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1 year 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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the price of coffee will decrease

Explanation:

the price of coffee will decrease because the demand of coffee is clearly greater than the supply, hence in order to reach the point of equilibrium again (a point where demand equals supply), the price is to decrease

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3 years ago

In October, Pine Company reports 20,700 actual direct labor hours, and it incurs $124,200 of manufacturing overhead costs. Stand

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Answer:

$18,810 Unfavorable

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The computation of the overhead volume variance is shown below:-

Overhead volume variance = Budgeted Overheads - Recovered Overheads

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B) It predicts future behavior based on the applicant's past

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2 years ago

The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predete

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Answer:

1.- first question D. Beginning WIP: $8,500

2.- second question A raw materials used. $63,000

3.- third quesion B. $21,700 actual overhead

Explanation:

Balance in May 1st

4,000 direct materials

300 hours x $9 labor rate = 2,700

300 hours x $6 overhead rate = 1,800

Total 8,500

We have to calculate the total cost for materials added for the month

beginning + purchase - used into production = ending

We are given the fact that balance decrease by 3,000 so

ending - beginning = -3,000

we post that into the formula:

purchase - used into production = ending - beginning

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3,200 hours x 6 = 19,200

If underapplied by 2,500 then:

applied - actual = -2,500

19,200 - actual = -2,500

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