It is a false statement that the marginal revenue curve for a monopolist is greater than the price because the monopolist faces a downward sloping.
<h3>Why is it a false statement? </h3>
The situation is that the marginal revenue curve for a monopolist are always less than the price.
This is because for each additional unit of output the marginal revenue is declining its results from the downward sloping market demand curve.
Therefore, the statement given is a false statement.
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Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
When looking for a job position, there are many factors need to be taken into considerations. Below are the five most common ones.
First, obviously the benefits that the job seeker may have when they are admitted into that position. The benefits include salary, bonus, paid time off, insurance and relevant things.
Second is the working hour. They need to understand the regular working hour to balance it with their personal schedule. In addition, the over-time working hour should also be noticed.
Third is the organizational culture. The organizational culture is a crucial part of working environment affecting considerably the employees. They should observe if the staffs of the company are happy or not, enjoy working or not, etc.
The fourth one is the educational opportunities. If the job you are look for to learn more about the career, it is necessary to observe if the company provides you with chance to be trained more with broader knowledge or not.
The fifth one is the growth opportunity. This is mainly about the promotion. If looking for a permanent job, it is essential that you can get the higher position - climbing the career ladder gradually, not standing in just one position for all the time working there.
Answer: B) unit of Account
Explanation:A unit of account in financial accounting refers to the words that are used to describe the specific assets and liabilities that are reported in financial statements rather than the units used to measure them. Unit of account in economics allows a somewhat meaningful interpretation of prices, costs, and profits, so that an entity can monitor its own performance. It allows shareholders to make sense of its past performance and have an idea of its future profitability.
Answer: See explanation
Explanation:
Based on the information given in the question, the amount of borrowing that's required will be:
= [ rr * ( D - O)] - (R-O)
where,
rr = reserve requirement = 10% = 0.1
D = checkable deposits = $80
R = reserves = $15
O = deposits outflow = $6
= [ 0.10 × ($80 - $6)] - ($15 - $6)
= [ 0.10 × $74 ] - $9
= $7.4 - $9
= -$1.60