In two or three sentences, explain how a monopolist chooses a price

Answers

Answer 1
A monopolist desires to produce less goods while earning maximizing profit. However, if the marginal revenue of the goods are in decrease (less goods of demand), the monopolist must higher the demand by lowering the price for customers to buy the goods. Thus, the marginal revenue increases- goods demanded, lower prices of goods-for a lot of customer demands, produces more goods- due to customer increase of demand and lower price of goods. At the end of day, the monopolist makes maximizing profit..

Related Questions

What is the corruption perceptions index (cpi)?

Answers

Transparency International has published the corruption perceptions index since 1996 annually ranking countries "by their perceived levels of corruption, as determined by expert assessment and opinion surveys. the CPI generally defines corruption as "the misuse of public power for private benefit".

Ideally, management should compare its budget to ________ performance every month in order to determine if the company is performing as expected.

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Ideally, management should compare its budget to  Actual performance every month in order to determine if the company is performing as expected.
By doing this, the management could create some sort of financial control to prevent the company from bleeding out its budget without gaining a sustainable amount of profit

Final answer:

Management should compare its budget to actual performance every month to determine if the company is performing as expected.

Explanation:

Ideally, management should compare its budget to actual performance every month in order to determine if the company is performing as expected.

By comparing the budgeted figures with the actual results, management can identify any variances or deviations and take appropriate action. This process is known as budgetary control, which helps in evaluating the effectiveness of the budget and making necessary adjustments.

For example, if a company budgeted $10,000 for sales revenue in a month but only generated $8,000 in actual sales, management can investigate the reasons behind the shortfall and take corrective measures, such as adjusting marketing strategies or increasing sales efforts.

The underlying principle found in almost all codes of ethics established by professional organizations or corporations is

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It is called The Golder Rule. This rule is connected on account of genuine records. Also when you credit what goes out, you are decreasing the record adjust when a substantial resource leaves the association. Charge All Expenses And Losses, Credit All Incomes And Gains. This govern is connected when the record being referred to is an ostensible record.

A plastic card containing magnetic strips with data regarding the value of the card is typically known as ____________.

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A plastic card containing magnetic strips with data regarding the value of the card is typically known as a smart card. It is a card which has a microprocessor that is built-in the system. It is typically being used for personal identification and for financial transactions. It is also called as an ICC or integrated circuit card.

What tool would be used to determine which network port attaches to a specific office jack?

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A toner probe is a tool that would be used to determine which network port attaches to a specific office jack.
As we see the name of the tool is toner probe, so its function is like tone and probe. One part of the toner probe is connected to a cable and by creating tones we check or find which jack or port terminates the cable at the other end.

Which of these is not a violation of sherman antitrust laws? boycott price fixing redlining market allocation?

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Redlining is not considered a violation of Sherman antitrust laws.
Redlining happens when a business denies a transaction to a customer either to directly declining the offer or by increasing the price of service/product into an unreasonable amount. On a free market system, a business owner has a total freedom in this matter.

The measurement that equals cash receipts minus cash payments over a given period of time, is referred to as:

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The above is referred to Net cash flow. Net cash flow to the difference between an organization's trade inflows and surges out a given period. In the strictest sense, net income alludes to the adjustment in an organization's money adjust as point by point on its income explanation. Cash flow is the cash that comes in and leaves an organization. It is the era of salary and the installment of costs. Money inflows result from either the era of income through the offering of products and enterprises, cash acquired, or cash earned through ventures.

Have you ever been counseled for cash handling situations?

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It means that do you have skilled in processing customer cash execution, i.e. on a cash register. It could also mean, have you ever been accountable for counting cash or cash management, i.e. bank teller, a casino manager, a funds verifier.

Final answer:

To handle accusations of cash handling discrepancies professionally, one should review records, request audits, and communicate with supervisors to resolve the issue and regain trust.

Explanation:

Understanding how to deal with cash handling situations is a critical component of various jobs like banking, retail, and management. In a scenario where a retail cashier's drawer repeatedly comes up short, it is important to approach the situation with professionalism and care. Being accused of theft is a serious allegation that can affect one's reputation and job security.

