The type of relationship between Caitlin and the committee chairman in this scenario is of an employee and an employer.
Who is a chairman?A board, committee, or deliberative assembly's chairperson, who is also known as the chairman, chairwoman, or chair, serves as the group's presiding officer. The official, who is normally chosen or nominated by the group's members, preside over meetings and oversees the smooth operation of the group's affairs.
In certain organizations, the chairperson and president are two different titles. In some, when the president is chosen by a board, the two names refer to different roles. Additionally, the term "chairman" may be used in a neutral way without explicitly emphasizing the gender of the holder. The term "chair" can refer to any location where the office holder preside, including a chair, a lectern, or another location.
To learn more about chairman, visit:
https://brainly.com/question/24072247
#SPJ4
What product used a famous public relations stunt to have an attractive woman walking in public using it, claiming that it had health benefits as an appetite suppressant?.
Dove used a famous public relations stunt to have an attractive woman walking in public using it, claiming that it had health benefits as an appetite suppressant.
What are some public relations examples?
"Public relations is a strategic communication process that creates relationships between organizations and their publics that are beneficial to both parties." The management of communication between an organization and its publics is another definition of public relations.
Press releases are used to disseminate the word in 7 Simple (Yet Brilliant) PR Techniques.
media outlets and local TV stations as a target.taking part in community and professional events.utilizing the social media networks.collaborating with influencers.generating some debate about your brand.To know more about famous public relations, refer:
https://brainly.com/question/28008071
#SPJ4
a situation in which employees perceive that there is too narrow a difference between their compensation and that of employees in lower-rated jobs is known as: a. wage inversion b. the cpi effect c. wage-rate compression d. the inflation factor
Wage rate compression is a scenario where employees believe the gap between their salary and that of those in lower-rated positions is too small. ( Option A )
- More about wage-rate compression :
- Pay compression is a long-term compensation problem. When there is little compensation disparity amongst employees despite variations in their individual knowledge, skills, experiences, or talents, the situation is known as wage or salary compression.
- Due to the expense, many businesses choose not to modify market salaries for every employee. However, unfair pay practices do have negative effects. The obvious issue with pay compression is the detrimental effect it has on employee morale.
To know more about pay compression, kindly click on the link below :
https://brainly.com/question/16006633?referrer=searchResults
#SPJ4
What is not one of the 3-stage parametric equalizer adjustments on a yaesu ft-dx10?.
The 3-stage parametric equalizer adjustment on a Yaesu FT-DX10 are:
Low frequencyHigh frequencyMiddle frequencyTherefore, the answer is the one that is not one of the three above.
A parametric equalizer is something that lets you have continuous control over the audio signal's frequency content in an audio workstation program or device (such as a transceiver). It's used to shape an audio mix's frequency, get rid of unwanted frequencies or noise, and enhance the produced audio quality.
Parametric equalizer has several benefits when used, such as:
Canceling feedback during live music events.Tuning in studio monitors.Eliminating unwanted noises.Enhancing studio performance.Helps adjust frequencies.Learn more about DAW at https://brainly.com/question/23636294
#SPJ4
a good fraud prevention program should address employees' motivation to steal from the company. the best method for doing this is to
Correct issues, thanks to debt, addictions, or family issues, inspire workers to commit fraud. Establishing a worker-help program addresses these problems and might cut back the motivation to commit fraud for a few workers.
All signed checks should be reviewed and compared with supporting documentation by the money dealer before mailing. Prepare an inventory of remittances. In getting ready for the audit of money, the auditors perform analytical procedures regarding money balances.
The most probable result of ineffective control policies and procedures within the revenue cycle is that: answer: shipments to customers were invoiced. Tracing merchandise bills to sales invoices proves that merchandise is shipped while not an approved client order.
To learn more about auditing practices, visit here
https://brainly.com/question/10677923
#SPJ4
what distinguishes a command group from an affinity group?
A command group is impermanent and has an informal reporting relationship. An affinity group is permanent but isn't really part of the formal organizational structure. Command groups and affinity groups are workgroups, formal groups established by the organization to do its work.
A command group is a group in which there is a formal organization of superiors and subordinates.
