The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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Answer:
The right alternative is Option b (Role of...............................shareholders only).
Explanation:
- As per another invisible hand mode of philosophy, the business serves a wider community unless it serves its institutional investors.
- Whenever the company makes money, the stockholders seem to be effective as well as the organization would be likely to succeed even though the organization across the financial institution seems to have an increased amount of unemployment.
Other selections are not comparable to just the example throughout the question. Therefore this option seems to be the appropriate one.
The answer is C, savings and loan institutions
Answer:
Cornea Company
Income Statements For Years Ended December 31
2019 2018
Amount Percent Amount Percent
Fees earned $680,000 100% $576,000 100%
Operating expenses <u>$482,800</u> 71% <u>$420,480</u> 73%
Operating income <u>$197,200</u> <u>29%</u> <u>$155,520</u> <u>27%</u>
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Operating expense working
2019= 482,800/680,000 * 100/1= 71% = 0.71
2018= 420,480/576,000 * 100/1= 73% = 0.73
Operating Income working
2019= 1 - 0.71 = 0.29 = 29%
2018= 1 - 0.73 = 0.27= 27%
A monopoly is a market for a good or service that wants to take over another company.
