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Firlakuza [10]
3 years ago
14

The government sets a price ceiling for a monopoly that is below the​ profit-maximizing price but above the level at which the​

monopolist's marginal cost curve intersects demand. at the​ firm's new​ profit-maximizing point, price is above average variable cost. as a result of the price​ ceiling, the monopolist will
Business
1 answer:
Goshia [24]3 years ago
8 0

As a result of the price​ ceiling, the monopolist will "produce more than the monopoly level of output ".


The monopolist's profit maximizing level of output is found by likening its marginal revenue with its marginal cost, which is a similar benefit maximizing condition that a splendidly focused firm uses to decide its equilibrium level of output.


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Charlotte needs to raise money for a charity benefit she is attending. At lunch, she asks her friend, Samantha, to attend the be
mrs_skeptik [129]

Answer: Foot in the door

Explanation:

A. In  Ingratiation one tries to influence the respondent by using flattery or compliments etc.

B. In  Door-in-the-Face technique the influencer first make a big request followed by a small one that the respondent will most likely accept.

C. In need satisfaction the influencer first try to understand the needs of the respondent and then make his move as per the observations made.

D. In foot in the door first a small request is made which the respondent will most likely accept and then the crucial request is presented before the respondent.

E. In Adaptive Selling the technique of changing behavior is used as per the changing requirements.

Hence, from the above we can conclude that Charlotte used foot in the door.

5 0
3 years ago
The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl
Phoenix [80]

Answer:

Dr retained earnings($21,600+$15,800) $37,400.00

Cr  accumulated depreciation                                         $21,600

Cr inventory                                                                       $15,800

Explanation:

The errors that require adjustment are the overstatement and understatement of depreciation expense as well as the December 2021 overstatement of inventory.

The understatement of inventory in 2020 would have self-corrected itself in 2021 since closing inventory in 2020 deducted from costs of goods available  for sale would be introduced as opening inventory in 2021.

net effect of depreciation=understatement -overstatement=$37,500-$15,900=$21,600.00

hence retained earnings would reduce by $21,600.00

for the overstatement of inventory,retained earnings would reduce by $15,800

5 0
3 years ago
Matt has developed a mathematical model for the film distribution company that employs him. the model will help in determining r
patriot [66]

I guess the correct answer is management science

Matt has developed a mathematical model for the film distribution company that employs him. The model will help in determining release dates and the desirable number of screens for new movies. This model is an application of management science.

8 0
3 years ago
The long-run aggregate supply curve would shift left if the amount of labor available
liq [111]

Answer:

The correct answer is option a.

Explanation:

The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.

A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.

So, option a is the correct answer.

8 0
4 years ago
What is the main determinant of profit
Alexxx [7]

Answer:

The main determinant of profit is in any business is the number of production units.

Hope this helps..

Explanation:

8 0
3 years ago
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