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k0ka [10]
1 year ago
9

A monopolist's marginal cost curve shifts down, but the firm's demand curve remains the same. as a result of the fall in margina

l cost, the monopolist will _____ its price and _____ its output.
Business
1 answer:
qaws [65]1 year ago
4 0

A monopolist's marginal cost curve shifts down, but the firm's demand curve remains the same. as a result of the fall in marginal cost, the monopolist will raise its price and decrease its output.

<h3>What is marginal cost?</h3>

The difference between the total cost and the change in energy output is known as the marginal cost (MC) curve. The MC curve and the firm's supply curve are the same in totally competitive marketplaces.

Due to how the "law of changing proportions" operates in the near term, the marginal cost curve has a U-shaped shape. The law states that the MC curve initially slopes downward until it reaches its minimum point, at which time it begins to slope upward. As a result, when represented visually, the curve takes on the shape of a U.

Because a corporation seeking to maximize profits will only create until the marginal cost (MC) equals marginal income, marginal cost is a key concept in economic theory (MR). Beyond that, the cost of manufacturing a new item will be more than the profit made.

Although a monopolist's demand curve changes, its marginal cost curve stays the same. The monopolist will increase its price and cut back on production as a result of the decline in marginal cost.

To learn more about marginal cost refer to:

brainly.com/question/15570401

#SPJ4

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Local Co. has sales of $ 10.2 million and cost of sales of $ 5.7 million. Its​ selling, general and administrative expenses are
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Answer:

a. What is​ Local's gross​ margin? ​(Round to one decimal​ place.)

0.4412 / 44.12%

b. What is​ Local's operating​ margin? ​(Round to one decimal​ place.)

0.1618 / 16.18%

c. What is​ Local's net profit​ margin? ​​(Round to two decimal​ places.)

0.1049 / 10.49%

Explanation:

                                                  Local Co.

              Income Statement for the year ended MM DD, YY

                                                                            $, million

Sales                                                                         10.20

-Cost of sales                                                            <u> 5.70</u>

=Gross Income                                                          4.50

-Selling, general and administrative expenses      0.55

-Research and development                                    1.20

-Annual depreciation charges                                 <u> 1.10 </u>

=Operating Income                                                   1.65

-Tax rate of 35 %.                                                     <u> 0.58 </u>

=Net Income                                                             <u> </u><u>1.07 </u>

(a) Gross Margin = Gross Income / Sales = 4.50 / 10.20 = 0.4412 = 44.12%

(b) Operating Margin = Operating Profit / Sales = 1.65 / 10.20 =0.1618=16.18%

(c) Net Profit Margin = Net Income / Sales = 1.07 / 10.20 = 0.1049 = 10.49%

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