Answer:
As the competition progress, certain corporations or firms can have competitive advantages that allows them to excel in the process of production and lower the costs while introducing new innovative technologies with the help of economies of scales.
This can lead to monopolies that eventually exploit the customers and harm the environment and communities around them. It is because of this, that the free trade and free market have to be promoted and protected by the government.
Explanation:
Answer:
23%
Explanation:
Base on the scenario been described in the question, we can use following method to solve the given problem
The computation is shown below:
computing the standard deviation first we have to find out the variance which is shown below:
Variance = 70% × (0.20 - 0.05)^2 + 30% × (-0.30 - 0.05)^2
= 0.0525
Now
Standard Deviation is
= (0.0525)^(1 ÷ 2)
= 23%
A monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Given that monopolist will need to hire workers.
We are required to find the point up to which the monopolist will hire the workers.
Monopolist is the person or institution who has the largest power of the market means monopolist can change or influence the price according to him or his requirements.
From the definition of monopoly we can say that a monopolist will hire workers up to the point at which the wage equals the marginal revenue.
Wage is a part of cost and it is a variable cost. Variable cost is the cost which is not fixed for all the units. Variable cost increases with the increase in the units of the good.
Hence a monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Learn more about monopoly at brainly.com/question/13113415
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The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable.
