Usually monopolistic firms don't follow profit maximization prices, show by graphs the way how these firms price their products, and whether this monopolistic price has any social costs
Answers
Monopolistic firms do not follow profit maximization prices because the cost of production is very high compared to the production of similar goods. Instead, they choose a price that allows them to make a profit while retaining a portion of their market share.
The monopolistic price is generally set higher than the production cost, making it difficult for new firms to enter the market. Since a monopolistic firm has control over the price of its product, it will set the price at a higher level than the marginal cost. The firm will sell less quantity of products at this price, which means it is charging a higher price compared to its production costs. The demand curve for a monopolistic firm is downward sloping. If we compare the monopoly firm with the competitive firm, the monopolistic firm produces less quantity of products at a higher price compared to the competitive market.
Thus, the monopolistic price has some social costs, such as reduced consumer surplus, deadweight loss, and decreased economic efficiency. The monopolistic firm has the ability to restrict output and charge higher prices, which can lead to reduced consumer surplus. The deadweight loss represents the loss of consumer and producer surplus due to the firm's market power. Lastly, decreased economic efficiency occurs when the monopolistic firm produces less output at a higher price. Therefore, monopolistic pricing may not always be beneficial for society.
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Related Questions
what do you understand by attributes in HTML?
this question is of computer.
Answers
a manufacturing company wants 55-year-old neema to retire from her job, but she refuses. in response, the company changes her job so that instead of having to stack 80 20-pound packages an hour, she now has to stack 20 eight-pound packages. this best exemplifies:
Answers
The answer is Age discrimination, in response, the company changing her job so that instead of having to stack 80 20-pound packages an hour, she now has to stack 20 eight-pound packages best example of age discrimination.
What kind of discrimination is unfair, specifically?When someone treats you unfairly because of a protected characteristic, this is known as direct discrimination. A prime example of direct discrimination would be if you were passed up for a promotion while younger individuals with equivalent skills and experience were promoted.
What happens when discrimination is practiced in real life?Because of her behavior, the dentist claims she is no longer willing to provide treatment. Jeannette's behavior that is related to her disability is the reason the dentist is turning her away. Discrimination based on a disability may be occurring here.
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When a person tires to cultivate new clients or expand business relationships it is called what
Answers
Answer:
its call networking .
The best way to get a job!
If running a cable tv ad seven times daily for a week generated 1,800 ticket sales, how long should the stadium run the cable ad in order to reach a target of 27,000 tickets?
Answers
Answer:
15 weeks
Explanation:
They run the add 7 times per 1 day for a week (7 days) which makes $1,800
1800/7=257.14 /7 again for 7 times that day =$36.73
They make $36.73 per one ad.
1800*15=27,00 so it would take 15 weeks to sell the 27,000 tickets
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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To _____ is to modify or improve upon code.
propriate
tweak
kernel
debug
Answers
Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
interview any business owner on impact of crime
Answers
Answer:
Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.
Explanation:
I hope this helps you sorry if it doesn’t
What management movement does assume there is no one best way to structure or to manage organizations?
Administrative Movement
Scientific Management
Contingency Theory
Behavioral Movement
Answers
The management movement that assumes there is no one best way to structure or manage organizations is the Contingency Theory. Contingency Theory suggests that there is no universal approach or one-size-fits-all solution to managing organizations effectively.
Contingency Theory assumes that there is no one best way to structure or manage organizations. This management movement recognizes that different situations or contexts require different approaches to management and that there is no universal formula or set of principles that can be applied to all organizations. Contingency Theory suggests that effective management practices and structures depend on various factors such as the organization's goals, external environment, size, technology, and the characteristics of its employees. It emphasizes the importance of adapting management strategies to fit the specific circumstances and demands of a given situation. Rather than advocating a one-size-fits-all approach, Contingency Theory promotes the idea that managers should analyze and understand the unique aspects of their organization and make choices that align with those specific circumstances. This approach allows for flexibility and recognizes that what works in one situation may not work in another.
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When Heinz introduced its ketchup globally, it first had to deal with the fact ketchup is not a household staple outside the United States. Heinz had to show foreign users how ketchup can be used. Globally, Heinz has had to rely primarily on _____ advertising to convince consumers to want the product.
Answers
Answer:
informative advertising :)
Explanation:
Heinz had to "inform" its customers about ketchup and how it's used
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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a goal programming problem had two goals (with no priorities assigned). goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory. the optimal solution to this problem resulted in a profit of $2,300 and no idle time. what was the value for the objective function for this goal programming problem? group of answer choices 100 0 -100 2300
Answers
For this multiobjective optimization problem, the objective function value is 100.