Effective steps to deal with such a situation would include:

Requesting to review security footage or transaction records to identify any discrepancies.Asking for a recount or audit of the cash drawer to ensure accuracy.Discussing the issue with a manager or supervisor to provide an opportunity to explain any possible mistakes or misunderstandings that may have occurred.

In the case where one manages to resolve the issue successfully, it can lead to regaining trust and possibly implementing new systems or training to avoid future discrepancies, as illustrated in the Gavi's Fast Food Restaurant example.

Although not recommended, some marketers decide to ignore market segmentation and target the whole market with one offer. this is known as

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The description above is trying to define the undifferentiated marketing strategy as this strategy focuses more on things that will appear to the people, what will make people more attracted and feel more appealed on what they are selling or trying to promote in which they try to ignore the market segmentation. The undifferentiated marketing strategy focuses more on the whole market with just one offer and they tend to use more marketing strategies that will be of beneficial to them in terms of attracting the consumers for this is their main goal and what they focus more when this marketing strategy is being used in the business or marketing field.

Final answer:

Undifferentiated marketing, also known as mass marketing, is when marketers target the whole market with one offer, assuming the entire market has similar needs. This approach can lead to cost savings but might not meet the specific needs of different market segments.

Explanation:

When marketers decide to ignore market segmentation and target the whole market with one offer, this approach is known as undifferentiated marketing or mass marketing. This strategy assumes that the needs and preferences of the entire market are similar enough to be satisfied with a single marketing mix. However, this approach is less common in today's highly segmented and personalized market environment, where differentiated or concentrated marketing strategies are more prevalent. While undifferentiated marketing can lead to cost savings in production and marketing, it might not effectively address the specific needs of different market segments, leading to lower customer satisfaction and loyalty in some cases.

A food employee may not use a utensil more than __________ to taste food that is to be sold or served.

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A food employee may not use a utensil more than once to taste food that is to be sold or served.
The FDA (food and drug administration) has developed a handbook about employee health and personal hygiene, in which there are practices and behaviors are mentioned for food employees.If they follow these practices and behaviors, it can help prevent food employees from spreading viruses and bacteria to food.
The above practice is one of those practices.

Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.

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Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.

The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from ________________'s atari.

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The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from Nolan Bushnell' Atari.
Nolan Bushnell is a united states born citizens that fund the first portable gaming device that allow users to play the game anywhere they like

Fiscal stimulus when the economy is below full employment​ ______ aggregate demand and real​ gdp, and the price level​ ______.

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Fiscal stimulus when the economy is below full employment INCREASES aggregate demand and real GDP AND THE PRICE LEVEL RISES. Fiscal stimulus is by the government to increase aggregate demand when the economy is below full employment, this leads to a rise in price level as the demand increases.

Abc corporation reviews its employees' salaries at the end of each fiscal year and gives raises as warranted. this is an example of _____ reinforcement.

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The answer to this question is the fixed interval reinforcement. The fixed interval reinforcement is a schedule where there is a fixed interval for it to happen. In fixed interval reinforcement, it also shows a reward at a specific time.  An example for this is the two week paycheck of an employee.

A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its quantity demanded from 30 million to 35 million. the price elasticity of demand for pretzels is _____. ?

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Initial price, P₀ = $1.25
Initial demand, Q₀ = 30 million

New price, P₁ = $1.75
New demand, Q₁ = 35 million

By definition, price elasticity is
[tex] \eta = \frac{(Q_{1}-Q_{0})/(Q_{1}+Q_{0})}{(P_{1}-P_{0})/(P_{1}+P_{0})} [/tex]
η = (5/65)/(0.5/3)
   = 0.4615

Answer: η = 0.46 (nearest hundredth)

This means that greater demand makes it possible to increase the price. Usually, this is not the case because lowering the price increases sales.

The aim of the defensive strategy is to reduce the probability of​ attack, divert attacks to​ less-threatened areas, and lessen their intensity. which type of defensive strategy would you expect live nation to​ use?

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the type of defensive strategy that I expect live nation would use is: Defensive marketing
Defensive marketing is a form of defensive strategy that is used to protect the market share by strengthening product's  positioning in the minds of the customers. this strategy is most commonly done by market leaders.

