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sukhopar [10]
3 years ago
11

Assume someone organizes all farms in the nation into a singleminusprice monopoly. As a​ result, the price consumers pay for foo

d A. rises. B. does not​ change, that​ is, it remains constant. C. falls. D. might rise or fall depending on whether the demand for food is elastic or inelastic. E. might rise or fall depending on whether the​ monopoly's marginal revenue curve lies above or below its demand curve.
Business
1 answer:
hodyreva [135]3 years ago
5 0

Answer:

E. might rise or fall depending on whether the​ monopoly's marginal revenue curve lies above or below its demand curve.

Explanation:

In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.

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What is warehousing and a warehouse​
elixir [45]

Answer: See explanation

Explanation:

Warehousing refers to the act of storing goods which will then be distributed later or sold. Companies normally have a room or building where they keep their goods and such place are designed for storage.

The Functions of Warehousing include:

• Storage

• Purchasing of goods

• Inventory management.

• Materials handling, and packaging.

On the other hand, a warehouse refers to the building that is used for storing goods and making them available later when they are needed.

6 0
3 years ago
Among the important characteristics of market efficiency is (are) that: I. There are no arbitrage opportunities. II. Security pr
algol [13]

Answer:

D

Explanation:

Among the important characteristics of market efficiency is (are) that:

1. There are no arbitrage opportunities;

2. Security prices react quickly to new information; and

3. Active trading strategies will not consistently outperform passive strategies.

4 0
4 years ago
Again, consider Sharon, a single mother with two children under 18 who earns an annual income of $16,000. Suppose that Sharon qu
Mrac [35]

Sharon and two kids makes 3 people total with both kids being under 18, the poverty level from the table is $20,231

She gets $1000 a month for her kids. 1000 x 12 months = $12,000 per year

12,000 + her annual salary = 12,000 + 16,000 = $28,000 per year.

28,000 is greater than 20,231 so she is not living in poverty.

The answer is no

7 0
3 years ago
Which statement about demand is true?
NISA [10]

Answer:

B. the demand for a product and its price has a direct relationship

Explanation:

demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.

3 0
3 years ago
The cost of goods sold during the year was $380,000. Inventory increased by $12,000 during the year and accounts payable decreas
murzikaleks [220]

Answer:

$411,000

Explanation:

Cost of goods sold was $380,000

Inventory was increased by $12,000

Accounts Payable was decreased by $19,000

The relationship via direct method of cash flow can be established as:

COGS + Increase in Inventory + Decrease in A/P

$380,000 + $12,000 + $19,000 = $411,000

5 0
3 years ago
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