A superior gives orders and orders for his subordinates to follow. Task groups are not characterized by a hierarchical structure. Command Group (“CG”), incorporated as Command Consulting Group, is an international security and intelligence consulting firm founded in 2009 and headquartered in Washington, D.C., USA. A command group is designated by an organizational chart and often consists of a superior and subordinates who report to that superior. An example of a command group is the chair of an academic department and the faculty members of that department.Learn more about command group here: https://brainly.com/question/1288780
#SPJ4
when her income increased from $10,000 to $20,000, heather's consumption of macaroni decreased from 10 pounds to 5 pounds and her consumption of soy-burgers increased from 2 pounds to 4 pounds. using the midpoint method, we can conclude that for heather, macaroni
The correct answer is OPTION D is an inferior good and soy-burgers are normal goods; both have income elasticities of 1.
When income of a consumer increases, demand of some good will decrease and vice versa. Such goods are called as inferior goods. While normal goods are those goods whose demand increases when income of the consumer increases. Here when her income from $10,000 to $20,000, consumption of macaroni decreased and consumption of soy burgers increased. Thus here macaroni is an inferior good and soy burgers are normal good. While calculating the income elasticities of macaroni and soy burgers, both are having an income elasticity of 1. Thus the correct answer is OPTION D.
You can learn more about this at:
https://brainly.com/question/28443113#SPJ4
workers at a t-shirt shop are paid a sum for each t-shirt they produce. which incentive plan is most likely used by the employer?
The procedures by which new hires are integrated into the organization are referred to as "onboarding.
"It includes activities that teach new employees about the organization's structure, culture, vision, mission, and values while also completing the initial new-hire orientation.
What is the wage curve used for?
The current pay rates for various jobs within a pay grade in relation to their company ranking are shown on a wage curve.This is usually done as part of the job evaluation process to make sure that workers are paid fairly for their skills and education.
Benefits that you are free to provide are referred to as discretionary benefits. Sick leave, health insurance, maternity leave, pension plans, vacation leave, insurance for prescription drugs, and life insurance are typically included on the list of discretionary benefits.
Learn more about organization here:
https://brainly.com/question/19334871
#SPJ4
Mangelo restaurant had liabilities with a carrying value of $425,000 and fair value of $600,000. How should mangelo report these liabilities on the balance sheet?.
Liabilities should be reported by Mangelo at carrying value and the fair value of the liabilities should be included in a remark to the financial statements.
What are financial statements?A corporation, a person, or another entity's financial operations and position are formally recorded in financial statements (also known as financial reports). The purpose of financial statements is to give information about an organization's financial situation, performance, and changes in financial position that is helpful to a wide range of users in making economic decisions. The reported assets, liabilities, equity, revenue, and expenses have a direct impact on an organization's financial situation. An audit of a public company's financial statements is typically necessary for investment, financing, and tax reasons, though laws vary from nation to country. Typically, independent accounting organizations or auditing companies carry out these tasks.
To learn more about financial statements, visit:
https://brainly.com/question/14951563
#SPJ4
select all that apply. personal values for working include: responses pride in effort pride in effort satisfaction with abilities satisfaction with abilities feelings of accomplishment feelings of accomplishment global economy
Personal values for working include c) feelings of accomplishment,a) pride in effort, b) satisfaction with abilities
In the field of business, such goals or attributes that a person assigns for himself or such guiding principles that he focuses on while working are referred to as personal values of working.
The personal values of working will create a sense of accomplishment in you when you finish a certain task. Personal values cause you to take pride in the efforts that you put into your work. It causes you to be satisfied by the hard work that you do and the abilities that you have.
The question will correctly be written as:
Personal values for working include:
a)pride in effort
b)satisfaction with abilities
c) feelings of accomplishment
d) global economy
To learn more about personal values, click here:
https://brainly.com/question/22625788
#SPJ4
outsourcing is used when: group of answer choices none of the options provided the business need is not considered stratetic or core to the mission of the organization there is a desire to build in-house skills in-house functional and technical skills already exist
When there may be want to construct the in-residence talents, or while the talents exist, then those aren't the motives to use Outsourcing.
The required details about Outsourcing is mentioned in below paragraph.
Outsourcing is an settlement wherein one agency hires any other agency to be answerable for a deliberate or current hobby this is or might be accomplished internally talents , and every now and then includes shifting personnel and property from one corporation to any other.Outsourcing is a not unusualplace exercise of contracting out enterprise talents and techniques to third-birthday birthday celebration providers. The advantages of outsourcing may be substantial - from price financial savings and performance profits to extra aggressive advantage.Outsourcing is the enterprise exercise of hiring a celebration out of doors a agency to carry out offerings or create items that had been historically carried out in-residence with the aid of using the agency's very own personnel and staff. Outsourcing is a exercise normally undertaken with the aid of using talents as a price-slicing measure.
