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REY [17]
2 years ago
5

The only relevant difference between the curves for a monopoly and the equivalent ones for a firm in a competitive market is tha

t?
Business
1 answer:
mixas84 [53]2 years ago
3 0

<u>The only relevant difference between the </u><u>curves </u><u>for a </u><u>monopoly</u><u> and the equivalent ones for a firm in a competitive market is that </u><u>marginal</u><u> and </u><u>average revenue slope</u><u> downward for the </u><u>monopolist.</u>

What type of curve does a monopoly have?

  • A monopoly encounters a downward-sloping market demand curve in Panel (b).
  • It chooses its profit-maximizing output in its capacity as a profit maximizer.
  • However, after determining that quantity, it uses the demand curve to determine the price at which it can sell that output.

What is a difference between a monopoly and perfect competition ?

While in monopolistic competition, businesses produce slightly different goods, in perfect competition, businesses produce identical goods.

How does a demand curve for a monopoly differ from a demand curve for a perfectly competitive firm?

Because the monopolist is the sole company operating in the market, its demand curve is identical to the market demand curve, which is downward-sloping as opposed to the demand curve for a perfectly competitive firm.

Learn more about monopoly

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Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest c
ahrayia [7]

Answer:

Total cost= $172

Explanation:

Giving the following information:

guest check-in= $8 per guest check-in

room cleaning= $20 per room

meal service= $4 per served meal

Julie Washington visited the hotel for a 7-night stay. Julie had 6 meals in the hotel during the visit.

<u>To calculate the total cost, we need to use the following formula:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u></u>

guest check-in= 8*1= 8

room cleaning= 20*7= 140

meal service= 4*6= 24

Total cost= $172

4 0
3 years ago
Question 1 Saved
Nadusha1986 [10]

Answer: Businesses sell goods and services in product markets.

Explanation: Circular flow diagram shows the flow of goods and services from Firms to the Households and Factors of production from the Households to the Firms. The firms money from the sale of those goods and services and the households get factor payment.

Thus, Business are sell goods and services in product markets in a circular flow diagram.

3 0
4 years ago
A. Was Apple wrong for not complying with the FBI’s request?
NeX [460]
Yes they was wrong because what FBI says goes
5 0
3 years ago
The race to the bottom scenario of global environmental degradation is explained roughly like this:
DIA [1.3K]

Answer:

A. Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits.

D. self-sufficiency argument.

Explanation:

In the case when there is a race to the bottom scenario so it would be described that the multinational companies that are profit seeking is shifting their production from that countries who have the strong environmental standards to the weak standard countries so that the order would be decreased due to this the profit would increase

In the other case, when the nation is not too much depend on other countries for supplies so this case we called as self-sufficiency argument as they managed themselves rather depending on another

6 0
3 years ago
Read 2 more answers
The following information relates to Conejo Corporation for last year: Book value per share $ 40 Par value per share $ 12 Divide
Ede4ka [16]

Answer:

price earning ratio = 2

Explanation:

given data

Book value = $40 per share

Par value = $12 per share

Dividends =  $5 per share

Dividend payout ratio = 20 %  

Dividend yield ratio =  10 %

solution

first we get here market price per share by dividend yield ratio that is express as

dividend yield ratio = Dividends per share ÷ market price per share    ........................1

put here value we get

market price per share = \frac{5}{0.10}

market price per share = $50

and

now we get earning per share  by dividend payout ratio that is express as

dividend payout ratio  = dividend per share ÷  earning per share    .................................2

put here value we get

earning per share  = \frac{5}{0.20}

earning per share  = $25

so now we get here price earning ratio that is

price earning ratio = market price per share ÷ earning per share ..........................3

put here value we get

price earning ratio = \frac{50}{25}

price earning ratio = 2

4 0
3 years ago
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