Suppose a monopolist produces output where total revenue is maximized. At that output, the price elasticity of demand for the monopolist's output is equal to one.
What is Monopoly?
A monopoly is a market structure where one producer or seller holds a significant amount of influence within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and discourage competition. A company that enjoys monopoly status lacks replacements for its goods and faces little internal competition. Monopolies have the power to set prices and create barriers to entry for competing companies. Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.
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Answer:
The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.
Explanation:
First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.
Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.
Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.
Answer:
The remaining amount that the consumer would have would be $11
Explanation:
If the person originally had $14 but spent $3 all together on their items they would remain with the amount of $11.
(I hope this helps, I'm not sure if it's exactly what you were looking for but it's something so...)
Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of <u>Bartering</u>.
<h3>What is a Bartering?</h3>
Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.
Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of <u>Bartering</u>.
Hence, in this case, it is concluded that the correct answer is <u>Bartering</u>.
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C. Liz wants to live in a country where the government makes almost all the economic decisions.