To learn about Outsourcing visit here.
https://brainly.com/question/12101789
#SPJ4
Anyone in a company who influences the behavior of other employees is acting as a.
Anyone in a company who influences the behavior of other employees is acting as a Leader.
Which Qualities needed for leader?
Leadership is a skill that can be developed over time; it is not something that people are born with. You can motivate your entire team when you're able to hone great leadership skills. Here are 13 fundamental leadership traits that anyone can hone to become a more effective leader.
Someone who inspires and motivates their followers is a leader. A leader is somebody who has a goal in mind and knows how to achieve it. A group's leader sees to it that they receive the tools and assistance they require to be successful. Someone who inspires and motivates their followers is a leader. A leader is somebody who has a goal in mind and knows how to achieve it.
To know more about Leadership, refer:
https://brainly.com/question/28487636
#SPJ4
higher unemployment insurance benefits tend to increase unemployment because they group of answer choices
Higher unemployment insurance benefits tend to increase unemployment because they reduce the opportunity cost of job search and, hence, increase the search time.
When compared to engaging in an alternative activity, the opportunity cost of a particular activity is the value or benefit forfeited.
When economists speak of a resource's "opportunity cost," they are referring to the value of the next-highest alternative use of that resource.
A way to control your risk is through insurance. When you A purchase insurance, you do so to protect yourself from unforeseen financial losses. If something unfavorable occurs to you, the insurance company pays you or a person of your choice. If an accident occurs and you don't have insurance, you might be liable for all expenses.
Learn more about insurance here:
https://brainly.com/question/989103
#SPJ4
when a supervisor takes money from one department's budget in order to give it to another department for a project they are working on, it is an example of .
Answer:
Which analyst position analyzes information using mathematical models to help business managers make decisions?
Budget Analyst
Management Analyst
Credit Analyst
Operations Research Analyst
Explanation:
When a supervisor takes money from one department's budget in order to give it to another department for a project they are working on, it is an example of power - over.
What do you mean by the Power over?
Since a person's ability to act is indicated by the term "power to," and their capacity to influence the behavior of others is indicated by the term "power over," they believe it is acceptable to assume that a person must have some form of power to have any corresponding power over.
Most of what we consider power is actually power over. Parents have the authority to set the curfew for their children, managers have the authority to set the quota for their workers, police have the authority to tell drivers when to pull over, and judges have the authority to set the fine.
Even the power the chair underneath me possesses is over. It has control over my body and can keep it standing and in place.
Therefore, when a supervisor takes money from one department's budget in order to give it to another department for a project they are working on, it is an example of power - over.
To know more about the power over, visit:
https://brainly.com/question/4396319
#SPJ2
One consequence for defaulting on a loan is to have your wages garnished. What does this mean?.
One consequence for defaulting on loan is to have your wages garnished means acceleration.
The consequences that can occur when you default on any type of loan. The whole unpaid balance of the loan, including unpaid interest, becomes due. This means as “acceleration.” You lose the ability to get a forbearance or deferment. Your wages may be garnished to repay the loan you defaulted on.
The impact of defaulting on a business loan varies, depending on whether it’s unsecured or secured. Some business loans also come with an accelerated balance once you enter into default.
To know more about defaulting on loan here,
https://brainly.com/question/16817496
#SPJ1
which of the following is (are) true concerning monopoly? it is at the opposite end of the spectrum from a perfectly competitive firm. a monopoly has no rivals. a monopoly does not need to worry about other firms entering the industry. all of the above are true.
All of the above statements are true about the monopoly.
What is Monopoly?
It is a market arrangement in which there is just one seller and they have an exclusive product to sell. In a monopoly market, there is no competition for the seller because there is no other close equivalent for the goods he is selling.
In a monopoly market, elements such as a government license, resource ownership, copyright, and patent, as well as a high entry cost, turn a firm become a single seller of goods. These all function as barriers to other sellers entering the market. A monopoly is at the opposite end of the spectrum of a perfectly competitive firm.
Therefore option D is correct.
