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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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Answer:

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Explanation:

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Total production needs 165,600

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The sales for the period and the desired ending inventory are the total units we need for the quarted.

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4 years ago

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not

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Answer:

credit to interest revenue for $132

Explanation:

given data

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interest rate = 6 %

time = 90 days

solution

if we see here journal entry that is

date particular debit credit

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3 years ago

JoPacks sold 500 backpacks in September. Total variable costs were $7,500, total fixed costs were $10,000, and profit was $4,000

aivan3 [116]

Answer:

$18,000

Explanation:

Total revenue - total cost = profit

total cost = variable cost + fixed cost

when 500 units were sold

total revenue - ( $10,000 + $7,500) = $4,000.

revenue = $21,500

to determine profit when 1000 units are sold, we have to determine the price and average variable cost

Price = revenue / total unit sold = $21,500 / 500 = $43

Average variable cost = $7,500 / 500 = $15

For 1000 units sold

revenue = price x units sold = 1000 x $43 = $43,000

total variable cost = $15 x 1000 = $15,000

total cost = $15,000 + $10,000 = $25,000

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3 years ago

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