Answer:
Any movement which is caused by price will be along the demand curve and any other movement caused by non price factors will shift the demand curve.
1) A decrease in the number of consumers is a non price movement so the demand curve will shift leftwards because of it.
2) A change in taste of consumers making them desire more hot dogs is a non price movement and it will shift the demand curve to the right.
3) An increase in the price of hot dogs is a price movement and this will cause movement along the demand curve.
Explanation:
Answer:
The options for this question are the following:
a. marginal cost equals average revenue.
b. marginal revenue equals average cost.
c. average total cost equals average revenue.
d. marginal revenue equals marginal cost.
The correct answer is d. marginal revenue equals marginal cost.
Explanation:
The pure monopoly arises when there is a total absence of competition, due to independent entry barriers to the company's competitive capacity.
A single company offers a product that has homogeneous characteristics, which has no substitutes and for that reason has a large number of buyers. There are also economic, technological or legal barriers that prevent the entry of potential competitors. That is, there are barriers to entry.
In general, a monopoly situation occurs in the market when a single company controls the level of production and price of a product in the market. We could say that this single company has the ability to determine the price to be charged for that product and will have the power to decide the amount of production it will offer to the market.
Answer:
The lowest selling price Geneva should accept for this purchase order is $20 per unit
Explanation:
Geneva produced dolls with Variable manufacturing costs $20 per unit.
Geneva receives a purchase order to make 5,000 dolls as a one-time event and this order is during a period when Geneva does have sufficient excess capacity.
Fixed cost did not change and there was no Variable selling and administrative costs for this order.
The lowest selling price Geneva should accept for this purchase order = Variable manufacturing costs = $20 per unit
Answer:
Jenkins Manufacturing
Joe should produce using the new equipment.
Explanation:
a) Costs incurred using the old equipment:
Variable costs = $45,000 ($50 x 900)
Fixed costs = $40,000
Total costs = $85,000
Operating Loss = $22,000 ($63,000 - 85,000)
b) Costs incurred using the new equipment:
Variable costs = $22,500 ($25 x 900)
Fixed costs = $60,000
Total costs = $82,500
Operating Loss = $19,500 ($63,000 - 82,500)
Production using the new equipment would reduce the operating loss by $2,500.
Answer:
The answer is "50%"
Explanation:
Modify the state budget Act of 1974 to boost the FY in 1994 and 1995. It is the maximum federal debt quantity and also to set these other quantities for FY 1996 to 1998. Repudiates in the 1994 and 1995 boundaries on consumption spending.
In the Act of 1993, it modifies the 1986 active losses restrictions so, that it allowed rental damages from other revenues to also be deducted from persons who significantly participated such rental properties.
The person may allocate 50% to his time towards services rendered throughout a tax year from the business.
