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lilavasa [31]
2 years ago
14

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo

list should ________ to maximize profits.
Business
1 answer:
MatroZZZ [7]2 years ago
7 0

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.

<h3>Who is a monopolist?</h3>

monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.

It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .

Learn more about monopolist on:

brainly.com/question/13113415

#SPJ1

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statuscvo [17]

Answer:

The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government

Explanation:

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7 0
3 years ago
Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April$35,00
Fittoniya [83]

Answer:

2,256 hours

Explanation:

The computation of the total standard direct labor hours allowed (SQ) for units produced is shown below;

As we know that

Labor rate variance = (Actual hours × Actual rate) - (Actual hours ×  Standard rate)

($5,000) = $35,000 - (2,500 ×  Standard rate)

2,500 ×  Standard rate = $40,000

Standard rate = $16

Now

Labor efficiency variance = (Actual hours ×  Standard rate) - (Standard hours ×  Standard rate)

$3,900 = (2,500 ×  $16) - (Standard hours ×  $16)

Standard hours ×  $16 = 36,100

Standard hours = 2,256.25

= 2,256 hours

5 0
3 years ago
On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $101,600. The ending i
Lyrx [107]

Answer:

a. An additional layer of $12,760 is added to the 12/31/2021 balance.

Explanation:

The computation of the inventory balance is given below:

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=  $131,040 ÷ 1.05

= $124,800

Additional layer is

= $124,800 - $101,600

= $23,200

2022 Base year cost is

= $150,040 ÷ 1.10

= $136,400

Additional layer is

= ($136,400 - $124,800 ) × 1.10

= $11,600  1.10

= $12,760

Therefore the first option is correct

3 0
3 years ago
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Alexandra [31]

Answer:

$720,000

Explanation:

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Total variable cost budgeted

= 58000 ( $1 + $3 + $4 +$2)

= $580,000

Total fixed cost = $10,000 + $120,000 + $4,000 + $6,000

= $140,000

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= $580,000 + $140,000

= $720,000

5 0
3 years ago
A data custodian works directly with data owners and is responsible for the storage, maintenance, and protection of the informat
elena-s [515]

Answer:

The statement is: True.

Explanation:

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6 0
4 years ago
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