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3 years ago

When a competitive market comes under the control of a monopoly, the quantity and price change from:

Business

1 answer:

Katena32 [7]3 years ago

5 0

Answer:

Quantity from E to D.

Price from B to A

Explanation:

Firms maximise their profit by supplying at the point where marginal revenue equals marginal cost.

In a Perfect competition, the Demand curve is also the Average revenue as well as the Marginal Revenue curve. As such, the company will sell where the marginal cost curve intersects with the Demand curve which was at point E. The price will therefore be at point B.

When the firm comes under a monopoly, it will start to supply as a monopoly does. In the Monopoly, the Marginal revenue curve is less than the demand curve and so the point where the MC curve intersects with the MR curve is the quantity they will supply at. That point is D. The price will be where this quantity intersects the demand curve which is at point A

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Give an example of a case where a cost and a revenue function do not have a break-even point.

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An example of a case where a cost and revenue function do not have a break even point includes, when the profit margin is larger than the losses of the business.

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3 years ago

Read 2 more answers

Financial Calculations

vova2212 [387]

Answer:

$14

Explanation:

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2 years ago

After achieving a result, good managers invest time in reflecting on what went well and what could have gone better. They consid

BartSMP [9]

Answer: d. After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date

Explanation:

Efficiency is measurable and has to do with the ability to achieve a goal or get a result that's desired and avoid wastage of efforts or resources.

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3 years ago

Gagner Clinic purchases land for $150,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attor

tangare [24]

Answer:

B. $154,700

Explanation:

$150,000 + $1,500 + $1,000 + $2,200 = $154,700

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3 years ago

Willco Inc manufactures electronic parts. They are analyzing their monthly maintenance costs to determine the best way to budget

jeka94

Answer:

Fixed costs= $31,312

Explanation:

Giving the following information:

January 30,000 $61,946

February 40,000 $74,500

March 37,500 $65,900

April 39,000 $68,750

May 42,300 $74,000

June 35,000 $64,500

T<u>o calculate the fixed costs under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (74,500 - 61,946) / (42,300 - 30,000)

Variable cost per unit= $1.021

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 74,500 - (1.021*42,300)

Fixed costs= $31,312

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 61,946 - (1.021*30,000)

Fixed costs= $31,316

8 0

3 years ago