"according to the interest rate effect, an increase in the price level" causes people to _____ their money holdings, which _____ interest rates and _____ investment spending.:

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According to the interest rate effect, an increase in the price level causes people to INCREASE their money holdings, which INCREASES interest rates and DECREASES investment spending. When people increases their money holding, there will be less money available to give out as loans, this will increase the interest rate applicable to loans, which will in turn will discourage investors from borrowing and thus decrease investment spending. 

Which pki role in ad cs issues certificates and manages certificate validity?

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the pki role in ad cs issues that certificates and manages certificate validity is: CA Web Enrollment
CA Web Enrollment is a type of service that provides a set of web pages that allowed the user to communicate with the certification authority role service. Other method to do this is by using certification request wizard.
Final answer:

The PKI role in AD CS that issues certificates and manages certificate validity is the Certification Authority (CA).

Explanation:

The PKI (Public Key Infrastructure) role in AD CS (Active Directory Certificate Services) that issues certificates and manages certificate validity is the Certification Authority (CA).

When a CA issues a certificate, it vouches for the authenticity and integrity of the information contained in the certificate by digitally signing it using its private key. This allows others to verify the validity of the certificate using the CA's public key.

The CA also manages certificate validity by revoking certificates that are no longer trusted or valid. It maintains a Certificate Revocation List (CRL) or uses methods such as Online Certificate Status Protocol (OCSP) to ensure the timely verification of certificates.

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When one company is able to control a lot of other companies, what is that called?

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Answer is ( A trust )

When one company is able to control a lot of other companies is called a Trust.

What is the importance of making Trust?

A trust is a company structure without owners. According to the terms of the trust, the trustee, who could be an individual or a firm, has a duty to manage the property of the business for the benefit of the receivers.

When any trust foundation is established they seek control over the operations of the business until the new owners arrive. This can include a single company to a group of companies.

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Mention any two indicators of variables that show the state of the environment in south africa.

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The state of the environment in south africa can be measured by having these indicators: air quality, biodiversity, water resources, and many more. If these are maintained in high levels, it would mean that environmental sustainability can be obtained. Levels of human impacts should do no harm to the environmental systems to attain and result to sustainability.
Final answer:

Two major indicators of the state of the environment in South Africa include a high rate of youth unemployment due to a lack of practical skills for employment and the impacts of environmental and industrial pollution reinforced by environmental racism.

Explanation:

In evaluating the state of the environment in South Africa, a number of indicators can provide insights. A critical environmental problem engaging authorities is a high rate of unemployment among the youth. This socio-economic predicament, which economists refer to as an employability problem, indicates that while young people are academically qualified, they lack practical skills for the workplace and this relegates them to a state of joblessness. Furthermore, issues related to environmental and industrial pollution, along with climate change effects such as droughts, floods, and heatwaves, constitute major environmental stress factors.

Another environmental characteristic in South Africa is the prevalence of environmental racism. This concept refers to the disproportionate experience of environmental hazards by communities of color and points to serious systemic environmental injustices. For instance, areas heavily populated by these communities are more likely to house hazardous waste facilities and be affected by pollution. This situation ultimately exacerbates health disparities and social inequalities.

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Why are junk bonds more popular during a bear market?

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Many times junk bonds are a high risk bond, but are also a high return. They are more popular during a bear market for this reason only. Sine they have a high return it compensates for the high risk. The junk bonds can also help a persons personal portfolio. Junk bonds also issues with a 10 year term or less. A bear market is when there is a steady drop or stagnation in the market over a period of time. 

Junk bonds are popular during a bear market because they pay higher interest. Junk bonds also provide more upside gain after a bear market. Lastly, junk bonds are like stocks.

During which phase of dmaic (define, measure, analyze, improve, control) is the sole purpose to demonstrate, with fact and data, that your solutions solve the problem?

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DMAIC is an acronym for Define, Measure, Analyze, Improve and Control. It is a procedure intended to enhance and keep up business forms. The period of which the sole intention is to show with actuality and information that your answers take care of your concern is "move forward." 
It alludes to an information driven change cycle utilized for enhancing, streamlining and settling business procedures and outlines. The DMAIC change cycle is the center device used to drive Six Sigma ventures.

