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Why will the profit maximizing monopolist never operate on the inelastic portion of its demand curve?
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Would a monopolist ever operate in the in elastic portion of demand curve?
yes
A monopolist will not always produce on the inelastic portion of its demand curve?
(inelastic portion is when MR = negative figure) Yes , because the optimum point is when MR equals to MC and there is no hell a way when MC is negative. Other than this, when the price is at the upper proportion of monopoly demand curve, the price is always higher and the monopoly firm will earn supernormal profit. Any answer which is reasonable will be accept.
Are movie tickets an elastic or inelastic demand?
The demand for movie tickets is elastic as if the price of movie tickets go up people will try to deny seeing movie as it is not necessary for survival and is one the luxury . It may not be affected if the person is rich and if he is rich he can easily buy the tickets and buying the tickets will require only small portion of his income .
What is an example of a product that is not elastic?
A product that is "not elastic" is considered "inelelastic." More precisely, we say that DEMAND for the product is elastic or inelastic (a good example of an"elastic product" is a rubber band, but that is to say nothing of its demand.Inelastic goods tend to fall into a few categories. They may be goods which have few close substitutes. This means that broadly defined goods tend to have less elastic demand than narrowly defined goods. For example, "vegetables" have less elastic demand than "broccoli," because if the price of broccoli goes up, we can easily switch to cauliflower or asparagus. Likewise, "vegetables" have more elastic demand than "food." When vegetables are more costly, we can stock up on grains or fruits (but probably won't switch to more meats, since they tend to be more expensive already). If the price of food goes up, we will simply pay it if we can. Thus, "food" is a relatively inelastic good.Another category of goods with inelastic demand is goods whose cost represents a small portion of our budgets. Salt is a great example. If the cost of salt doubles from $1 to $2, we are unlikely to cut our consumption in half. We may not even notice.
What portion of the GDP is accounted for by Consumer Spending?
70%
Would a monopolist ever operate in the in elastic portion of demand curve?
yes
Would the firm ever operate on the elastic portion of the demand curve if MC equals 0?
Yes; indeed, a monopolist ALWAYS operates on the elastic portion.Here's a simple reason why: if demand were inelastic, raising price would yield more revenue, which would yield more profit.
A monopolist will not always produce on the inelastic portion of its demand curve?
(inelastic portion is when MR = negative figure) Yes , because the optimum point is when MR equals to MC and there is no hell a way when MC is negative. Other than this, when the price is at the upper proportion of monopoly demand curve, the price is always higher and the monopoly firm will earn supernormal profit. Any answer which is reasonable will be accept.
Does a monopoly produce at the inelastic or elastic part of the demand curve?
A monopoly typically produces in the inelastic part of the demand curve because it has control over the quantity supplied and can set prices higher without losing too many customers. This allows the monopoly to maximize its profits by charging higher prices for its products.
What is the portion of the earth in which all ecosystems operate?
temperate zone
What portion of a traffic lane does a motorcycle need to operate safely?
It depends on the local laws for what portion of a traffic lane does a motorcycle need to operate safely. Some areas require as much room as a car, while other areas allow motorcycles to go wherever they fit on the roads.
What does gas operated mean for guns?
A portion of the gas generated by the burning gun powder is used to operate the action.
Which river is a tributary of the yamuna and forms a portion of the Uttar Pradesh and Madhya Pradesh border its valleys are feared because of the dacoits that operate in the ravines?
Chambal river
What happens to the momentum of an object when it hits the ground?
Depending on the properties of both material and surface it hits, the collision may be elastic, inelastic or anywhere in between. In either case, a portion(0 to 100%) of momentum is transferred to the ground and the rest remains in body(ie. it bounces).
Difference between a subsidiary and a division?
The difference between a subsidiary and a division is how they operate. A subsidiary is a separate business owned by the main parent company. A division is a portion of the main business.
JAne spends all her income on hot dogs and caviar Her demand curve for caviar is inelastic at all prices for caviar Unfortunately the accident at Chernobyl has caused the supply of caviar to fall an?
Since her demand for caviar is inelastic at all prices, she continues to consume it at a higher price, spending a greater share of her income on caviar. She therefore spends a smaller portion of her income on hot dogs. Assuming hot dog prices do not fall due to the accident, her quantity consumed of hot dogs would also fall.
In which country does the COTCO oil company operate?
The Cameroon Oil Transport company is located in and operates out of Cameroon, Africa. This only includes a portion of the Chad-Cameroon Petroleum Development and Pipeline Project.
