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Lunna [17]
3 years ago
7

The marginal revenue curve of a single price monopolist a. Lies below the demand curve b. Lies above the demand curve c. Is a ho

rizontal line d. Lies along the demand curve
Business
1 answer:
gtnhenbr [62]3 years ago
6 0

Answer:

The correct answer is option a.

Explanation:

A monopoly firm is a price maker. It faces a downward-sloping demand curve.

The marginal revenue curve is also downward sloping.  

The profit is maximized at the point where marginal revenue earned is equal to the marginal cost incurred.

The marginal revenue curve lies below the demand or average revenue curve.  

So, option a is the correct answer.  

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Answer:

Note: The full question is attached as picture below

                               (a)                   (b)                   (c)  

                                In                                      Larger  

                            Balance      Difference       column

1.                               No               $725             Debit  

2.                             Yes                 NA                NA  

3.                              Yes                 NA                NA  

4.                               No               $225            Credit  

5.                              Yes               $684               NA  

6.                               No                $45             Credit

7 0
3 years ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
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brilliants [131]
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2. Discuss the projects by giving them the all the options that would benefit them rather than creating damage to their livelihood. Organize meetings and open forum.
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8 0
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Dave is a handsome and famous celebrity. he has been dating gabriela, a beautiful and popular actress, for the past two months,
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4 0
3 years ago
Suppose that the price of corn is above its equilibrium price. You would expect to see:________.
alisha [4.7K]

Answer:

D

Explanation:

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Quantity supplied would also increase as a result of the high price. The fall in quantity demanded coupled with the rise in quantity supplied would lead to a surplus. Due to the surplus, sellers would reduce price until price falls to equilibrium price

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