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3 years ago

In statistical discrimination,

Business

1 answer:

MakcuM [25]3 years ago

5 0

Answer:D. Workers are given preferential treatment if they help fulfill a quota for particular type of characteristics.

Explanation:

Statiscal discrimenation is a preferential treatment of workers based on racial or gender inequality.

e.g restrictions of employment to singles because they have less responsibilities compared to the married.

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A monopolist has market power because it Group of answer choices none of the Answers are Correct. Faces a downward-sloping deman

Ksenya-84 [330]

A monopolist has market power because it faces a downward-sloping demand curve for its own output.

A monopolist has market power because he is a price maker and not a price taker.

A monopolist undergoes a downward-sloping demand curve for its own output.
When a firm, primarily in a monopoly, increases its market price by decreasing its output, it exerts its price-making abilities.
As a price maker, a monopoly will always face a downward-sloping demand curve.
A downward-sloping demand curve indicates that a greater quantity of a commodity would be demanded when the price is lower.
A monopolist has more leeway in determining the output and prices.
Since, a monopolist has market power, they determine the price of the commodity, facing a downward-sloping demand curve at all times.

Therefore, a monopolist has market power because it faces a downward-sloping demand curve for its own output.

Learn more about a monopoly here:

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6 0

1 year ago

Why is important business plan ensure the success of the business

vlada-n [284]

Answer:

because it's will Ganna give you a business

8 0

2 years ago

Read 2 more answers

The interest on some municipal bonds is tax free, in contrast to the interest on corporate bonds. If the current annual interest

igomit [66]

Answer:

17.77%

Explanation:

Please see attachment

4 0

3 years ago

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corpo

Fudgin [204]

Question:

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation:

Contribution margin.... 200,000

Fixed Expense.... 500,000

net operating loss..... (300,000)

If Children's Division is dropped, half of the fixed costs above can be eliminated. What will be the effect on Grunge's profit next year if Children's Division is dropped instead of being kept?

A) 50,000 increase

B) 250,000 increase

C)250,000 decrease

D) 550,000 increase

Answer:

Option A is correct

Increase in profit = $50,000

Explanation:

To determine whether or not it will be profitable to drop a loss making division, we compare the savings in fixed cost to the lost contribution from the division.

It is noteworthy that only the fixed cost attributed to division can only be saved should the division be shut down.

The analysis is done as follows:

Lost contribution (200,000 )

Savings in fixed cost (1/2× 500,000) <u> 250,000 </u>

Net savings <u> 50,000</u>

Increase in profit = $50,000

3 0

3 years ago

Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she

Elanso [62]

Answer:

A) is maximizing her total utility from the given fixed budget.

Explanation:

The equal marginal principle refers to the principle in which the consumer would select that combination of goods which maximise its total utility. It could be selected by having marginal utility and its price

And for profit maximization, the marginal utility and the price is equivalent to both the goods.

i.e

$\frac{MU_X}{P_X} = \frac{MU_Y}{P_Y}$

$\frac{60}{2} = \frac{30}{1}$

30 = 30

Hence, the correct option is a.

5 0

3 years ago