Answer:
Please see attachment .
Explanation:
Please see attachment .Please note that the sketch for supply and demand curves are staircase shaped.
Answer:
C. Gatsby shows Nick a medal from Montenegro
Explanation:
Nick went for a lunch with Gatsby wherein the latter recounts his story on drive, which is hard for Nick to believe.
To substantiate his narration and to take Nick into confidence, Gatsby hands over to Nick, various articles such as his old university days photograph, the medal he won at Montenegro.
The latter i.e the medal convinces Nick that Gatsby might have told the truth about his background, in the story he just narrated.
Answer:
Option A is correct ( Expected inflation does not change the real deficit)
Explanation:
Real deficits are real variable and it is not affected by the change in inflation rate, because inflation is nominal variable. So, nominal value of deficits can be affected, but real value of deficits will remain same.
Answer:
Weak-tie
Explanation:
According to research in the area of entrepreneurship, it is more likely that an entrepreneur will get a new business idea through a Weak-tie relationship.
Weak-tie relationship are the relationship with acquantiance that it give more favor than from someone, whom we know already. Social networking is the perfect examples in these days to build those relationship and it bridges that gap. These weak-tie help in getting new business and explore new area, which help to grow. It also add sense of belongingness to the community, when we have more weak-ties.
Answer:
The overview of the given scenario is described in the explanation segment below.
Explanation:
The monopoly seems to be the owner and manager of the sole business that operates on either the marketplace (Industry).
The monopolist becomes making an extraordinary income. Balance requirements become MC = MR, MC reductions MR from underneath the.
The breakeven point would be where the expense of Average is equivalent to the value (Average Revenue-AR)
Closing down portion would be when the company is unable to cover the AR Cost i.e.
⇒ AR < AVC.
The normal monopoly would be when it has a large competitive edge over all the future entrants as either a barrier to the entrance of just about any new company, which prohibits any new installment including its company into the sector. It may even be attributable to someone's power over manufactured goods or perhaps the possession of environmental assets.
The limits of monopoly power are given below:
- This power is limited to something like the possibility of competitors.
- If alternatives are present mostly on the market, it's been difficult to retain the monopoly.
- Law facilitates the possibility of monopoly power.
