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2 years ago

When a monopolist increases the amount of output that it produces and sells, average revenue.

1 answer:

3 0

Monopolists can increase the amount of output and sell easily because they are in no competition, the revenue is also great as their is no competition the price charged is not challenged by any other organization.

<h3>What is Monopoly?</h3>

Monopoly is when there is no competition in the market and the seller is the sole seller of the product or service and therefore all the customers in the market purchase products or services from the said organization.

The organization can charge any price for the products or services as there is no competition the prices are not challenged by the other organizations as the sole seller of the commodity is the organization and this sole seller in the entire market is called a monopoly business.

It is difficult to be in a competitive environment but it is comparatively easier being a monopolist.

Learn more about Monopoly at brainly.com/question/27373128

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Answer:

$410,000

Explanation:

The computation of the ending inventory under the LIFO method is shown below:

= Year end cost + difference of amount × price level index

where,

Year end cost = Beginning cost

Difference of amount = $400,000 - $300,000 = $100,000

Price level index = $440,000 ÷ $400,000 = 1.1

So, the inventory cost is

= $300,000 + $100,000 × 1.1

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3 years ago

Exercise 177 Kirk Company issued a $3,500,000, 10%, 10-year mortgage note payable to finance the construction of a building at D

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Answer:

The annual installment payment consists of both interest payments and principal repayment.

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= $350,000

Principal repayment = 569,509 - 350,000

= $219,509

Date Account Titles and Explanation Debit Credit

Dec, 31 2020 Cash $569,609

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Date Account Titles and Explanation Debit Credit

Dec, 31 2021 Interest Expense $350,000

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Cash $569,609

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3 years ago

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Answer:

I don't understand

Explanation:

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3 years ago

Identify the statement that is incorrect. Multiple Choice Higher financial leverage involves higher risk. Risk is higher if a co

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Answer:

Risk is higher if a company has more assets.

Explanation:

All of the following statements are true and correct;

1. Higher financial leverage involves higher risk.

2. Risk is higher if a company has more liabilities.

3. The debt ratio is one measure of financial risk.

4. Lower financial leverage involves lower risk.

However, it is false and an absolutely incorrect to say risk is higher if a company has more assets.

A company having more assets would have a debt ratio less than one (1) because it has many assets to fund it's business. Thus, the company would have little or no debts and as such, it's risk portfolio is very low.

Hence, risk is lower if a company has more assets.

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3 years ago

A clothing store chain tracks the sale of each product at each location. Managers use this information to calculate the organiza

Ksivusya [100]

Answer:Flexible

Explanation:

According to the question, clothing store tracks the sale at each location so, they are taking a very large base of consumers and they are considering each consumer that is why the quality information is flexible.

Demands of each consumer may vary such that one wants cotton fabric, another wants polyester so this makes the information more flexible as it may vary largely.

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3 years ago