The monopolist, like the perfect competitor, will maximize profits at the output where marginal revenue equals marginal cost.

1 answer:

6 0

When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.

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Monopolistic competition means:

rjkz [21]

Answer: Option C

Explanation: In a monopolistic competition market structure, there are many producers selling their products and each product is not a perfect substitute of the other.

The number of producers are large but each operate at a relatively smaller level. The products offered in the market are similar but not identical.

Hence, from the above explanation we can conclude that option C is correct.

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Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is

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Answer:

$91 favorable

Explanation:

Variable overhead rate variance = (Standard variable overhead rate - Actual variable overhead rate) * Actual hour worked

Therefore, we have:

Variable overhead rate variance = ($8.00 - $7.90) * 910 = $91 favorable

Note: the variable overhead rate variance is said to be favorable becasue standard variable overhead rate is geater than the actual variable overhead rate.

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As ________blank, pioneers have the advantage of creating a new market or product category, establishing a commanding initial ma

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As first movers, pioneers have the advantage of creating a new market or product category, therefore establishing a commanding initial market share lead.

The major benefit of being a first mover om a new market or product category is the opportunity to build impactful brand awareness and customer loyalty. That way, first movers can easily dominate the market or product category and maximize early sales, gaining an upper hand against their rivals. They can also adjust their good or service quality as well as refine their marketing strategy with the additional time they get before rivals start to enter the market.

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Ai biết câu trả lời thì giúp mình với

uranmaximum [27]

What? Uhhhhhhhhhhhhhhh

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2 years ago

An employee stock ownership plan denies employees the right to participate in votes by shareholders even if the stock is registe

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Answer:False

Explanation:

Employee stock ownership plan is a plan aimed at benefiting Employees of a company by giving them the power to own certain parts of the company thorough the purchase of stocks. Employee stock ownership has been promoted by many corporations in order to ensure that the workers are motivated and encouraged to to see themselves as part owners of the company.

EMPLOYEE STOCK OWNERSHIP PLAN DOES NOT PREVENT EMPLOYEE WHO OWN STOCKS FROM PARTICIPATING IN THE VOTING PROCESS DURING ELECTIONS TO CHANGE BOARD MEMBERS.

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