Why isn't elasticity just measured by the slope of the demand curve?

for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. ma

strojnjashka [21]

For a monopolist b. price is above marginal revenue.

<h3>What Is Marginal Revenue? </h3>

Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.

As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.

Read more on Marginal Revenue here:

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8 0

2 years ago

What is moral muteness? Why do you think an advertising professional might experience this phenomenon?

SpyIntel [72]

Answer: See explanation

Explanation:

Moral muteness occurs when as individuals in the society, we choose not to speak up when we witness an unethical behavior by someone. Even though such issues don't go along with the moral beliefs of the person who witnessed it, he or she decides not to speak against it.

An advertising professional might experience this phenomenon because of the fear of the fear of the fact that speaking up might affect his or her chance of selling the product to the person with the unethical behavior and also due to fear of losing ones job.

7 0

3 years ago

A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beg

Dimas [21]

Answer:

Correct option is 6.59

Explanation:

Selling price of stock at the end of the year is $6.99. Annual return rate is 6%. Price of stock at the beginning will be present value of stock valued at the end discounted at 6%. Computation is as shown below:

$Present\ value\ or\ price\ of\ stock = Selling\ price\left ( \frac{1}{1+i} \right )^{n}$

$= 6.99\left ( \frac{1}{1+0.06} \right )^{1}$

$= \frac{6.99}{1.06}$

= $6.59

Therefore, Stock's price in the beginning of the year is $6.59.

6 0

2 years ago

The Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for the

irinina [24]

Answer:

Eastern District: Adelson Inc.

Budget Performance Report

For the Year Ended December 31, XX

Actual Static Variance

<u>results budget </u>

Sales salaries $818,880 $819,840 -$960

System adm. salaries $447,720 $448,152 -$432

Customer service salaries $183,120 $152,600 $30,520

Billing salaries $98,100 $98,760 -$660

Maintenance $273,000 $271,104 $1,896

Depreciation of P & E $92,232 $92,232 $0

Insurance and prop. taxes $41,400 $41,280 $120

Total $1,954,452 $1,923,968 $30,484

Explanation:

A budget performance report shows how the actual costs and/or revenues perform according to the planned budget. A negative sign on the variance column shows a favorable variance (lower costs or higher revenues), while a positive sign shows an unfavorable variance (higher costs or lower revenues).

3 0

3 years ago

. Suppose that a car dealer has a local monopoly selling Volvos. It pays w to Volvo for each car that it sells, and charges each

kicyunya [14]

Answer:

The dealer will sell 15 Volvos

Explanation:

Consider the following formulas to calculate the Q of which optimize the exercise.

Profit = Q*p

Profit = (30-q)*q

Profit = 30q - q^2

Differentiating with respect to q, we get

30-2q = 0

2q = 30

q=15

The dealer will sell 15 Volvos

6 0

3 years ago

Why​ isn't elasticity just measured by the slope of the demand​ curve?

Why isn't elasticity just measured by the slope of the demand curve?