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Komok [63]
1 year ago
7

when a firm with market power produces less than the socially efficient level of output, there would be to society of producing

one more unit.
Business
1 answer:
Hoochie [10]1 year ago
6 0

A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

Learn more about market power here: brainly.com/question/16180053

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On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, w
Dmitriy789 [7]

Answer:

$6,666.67 and $10,000

Explanation:

The computation of the depreciation expense for the year 2017 and 2018 is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($88,000 - $8,000) ÷ (8 years)  

= ($80,000) ÷ (8 years)  

= $10,000

Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months

Therefore for the year 2017 the depreciation expense is

= $10,000 × 8 months ÷ 12 months

= $6,666.67

And, for the year 2018 the depreciation expense is same i.e $10,000

6 0
2 years ago
John was recently hired by Backstreet Books. At the beginning of the first day on the job, his store manager handed him a small
Lady_Fox [76]

Answer:

<u>compliance-based ethics.</u>

Explanation:

Compliance-based ethics can be defined as a set of rules and conduct for the actions of employees of a particular company to be based on compliance with the laws that regulate business. It is designed to prevent, detect and punish behavior that is not in accordance with a company's pre-established rules.

There are critics who believe that compliance-based ethical codes do not promote individual ethical ability, but rather enforce rules motivated by fear and punishment, as legality and ethics are complementary but not equal.

6 0
2 years ago
If a family spends its entire budget in a given time frame, the family can afford either 90 cans of vegetables or 60 frozen pizz
Alborosie

Answer:

60 frozen dinners is better

Explanation:

4 0
3 years ago
To balance columns, a _____ is inserted at the end of the text on a page.
Radda [10]
Salutations!

To balance columns, a _____ is inserted at the end of the text on a page.

To balance columns, a continuous section break is inserted at the end of the text on a page.

Hope I helped!
3 0
2 years ago
Those who work directly on the product to convert raw materials into a finished product are known as ____.
Mars2501 [29]

Answer:

Direct labor

Explanation:

Direct labor is the workers who converted the raw material into a finished product so that the finished product is ready for sale. The wages paid to the labor are classified in the direct labor itself.

It is specially allocated to the manufacturing process so that the product could be carried forward to the next level of the process and at the end the finished product is ready

7 0
3 years ago
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