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gizmo_the_mogwai [7]
3 years ago
10

A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2

1 jackets. Assume the monopolist cannot price discriminate. When charging $ 100 per jacket, total revenue is
Business
1 answer:
tatiyna3 years ago
6 0

Answer:

The answer is $2,000

Explanation:

A monopolist is a single seller in the industry. A monopolist can influence the market price because he is the only one selling the product in the industry and has many buyers. Monopoly is an imperfect market and there are price discriminations in this market. A monopolist can charge different prices for different people.

We have first degree price discriminations, second degree price discriminations and third degree price discriminations.

Total revenue = selling price x units sold

Selling price is $100

Units sold is 20 jackets

Total revenue is therefore, $100 x 20 jackets

=$2,000

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DanielleElmas [232]

Answer:

▪︎Products and Services That Fit Your Needs.

▪︎Security for Your Money.

▪︎Convenient Access to Your Cash.

▪︎Minimal Fees.

Explanation:

3 0
2 years ago
Journalize the following transactions for Pharoah Company. (If no entry is required, select "No Entry" for the account titles an
alexandr1967 [171]

Answer:

Journalize the following transactions for Pharoah Company.

Explanation:

1.  

Supllies                             1050  

Cash                                  1050

5.  

Retained earnings              440  

dividen Payable                  440

7.  

Cash                            5800  

deferred revenue                 5800

16.  

Cash                             800  

Account receivable           800

33.  

Equipment                    3300  

cash                                    1250

Account  payable                   2050

6 0
2 years ago
Read 2 more answers
Equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straigh
kaheart [24]

Answer:

The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.

The depreciation for the first 2 years is 4000*2= 8,000

So the book value of the asset is 40,000-8000= 32,000

Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000

To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.

24,000/3= 8,000

The depreciation expense in year 3 would have been $8,000  

Explanation:

6 0
3 years ago
Cost-benefit analysis is similar to which of the following?
Juliette [100K]

sio lsupira et el odriai

7 0
3 years ago
Read 2 more answers
The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins
Tanya [424]

<u>Given:</u>

Total assets before journalizing and posting the adjusting = $128,800

Expired insurance = $800

Expired rent = $2,400

Depreciation = $900

<u>To find:</u>

Total assets after journalizing and posting the adjusting

<u>Solution:</u>

To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.

The calculation is as follows,

Total assets after journalizing and posting the adjusting

\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700

Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.

8 0
3 years ago
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