Answer:
The answer is monopoly.
Explanation:
Monopoly is a market type where there is only one producer that is capable of manufacturing a certain product. In this type of market, the producer is capable of producing the smallest amount of products and setting the price that the consumers should pay to purchase the product. The former is possible mainly because the company is capable of knowing how many products do they need to manufacture to achieve the target profit – their sales projection tends to be more accurate than other companies that operate in a different market type.
Discrimination is not applied at the concession stands because there can be exchange of the product from children, who'd buy it at a lower price, to adults.
Answer:
$7,899,827
Explanation:
The computation of the maximum increase in money supply is shown below:
Data given in the question
Additional value in excess reserves = $868,981
Reserve ratio = 11%
By considering the above information, the maximum increase in money supply is
= Additional value in excess reserves × 100 ÷ reserve ratio
= $868,981 × 100 ÷ 11
= $868,981 × 9.09
= $7,899,827
Answer:
The home must sell for $616,500 to be able to settle all costs
Explanation:
The net to the formula can be used to ascertain the price of the property , the formula is given below:
Net amount=Sales price*(100%-commission rate)
The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000
Net amount =$75000+$450000+$36000
=$561000
commission rate is 9%
$561000=sales price*(100-9%)
$561000=sales price*91%
sales price =$561000/91%
=616483.52
But to the nearest $100 is $616500
Answer:
Note that goods that are considered in general have a broad demand and goods with broad demand are inelastic as there are no substitutes for them. Goods that are specific by nature have narrow demand and have elastic demand because consumers can switch to others if the price is increased slightly.
Hence, Mayonnaise in general, Washing machines and beer have inelastic demand as there are no close substitutes. The remaining three, namely, specific brand of mayonnaise, Chevrolet automobiles and Tesla automobiles have elastic demand as there are substitutes and consumers/users will switch to others if the price is no more favorable.
