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2 years ago

The deadweight loss associated with a monopoly occurs because the monopolist.

1 answer:

6 0

The deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.

<h3>What is monopoly?</h3>

A monopoly is an economic structure where a specific person or enterprise is the only supplier of a particular good.

The above means that company that exists in a market with little to no competition and can therefore set its own terms and prices when facing consumers, making them highly profitable.

Hence, the deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.

Learn more about monopoly here : brainly.com/question/13113415

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3 years ago

Mike started a calendar year business on September 1st of this year by paying 12 months rent on his shop at $1,000 per month. Wh

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Answer:

C. $12,000 under the cash method and $4,000 under the accrual method

Explanation:

Under the cash basis of accounting, whenever an amount is received or paid, it is recognized in the books of accounts

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So, by this above information

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3 years ago

In a free-market system, producers are most strongly driven by which of the

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Answer:

The correct answer is (B)

Explanation:

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3 years ago

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

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Answer:

The answer is 629,000.

Explanation:

For each unit of M sold, the price is 7 and the cost is 3, so the contribution margin is 4;

For each unit of N sold, the price is 4 and the cost is 2, so the contribution margin is 2;

For each unit of O sold, the price is 6 and the cost is 3, so the contribution margin is 3;
With the mix, 1 unit of sale contributes (contribution per mix) 3*M+1*N+2*O = 3*4+1*2+2*3 = 20

For covering the 340,000 of fixed costs, you have to sale 340,000/20 units. That's equal to 17,000 units.

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2 years ago

At year end, Rebos Company's financial statements showed sales of $820 million, net income of $425 million, total assets of

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Answer:

total sales $820 million

net income $425 million

total assets $750 million

total liabilities $735

1.2 million outstanding common stocks

an offer was made to buy their assets at $742.5 million

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= (total assets - total liabilities) / total number of outstanding common stocks

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= (total offer - total liabilities) / total number of outstanding common stocks

= ($742,500,000 - $735,000,000) / 1,200,000 = $6.25 per stock

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3 years ago