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3 years ago

Pure monopoly refers to_____. rev: 05_15_2018 Multiple Choice

Business

1 answer:

alisha [4.7K]3 years ago

5 0

Answer:

The correct answer is option c.

Explanation:

Pure monopoly refers to a market where there is a single producer selling a product with no close substitutes. Such type of market is very rare.

There is restriction on entry and exit of firms in the market. The firm operating in this market is a price maker and faces a downward-sloping demand curve.

No close substitutes, single seller and barriers to entry are essential conditions for a pure monopoly to exist.

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The authors describe "writing programs" as:

GrogVix [38]

<span>I would think being an author they would view writing as fun and creative. writing programs if they are fun and creative would draw more people in and they would find a way to be creaitve and have fun at the same time.</span>

5 0

3 years ago

Starbucks' efforts to expand its distribution beyond traditional outlets, including other restaurant chains, hotels, airlines, u

sweet-ann [11.9K]

Answer: False

Explanation:

Starbucks efforts to expand have yielded fruit as it is now more accessible to its ever increasing customer base which is as a result of the brand's recognition and reputation.

They are now more successful as a result and this is proven by the fact that Starbucks revenue has been rising since 2013 from around $14 billion to $26.5 billion in 2019.

8 0

3 years ago

2) Food bill before tax: $80<br>Sales tax: 7.9% Tip: 20%

dangina [55]

Grand Total + Total Bill Subtotal Sales Tax (7.9%)

Total Tip (20%)

Each Pays + Sales tax of 7.9% towards $80.00 is $6.32

A tip of 20% towards $86.32 is $17.26

does this help?

3 0

3 years ago

UP Forklifts sells two products, large forklifts and small forklifts. A large forklift sells for $ 80 comma 000 per unit with v

svlad2 [7]

Answer:

Break-even point (units)= 90 units

Explanation:

Giving the following information:

Large forklift:

Selling price= $80,000 per unit

Unitary variable cost= $26,000 per unit.

Small forklifts:

Selling price= $60,000 per unit

Unitary variable cost= $12,000 per unit.

Total fixed costs for the company are $4,455,000.

Sales proportion:

Large forklift= 0.25

Small forklift= 0.75

To calculate the break-even point in units, we need to use the following formula:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (0.25*80,000 + 0.75*60,000) - (0.25*26,000 + 0.75*12,000)

Weighted average contribution margin= 65,000 - 15,500= 49,500

Break-even point (units)= 4,455,000/ 49,500

Break-even point (units)= 90 units

5 0

3 years ago

You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000

vlada-n [284]

Answer: 81.1 months

Explanation:

You can use the NPER function on Excel to calculate this:

Rate = 7%/12 months = 7%/12

Pmt = -3,000 to represent the monthly deposit

FV = 310,000

Number of months should be: 81.1 months

5 0

3 years ago