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2 years ago

A monopolistically competitive firm maximizes profit in the short run by producing where?

1 answer:

5 0

In the short run, a monopolistically aggressive firm maximizes income or minimizes losses with the aid of producing that amount wherein marginal revenue = marginal cost. If the common total price is beneath the marketplace charge, then the company will earn an economic profit.

In a monopolistic market, a firm maximizes its overall income by way of equating marginal price to marginal sales and fixing for the fee of one product and the quantity it should produce.

A company in monopolistic competition maximizes profits by using identifying that fee and output at which: marginal price equals marginal revenue, or in which marginal value comes closest to marginal revenue without being greater than marginal revenue.

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Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Januar

Mkey [24]

Answer:

$70,707

Explanation:

Given that,

Sales (3,300 units) = $ 128,700

Variable expenses = $65,637

Contribution margin = $63,063

Fixed expenses = $47,900

Net operating income = $15,163

Contribution margin per unit:

= Sales revenue per unit - Variable cost per unit

= ($ 128,700 ÷ 3,300) - ($65,637 ÷ 3,300)

= $39 - $19.89

= $19.11

If the company sells 3,700 units,

Total contribution margin:

= Contribution margin per unit × Number of units sold

= $19.11 × 3,700 units

= $70,707

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4 years ago

The unemployment rate may underestimate the true extent of unemployment if:

son4ous [18]

Answer: c.

Explanation: The unemployment rate may underestimate the true extent of unemployment if there are a large number of people working in the underground economy . While the underground economy also known as the black economy may conjure up images of drug deals and prostitution rings, the term actually has much broader scope. It refers not only to illegal economic activity, but all economic activity that goes unreported to government authorities and consequently, avoids being taxed. one of the primary reasons the underground economy exists is that people are trying to evade taxes. But increased government regulations that can make the cost of doing business higher also create an incentive to avoid reporting certain economic activity to the government. An increase in the number of unemployed increases the number of people who work in the black economy because they have more time. On the other hand, an increase in unemployment implies a decrease in the shadow economy.

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3 years ago

What the role of marketing

nikitadnepr [17]

Answer:

The Marketing Department plays a vital role in promoting the business and mission of an organization. It serves as the face of your company, coordinating and producing all materials representing the business.

Explanation:

hope this helps and I want brainless

3 0

3 years ago

Jiffy Co. expects to pay a dividend of $3.00 per share in one year. The current price of Jiffy common stock is $60 per share.

vekshin1

Answer:

B13%, explained below:

Explanation:

Flotaion cost doesn't impact the cost of existing equity and it only impact the cost of new equity. The question asks about cost of existing equity, hence

Cost of equity ={ Expected dividend in one year/ Stock price} + growth rate = 3 /60% + 8%

Cost of existing equity (Retained earnings) = 13%

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4 years ago

Three roommates will share the cost of an apartment. Monthly rent is $1,050. Average monthly utilities are estimated to be $150,

Lostsunrise [7]

Based on the various costs incurred by the three roommates, the monthly cost of the apartment is <u>$1,410.</u>

<h3>What is the most cost of the apartment?</h3>

The monthly cost of the apartment are all costs that relate to maintaining it and providing services to it.

This can be found as:

= Monthly rent + Monthly utilities + Internet service + cleaning fees

= 1,050 + 150 + 120 + 90

= $1,410

Find out more on household supplies at brainly.com/question/21370573.

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2 years ago