Answer: by limiting the types of goods produced
Answer:
e. An "I Owe You" - just evidence of a debt owed.
Explanation:
AN IOU IS simply defined as a memorandum, promise or the acknoledgemet of an individual to refund or pay a debt,it can be signed especially in a paper stating the specific amount owed and usually bears the letters IOU (I OWE YOU).It cannot be stated as the same as a promissory note due to the fact that there is no direct expression of the promise to pay.
Answer:
Explanation:
Which of the following tasks are least likely to be part of the accountant's role in ... be done, which are technical, environmental, legal, operational, and sensible.
the movie rating system uses an ordinal measurement system because ordinal measurement allows for rank order. In this case, we are ranking appropriateness for family viewing. We know the G rated movies are better than R rated movies, but we are unable to put a quantifiable value on how much better.
Also, we don't know if the difference between a G-rated and PG-rated is the same as the difference between PG-rated and PG13-rated.
A profit-maximizing monopolist will set its price along the elastic portion of its demand curve. Thus the correct answer is option 2.
<h3 /><h3>What is monopolist?</h3>
When any market is ruled and regulated by individual identity for a particular commodity or service is referred to as a monopolist. Due to the absence of alternatives and competition, the monopolist is able to set high prices because they have sufficient market power.
The decision that will maximise profits for the monopoly is to produce at the level of output where marginal revenue equals marginal cost. This market monopolist will set their prices based demand curve proportion of elasticity.
Therefore, option 2 along the elastic portion of its demand curve is the appropriate answer.
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