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3 years ago

In monopolistic competition, what effect do price variations generally have on the market as a whole

Business

1 answer:

irinina [24]3 years ago

4 0

In monopolistic competition, what effect do price variations generally have on the market as a whole?

It's no effect.

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A company purchased a machine for $190,000. The machine has an estimated useful life of 8 years and a salvage value of $10,000.

Fittoniya [83]

Answer:

$108,400

Explanation:

The computation of the net book value of the machine at the end of the second year is shown below:

But before that the accumulated depreciation would be determined

For first year, the depreciation expense is

= ($190,000 - $10,000) × 15,000 ÷ 75,000

= $36,000

For the second year, the depreciation expense is

= ($190,000 - $10,000) × 19,000 ÷ 75,000

= $45,600

Now the net book value is

= $190,000 - $36,000 - $45,600

= $108,400

5 0

2 years ago

Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: pollution should

Andreyy89

Answer:

The correct answer is c) pollution should be eliminated as long as the benefit from the cleanup exceeds the opportunity costs.

Explanation:

The opportunity cost is presented in situations where there are two or more good options, so the company must choose the option with more benefits leaving the second one that is known as the opportunity cost. The opportunity cost must have lower profits than the option selected.

For example, in the case of the pollution of a lake, the economist concluded that the elimination of pollution should be chosen if the benefit is more significant than the second-best option.

I hope this information can help you.

4 0

3 years ago

Two-year-old sarah's parents are trying to get her to go to bed each night at 7:00. on the first 3 nights of this new regimen, s

Rufina [12.5K]

The crying will be more difficult to control if they do not stick to a consistent reinforcement plan.

The partial reinforcement effect says resistance to learning is greater when the good/bad behavior is only reinforced part of the time.

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3 years ago

Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh

prisoha [69]

Starting a new business requires through and careful planning, which takes all aspects of the business into consideration. Funds for starting the business must also be available and the entrepreneur must be very disciplined and ready to put in a lot of work in order for the business to succeed.
Any step that will result in the eventual failure of the business is not a good step to take. At the early days of the new business especially, care must be taken not to take any step that will put the finances of the business in jeopardy.

3 0

3 years ago

Read 2 more answers

The monopoly maximizes profit by setting a. price equal to marginal revenue. b. marginal revenue equal to marginal cost. c. pric

Ksenya-84 [330]

(C) price equal to marginal cost.

Monopoly is a market condition with only one seller of a product where there is barriers to entry of others and presence of no substitutes.

The level of profit is maximised in a monopoly when the marginal cost equal the marginal revenue. They choose an output and price certainly without exceeding the marginal revenue. The price is greater than average revenue of the production and get the profit maximise output.

In case monopoly quantity will be lower and the price will be higher than that of a competitive firm. Marginal revenue can only be zero when the production falls or not have been started yet.

To learn more about monopoly here,

brainly.com/question/5992626

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3 0

2 years ago