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
Over [174]
1 year ago
14

The demand and marginal revenue for a perfectly competitive firm are______, whereas the demand and marginal revenue for monopoli

sts are______.
Business
1 answer:
exis [7]1 year ago
8 0

The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward

<h3>What is meant by marginal revenue?</h3>

The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.

An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.

Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.

To learn more about marginal revenue refer to:

brainly.com/question/13444663

#SPJ4

You might be interested in
A college student purchased a car priced at $10,000. She paid $1,000 down and agreed to a monthly payment of $200 per month for
Fynjy0 [20]

Answer:

$10,600

Explanation:

The total amount that the students will pay will be the total of monthly installments plus the deposit

Deposit =$1000

total monthly installments = $200 x 48 = $9600

The total amount he will pay = $ 9600 +$1000

=$10,600

5 0
3 years ago
What does Pa think is too close to the Ingallses' house?
AlekseyPX
C a well cause it will always be closer
7 0
3 years ago
A portfolio consists of $13,400 in Stock M and $18,900 invested in Stock N. The expected return on these stocks is 8.50 percent
Aneli [31]

Answer:

The expected return on the portfolio is:

10.31% ($3,331.40)

Explanation:

a) Data and Calculations:

Portfolio investments:  Expected Returns %   Expected Returns $

Stock M = $13,400           8.50%                           $1,139

Stock N = $18,900          11.60%                           $2,192.40

Total        $32,300          10.31%                           $3,331.40

Total expected returns in percentage is Expected Returns $/Total Investments * 100

= $3,331.40/$32,300 * 100

= 10.31%

b) The expected returns on the portfolio is derived by calculating the expected returns for each investment and summing up.  Then dividing the expected portfolio returns by the portfolio investment.  This yields 10.31% percentage value.

3 0
3 years ago
Does fat and soap have the same density?and why?
umka21 [38]

Answer:

Soap is soluble in water, but fat is not. Fat has a melting point above 47C and soap has a melting point above 100C. Fat has a density of 0.92 g/cm3 and soap has a density of 0.84 g/cm3. These are all properties that make fat and soap different substances.

Explanation:

6 0
3 years ago
Andrew Flint is the CEO of a small, publicly held company based in Idaho Falls, Idaho. Flint earned $76,000 last year as CEO. In
Natasha2012 [34]

Answer:

D, Flint can simply write ot the SEC to voice his concerns.

Explanation:

Since Flint does not have a case that warrants a court challenge but rather an observation, Flint can simply write to the SEC to intimate them about his observations and/or findings, as well as let the SEC know the position of his company on the rule being proposed by it.

Cheers.

6 0
3 years ago
Other questions:
  • Rider Company is in the process of preparing it closing entries. It first closes its revenue accounts by crediting the Income Su
    11·1 answer
  • _____ refers to firms selling the right to use some aspect of their production processes, trademarks, or patents to individuals
    14·2 answers
  • Describe at least four ways you can take money out of a checking account
    11·2 answers
  • Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the
    11·1 answer
  • Four years ago, on January 1, California Creamery bought a new delivery truck for $30,000. The company planned to use the truck
    5·1 answer
  • Which of the following statements is true of globalization?
    9·1 answer
  • For the statements below select the appropriate terms from the given choices. 1. A revenue not yet recognized; collected in adva
    11·1 answer
  • Which of the following best illustrates the purpose of labor laws?
    6·1 answer
  • The difficulty of the ___________estimate is that the measure of remaining budget changes depending on whether you are currently
    10·1 answer
  • How personality affect on performance of company
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!