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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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A market is described by the following supply-and-demand curves:QS = 2PQD = 300−PSuppose the government imposes a price ceiling

Zarrin [17]

Answer:

Binding

$100

200

Shortage

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good.

A price ceiling is binding when the price ceiling is below the equilibrium price.

To find the equilibrium price, equate qs to qd because at equilibrium, quantity supplied is equal to quantity demanded.

2P = 300 - P

3P = 300

P = 100

Equilibrium price is $100.

$100 > $90. Therefore, price ceiling is binding.

To find quantity supplied, plug in the value of P into the equation for quantity supplied

QS = 2(100) = 200

To find quantity demanded, plug in the value of P into the equation for quantity demanded

QD = 300 - 100 = 200

when price is below equilibrium price, quantity demanded increases while the quantity supplied decreases. This leads to a shortage.

I hope my answer helps you

3 0

3 years ago

On january 11, 2016, hughes company applied for a trade name. Legal Costs associated with the application were $20,000. In Jan.

wlad13 [49]

Answer:

1. Ending Carrying value value in 2016 = legal cost for application which is $20,000

Ending Carrying value in 2017 = legal cost of application in 2016 + legal fees incurred in 2017 = $20,00 + $8000= $28,000

2. The company should not amortize the trade as it was not impaired in 2016 and 2017.

The trade name can be amortized if it's useful life is known above which the company has determined that it will not use the trade name anymore, then it will be amortized over it's useful life.

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3 years ago

Carly’s Clips charges for their grooming services based on the following:________.

Novay_Z [31]

Answer: $256

Explanation:

Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:

Materials = $54

Add: Materials markup = 30% × $54 = 0.3 × $54 = $16.2 = $16

Add: Labour = 3 × $62 = $186

Total price of job = $256

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2 years ago

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the

g100num [7]

Have no clue sorry that is not the answer

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3 years ago

Jamie is 42 years old and received a $20,000 distribution for his roth ira established in 2009. at the time of distribution, the

Leviafan [203]

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3 years ago