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zhenek [66]
1 year ago
11

A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that th

e firm has both fixed and variable costs. price equals marginal cost. price exceeds marginal cost by the greatest amount.
Business
2 answers:
UkoKoshka [18]1 year ago
3 0

A monopolist maximizes profits at the output at which marginal revenue equals marginal cost.

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

It should be noted that a monopolist simply means an individual that controls the sale of a particular good in the market.

In this case, a monopolist maximizes profits at the output at which marginal revenue equals marginal cost.

Learn more about monopolist on:

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Ahat [919]1 year ago
3 0

A monopolist maximizes profits at the output; a Monopolist maximizes profit by equating MR and MC. Option C. This is further explained below.

<h3>What is Monopolist?</h3>

Generally, a Monopoly refers to a business or person that dominates and controls a market for a certain product or service.

In conclusion, In order for a monopolist to maximize profits, the production must be equal to the profit.

Read more about monopolists

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2 years ago
Considering the needs of a global audience is essential to success in the hospitality and tourism industry?
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Answer:

True

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3 years ago
Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha
chubhunter [2.5K]

Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

                                        = 0.2 × 20,000

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Units required in January = 30,000 + 4,000

                                        = 34,000 units

Units to be produced in January = 34,000 - opening inventory

                                                   = 34,000 - 7,500

                                                   = 26,500 units

Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

                                        = 0.2 × 40,000

                                        = 8,000 units

Units required in February = 20,000 + 8,000

                                        = 28,000 units

Units to be produced in February = 28,000 - opening inventory

                                                         = 28,000 - 4,000

                                                         = 24,000 units

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