1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Why is there scarcity even in an affluent country like the united states?.
Law Incorporation [45]

Answer:

THERE ARE SCARCITY EVEN IN AN AFFLUENT COUNTRY LIKE THE UNITED STATES BECAUSE WANTS ARE LIMITED BUT NEEDS ARE UNLIMITED. SOME PEOPLE ARE POOR WHILE OTHERS ARE WEALTHY

7 0
2 years ago
you are appointed to head a special project team with a two-week deadline. you need to be efficient and timely. which leadership
romanna [79]

A person should use a directing leadership style throughout the first two weeks of project preparation.

Direct leadership focuses more on duties than it does on manager-employee relationships. There is limited space for autonomy when managers use this leadership style since they tell staff what to perform and expect them to complete the task.

The manager directs the team's objectives when practicing directional leadership. Senior management can, for instance, offer coaching, define roles, remove barriers, and offer appreciation as necessary.

It's crucial to have leadership in your organization if you want to boost productivity and reach your objectives. Effective leaders make their objectives clear, inspire and direct their followers toward the organization's mission.

The query is unfinished. Please read on to learn more lacking information.

Click here to learn more about leading by example: brainly.com/question/25927714

#SPJ4

5 0
1 year ago
Which of the following would NOT cause a shift in supply? A. changes in the price of inputs B. changes in the price of other goo
adell [148]

Answer:

C.

Explanation:

<em>The correct answer would be changes in consumer input.</em>

The supply of a good can be influenced by changes in the price of inputs for that goods, changes in the price of substitute goods, as well as changes in technology that positively or negatively affect the production of such goods.

What will not affect the supply of any good is changes to consumer's input. An input generally referred to a substance that is required to produce an output. Unless the consumer of a good is also the producer of that good, a consumer's input will not impact the supply of a product.

The correct option is C.

4 0
3 years ago
What is an economic factor on a business
blsea [12.9K]

Hi there!

<u>Information:</u>

<u>First, allow us to observe what an "economic factor is".</u>

- An economic factor is data taken out of market and economy.

- Economic factor may include certain costs. And these costs well be in our answer.

<u>Problem-Solving / Answer</u>

<u>Now, we figure out what economic factors we can find.</u>

<u>Tax rates</u> - tax rates can include an Economic factor.

<u>Laws</u> - Laws are a known economic factor.

<u>Unemployment</u> - Big one, at this time due to COVID-19, unemployment rates are flying off the charts. This is an example of an economic factor.

Important Keywords;

- Data ; <u>Data can be information taken from a place, for example, you have taken data from a chart.</u>

<u>Learn more:</u>

<u>Push factors: brainly.com/question/13553564</u>

<u>Economic growth: brainly.com/question/13023127</u>

<u></u>

<u />

8 0
4 years ago
1. Describe several operational and behavioral benefits that are generally attributed to a participative budgetary process. 2. I
morpeh [17]

Answer:

Explanation:

1. Some of the operational and behavioral benefits that are generally attributed to a participatory budgeting process are as follows:

a)  Utilization of the best knowledge of activities in a specific area, because the participants are close to daily operations.

b)  Goals that are more realistic and acceptable.

c)   Improved communication and group cohesiveness.

d)   A sense of commitment and willingness to be held accountable for the budget.

2. Four deficiencies in Patricia Eklund’s participatory policy for planning and performance evaluation, along with recommendations of how the deficiencies can be corrected:

Deficiencies Recommendations The setting of constraints on fixed expenditures includes uncontrollable fixed costs, thereby mitigating the positive effects of participatory budgeting. Rewards should be based on meeting budget and/or organizational goals or objectives. The arbitrary revision of approved budgets defeats the participatory process. The contingency budget should be separate, over and above each department’s srcinal submission. The division manager holds back a percentage of each budget for discretionary use. Managers should be involved in the revision of budgets. Managers could submit a budget with programs at different levels of funding. Evaluation based on budget performance must be accompanied with intrinsic rewards. Divisional constraints could be at a budget "kick-off meeting;however individual limit of controllable expenses should be set by each manager

6 0
3 years ago
Other questions:
  • Why do courts permit fraud to disrupt genuine agreement in a contractual setting?
    14·1 answer
  • Zanda Corp. wants to have a process structure that has cost advantages similar to continuous or repetitive processes, but wants
    7·1 answer
  • With reference to a basic OB model, ________ are determined in advance of the employment relationship and refer to variables suc
    13·1 answer
  • Professional athletes attempting only to maximize income will defer larger salaries if:
    6·1 answer
  • A monopoly A. ​doesn't lose any sales when it raises its price. B. must have a patent to protect its products. C. produces the m
    5·1 answer
  • agricultural workers and industrial laborers were almost the same number a) during 1850 b) during 1880 c) during 1890 d) during
    9·1 answer
  • Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin
    5·1 answer
  • To participate in conservation efforts,
    15·1 answer
  • Rolando purchases 13 shares of COIN at $325 per share. If he sells the
    7·1 answer
  • Use the graph to answer the question that follows.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!