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
umka21 [38]
3 years ago
6

When a monopolist switches from charging a single price to perfect price discrimination, it reduces the quantity produced. the f

irm's profit. consumer surplus. total surplus?
Business
1 answer:
DerKrebs [107]3 years ago
7 0
<span>When a monopolist switches from charging a single price to perfect price discrimination, it reduces the consumer surplus.  Consumer surplus is defined as the difference between what a consumer believes they should pay for a good or service and the total amount that they actually do pay. The amount they pay is known as the market price and what they are willing to pay is noted on the demand curve. </span>
You might be interested in
Franklin Manufacturing provided the following information for the month ended March​ 31: Sales Revenue $ 15 comma 000 Beginning
klasskru [66]

Answer:

B. $ 17 comma 100

Explanation:

The movements in inventory account is usually as a result of purchases, sales, returns etc. These are the factors that bring about a difference between the opening and closing balances in the inventory account.

Given that

Beginning Finished Goods Inventory = $14000

Ending Finished Goods Inventory = $14500

Cost of Goods Manufactured = $17600

Sales revenue = $15000

Let the cost of goods sold be B

$14000 + $17600 - B = $14500

B = $14000 + $17600 - $14500

B = $17100

The cost of goods sold is $17100

7 0
3 years ago
Paula's Perfumes has a target profit of $4,000 per month. Perfume sells for $15.00 per bottle and variable costs are $13.50 per
aivan3 [116]

Answer:

4,800 bottles

Explanation:

The formula to compute the number of bottles sold is shown below:

= (Fixed cost + target profit) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $15 - $13.50

= $1.50

So, the number of bottles sold equal to

= ($3,200 + $4,000) ÷ ($1.50)

= 4,800 bottles

6 0
3 years ago
In order to produce a new product, a firm must lease new equipment. The managers feel that they can sell 10,000 units per year a
kogti [31]

Answer:

The most the firm can spend to lease the new equipment without losing money=$75,000

Explanation:

The point at which the revenue in terms of sales equals the cost is the break-even point. This can be expressed as;

R=C

where;

R=revenue from sales

C=cost

And;

R=P×N

where;

R=revenue from sales

P=price per unit

N=number of units

In our case;

P=$7.5 per unit

N=10,000 units

replacing;

R=7.5×10,000=$75,000

Total revenue from sales=$75,000

C=p×n

where;

p=cost per unit

n=number of units

In our case;

p=$5

n=unknown

replacing;

C=5×n=5 n

At break-even point, R=C;

5 n=75,000

n=75,000/5=15,000

The break-even cost=5×15,000=$75,000

The most the firm can spend to lease the new equipment without losing money=$75,000

5 0
3 years ago
PB9.
Drupady [299]

Answer:

transferred out  = 1550 units

Explanation:

given data

beginning WIP inventory = 600 units

received = 1,500 units

end of month with process =  550 units

to find out

transferred out

solution

we get here transferred out by the given equation that is

Units in Work in process at the end of the month = Beginning WIP inventory + Units receive or started - transferred out   ..................1

put here value we will get

550 = 600 + 1500 - transferred out  

transferred out  = 1550 units

5 0
3 years ago
The banking system in the united states is a dual banking system with both state and ___________ banks.
Viktor [21]
The answer is probably national
6 0
3 years ago
Read 2 more answers
Other questions:
  • Every month Sam Tabor is assigned a different job at Russo &amp; Daughters Financial Consulting. Sam enjoys the task variety and
    9·1 answer
  • In the context of doing business in Asia, what is meant by the phrase "the contract is in the relationship, not on the paper"?
    13·2 answers
  • In December 2012, Eric hires a band to play at a huge graduation party he is planning to hold in May, 2014. The deal is never pu
    9·1 answer
  • A hair salon offers three services: haircuts, color treatment, and styling. the salon charges $40 for a cut, $65 for color, and
    13·2 answers
  • a customer holds 1000 shares of abc stock valued at 80 in a margin account. the debit balance in the account is 35000. abc decla
    14·1 answer
  • brian earned $14,000 last spring giving swimming lessons. He invested part of the money at 5% simple interest &amp; the rest at
    9·1 answer
  • The interest rate does not affect the intertemporal budget constraint.<br> a. True<br> b. False
    9·1 answer
  • Find the accumulated value of $ 740 at the end of 7 years using a nominal annual rate of interest of 6 % compounded quarterly.
    6·1 answer
  • A recent regulation enacted by the Commission for Protective Trade Measures in Russia limits the amount of poultry meat that can
    5·1 answer
  • _________ _________ is often solved with the broker representing both sides designating a separate agent for both buyer and sell
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!