.
Read more on monopoly;
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Answer:
Consider the following explanations
Explanation:
1). Balance of allowance for uncollectible accounts on 12/31/2021 is $66,500.
2). Journal entry for adjusting the allowance for uncollectible account is :
Here we already have $22,000 credit balance in allowace for uncollectible account and hence adjusting entry is of $44,500 which makes the ending balance of allowace for uncollectible account to $66,500 credit.
3). Net account receivable balance on 12/31/2021:
Accounts receivables total = $520,000
Less: Allowance for uncollectible account = $66,500
Net Account Receivables = $453,500
Answer and Explanation:
The adjusting entry is shown below:
Salary expense Dr ($17,250 ÷ 5 days × 2 days) $6,900
To Salary payable $6,900
(Being salary expense is recorded)
here salary expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
Answer:
Smiles, frowns, waves, middle finger, thumbs up, thumbs down, peace sign, grunt, sigh, raised eyebrows, wrinkled brow, wink, sticking out your tongue, flexing, closing your eyes, nodding your head, shaking your head, tilting your head, licking your lips.
Explanation:
All non verbal, yet speak volumes.
Answer:
The correct answer is: increase; rise; more; lower; option d.
Explanation:
An expansionary monetary policy leads to an increase in the money supply. This further causes the demand for goods and services increase. A rightward shift in the aggregate demand curve causes the price level to rise.
At a higher price level, the firms will produce more goods and services. To increase output, they will need more inputs. As a result, the rate of unemployment will decrease.
We see that there is a trade-off between inflation and unemployment. At lower inflation, the rate of unemployment will be higher and vice versa.
