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levacccp [35]
3 years ago
14

Suppose that for a monopoly average total cost is $35, marginal cost is $30, and marginal revenue is $35 with a selling price of

$40. To maximize profits, the monopoly should A decrease both output and price. B increase output but decrease price. C increase both output and price. D decrease output but increase price.
Business
1 answer:
chubhunter [2.5K]3 years ago
8 0

Answer:

C increase both output and price.

Explanation:

A monopolist respond to an increase in demand by increasing output and price.

In the given case, Marginal revenue is greater than marginal cost at those levels of output produced and the firm can make higher profits by increasing number of output. A monopolist can determine its profit maximizing price by analysing the marginal revenue and marginal cost of producing extra unit of output.

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A sports nutrition company created an energy drink which they think improves athletic performance. In one study, weightlifters w
Len [333]

Answer:

C.

Explanation:

Based on the study being described it is not a valid claim because the stronger athletes were likely to drink the new sports drink whereas the weaker athletes were likely to drink flavored water. The companies need to sample athletes that are able to consistently lift a maximum of the same amount of weight. Once they have these participants they can then start the experiment. That way they know that the athletes are all on par with each other and if one is able to lift more than the other because they drank the energy drink they can isolate the drink as a cause.

4 0
3 years ago
is a system of individuals and institutions, instruments and procedures that bring together borrowers and savers and facilitate
Reptile [31]

Answer:

Financial market

Explanation:

Financial market- it is that market place where market like stock, bond, Forex etc are trading. it is responsible for proper functioning of capitalist economies.

the different type of financial market is given below

1) stock

2) Bond

3) foreign exchange

4) commodities

it is like a new resource that provide easy return for those who want to invest their extra income.

6 0
4 years ago
After visiting several automobile dealerships, Richard selects the car he wants. He likes its $10,500 price, but financing throu
Len [333]

Answer:

a) Total Interest Paid in 24 months is $1680

b) Total Cost of the car is $12180

c) Monthly Payment is $420

d) Annual Percentage Rate  is 10.47%

Explanation:

(a) Loan Amount = $8400

Interest Rate = 10%

Monthly Interest = 8400 x (10%/12)

                            = $70

Total Interest Paid in 24 months = 24 x 70

                                                     = $1680

(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment

                                       = 8400 + 1680 + 2100

                                        = $12180

(c) Monthly Principal Payment = 8400/24

                                                  = $350

Monthly Payment = Monthly Interest Payment + Monthly Principal Payment

                              = 70 + 35

                              = $420

(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1

                                              = 0.1047

                                               = 10.47%

7 0
3 years ago
10 POINTS, IF GIVEN THE RIGHT ANSWER I'LL MARK YOU AS BRAINLIEST
olasank [31]

Answer:

(A) a power company needing solar panels

(B) a local fresh market a business working with trained animals

(C) a person buying large quantity of wheat

Explanation:

The Agriculture, Food, and Natural Resources career cluster. Gives a workpath that specializes in areas covering natural resources conservation and improvement. (See image attached.) Image taken from Nebraska University Career cluster description

6 0
3 years ago
Read 2 more answers
Using the following data, develop an allowance percentage for a job element that requires the worker to lift a weight of 30 poun
Volgvan

Answer:

While estimating standard time of doing a job, some extra allowances are provided on the basis of nature of work. In this connection, different factors, like monotony, light, awkwardness, muscular force required etc. are taken into consideration. Calculation of this allowance is shown below:

  1. Personal allowance is a basic allowance. It has been allowed for all jobs. It is fixed at 5%
  2. Basic Fatigue allowance of 4% is also common. It is allowed in all jobs.
  3. Standing: 0% allowance is required for standing in a slightly awkward position and further it will increase on the basis of awkwardness.
  4. Lifting: Any work requiring muscular or force energy will be provided lifting allowance. It will vary on the basis of weight lifted. Here 25 lbs. weight has been lifted. Hence, 4% lifting allowance has been provided.
  5. Bad light: It is available only when light is well below the recommended level. Here light is slightly below the recommended level. Hence, 0% allowance is required for in light that is slightly below recommended standards.
  6. Noise level: A continuous noise is common in production activities. For intermittent loud noises occurring a 2% allowance is provided.
  7. Monotony: As the monotony for the element is low for this work. No extra allowance is required. 0% is required for low monotony.

7 0
3 years ago
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