1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
disa [49]
1 year ago
10

Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charge

s $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. What is the marginal revenue of the 11th customer?.
Business
1 answer:
pochemuha1 year ago
3 0

The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407)  How a monopolist maximizes profits

How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?

The monopolist will select the profit-maximizing level of output where

                                      MR = MC

and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

How a monopolist maximizes profits

 Because Chuck, a sole commercial airplane operator in small isolated town, has no  competition, he has complete control of market price of air travel in his small tone

 Reduced price → increase in ticket sales

 Monopoly maximizes profit by choosing an amount of profit in which marginal revenue  equals marginal cost (MR= MC)  Since Chuck must reduce his price to sell more units, he has an incentive to sell a  smaller quantity than a perfective competitive company

Learn more about Marginal revenue :

brainly.com/question/10822075

#SPJ4

You might be interested in
Audrey is debating the superiority of a market economy with her friend Bill. Audrey supports her argument in favor of a market e
Gelneren [198K]

Adam Smith's invisible hand theory is the concept that in a market where people are free to buy and sell as they please, buyers will buy goods that sellers offer at prices that work for all parties.

4 0
3 years ago
Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1234.00 and have not been paid
Tems11 [23]

Sally is buying a home and the closing date is set for April 20th. the annual property taxes are $1234.00 and have not been paid yet. The answer is $368.51.

Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38.

Step 2: Seller will credit buyer from January through midnight the day before closing. Calculate the exact number of days; January 31 + February 28 + March 31 + April 19 = 109 days Step 3: Multiply the daily rate ($3.3808219178) x Number of days (109) = $368.51

Property tax is the sum that a landowner must pay to the local government or municipal body in their area. Every year, the tax is due and payable. Real estate assets include real estate, commercial real estate, and residential real estate that is rented to third parties.

Owners of real estate must pay property taxes that are computed by the municipal authority where the asset is situated.

Property tax is calculated based on the value of the property, which can be a tangible personal property or real estate in various countries.

Learn more about property taxes here:

brainly.com/question/11544476

#SPJ4

6 0
2 years ago
When Nike purchases it's raw materials it wants to ensure they meet a specific quality management standard worldwide. This will
4vir4ik [10]

Answer:

their

Explanation:

Nike should purchase it's raw materials from organizations that meet ______their_______________ standards.

6 0
3 years ago
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800.
abruzzese [7]

Answer:

A

Explanation:

Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?

6 0
2 years ago
which component of the marketing mix encompasses all efforts by an international firm to enhance the desirability of its product
spayn [35]

Answer:

Geocentric approach

Explanation:

Geocentric approach marketing is generally used to enhance the desirability of products among potential buyers. geocentric approach marketing is a sort of worldwide advertising wherein organisations attempt to spread out the aspects of their items or administrations among various nations. It happens when a business chooses to widen its activities and spotlight on deals outside of its nation of origin. The whole strategy is implemented to gain more customers.

7 0
3 years ago
Other questions:
  • Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash divide
    9·1 answer
  • The wireone company manufactures high-quality coated electrical wire in two departments, weaving and coating. materials are intr
    11·1 answer
  • Soft drink manufacturers face (a) ________.
    9·1 answer
  • The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based
    13·1 answer
  • Lisa Frees and Amelia Ellinger have been operating a catering business for several years. In March, the partners plan to expand
    9·1 answer
  • All of the following are ways the WBS helps in managing projects EXCEPT Select one:
    14·1 answer
  • One employee is in charge of the following activities at a drive-through of a bank: Activity Activity Time per Customer Greet cu
    10·1 answer
  • Connect the words below (In any order) and create an essay
    8·1 answer
  • The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interes
    11·1 answer
  • When a service call is longer than expected, and another appointment time is fast approaching the agency's employees are likely
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!