What is profit and example?Profits is a term used to describe the financial benefit a business experiences when revenue surpasses expenses and costs. For instance, a child pays a quarter at a lemonade stand for one glass of lemonade. That beverage is then purchased for $2. That cup of lemonade brought in $1.75 in profit for her.
Briefing:Since there were two goals in the goal programming problem. The factory's first goal was to make $2,400 in profit, and its second was to ensure that no workers were idle. The best solution to this issue generated a $2,300 profit with no downtime.
Due to the lack of idle time as a result of the ideal solution, this indicates that aim number 2 was accomplished. Goal No. 1 was not, however, accomplished because the solution yielded a profit of $2300 rather than $2400.
Consequently, the objective function's value in this goal programming issue is = 2400 - 2300 = 100
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Of the following, which good has the most elastic demand? Post Raisin Bran Post Raisin Brand purchased at a CVS grocery store food breakfast food cereal
Answers
Among the given options, Post Raisin Brand from a Giant grocery store has the most elastic demand. Option A is correct answer.
Elasticity of demand refers to the responsiveness of quantity demanded to changes in price. The more elastic the demand, the greater the change in quantity demanded in response to a change in price. In this case, Post Raisin Brand from a Giant grocery store is likely to have the most elastic demand compared to the other options.
Post Raisin Brand from a Giant grocery store is a specific product sold at a particular store, which means consumers have more alternatives and substitutes available. They can choose from other brands consumer demand of cereal, different types of breakfast food, or even shop at different grocery stores. This increased availability of substitutes gives consumers the flexibility to switch to other options if the price of Post Raisin Brand from a Giant grocery store increases.
On the other hand, options like cereal, food, and breakfast food are broader categories that encompass a range of products. The demand for these categories may be relatively less elastic because consumers may have a harder time finding close substitutes for all the products within those categories.
Therefore, among the given options, Post Raisin Brand from a Giant grocery store is likely to have the most elastic demand due to the availability of alternative products and the ability of consumers to switch to other brands or stores if the price changes
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The Complete question is
Of the following, Which has the most elastic demand?
A)Post Raisin Brand
B) cereal
C) Post Raisin Brand from a Giant grocery store
D) food
E) Breakfast food
lawren plans to invest $10,000 today. assuming that the investment earns 8% compounded quarterly, how many quarters must lawren invest the amount to achieve a goal of $15,000? enter the answer rounded to one digit after the decimal; for example, enter 1.4 for 1.44 or 1.5 for 1.45.
Answers
Lawren must invest for 10 quarters to achieve a goal of $15,000. That is 2.5
The compound interest formula is;
\($$A=P{\left(1+\frac{r}{n}\right)}^{nt}$$\)Where:A is the ending amount.P is the principal or the initial investment.r is the annual interest rate.n is the number of times the interest is compounded per year.t is the number of years
When investing $10,000 today, if the investment earns 8% compounded quarterly, Lawren must invest for 10 quarters to achieve a goal of $15,000..The problem states that Lawren plans to invest $10,000 today. The goal is to achieve $15,000. The interest rate is 8%. The interest is compounded quarterly.To find the number of quarters, we will first set up the formula and then solve for t. We want to find the number of quarters. Therefore, we will express the time in terms of quarters.8% is the annual interest rate. Therefore, we will convert it into quarterly interest rates.8% per annum = 2% per quarterr = 2% per quarter P = $10,000
A = $15,000n = 4 (Interest is compounded quarterly)
\($$15,000 = 10,000{\left(1+\frac{2}{100}\right)}^{4t}$$$$\frac{15,000}{10,000} = {\left(1+\frac{2}{100}\right)}^{4t}$$$$\frac{3}{2} = {\left(\frac{102}{100}\right)}^{4t}$$$$\log{\left(\frac{3}{2}\right)} = \log{\left(\frac{102}{100}\right)}^{4t}$$$$\frac{1}{4}\log{\left(\frac{3}{2}\right)} = \log{\left(\frac{102}{100}\right)}^{t}$$$$t = \frac{1}{4}\log{\left(\frac{3}{2}\right)} \div \log{\left(\frac{102}{100}\right)}$$$$t \approx 10.3$$\)
Therefore, Lawren must invest for 10 quarters to achieve a goal of $15,000. That is 2.5
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The financial records of Sheffield Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $99,360 and decreased 20% during the current year. 2. Sales discounts amount to $18,700. 3. 19,090 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,400. 5. The income tax rate is 30%. 6. Cost of goods sold amounts to $460,000. 7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales. 8. Four-fifths of the operating expenses relate to sales activities. From the foregoing information prepare an income statement for the year 2020 in single-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)
SHEFFIELD INC.
Income Statement
Answers
Based on the information given SHEFFIELD INC. income statement is $133,630.
