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IrinaK [193]
3 years ago
6

The social cost associated with the distortion in consumption from a monopoly price is called

Business
1 answer:
Oliga [24]3 years ago
4 0

This social cost is called deadweight loss or excess burden or allocative inefficiency. It is linked with the distortion in consumption resulting from monopolized pricing.  Deadweight loss<span> is the descent in overall surplus that results from a market distortion, like tax for example. In economics, it is defined as a damage in economic efficiency that can happen when equilibrium for an amenity is not attained or is considered unachievable</span>

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Bonita Corporation had net sales of $2,409,200 and interest revenue of $38,100 during 2020. Expenses for 2020 were cost of goods
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Answer:

net income: $ 451,010

EPS:             $           6.32 per share

Explanation:

net sales                   2,409,200

cost of good sold     (1,464,600)

gross profit:                  944,600

operating expenses:

selling expenses         (284,000)

operating income         660,600

non operating:

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interest expense           (54,400)

non operating expense (16,300)

earning before taxes:     644,300

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net income                      451,010

shares outstanding          71,390

Earning per share: 451,010/71,390 = 6,31755

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3 years ago
After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy
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Answer:

1-2%

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In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

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A global strategy allows for the markets in various countries to be part of the world market and competitive conditions across country markets to be strongly linked.

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