For more questions like Monoply click the link below:
https://brainly.com/question/12088969
#SPJ4
corrine is an employee at xex company. she was given a very generic handbook when she started employment. the handbook says nothing about using social media while at work. she is fired one day and told she was fired based on the employee handbook. if she is an at-will employee, this could be considered
When it comes to selecting an HRIS, businesses typically follow a procedure.They typically consist of adoption, implementation, and integration as their three phases.
What is the third step employers should take when putting electronic communications policies into place?
(1) Create a policy for electronic communications
2) Inform employees of the policy
3) Get the employees' signed acknowledgment that they understand the policy
4) Only use the monitor for business purposes
(5) Use disciplinary procedures to enforce the policy.
Make it abundantly clear where employees are monitored.Highlight the surveillance methods that will be used, such as GPS tracking and camera surveillance.Mention that you will only be monitoring them during business hours for professional purposes.During on boarding, disclose the scope of employee monitoring.
Learn more about communications here:
https://brainly.com/question/25645043
#SPJ4
in employment law, reasonable accommodation refers to an employee's obligation to adjust and make compromises on their personal beliefs and practices, including completely disregarding them, if they conflict with an organization's policies.
The above statement is False.
Employment law is a regulation that regulates various matters related to employment. Accommodations within the organization are arranged so that everyone has the same opportunities and access, which have been arranged based on the employment law.
So, at work every worker has the right to get the same accommodation in an organization or company. And we must comply with the code of ethics and policies of every company that have been prepared based on the law. Because the preparation of company or organization policies is completely based on employment laws, we must not ignore organizational policies.
Learn more about employment law at:
https://brainly.com/question/22676607?referrer=searchResults
#SPJ4
A new piece of equipment is installed in the prep area. What should the person in charge do?
The prep section has a fresh piece of equipment installed. The supervisor looks over the master cleaning service and adjusts it as appropriate.
What is meant by the supervisor?A supervisor is crucial to the management of a business. Their participation in a company is essential to ensuring that operations go without a hitch when a management is not present.
A competent manager should be able to carry out a variety of daily tasks and responsibilities, including:
accomplishing departmental goals through managing personnel and streamlining workflow.putting policies, processes, and systems into effect and enforcing them.monitoring employee productivity while giving them insightful criticism and instruction.establishing performance targets that are in line with the aims and visions of the organization.ensuring adherence to corporate guidelines and legal requirements.communicating information between staff and senior management.managing client issues that might become more complex and call for supervisory intervention.helping with staff hiring and dismissal.Thus, when a new piece of equipment has been placed in the prep area. The supervisor reviews the master cleaning and makes any changes necessary.
To know more about the manager, here
https://brainly.com/question/28362396
#SPJ4
based on your understanding of p/e ratios, in which of the following situations would the average trailing p/e ratio (current price divided by earnings per share over the previous 12 months) of the s
Based on your understanding of the p/e ratio, where from the following situations the average trailing p/e ratio (current price divided by earnings per share over the previous 12 months) of the economic and market outlook is for an increase.
Stocks are one of the most popular forms of money market instruments today. Shares, which are also called securities or stock, are securities that state proof of ownership of a company or business entity. Shares can also be interpreted as a sign of the capital participation of a person or business entity as a certain party in a company or limited liability company. By including capital, the party has a claim on income, company assets, and has the right to attend the general meeting of shareholders.
Learn more about Stocks here brainly.com/question/28663581
#SPJ4
____________________ interviews of employees who are leaving the firm can identify problem areas within the company that need to be taken care of quickly
Exit interviews of employees who are leaving the firm can identify problem areas within the company that needs to be taken care of quickly.
Employment is a relationship between two parties who manage work performance for their benefit. Normally, one party, the employer (which may be a corporation, non-profit organization, cooperative, or other organization), will pay the other work under the contract in return for performing an assigned job. pay a worker Compensation paid by the hour, on a piecework basis, or as an annual salary, depending on the type of work the worker performs, the prevailing conditions of the sector, and the bargaining power between the parties.
Employees in some sectors may receive tips, bonuses or stock options. Depending on the type of employment, workers may receive benefits in addition to their wages. Benefits may include health insurance, housing, and disability insurance. Employment is usually regulated by labor laws, organizations or legal contracts.
