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prisoha [69]
2 years ago
11

If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is a. 200 - 4q.

b. 100 - 4q. c. 200 - 2q. d. 2
Business
1 answer:
liq [111]2 years ago
7 0

If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is  200 - 2q. Price becomes a function of quantity demanded in the case of an inverse demand curve. The inverse of a demand curve, this indicates that variations in the amount required cause changes in price levels.

The formula for calculating the demand curve for a product yields the graph of an inverse demand curve. The quantity demanded is a function of price on the demand curve. This aligns the horizontal axis with pricing, with quantity demanded on the vertical axis.

To learn more about demand curve, click here.

brainly.com/question/13131242

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Answer:

<u>January 1, 2017</u>

Debit: Accounts Receivable $2800

Credit: Deferred Revenue[Wiring Base] - $1120

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Narration: Contract Detail and invoicing of the client.

<u>February 5, 2017</u>

Debit Deferred Revenue[Wiring Base] - $1120

Credit Revenue Account - [Wiring Base] - $1120

Narration: Revenue recognition of Wiring Base delivered to customer

<u>February 25, 2017</u>

Debit Deferred Revenue[Shelving Unit]- $1680

Credit Revenue Account - [Shelving Unit] - $1680

Narration: Revenue recognition of Shelf delivered to customer

<u>February 25, 2017</u>

Debit: Bank - $2800

Credit: Accounts Receivable - $2800

Narration: Payment received in settlement of contract fully delivered

Explanation:

The question is an example of a Performance Contract.

A Performance Contract is an agreement with a customer by a vendor to discharge a service or provide goods that are distinct from each other. The accounting for this obligations will therefore be recorded and recognized separately.

It is also important to note that the services or goods must be separately identifiable and the customer must be able to derive from each goods on individually or jointly.

The rule is to

  1. Recognize the contract and invoice amount with the customer as Deferred Income.
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3 0
3 years ago
Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl
stira [4]

Answer:

1. Apple Stocks             Dr. $75,000

  Deferred Donation Income   Cr. $75,000

2. Apple Stocks Dr. $1,500

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3. Cash         Dr. $ 76,000

   Gain/Loss on Apple stocks Dr.$1,500

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Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

5 0
3 years ago
Given that they often competen t powerful companies, it is imperative that entrepreneurs:
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Answer:

Use strong judicial tools as patents and copyrights. Be flexible to enter the market. Understand that is more expensive to acquire a new client that to maintainn and excisting one.

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The powerfull companies can make a product or service look bad (sabotage) or can change its prices to eliminate possible competitors from the market, they also have a huge share of the market so there are not many avilable new clients to gain.

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Answer:

A

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I really hope this answer helps you out! It makes my day helping people like you and giving back to the community that has helped me through school! If you could do me a favor, if this helped you and this is the very best answer and you understand that all of my answers are legit and top notch. Please mark as brainliest! Thanks and have a awesome day!

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If a business person wants to get information about a special product to a wide variety people across a large geographic range,
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Answer: Internet.

Explanation:

The internet is the fastest way a business can advertise it's products to a global audience. The internet is a wireless interconnection of computers across the Earth, where communication is made easier and information is shared.

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