Answer: The same as the industry's demand curve
Explanation:
The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.
<h2>You made the choice with the lowest "Opportunity cost".</h2>
Explanation:
Opportunity cost in simple terms, can be explained as "You get one by losing the other".
So why this opportunity cost is necessary? Let us understand.
This plays a significant role in "Personal finances". This is the effective part to be learnt to make decisions on finance.
Some of the real life examples are listed below:
- Attending the interview is important than attending an entertainment event
- Only if you spend time and money you can see a movie
"Theorie der gesellschaftlichen Wirtschaft" coined the word "opportunity cost".
105 if the vegetables, fruits, and cheeses are unique.
6 if the vegetables, fruits, and cheeses are interchangeable.
There are 2 possible solutions to this problem depending upon how you actually look at the problem. Both solutions assume that the problem gets simplified to "What 13 items out of the 4 vegetables, 5 fruits, and 6 cheeses, will Marlon select?" The reason is because Marlon is going to select the 7 breads, so he can only select 13 more items.
First possible solution is that the vegetables, fruits, and cheeses are unique. For instance he has peas, carrots, tomatoes, and beans as his vegetables and the same for fruits and cheeses. For that situation, the number of ways to fill the remaining 13 slots is 15!/(13!2!) = 105 possible ways.
The second possible solution is that he has 4 identical vegetables, 5 identical fruits, and 5 identical cheeses. Since each item of each type is identical, there isn't any real distinction between them. So let's simplify the problem and instead as "Which 2 items Marlon won't buy?" and the answer to that question will be the same as the number of things he will buy. But it will be small enough to completely enumerate the possible solutions. Marlon may throw away as the first item any of a vegetable, fruit, or cheese for a total of 3 possibilities. And for the 2nd item, it can also be any of a vegetable, fruit, or cheese. So you have 9 possibilities. But that's not completely true. There's no real difference between vegetable/cheese and cheese/vegetable. So if you ignore the order, there's a total of 6 different combinations that Marlon can toss out of his cart. And therefore there is a total of 6 possibilities for Marlon to fill the remaining 13 slots he has in order to use the express lane.
Answer:
$206,000
Explanation:
Beginning inventory 10,000*9.2 $92,000
Purchases during the month (9000*8+ 6000*7) $114,000
Cost of Goods available for sale $206,000
Answer:
1 & 2.
Explanation:
describes an interdisciplinary field dedicated to understanding and managing people at work. - value depends on its usefulness to your job and career.
