Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.
- It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
- In order to understand this situation, it is important to address the meaning of inelastic demand.
- The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
- This does not lead to profits for a monopolist.
- It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
- Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.
Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.
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People often visits tourist attraction sites. That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to <u>ecological </u>factors.
<h3>What influences tourism?</h3>
Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;
- Pollution
- Tourism product offering
- Park violation,
- Environmental management
- Tourism impacts.
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Answer:
C
Explanation:
I'm smart boy that's y because y = u and u nedda pay attention in class blood
Answer: $1,355.41
Explanation:
Business expense deductible:
= Adjusted Cost of gasoline + Depreciation
As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:
= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)
= (1,920 * 1,300 / 2,260) + (3,900 * 1,300 / 20,200)
= $1,355.41
Answer:
The correct answer is option a.
Explanation:
Unfavorable weather in the orange groves of California will adversely affect the production of oranges. This will cause a reduction in the supply of oranges. As a result, the price of oranges will decline.
Now, these oranges are used as input in making orange juice. The increase in input price will lead to an increase in the cost of production. This will further lead to a decrease in the supply of orange juice. Consequently, the equilibrium price of orange juice will increase.