Learn more about employees here
https://brainly.com/question/1190099
#SPJ4
the capital structure of pendekanti products is 58 percent common stock, 2 percent preferred stock, and 40 percent debt. the firm maintains a dividend payout ratio of 24 percent, has a beta of 1.08, and has an income tax rate of 21 percent. given this information, which one of the following statements is accurate? multiple choice the aftertax cost of debt will be greater than the current yield to maturity on the company's outstanding bonds. the company's cost of preferred is most likely less than the company's actual cost of debt. the cost of equity is unaffected by a change in the company's tax rate. the cost of equity can be estimated only by using the capital asset pricing model. the weighted average cost of capital will remain constant as long as the company's capital structure remains constant.
The value of equity is the return that a corporation requires to decide if an funding meets capital return requirements.
Firms frequently use it as a capital budgeting threshold for the required price of return.
What is value of equity example?For example, consider a enterprise that currently will pay a dividend of $0.30 per share every quarter ($1.20 per share annually) and trades at $30. If this company expects to enlarge its dividend with the aid of 5% per year, then its fee of fairness is 9% ($1.20 / $30) + 5% = 9%.
What is the fee of equity formula?The components is: CoE = (Next Year's Dividends per Share/ Current Market Value of Stocks) + Growth Rate of Dividends
Learn more about cost of equity here:
https://brainly.com/question/28343988#SPJ4you want to receive 5,000 per month in retirement. if your discount rate is 0.75% per month and you expect to need the income for 25 years, how much do you need to have in your account at retirement?
your account at retirement is -595,808.11
How are your earnings determined?The DPV of lifetime income is the sum of the DPVs for working income and retirement income. (If there is no real interest rate, the DPV computation is as simple as adding the revenue flows across the years.) We presume that the person wishes to consume at the same rate throughout their entire lives. A retirement plan called lifetime income gives you a consistent income stream for the rest of your life. This type of income can only be provided through annuities, which is why they are frequently referred to as "annuities for life."
Given
300 N
0.75 I/Y
5000 PMT
0 FV
CPT PV = -595,808.11
To learn more about earnings determined refer to
https://brainly.com/question/3299566
#SPJ4
if an economy has a structural unemployment rate of 1 percent, a frictional unemployment rate of 4 percent, and an actual rate of unemployment of 12 percent, what must be its cyclical unemployment rate?
Cyclical unemployment rate = 7%
Subtract the total of the frictional and structural unemployment rates from the current unemployment rate to get the cyclical unemployment rate. Where: The current unemployment rate is the percentage of workers who are out of work for any reason or type of reason.
Cyclical unemployment rate = actual unemployment rate - the natural unemployment rate
Cyclical unemployment rate = actual unemployment rate - (frictional unemployment rate + structural unemployment rate)
Cyclical unemployment rate = 12-(1+4)
Cyclical unemployment rate = 12- 5
Cyclical unemployment rate = 7%
Although cyclical unemployment is a temporary condition, it can last for years if the recession is severe enough. The duration and severity of an economic contraction determine cyclical unemployment. However, as an economy recovers from a recession, businesses see an increase in demand for their goods and services, which leads to more hiring and a decrease in cyclical unemployment.
To learn more about cyclical unemployment, please refer:
https://brainly.com/question/28507721
#SPJ4
Research on romantic relationships in the workplace would be simultaneously considering which two contexts? A intrapersonal and intercultural B small group and mass communication C organizational and interpersonal D public/rhetorical and organizational
Research on romantic relationships in the workplace would be simultaneously considering organizational and interpersonal.
The organizational context would consider how the work environment affected the relationship.This setting would also emphasize the organization's function and how the relationship affects it.The interpersonal context examines how individuals interact with one another at work.This setting would examine how much this encounter has on how the relationship develops.
Studies that examine romantic relationships will always consider the interpersonal context since it is important to understand how people interact and how this interaction changes through time on a personal level.
To know more about interpersonal contexts, refer:
https://brainly.com/question/15461157
#SPJ4
The price of orange juice increases. Which of the following is not part of the chain of events that will follow from the price change?
The manufacturing lay off of orange juice not part of the chain of events that will follow from the price change.
