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NISA [10]
2 years ago
8

The monopoly maximizes profit by setting a. price equal to marginal revenue. b. marginal revenue equal to marginal cost. c. pric

e equal to marginal cost. d. marginal revenue equal to zero
Business
1 answer:
Ksenya-84 [330]2 years ago
3 0

(C) price equal to marginal cost.

Monopoly is a market condition with only one seller of a product where there is barriers to entry of others and presence of no substitutes.

The level of profit is maximised in a monopoly when the marginal cost equal the marginal revenue. They choose an output and price certainly without exceeding the marginal revenue. The price is greater than average revenue of the production and get the profit maximise output.

In case monopoly quantity will be lower and the price will be higher than that of a competitive firm. Marginal revenue can only be zero when the production falls or not have been started yet.

To learn more about monopoly here,

brainly.com/question/5992626

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A form of advertising that firms use when a product enters the growth phase of the product life cycle and other companies begin
serg [7]

Answer:

Competitive advertising.

Explanation:

Competitive advertising is used to create difference in product sold by itself and product sold or manufactured by other competitor in the Market. It helps to influence consumer´s choice in buying the product. It also help the firm to gain maximum market share as other are new in the marketplace.

Competitive advertising are done on the basis of product´s quality, price, ingredient, benefit of product, etc.

As firm´s product is already in growth phase of life cycle and other company is just entering the marketplace, so firm can use competitive advertising to influence consumer´ s buying choice and can gain more market share.

5 0
3 years ago
What is the American opportunity credit for 2018
DaniilM [7]
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3 0
4 years ago
In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: A) $108,000. B) $90,000
Tanya [424]

Answer:

Answer: b

Explanation:

NRV=$120,000 – ($120,000 x 10%) = $108,000$90,000cost is less than net realizable value of $108,000 cost

5 0
3 years ago
The following monthly data pertains to the Amnesty Company: Sales commissions 8,000 Delivery truck depreciation $2,500 Direct la
Fed [463]

Answer: $46000

Explanation:

The manufacturing overhead for the month will be calculated as:

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Add: Indirect material = $4000

Add: Factory electricity gas = $8000

Add: Factory supervisor salary = $12000

Add: Depreciation on factory building = $7000

Therefore, the total manufacturing overheads would be gotten by adding the above values together whihc will be equal to $46000.

3 0
3 years ago
7. Which of the following both shift aggregate demand left? a. a decrease in taxes and at a given price level consumers feel mor
GrogVix [38]

Answer:

<h2>In this case,the answer would be option d. or an increase in taxes and at a given price level consumers feel less wealthy.</h2>

Explanation:

  • Aggregate Consumption Expenditure is an important component or determinant of the aggregate demand(AD) which positively or directly affects the AD,meaning that a general increase in the aggregate consumption expenditure will increase the AD in the economy and vise versa.
  • Now,an increase in income tax is evidently a bad news for the consumers or buyers in the economy as the disposable household income would decrease as a result and the consumers or buyers would have less money or income at their disposable to spend on various goods and services in the economy.
  • Therefore,an increase in tax in this case would lead a fall in the disposable income of the consumers/buyers which will further lead to a decrease in the overall consumption expenditure in the economy.
  • Hence,everything else held constant,as aggregate consumption expenditure decreases in the economy,the AD will also decrease consequently and the AD curve shift downward or leftward in the graphical illustration of the goods market.
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