1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denpristay [2]
2 years ago
12

The slope of the demand curve for a monopoly firm is:

Business
1 answer:
VladimirAG [237]2 years ago
8 0

Answer:sorry man, don’t know

Explanation:

You might be interested in
A member in a cartel can earn more profits byA) charging a slightly lower price and raising production.B) producing less than th
zavuch27 [327]

Answer:

The correct answer to the following question is option A) charging slightly lower price and raising production .

Explanation:

A cartel can be defined as a group of firms , that join forces together to decide what level of output should be produced and at what prices they should be sold at. A cartel generally forms in oligopoly market where there are few firms in the market and they all have significant share in the market.

Reason why firms join forces together is because they want to have more dominant position in the market and increase the market power. So these type of cartels forms a monopoly n the market and earn high profits. But there are always chance of firms cheating each other in market, by either increasing the production or decreasing the price by a small percent, which will allow them to earn more profits.

7 0
3 years ago
A disadvantage of home ownership includes which of the following?
jekas [21]
Less mobile because the house has to be sold in order to move to another location
8 0
3 years ago
At a price of _____, books will be both supplied and demanded. $10 $20 $30
dezoksy [38]

well if im right it should be 20$.

4 0
3 years ago
A difference between explicit and implicit costs is that a) explicit costs must be greater than implicit costs. b) explicit cost
Andrej [43]

Answer:

Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.

Explanation:

Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

8 0
3 years ago
Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a
ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100  Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0
3 years ago
Other questions:
  • Linda Clark received $223,000 from her mother’s estate. She placed the funds into the hands of a broker, who purchased the follo
    11·2 answers
  • The unemployment rate of: a. teenagers is much higher than that of adults. b. women greatly exceeds that of men. c. whites is ro
    9·1 answer
  • Assume Mexico can produce 18 tons of coffee or 6 tons of rice and Costa Rica 6 tons of coffee ord 3 tons of rice. According to c
    10·1 answer
  • Which one of the following statements is correct if a firm has a receivables turnover of 36.5? Group of answer choices It takes
    5·1 answer
  • Jesse is the marketing manager for a large Midwest-based producer of food products. He is in the process of developing the_____,
    9·1 answer
  • 1. When a person dies, arrangements will first be made to pay his or her final expenses, such as
    6·1 answer
  • How do we know our current money has value?
    13·1 answer
  • The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investm
    12·1 answer
  • With respect to the consumer price index, the substitution bias arises because:
    12·1 answer
  • How many cases of bankruptcy cases are provided for in the bankruptcy code
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!