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3241004551 [841]
2 years ago
7

g If a monopolist is producing a level of output where MR exceeds MC, then it should Group of answer choices Lower its output. N

one of the Answers are Correct. Raise its price. Increase its output.
Business
1 answer:
Svet_ta [14]2 years ago
3 0

If a monopolist is producing a level of output where MR exceeds MC, then it should Increase its output.

<h3>What happens if MR exceeds MC?</h3>
  • MR is the result of the sale of an additional unit, added to TR. When an additional unit is produced, MC is added to TC.
  • Thus, TR-TC becomes maximum for greatest profit when MR=MC.
  • The producer will keep making products as long as MR is greater than MC since it will increase his earnings.
  • The monopolist will choose the level of output that maximizes profits, where MR = MC, and then set the price for that amount of output according to the market demand curve.
  • The monopolist makes a profit if the price is higher than the average cost.
  • If the marginal cost exceeds the marginal revenue, the unit is not economically viable for the company to create because it costs more than it makes.

To learn more about MR and MC refer to:

brainly.com/question/15229143

#SPJ4

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Contemporary best-selling management books often argue that customers are the most important element in the external environment
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Answer:

NO, I DO NOT AGREE

Explanation:

External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.

the micro environment factors are PESTLE

customer, suppliers, competitor, public perception,

the macro environment factors are PESTLE

P -political

E - Economic

S -Socio cultural

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L - Legal

E - Environmental factors

All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.

6 0
3 years ago
Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to h
Fynjy0 [20]

Answer:

Contribute to individual 401(k) = $61,000

Explanation:

Given:

Revenue = $538,000

Expenses = $107,600

Find:

Contribute to individual 401(k)

Computation:

Contribute to individual 401(k) = $55,000

Kathy is younger then 50 years so, She have t pay $6,000 more:

So,

Contribute to individual 401(k) = $55,000 + $6,000

Contribute to individual 401(k) = $61,000

6 0
3 years ago
Nina Corp. had the following net income (loss) the first three years of operation: $6,700, ($1,200), and $3,800. If the Retained
RoseWind [281]

Answer:

The total amount of dividends paid over these three years is $8,600

Explanation:

The computation of the total amount of dividend for three years is shown below:

= Net income for first-year - net loss for the second year + net loss for the third year - ending retained earning balance

= $6,700 - $1,200 + $3,800 - $700

= $8,600

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

So, we apply the same formula to compute the dividend amount

8 0
3 years ago
If someone introduces himself using a formal introduction, you should _____.
stich3 [128]

Answer:

Follow his lead and address him formally

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If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.

6 0
3 years ago
greene co. has pretax book income for the year ended december 31, 2019 in the amount of 265000 and has a tax rate of 30%. Deprec
Gennadij [26K]

Answer:

Pre-tax book income $265,000

Less depreciation additional charge $14,500

Taxable income $250,500

Tax liability at 30% = $75,150

8 0
3 years ago
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