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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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A resident being interviewed live by a television reporter stated that, "the biggest problem in this city is corruption in city

nataly862011 [7]

The defendant seeks to offer into evidence the fact that the mayor was convicted two years ago of taking a bribe to award a city contract for solid waste disposal. Yes, this is a documentary evidence and is admissible because the mayor is already proven convicted of corruption.

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3 years ago

Which two key considerations should be made to make sure the performance of the report is not degraded due to large data volume?

fgiga [73]

B. A number of joins used in report query.

C. A number of records returned by report query.

Explanation:

A report on the results of something is a survey. These are generated annually by government bodies that have to prove that the money was spent correctly and accurately, funded by public money.

Such reports should include metrics of success that assess the organization's accomplishments and its services. The statistics that, for instance, show the number of arrests, number of convictions by category of crime and the increase in crime rates for a police department.

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3 years ago

Loyal Pet Company expects to sell 7 comma 000 beefy dog treats in January and 5 comma 000 in February for $ 2.00 each. What will

marin [14]

Answer:

January:

Sales revenue= $14,000

February:

Sales revenue= $10,000

Explanation:

Giving the following information:

Sales:

January= 7,000 units

February= 5,000 units

Selling price= $2

The sales revenue reflected in the sales budget is the result of multiplying the number of units sold with the selling price.

January:

Sales revenue= 7,000*2= $14,000

February:

Sales revenue= 5,000*2= $10,000

3 0

3 years ago

Your coworker Charles is really concerned about a project that he has just been assigned. He is in charge of analyzing and deter

FromTheMoon [43]

Answer: Demand curve and demand schedule

Explanation:

The demand curve is a representation in graph that depicts the relationship that exist between the price of a commodity and its quantity demanded over period of time. Price is on the left vertical axis and the quantity demanded for the good is on the horizontal axis.

The demand curve is downward sloping from left to the right thereby explaining the law of demand that states that price and quantity demanded are inversely related i.e when the price of a good increases, the quantity demanded decreases and vice versa.

A demand schedule is a table that depicts the quantity demanded of commodities or service at different prices over a time period. The demand schedule is usually made up of two columns with the first column listing the price of a commodity and the second column listing the quantity demanded of the product.

6 0

3 years ago

A corporation declares and distributes a 20% stock dividend at a time when there are 10,000 shares outstanding (before the divid

quester [9]

Answer:

$40,000

Explanation:

Stock dividend is the payment of dividend to stockholder in the form of stock/shares of the company. Stock are issued at the market price and the value of the dividend is transferred from the retained earning to the add-in-capital accounts.

Dividend Value = 10,000 x 20% = 2,000 shares

Value is calculated using market value of the stock

Value of Dividend = 2,000 x $20 = $40,000

Par Value of Stocks = $1 x 2,000 = $2,000

Add-in-capital excess of par common stock = ($20-$1) x 2,000 = $38,000

Journal Entry will be as follow

Dr. Retained Earning $40,000

Cr. Common stock $2,000

Cr. Add-in-Capital excess of par common $38,000

8 0

3 years ago