Answer: $42,000
Explanation:
The total cost of Assembly is $168,000.
This is for the machine hours spent on both Antique and Modern clocks of:
= 3,600 + 1,200
= 4,800 hours
Modern clocks assembly costs would be:
= Modern clock machine hours / Total machine hours on assembly * Cost of assembly
= 1,200 / 4,800 * 168,000
= $42,000
Answer: It could limit how much the company charges customers.
It could insist a company get approval before making certain decisions.
A natural monopoly refers to a situation when one firm can cater to the entire market demand for a product. A natural monopoly can exist in an industry in because of high start-up costs, certain unique raw materials or processes or technologies that are required to run a business. In a natural monopoly, there is only one firm that benefits from very large economies of scale.
A government intervenes or regulates a natural monopoly primarily in order to protect consumer interests.
A natural monopoly has the power to raise the prices of its products as per its wish, since it is the only supplier of the product. Hence the government looks into the cost history of the firm and fixes regulation. The government can also set a price that a firm can exceed over a fixed period of time. This is known as a price cap regulation.
It is assumed that the natural monopoly will function in an economically rational manner. However, the government can insist that the natural monopoly get its approval before making certain decisions. This may occur due to a decision to decrease the quantity of goods produced.
Answer:
c. increases
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
The production possibility frontier is graph that shows the two combinations of goods that an economy can produce given its resocurces.
As the production of donuts increases, the amount of beers that would be forgone in order to increase production of donuts rises.
I hope my answer helps you
Answer:
Qualifying widow(er); $24,400.
Explanation:
If she has a dependent child and has not remarried until two years after her husband's death, she can file as Qualifying Widow (Widower) with Dependent Child.
