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masya89 [10]
3 years ago
9

6) For the monopolist, marginal revenue is always less than the price of the good.7. The monopolist chooses the quantity of outp

ut at which marginal revenue equals marginal cost and then uses the demand curve to find the price that will induce consumers to buy that quantity.
Business
1 answer:
777dan777 [17]3 years ago
8 0

Answer:

Monopolist : Output at MR = MC; corresponding point at demand (AR) curve gives price.

Explanation:

Monopoly is a market structure having a single seller.

Monopolies have usual downward sloping demand curve, depicting price - demand inverse relationship. This 'falling price' case also makes monopoly Marginal Revenue curve usually lie down below its demand i.e Average Revenue Curve. Marginal cost is usually U shaped.

Monopoly producer chooses its equilibrium production quantity where : Marginal Revenue = Marginal Cost. The equilibrium price is determined at the price of corresponding equilibrium output, on the demand (average revenue) curve.

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4 0
2 years ago
Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss
Greeley [361]

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

                                                                 Millions

1. Net Income                                                65

<u>Add Non Cash Deductions</u>

2. Depreciation                                             5.5

3. Loss on sale of Equipment                       1.5

<u>Add / (Less) the increase or </u>

<u>decrease in current Assets or </u>

<u>liabilities</u>

4. Increase in Trade Receivables                (2.5)

5. Increase in Trade Payables                      3.5

6. Increase in inventory                               <u> (4.5) </u>

Net Cash Flows from operating activities $68.5

4 0
3 years ago
After a recession when the economy starts to expand again, firms tend to?
labwork [276]

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6 0
2 years ago
PLEASE ANSWER THIS:
natita [175]

Answer:

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4 0
3 years ago
What is a Capital Gain on an investment?
alex41 [277]

Answer:

B and C are the same, and none of the answers are correct

Explanation:

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eg if you bought stock for $100 and sold it for $200, you'd have a capital gain of $100 (200-100)

5 0
3 years ago
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