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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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Gracey's Department Stores has $200,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Gracey's also has $6
loris [4]

Answer:

e) $12,000 preferred; $18,000 common.

Explanation:

Dividend (Preferred) = 6% * Preferred stock outstanding

= 5% * $200,000

= $12,000

Dividend common = $30,000 - $12,000

= $18,000

Hence, the Cash dividend to preferred shareholders is $12,000 and that to common shareholder is $18,000

5 0
3 years ago
A candidate may apply to multiple jobs at the company Universal Containers by submtting a single application per job posting. On
ella [17]

Answer:

The administrator can create a master-detail relationship in the Application to the Job Postings.

Explanation:

A master-detail relationship is similar to a parent-child relationship where the master is the parent and the detail is the child and the master controls the behavior of the detail.

5 0
3 years ago
cost variance Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $2 per lb.) $ 8 per fini
maksim [4K]

Answer:

Total direct materials cost variance is $66,000 and it is favorable.

Explanation:

Actual cost = Actual Quantity × Actual Price

= 300,000  × $1.78

= $534,000

Actual cost with selling price = Actual Quantity  × Selling Price

= 300,000  × $2.00

= $600,000

The total direct materials cost variance is computed as:

Total direct materials cost variance = Actual cost with selling price - Actual Cost

= $600,000 - $534,000

= $66,000

It is favorable.

Working Note:

Actual Price per lbs = $534,000 / 300,000

= $1.78

8 0
4 years ago
Wesley's grandfather was a sharecropper, farming someone else's land. wesley's father was a farmer who farmed his own land. wesl
KonstantinChe [14]
<span>This reflects upward mobility and globalization. It also reflects a tendency by Wesley and his father to follow in their fathers' footsteps and choose a similar (in this case agricultural) career path. It reflects upward mobility because farming your own land is more prestigious and profitable that being a sharecropper, comparing Wesley's father to his grandfather's situation; and owning and international dairy company is more prestigious and profitable than owning one farm. Wesley's role in the world market also represents globalization, as this global market was likely not open to his father or grandfather.</span>
7 0
3 years ago
Which option identifies the concept represented in the following scenario?
MArishka [77]

Answer:

dumping

Explanation:

Dumping in international trade refers to exporting goods to another country at a lower price than in the domestic market. A company or country involved in dumping may sell goods in a foreign country below the production cost. The objective is to gain market penetration and acquire a sizable market share in the targeted country.

Dumping enables customers in the importing country to buy goods at a lower price. However, it may kill local industries leading to the closure of businesses and layoffs.

7 0
3 years ago
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