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1 year ago

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

Business

1 answer:

Dahasolnce [82]1 year 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

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Suppose you deposit $116 today, $135 in one year, and $885 in two years in an account that pays an annual rate of interest of 14

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Answer:

The answer is $1357.85

Explanation:

Future value= Σ C(1+i)^n

FV = 116(1.141^3) + 135( 1.141^2) + 885(1.141) = $1357.85

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2 years ago

In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age

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Based on historical perspective, the age range of the early game designers is between 40 to 60years old. Also, the gender for which the games were being designed is male.

<h3>History of Game Designs.</h3>

The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.

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The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.

Hence, in this case, it is concluded that the game designers were men, and they are in the age range of 40 to 60 years.

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2 years ago

What is an agricultural marketing cooperative that helps members sell their products?

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This question provides the defition for a producer cooperative

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3 years ago

Find the sticker price for a vehicle with the following features and costs: Suggested retail price of $13,760, destination charg

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Answer:

$15,780

Explanation:

The sticker price for a vehicle with all the features is the total of all the given cost elements.

These include the retail price, destination charge, cruise control, custom sound etc.

Hence, the sticker price for the vehicle

= $13,760 + $475 + $800 + $235 + $510

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2 years ago

Suppose you are 45 and have a $50,000 face amount, 15-year, limited-payment, participating policy (dividends will be used to bui

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Answer:

The Net cost of insurance $13,129.

Explanation:

Annual premium (15 years) $15,000 ($1,000 × 15 years)

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+$10,129 ($25,129 - 15,000)

Total cost of policy $25,129 ($15,000 + 10,129)

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Net cost of insurance $13,129 ($25,129 - 12,000)

At a 7 percent annual yield, your account would have accumulated to $25,129 in 15 years. You have paid $13,129 for 15 years of insurance protection.

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2 years ago

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