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QveST [7]
2 years ago
15

Describe an important difference in the way an economist and a businessperson might view a monopoly.

Business
1 answer:
Umnica [9.8K]2 years ago
8 0

Answer:

<h3>An economist would view a monopoly as not beneficial and optimal to society. A businessperson would view monopolies as a great idea to maximize profits due to the lack of competition</h3>

Explanation:

hope it's helps you if i am sorry if my answer is wrong

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Sigmund Jewelers creates inexpensive costume necklaces, bracelets, and rings. As a way to save costs on sending out these small
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Answer:

shipment consolidation

Explanation:

The primary aim of the consolidation of shipments is to evaluate cost control and cost control. The aggregation of shipments allows individuals or businesses to save costs thereby integrating several products from different shippers into one shipment.

Therefore in the given case, since the company wants to combine 10 to 12 different orders into one shipment so that the company could save the cost

Hence, the shipment consolidation is correct

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2 years ago
When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quanti
olga55 [171]

Answer: The price elasticity of demand for good A is 0.67, and an increase in price will result in a increase in total revenue for good A

Explanation:

The following can be deduced form the question:

P1 = $50

P2 = $70

Q1 = 500 units

Q2 = 400 units

Percentage change in quantity = [Q2 - Q1 / (Q2 + Q1) ÷ 2 ] × 100

Percentage change in price = [P2 - P1 / (P2 + P1) ÷ 2 ] × 100

% change in quantity = (400 - 500)/(400 + 500)/2 × 100

= -100/450 × 100

= -22.22%

% change on price = (70 - 50)/(70 + 50)/2 × 100

= 20/60 × 100

= 33

Price elasticity of demand = % change in quantity / % change on price

= -22.22 / 33

= -0.67

This means that a 1% change in price will lead to a 0.67% change in quantity demanded. As there was a price change, there'll be a little change in quantity demanded because demand is inelastic. Thereby, he increase in price will lead to an increase in the total revenue.

Therefore, the price elasticity of demand for good A is 0.67, and an increase in price will result in an increase in total revenue for good A

7 0
2 years ago
Russell was determined to make a big change in the thought process behind police officer roles in communities. What were some of
harkovskaia [24]

Explanation:

Area = Area of sides + area of semicircle thing

= (2*0.21*0.31) + (2*0.31*0.61) + (0.21*0.61) + ( 3.14*0.105*0.61) + (3.14*0.105*0.105) = 0.872 m^2

Total area = 0.872 *1106 =964.43 m^2

Answer =965 m^2

8 0
3 years ago
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