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valina [46]
2 years ago
11

When a monopolist chooses the output that maximizes profits, we know that mr = mc and also that p > mr. this is inefficient b

ecause:_____.
Business
1 answer:
Maru [420]2 years ago
7 0

When a monopolist chooses the output that maximizes profits, we know that Mr = mc and also that p > Mr. This is inefficient because <u>the </u><u>monopolist</u><u> is the only </u><u>producer</u><u> in the market.</u>

<u />

A monopoly market is one where there is only one manufacturer in the market. Therefore, there are no competitors on the market. The monopolist is free to choose the market price of the product. Therefore, MR - MC and this P > MR theory are inefficient for monopoly markets.

<u />

A monopoly is an individual, group, or company that controls a market for goods or services. Monopolies often charge high prices for their goods. Antitrust Laws: Maintaining healthy competition in the market.

Learn more about monopoly here brainly.com/question/13113415

#SPJ4

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What is austin's mileage expense deduction (at the standard mileage rate) for his business as a personal trainer?
Ugo [173]

Answer:

$1,653

Explanation:

Austin can only file a mileage expense deduction for the miles he drives for business purposes; only 2,850 miles were driven for business purposes from his to the gym. Miles driven from your home to work or vice versa are not deductible.

to calculate the mileage expense we multiply the amount of qualifying miles times the standard deduction rate = 2,850 miles x $0.58 per mile = $1,653

3 0
3 years ago
Explain one difference between international and home trade
scZoUnD [109]

Answer:

Mobility of Labor and Capital: "One very important difference between home trade and international trade is that labor and capital are not so mobile between different countries as they are in their own countries."

Explanation:

hope this helps c:

6 0
3 years ago
Read 2 more answers
Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making
netineya [11]
First calculate the amount financed
Amount financed=725−50=675

The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44

Total of payments=675+98.44=773.44

Monthly payment is
773.44÷24=32.23

Hope it helps!

7 0
4 years ago
Read 2 more answers
The following is not an example of risk aversion a. ​Individuals tend to gamble more with their money when the future is uncerta
vodomira [7]

Answer:

The correct answer is letter "A": ​Individuals tend to gamble more with their money when the future is uncertain.

Explanation:

Risk aversion in Finance describes an investor who is just willing to accept a small level of risk on his investments. A risk-averse investor likes less risk and is prepared to accept fewer returns because of his choice. In a few words, risk aversion represents the likelihood investors prefer to secure their investments instead of risking more expecting higher returns.

Thus, <em>individuals gambling more when the future is uncertain reflects an opposite scenario to risk aversion.</em>

4 0
4 years ago
How much does a social worker make an hour?
Degger [83]
A social worker makes $21.35 a hour.
HOPE THIS HELPS YOU! ^_^
4 0
3 years ago
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