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2 years ago

If a firm can raise market price by reducing its output, then:

Business

1 answer:

Dahasolnce [82]2 years ago

6 0

If a firm can raise the market price by reducing its output, then It faces a downward-sloping demand curve.

If a superbly aggressive company increases its rate above the prevailing market fee, it'll lose its entire marketplace proportion, and income will lessen to 0.

Monopolists aren't allocatively efficient, due to the fact they do not produce at the amount wherein P = MC. As a result, monopolists produce less, at a higher average cost, and rate a higher price than could a combination of firms in a superbly competitive enterprise.

The monopolist will choose the income-maximizing degree of output in which MR = MC, and then fee the fee for that quantity of output as decided by using the marketplace call for curve. If that rate is above average fee, the monopolist earns high-quality earnings.

Learn more about the demand curve here: brainly.com/question/9387886

#SPJ4

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Later, the teaching assistant in Bob's chemistry course gives him some advice. "Based on past experience," the teaching assistan

77julia77 [94]

Answer:

1 hour working on problems, 3 hours reading

Explanation:

the question is not complete:

Bob is a hard-working college freshman. One Tuesday, he decides to work nonstop until he has answered 200 practice problems for his chemistry course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem.

Time Total Problems Answered Marginal gain

8:00 AM 0

9:00 AM 80 80

10:00 AM 140 60

11:00 AM 180 40

Noon 200 20

Since Bob's is able to answer more than 70 questions per hours only during one hour (from 8 to 9 AM), he can benefit more from reading the next 3 hours. Reading would be equivalent to answering 210 questions, while Bob was only able to answer 120 more questions in the following 3 hours.

6 0

3 years ago

Blossom, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo

Crazy boy [7]

Answer:

The Journal entry with their narrations shown below:-

Explanation:

The Journal Entry is shown below:-

1. Petty cash Dr, $271

To Cash $271

(Being establishment of petty cash fund is recorded)

2. Freight-in Expenses(delivery charges) Dr, $76

Supplies expenses Dr, $41

Postage expenses Dr, $49

Loan to employees (Accounts receivable) Dr, $33

Miscellaneous expenses Dr, $52

Cash short and over Dr, $8

To Cash $259

($271 - $12)

(Being disbursement of cash is recorded)

3. Petty cash Dr, $116

To cash $116

(Being increase in petty cash is recorded)

6 0

3 years ago

True or false: Researchers suggest that the one factor accounting for many of the failures of global teams is ineffective reward

Neporo4naja [7]

This is true. Researchers suggest that ineffective reward and recognition strategies are factors responsible for the failures.

<h3>What are global teams?</h3>

These are also referred to as the multinational teams. They are the specific type of team that is found in a workforce where the members may be people that are from different places.

By different places, we mean they are from different nations and their cultural backgrounds differ.

Read more on global teams here: brainly.com/question/5392895

7 0

2 years ago

During the year, Trombley Incorporated has the following inventory transactions.

Furkat [3]

Answer:

a. Ending inventory = $162, Cost of Sales = $593, Gross Profit = $478

b. Ending inventory = $227, Cost of Sales = $528, Gross Profit = $543

c. Ending inventory = $492.30, Cost of Sales = $557.94 , Gross Profit = $513.06

d. FIFO

Explanation:

FIFO

Ending inventory = 18 units × $9 = $162

Total = $162

Cost of Sales = 11 units × $13 = $143

16 units × $12= $192

21 units × $11 = $231

3 units × $9 = $27

Total = $593

Gross Profit = Sales less Cost of Sales

= (51 units × $21) - $593

= $1,071 - $593

= $478

LIFO

Ending inventory = 11 units × $13 = $143

7 units × $12 = $84

Total = $227

Cost of Sales = 9 units × $12 = $108

21 units × $11 = $231

21 units × $9 = $189

Total = $528

Gross Profit = Sales less Cost of Sales

= (51 units × $21) - $528

= $1,071 - $528

= $543

Weighted-average cost

First determine the average cost.

Average cost = Total Cost / Total units

= $ 755 / 69

= $10.94

Ending inventory = Units Remaining × Average Price

= 45 units × $10.94

= $492.30

Cost of Sales = Units Sold × Average Cost

= 51 units × $10.94

= $557.94

Gross Profit = Sales less Cost of Sales

= (51 units × $21) - $557.94

= $1,071.00 - $557.94

= $513.06

8 0

3 years ago

A sometimes short, sometimes extended period of declining output and living standards is referred to as a recession.

satela [25.4K]

I think its A) True.

8 0

3 years ago