A. what is the monopolist's profit- maximizing output? 5000 units. The point of intersection of MR and MC or when MR= MC. And when the line is extended on to the demand curve it gives the profit maximizing out put for a monopolist
Answer:
leading
Explanation:
Leading is one of the critical function of management that determine direction and motivation to the employee for achieve organizational goal. The leader is important in this function to keep employee engaging, motivated and participative in achieve organizational objective. Leaders should lead by example to influence others.
In the given case, Johannna Reid as a leader is trying to motivate and showing direction to achieve targets of project.
Answer:
Journal entry to record Stein's purchase of the partners' interest.
Dr. Cr
Cash $10,000
Stein Capital $10,000
Explanation:
Admission of new partner in the partnership will not effect the balance of other partners. It will effect the percentage share between the partners only
Answer:
This problem requires us tell how much is owed after 1 year, 3 years, 7 years, and 20 years. This can be calculated using simple compounding formula given below.
Liability after 1 year
DF = $ 325 (1+4%)^1 = $ 338
Liability after 3 year
DF = $ 325 (1+4%)^3 = $ 366
Liability after 7 year
DF = $ 325 (1+4%)^7 = $ 428
Liability after 20 year
DF = $ 325 (1+4%)^20 = $ 712
Answer:
c
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A price maker is a seller that sets the price for its goods and services. A monopoly and a monopolistic competition are price makers
