An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.
Answer:
Each item on a common-size balance sheet is expressed as a percentage of sales.
Explanation:
In a Common-size balance sheet, the items of the financial statements are presented i.e assets, liabilities and the stockholder equity are reflected in a percentage of the total assets and the total liabilities & owners equity as the case may be.
Like on numerator side the asset item is there and on the denominator side the total assets are there
Answer:
204 guest
Explanation:
The overage cost is $60 because ordering a plate for a guest that doesn’t show up costs $60. The underage cost is = $85 – 60 = $25, because not committing to a guest that does show up costs an extra $25. The critical ratio is 25/(60 + 25) = 0.2941. From the table, and , so the optimal number of guests to commit to is 204.
The type of economy that people grow crops for their own use is traditional .The correct answer is D.
Answer:
In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of:
$570.
Explanation:
Neha has, in this situation, maximized his benefits to the detriment of the public good. This is an illustration of the tragedy of the commons. The tragedy of the common is an economic problem that explains the loss that the society incurs when some persons like Neha neglect to contribute to the common good because they are solely concentrated on pursuing their individual goals for personal gains.