Which innovation made the building and use of skyscrapers feasible?

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Cheap steel, Henry Bessemer invented a way to sell and make steel for a cheaper price.
This was helpful enough to make other things for a cheaper price because of how cheap steel was

Answer:

Elevators is the correct answer.

Explanation:

_____ products are seen by consumers to differ in quality, style, suitability, and lifestyle compatibility. comparisons between these products are often quite difficult because they may have unique features and different levels of quality and price.

Answers

The answer you are looking for, my friend, is "heterogeneous shopping products".

Who do the dolls hanging from the trees represent stamp act?

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The dolls are effigies that represents any person that is in any way connected to the Stamp Act. These people may be tax collector or an appointed stamp distributor or members of the royal family. This action is to show their disapproval on imposition of tax on daily papers like newspapers,documents and others alike.
Final answer:

The dolls symbolize opposition to the Stamp Act, a law taxing the colonists without their consent. Protests varied from peaceful boycotts led by the Daughters of Liberty to more violent expressions by the Sons of Liberty, such as hanging effigies. The Stamp Act was a catalyst for the American Revolution.

Explanation:

The dolls hanging from the trees are a symbolic representation of the protest against the Stamp Act, a significant piece of legislation that required colonists to pay tax by buying stamps for printed materials. This act was seen as an infringement on the colonists' rights, as it was taxation without representation. Protests against the Stamp Act included the formation of groups like the Sons of Liberty, who sometimes used violent demonstrations such as hanging effigies of tax officials to express their opposition. The Liberty Tree in Boston became a symbol of the colonists' resistance, where effigies and dolls representing unpopular officials and the act itself were sometimes hung. Other acts of protest were more peaceful and organized, such as the Stamp Act Congress, where representatives from various colonies gathered to voice their dissent to British policies.

The Stamp Act played a key role in increasing the tension between the colonies and Great Britain, contributing to the events leading up to the American Revolution. It highlighted the colonists' growing resentment towards British control and their demand for the same rights as Englishmen, including no taxation without representation. Visual protests, boycotts, and political actions like those of the Daughters of Liberty, who refused British goods, were crucial components of the widespread opposition that ultimately led to the repeal of the Stamp Act.

Saac halley grant is at a baseball game and wants to buy as many $3-hot dogs and $4-sodas as he can. if grant has $38 and wants to buy as many sets of one hot dog and one soda as he can, how many can he buy?

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He can buy 5 sodas and 6 hot dogs

Which process can you use to save an audio recording onto a recordable cd? select one:

a. compressing

b. converting

c. streaming

d. speech synthesis?

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I think the correct answer would be A. The process that you can use to save an audio recording onto a recordable CD would be compressing. It is a process which allows us to share and to store files in systems. In order to compress audio files to a CD, a software or program should be used to be able to compress correctly depending on what type of files can be transferred to the CD.

Hank has just been informed that he is a diabetic. as a knowledgeable physician, he realizes that his risk for developing ____ has also increased.​

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 he realizes that his risk for developing Retinopathy has also increased
Retinopathy is a medical condition which cause damage to one's retina and affect his/her sensitivity to light.
For a diabetic, a chance to develop this condition is higher because diabetes could contribute in adding the damage to the Blood vessels near the retina.

osha maintains accident summaries on their web site?

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the answer is true osha keeps accident summaries on their website

that statement is true.

The accident summaries made by OSHA serves two main functions. The firs one is to reveal the organizations who fail to provide safety standard for their workers to the public. The second one is to educate other organizations on what to avoid in order to prevent potential accidents or misconduct from happening.

True or false: gross domestic product (gdp) measures total expenditures on final goods and services during a given period of time.

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It is true that Gross domestic product (GDP) measures total expenditures on final goods and
services during a given period of time.
Gross domestic product (GDP) is a monetary measure of the market...

That statement is True.

The purpose of calculating Gross Domestic Product is to measure the market value of all the goods and services that produced by a country within a specific time period.

Gross Domestic Product is calculated using this formula:

Consumption + Gross Investment + Government investment + (Exports - Imports)

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