Income statementSHEFFIELD INC. income statement for the year ended December 31 2020
Revenues
Net sales $1,131,300
[(20%×$460,000)÷8%-$18,700[]
Expenses
Cost of goods sold $460,000
Selling expenses $368,000
[(5×$92,000)-$92,000]
Administrative expenses $92,000
(20%×$460,000)
Interest expense $20,400
Total expense $940,400
Income before income tax $190,900
( $1,131,300-$940,400)
Income tax expense $57,270
(30%×$190,900)
Net income/Loss $133,630
($190,900-$57,270)
Earning per share $7
( $133,630/$19,090)
Inconclusion SHEFFIELD INC. income statement is $133,630.
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Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
3
what is not example of an Internal Stakeholder?
-
O
Owner
Customers
Manager
Employees
None of the Above
Answers
Answer:Imagine you’re Charlie in Willy Wonka and the Chocolate Factory.
This whole business is all yours! Run around it, eat all the free snacks, enjoy all of the delicious, owning-your-own-business feelings. And then get into work the next day and realize…
Who actually does all of the stuff here? Who’s actually running this place?
Well you, of course. But not just you. Many people have personal and financial interests in your business, and those people are called stakeholders.
What types of stakeholders do you need in business? In this post you get to learn:
The 10 types of stakeholders you meet in business
Stakeholder vs. shareholder – have you been referencing the wrong one?
What types of stakeholders are there?
No, that’s not a typo. Each of the types of stakeholders in a business are categorized in 3 ways:
Internal or external
Primary or secondary
Direct or indirect
Internal stakeholders are, as the name suggests, stakeholders that exist inside a business. These are stakeholders who are directly affected by a project, such as employees.
External stakeholders are those who have an interest in the success of a business but do not have a direct affiliation with the projects at an organization. A supplier is an example of an external stakeholder.
Explanation:
What actions can people take to reduce hunger in local and global settings? Explain in details pls
Answers
Answer:
Kindly check explanation
Explanation:
Hunger often stems from poverty, Famine, inflation, war and so on. However, factors which often has a direct impact on food and coukd lead to hunger include poverty and Famine. To reduce or forestall this problem on a local and global scale, necessary steps which should be taken are those which tends to address the issue of food security. Which includes the empowerment of farmers and good funding and monitoring of the agricultural sector. Through this food cultivation could be done on a multi dimensional scale by providing support in terms of machinery, low interest loans in otter to enable farmers and other related stakeholders get access to the needs d capital for the development of their agricultural business. Also, good road network for easy transportation of farm produce. Alternative methods of watering such as irrigation farming should be upgraded as this could prove vital during periods of Rainfall shortage. The distribition of foods including adequate regularozation of prices is also key in other to prevent artificial inflation or scarcity in a bid to accrue higher profit.
Multiproduct firms that have cost complementarities tend to have ______ marginal costs than firms producing a single product.
Answers
Multiproduct firms that have cost complementarities tend to have marginal costs. marginal costs than firms producing a single product.
When we describe someone as firm, we mean that they act in a way that doesn't change their minds or someone they can control. rice field. "I don't want to see you anymore." Synonyms: strict, unshakable, unshakable, unshakable
Take away the key. A company is a for-profit enterprise, usually incorporated as a partnership, providing professional services such as legal and accounting services. The corporate theory assumes that companies exist to maximize profits.A company is a legal entity or legal entity established under the Companies Act. It may be a limited or unlimited company, a private or public company, a limited liability company or company with share capital, or a company of common interest.
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To build a good credit history you should pay as much of your balance as possible by the due date.
a true
b. false
Answers
The statement "To build a good credit history, you should pay as much of your balance as possible by the due date" is generally true.
Paying your credit card balance in full and on time is considered a responsible credit behavior and can help you establish and maintain a positive credit history. Here's why:
Payment history: Your payment history is one of the most important factors that lenders consider when assessing your creditworthiness. Making timely and full payments demonstrates your ability to manage credit responsibly, which reflects positively on your credit report.
Credit utilization: Paying off your balance in full helps keep your credit utilization ratio low. Credit utilization is the percentage of your available credit that you're using. Keeping this ratio low, ideally below 30%, shows lenders that you are not relying heavily on credit and are managing your debts effectively.
Avoiding interest charges: By paying your balance in full, you avoid accruing interest charges on the remaining balance. This can save you money in the long run and prevent your debts from accumulating.
Positive credit history: Building a positive credit history takes time, and consistent on-time payments contribute to a stronger credit profile. Lenders prefer borrowers with a proven track record of responsibly managing credit, which can increase your chances of being approved for future loans or credit applications.
