True. A monopolist does not face the same constraints as an open or free market but instead is bounded by the consumers' demand for its products. Therefore, the firm's decision about how much to supply is directly related to its demand curve because they can produce as much or as little as the consumes demand.
Answer:
The answer is TRUE.
According to the law of increasing costs, the cost of producing kiwis will increase.
Explanation:
The law of increasing costs states that as more factors of production are shifted from making one product or service to a second product or service, the cost of producing the second item increases.
As we can see in the scenario given above, the community of Desertville initially produced a small amount of Kiwi fruit. But as kiwis became more popular, its cultivation had to be expanded, therefore, increased costs would be incurred in the process of this expansion.
When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to the
right, raising the price level.
What does money market mean?
The money market refers to trading in very short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders. At the retail level, it includes money market mutual funds bought by individual investors and money market accounts opened by bank customers.
What is the features of money market?
It is market purely for short-term funds or financial assets called near money. It deals with financial assets having a maturity period up to one year only. It deals with only those assets which can be converted into cash readily without loss and with minimum transaction cost
What Is Price Level?
Price level is the average of current prices across the entire spectrum of goods and services produced in an economy. In more general terms, price level refers to the price or cost of a good, service, or security in the economy.
Learn more about price level:
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Answer:
A) illustrate self-serving bias.
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question Dre's beliefs are an illustration of a self-serving bias. This is people's tendency to attribute positive events to their own character but attribute negative events to external factors. Which is what Dre is exhibiting by attributing positive traits such as ethicality and competence to himself.
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Answer: The correct answer is " E. pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost".
Explanation: The options for remedying a supplier-related cost disadvantage<u> include pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost.</u>
The most advisable to solve this type of disadvantages is to talk with suppliers in search of promotions, offers that help lower costs and in case of not reaching an agreement, look for substitute supplies that allow maintaining an acceptable level of quality and lower costs.