What is price change?It's not unusual for prices to vary when you go to the grocery shop. This comparison does not immediately apply to SaaS businesses because supply networks for physical commodities are more susceptible to disruption and frequently employ cost-plus pricing. However, just because a product is digital and even uses value-based pricing doesn't mean that factors that influence price aren't also subject to constant change.New competitors or new technology popping up can reduce the perceived value of your software, causing you to lower prices.The areas where you'll probably invest the most time are market research and analytics. In fact, if there are too many participants in the process, a feedback loop might form and make this stage take longer than it ought to. Setting deadlines can help you avoid this and what we refer to as "analysis paralysis."hence, the manufacturing lay off of orange juice not part of the chain of events that will follow from the price change.
learn more about price change click here:
https://brainly.com/question/27815322
#SPJ4
comet powder company has purchased a piece of equipment costing $100,000. it is expected to generate a ten year stream of benefits amounting to $16,273 per year. if comment desires a 8% rate of return what it the net present value of this investment?
Present value of this investment is =60.27%
Return on Investment (IRR)Discounted rates that cause the NPV to equal zero are what determine the internal rate of return. N P V = P v 0 + P v 1 + P v 2 + P v 3 +... + P v n = 0
In other words, the starting period's initial cash investment will be equal to the present value of the expected future cash flows. (Cost paid = present value of future cash flows; the net present value is therefore equal to zero.)
The capital budgeting decisions are made using the IRR as a tool. A project is accepted if its IRR is greater than its WACC; otherwise, it is refused.
The IRR (r) of the project is calculated using the following formula:
$$NPV =0 =C1/(1+r)+C2/(1+r)+C2/(1+r)+C2/(1+r)+C2/(1+r)+...+ Cn/(1+r)n -
Purchasing price is $100,000
Benefit per year is $ 16,273
Benefit after 10 years = $16,273*10 = $160,273
Returns in 10 years = $160,273-$100,000 = $60,273
Rate of return = 60,273/100,000 * 100%
=60.27%
To learn more about internal rate of return refer to
https://brainly.com/question/24301559
#SPJ4
Luc, a vehicle dealer, offers to sell mel a truck and trailer, which luc claims can haul a certain weight. He knows nothing about the capability of the truck, but it is not as he asserts. Mel buys the truck. On learning the truth, mel confronts luc, who says he was not trying to fool mel—he was only trying to make a sale. This is.
On learning the truth, Mel confronts Luc, who says he wasn't trying to fool Mel—he was just trying to make a sale. This is an act of fraudulent representation.
Supply can be interpreted as the amount of goods or services available and can be offered by producers to consumers at any price level during a certain period of time. So, it can be said, the perpetrator of this offer is the producer or seller.
Factors affecting supply
There are resources availableSeller or producer factorPriceThe price and availability of like goods as substitutesProduction costProduction timeTechnology advancesgovernment policyTaxes and subsidiesLearn more about Supply here brainly.com/question/13296654
#SPJ4
Are we all becoming too focused on buying things?
Yes, we are all becoming too focused on buying things.
With the current expansion in technology and lifestyle, people have become more focused on buying things apart from the necessities of life.
Everyone seems to be attracted to luxury items and wants to buy them for fun or pleasure.
In the olden times, there wasn't much development and generation of revenue so people focused on buying the necessary things only. But today, people become attracted to buying things and spend money on items that might be of no use to them.
To learn more about buying, click here:
https://brainly.com/question/25580226
#SPJ4
if the income elasticity of demand for a good is positive, the good is said to be a(n):
'If the income elasticity of demand for a good is positive, the good is said to be a normal good.
The earnings elasticity of demand for a very good can be fine or negative. If the profits elasticity of call for is bad, it's far an inferior good. If the income elasticity of demand is fine, it's miles an ordinary appropriate. If the earnings elasticity of demand is more than one, it's miles a luxury suitable.
Low-income elasticity of demand: actual earnings are much less than the boom in quantity demanded. 0 earnings elasticity of call for the amount demanded stays unchanged despite an exchange in real income. Poor profits elasticity of demand: there's an increase in actual income but a decrease in the number of products demanded.
An everyday good has a profit elasticity of demand that is wonderful, but less than one. If the demand for blueberries increases with the aid of eleven percent whilst aggregate income will increase by using 33 percent, then blueberries are said to have an income elasticity of call for of zero.
Learn more about income elasticity here https://brainly.com/question/16796931
#SPJ4
a firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a
A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a natural monopoly.
Natural monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market gives the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
Why is the answer of the question natural monopoly?
There is one hint that the firm will able to supply the entire market, so it will be one of the characteristic of natural monopoly. The firm also able to reduce the total cost where usually the cost of this firm's business is quite high so not many firm will able to compete.
Learn more about natural monopoly https://brainly.com/question/1450566
#SPJ4