However, it's important to note that paying the minimum amount due by the due date is still considered a responsible payment, but it may result in higher interest charges if you carry a balance forward. While paying as much of your balance as possible is generally advised, it's also essential to manage your finances wisely and not overspend beyond your means.
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Duties performed by warehouse case study class 11
Answers
The duties performed by a warehouse include receiving, storing, and distributing goods and materials efficiently and safely.
What are the primary responsibilities of a warehouse?A warehouse plays a crucial role in the supply chain management of businesses. Its main responsibilities revolve around receiving, storing, and distributing goods and materials.
Upon receiving shipments, warehouse staff inspect the contents for quality and accuracy verifying that the delivered items match the corresponding documentation. They then organize and store the goods in designated locations within the warehouse ensuring efficient use of space
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When you weave together information gathered from a variety of sources and think up your own ideas, reach your own conclusions, and make your own recommendations, you are demonstrating?
Answers
When you weave together information gathered from a variety of sources and think up your own ideas, reach your own conclusions, and make your own recommendations, you are demonstrating? Originality of thought.
What does thought originality mean?Being innovative and original is what it means to be original. A composer demonstrates incredible ingenuity by creating a symphony that can be played by cell phones and car horns. Being original means that anything is innovative and not a copy of something else.Originality produces a concept that no one else will ever be able to duplicate since they cannot see it from your perspective. To everyone, originality means something else. Originality can be seen as an idea rather than a term. It blends our originality and unique viewpoint on a subject or circumstance.Being original is bringing one's own personality and sense of flair to a concept. Finding one's true voice by thinking outside the box is the skill of being original. Originality denotes one's own distinctive voice by utilizing and surpassing previously acquired facts, knowledge, and skills.Opposite of the use of imagination or original ideas to create something. Lack of creativity, originality, innovation, and dullness.When you weave together information gathered from a variety of sources and think up your own ideas, reach your own conclusions, and make your own recommendations, you are demonstrating? The originality of thought.
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what are some good outdoor thing to do outside for the summer
list as many as can
Answers
Answer:
biking
swimming
walking
learning something new
being with friends
sports
hiking
going on a trip
making something
the following behaviors are key to building and maintaining credibility among team members: (1) be clear and consistent, (2) manage agreement and disagreement, (3) encourage and coach, and (4) provide training. which statements are correct? question 5 options: a) only statements 2, 3, and 4 are correct. b) only statements 1, 2, and 4 are correct. c) all four statements are correct. d) only statements 1 and 3 are correct. e) only statements 1, 2, and 3 are correct.
Answers
The option is (b) only statements 1 "be clear and consistent,", 2 "manage agreement and disagreement,", and 4"provide training," are correct.
Statement 1, "be clear and consistent," is essential for building and maintaining credibility. Clear and consistent communication helps team members understand expectations, goals, and priorities, which in turn, helps build trust.
Statement 2, "manage agreement and disagreement," is also crucial for building credibility. A leader who can manage disagreement and encourage healthy debate shows that they value input from team members, and they are willing to consider different perspectives.
Statement 3, "encourage and coach," is important for building trust and credibility. When a leader takes the time to coach and mentor team members, it shows that they care about their development and success.
Statement 4, "provide training," is not necessarily a key behavior for building and maintaining credibility. While providing training can be important for developing skills and knowledge, it is not essential for building trust and credibility with team members.
Therefore, option (b) only statements 1, 2, and 4 are correct.
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What is the answer I chose the one I thought was the answer
Answers
Answer: I think that ones the answer too
Answer:
c is
Explanation:
Does anyone know were I can find all the answers to EverFI
Answers
What are B2C and B2B sales?
Answers
B2C and B2B sales refers to business-to-consumer and business-to-business sales respectively.
What is business-to-consumer sales?Business-to-consumer (B2C) companies having consumers as their end-users increasingly came to be known by this phrase when it gained popularity in the 1990s.
This contrasts with business-to-business (B2B) firms, or those whose main customers are other businesses. B2C businesses conduct their business online and offer goods to clients. Several B2C corporations include Amazon.
B2C, or business-to-consumer, is a retail model where things are delivered directly to the customer who has made a personal purchase of the goods or service.
Business-to-business sales are referred to as B2B sales. It describes enterprises or salespeople who engage in direct business-to-business (B2B) sales of goods and services.
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________leads to better quality and lower prices?
A. Scarcity
B. Competition
C. Monopolies
D. Studying macroeconomics
Please help!!
Answers
Answer:
a
Explanation:
because it makes sense in the sentence
If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
Answers
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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most enjoyable aspects of a fashion stylist ?
Answers
Answer:
creative, artistic, ambitious, passionate
Explanation: