Answer:
Boxes of staples (maximum) that can be purchased by available income are 5.
Maximum boxes of paper clips that can be purchased by available income are 10.
Explanation:
Budget Line is the graphical representation of product combinations, that consumer can purchase with prices & income (spending all income).
It is downward sloping - as given same income & price levels, one good's consumption can be increased by reducing consumption of other good.
The intercept of downward sloping budget line is the maximum amount of that axis good which that consumer can consume with given income, price.
That maximum amount of purchasable good is Income/price of that good. Eg: Income = 100, Price of Good 1 on X axis = 10, Price of Good 2 on Y axis = 5. So :
- Maximum amount of good 1 purchasable = 100/10 = 10. It is on X axis, x axis intercept is (10,0) ; and
- Maximum amount of good 2 purchasable = 100/5 = 20. It is on Y axis, y axis intercept is (0,5)
Good 1 & Good 2 are analogous to Staples & Paper Clips respectively.
Product differentiation.
Dollar shave club is distinguishing their products as unique in the shaving market because they are convenient and affordable.
Answer:
The options for this question are the following:
a. marginal cost equals average revenue.
b. marginal revenue equals average cost.
c. average total cost equals average revenue.
d. marginal revenue equals marginal cost.
The correct answer is d. marginal revenue equals marginal cost.
Explanation:
The pure monopoly arises when there is a total absence of competition, due to independent entry barriers to the company's competitive capacity.
A single company offers a product that has homogeneous characteristics, which has no substitutes and for that reason has a large number of buyers. There are also economic, technological or legal barriers that prevent the entry of potential competitors. That is, there are barriers to entry.
In general, a monopoly situation occurs in the market when a single company controls the level of production and price of a product in the market. We could say that this single company has the ability to determine the price to be charged for that product and will have the power to decide the amount of production it will offer to the market.
D.) Marginal cost is equal to average total cost. (Because when the average total cost is at its minimum, marginal cost is also at its minimum.)
Answer:
yes because on day u might need help and they are gonna help you back go good job
Explanation:
