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denpristay [2]
3 years ago
9

Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist__

___its price, quantity would fall by a percentage than the rise in price, causing profit to_______. Therefore, a monopolist will_______produce a quantity at which the demand curve is elastic.
Business
1 answer:
miss Akunina [59]3 years ago
3 0

Answer:

raises;larger;decrease;always.

Explanation:

Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.

A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;

- Single seller.

- Profit maximizer.

- Price maker.

- High barriers to entry for others.

- Price discrimination.

- No close substitutes or competition.

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Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will
OlgaM077 [116]

Answer:

Differential income from the special order= $127,000

Explanation:

A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.

The relevant cost for decision to accept the special order are  

I Incremental Revenue from the special order  

2. incremental variable cost

Contribution per unit = 18-13=5

Total contribution from special order = contribution per unit × units

                                                      = 5× 25,400=$127,000

Differential income from the special order= $127,000

Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision

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kolezko [41]

Answer:

D.Being punctual, managing time and enforcing polices.

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What are the cons to raising a minimum wage? ​
tekilochka [14]

Answer:

higher taxes

Explanation:

if we raise minimum wage the tax scale will also raise. our income bases off how much we pay in taxes. meaning more money, more taxes.

3 0
4 years ago
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Why the feedback form is so important for the trainer and the training itself?​
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It tells on how he or she can improve his ways of training based on the previous people he or she trained feedbacks.

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A U.S. business sells milk to consumers in France. Which situation would most likely cause demand for milk to rise in France?
lys-0071 [83]

A situation that would most likely cause demand for milk to rise in France is French consumers expect the price of milk to increase in the future.

<h3>What causes an increase in the demand for a product?</h3>

The demand for a product is affected by:

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When it is expected that the price of a product would increase in the future. Consumers would want to buy the product now when it is cheaper so as to save money.

For more information about the change in demand, please check: brainly.com/question/25871620

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