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2 years ago

What is the profit-maximizing level of output for the non-discriminating monopolist?

1 answer:

3 0

The profit-maximizing price and output for this non-discriminatory monopoly are $4 and 7 units, respectively. A monopoly that maximizes the profit of producing in the short term will: increase production as long as the marginal return exceeds the marginal cost of producing that unit.

A discriminatory monopolist charges different consumers different prices, while a non-discriminatory monopolist charges all consumers the same price. In a non-discriminatory monopoly, demand determines the price and, ultimately, the price consumers are willing to pay.

The non-discriminatory monopolist found a marginal revenue of $23 and a marginal cost of $30 at the current level of production. To maximize profits, you need to raise prices and produce less.

Learn more about profit-maximizing here: brainly.com/question/13464288

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An appraiser completes an appraisal for a homeowner in preparation for obtaining a loan. The appraiser provides a letter report

Oxana [17]

The situation here is that the appraiser is:

Taking a percentage for his services from the appraisal

Based on the given question, we can see than when an appraisal is made, the appraisal which is actually a written report that makes an estimate of the present value of a piece of property.

With this in mind, we can see that the appraiser preferred to take his payment from the percentage value of the value of the property which he appraised. This method is sure to give the appraiser more money than he would have made, especially if the value of the property was quite high.

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2 years ago

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry arg

Zigmanuir [339]

Answer:

D) it presumes there will be economic gains even if output does not become internationally competitive

Explanation:

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.

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3 years ago

Private enterprise is run mainly to?

saw5 [17]

Most private enterprise mainly run to gain profit

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3 years ago

To help cosmetic company RedRain Inc. launch a new line of lipstick, tickets that can be redeemed for prizes are enclosed in som

Mrac [35]

Answer:

Sales Promotions

Explanation:

The reason is that the company is trying to attract its customers by providing tickets that has ability to win prices and these prices are the motivating factors for the consumer to buy these products. Other tactics also include seasanol sales discounts to sell the remainder of the stock and "Buy One and Get one Free".

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4 years ago

Tony signed a contract agreeing to purchase a used, high-powered boat for $10,000. Prior to signing the contract, the sales repr

Burka [1]

Answer:

Most definitely, Tony would lose due to the integration clause.

Explanation:

An integration clause requires a short paragraph to be inserted into a written contract to confirm a final deal between two sides.

Since drafting a written contract, it may fail to be fully checked by one of the parties involved to ensure that all provisions are included and that both parties sign the contract, which Tony failed to consider.

If this happens, one party could contend that the other failed to uphold a particular condition or phrase that they consented to verbally.

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3 years ago