If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.
<h3>Who is a
monopolist?</h3>
monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.
It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .
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Answer:
<em>16,800 dollars.</em>
Explanation:
<em>Overhead rate predetermined at availability.
</em>
= Approximate overhead processing times / Capacity machine hours.
= $33,600 / 24,000.
= $1.4 per hour on machine.
<em>Cost of Resources not used.
</em>
= (Machine hours at capacity - Actual machine hours) x Overhead speed estimated at load.
= ( 24,000 - 12,000) x $1.4.
= 16,800 dollars.
Answer:
The non-income factor for a potential job which would influence a person who needs to be available to drive children to and from school and activities is:
O Independence.
Explanation:
Independence, obtained through as a self-employed person or as an independent contractor, enables the worker to be available to drive her children to and from school and their various school-related activities. The working hours of a self-employed person or an independent contractor are largely self-determined. She can also choose appropriate location for her business office.
Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.
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