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ankoles [38]
3 years ago
7

D. Short answer questions:

Business
2 answers:
erma4kov [3.2K]3 years ago
6 0

Answer:

Explanation:

a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition.  For a consumer, perfectly competition which provides more goods at a lower price is better.

b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation.  To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.

Dennis_Churaev [7]3 years ago
5 0

Answer:

Explanation:

compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.

perfectly competitive firms are better for consumer

govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.

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Generally Accepted Accounting Principles are a. theories that are based on physical laws of the universe. b. principles that hav
Ket [755]

Answer:

d. standards that indicate how to report economic events

Explanation:

GAAP is the set of standards, principles and procedures which tells us that how to report any econmic event to the other stakeholders of the oraganization. It is issued by the Financial Accounting standard board (FASB). So, the correct option is d. standards that indicate how to report economic events.

7 0
3 years ago
If the marginal propensity to consume is 0.5​, then the multiplier is 2 and the ​$25 billion increase in government spending wou
Jobisdone [24]

Answer:

This is correct.

Explanation:

The multiplier is what determines that how much of an injection actually impacts the economy. This means that an injection by the Government in the economy $1 usually has an increased net effect by the value of the multiplier.

Multiplier is calculated as

Multiplier = 1 / 1-Mpc, where Mpc = marginal propensity to consume

So we verify the multiplier,

Multiplier = 1 / 1 - 0.5 = 2

thus the injection of $50 Billion is brought by an initial government injection of 50/2 = $25 billion.

This thus confirms the statements.

Hope that helps.

5 0
3 years ago
For kodak film inc. , the advent of digital technology can best be described as what type of innovation?.
stepan [7]

For Kodak film inc. , the advent of digital technology can best be described as disruptive innovation.

When a product or service that was previously only available to affluent or highly educated people is transformed into one that is more widely available and accessible, this is referred to as disruptive innovation. By displacing well-established competitors, this transition causes a market disruption.

A prime example of a disruptive invention is Amazon, which debuted as an online bookshop in the middle of the 1990s. Enabling technology, an inventive business model and a consistent value network are necessary for disruptive innovation. The process of developing to enhance goods and services for current clients is known as sustaining innovation.

To know more about sustaining technology see:

brainly.com/question/28437156

#SPJ4

4 0
1 year ago
Mildred and Robert are the only buyers in the market for DVDs. Mildred buys 5 DVDs when the price of a DVD is ​$6.00 ​, 4 DVDs w
Nookie1986 [14]

Answer:

increases as the price falls

Explanation:

A. increases as the price rises

B .at $8.00 a DVD is 8 DVDs a month

C. at $6 a DVD is less than the quantity demanded at $8.00 a DVD

D. increases as the price falls

E .at $6.00 a DVD is 4 DVDs a month

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

As price decreases, quantity demanded increases

8 0
3 years ago
A monopolist has four distinct groups of customers. Group A has an elasticity of demand of​ 0.2, B has an elasticity of demand o
Bumek [7]

Answer:  Group A

Explanation:

Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.

The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.

5 0
3 years ago
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