1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dem82 [27]
3 years ago
7

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a

profit-maximizing pure monopoly occurs where a. marginal cost equals average revenue.b. marginal revenue equals average cost.c. average total cost equals average revenue.d. marginal revenue equals marginal cost.
Business
1 answer:
irga5000 [103]3 years ago
3 0

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

You might be interested in
Living Wages - This is the topic of debate. I am looking for a help on two things. How to write the paper and how to prepare the
vazorg [7]

Answer:

the answer is as follows

Explanation:

First of defining real wages is a cumbersome process. The living wage calculator developed by MIT professor Amy Glasemeier in 2004 eased the way a little but that too has it's issues.

The paper you are trying to write should start with this that how the idea of living wages is in itself difficult to be adopted as it is. Second the free market approach has been more successful in the economic history and a lot of evidence and data is available on that. The analysis that your paper will develop should outline the concerns that mainstream economists have regarding living wages and support it with some actual data.

The presentation would be rather easy after writing the paper. Which will include some graphs and data and some scholarly citations and it should work.

3 0
3 years ago
Who is the main character in the hatchet
jeka94
The main character is Brian
8 0
3 years ago
Wilmington Company reported pretax income of $25,000 during 2018 and $30,000 during 2019. Later it was discovered that the endin
Vika [28.1K]

Answer:

$28,000

Explanation:

When closing inventory is understated during an year, it would lead to understated profits during the year i.e understated net income for the year 2018.

So, correct pre tax income for 2018 would be,

= reported pre tax income + the amount by which closing inventory was understated

= $25,000 + $2000 = $27000

Now, since the same closing inventory would become the opening inventory for 2019, this means,  the opening inventory for 2019 was understated.

When opening inventory is understated, it would lead to inflated net income for the year 2019. Thus, the extent by which the inventory has been understated has to be reduced from the reported pre tax profits for the year 2019.

Hence, correct pre tax income for 2019 would be,

= $30,000 - $2000 = $28000

6 0
3 years ago
The current price of the Volkswagen ADR (VWAGY) is 35.50. You purchase 50 shares on margin. You finance half of the purchase you
Zinaida [17]

Answer:

33.77%

Explanation:

In one year, you are going to receive ($42 x 100) + ($0.56 x 100) = $4,256

you must return ($35.50 x 50) = $1,775

plus interests = $1,775 x 6% = $106.50

total return = $4,256 - $1,775 - $106.50 = $2,374.50

you invested $1,775

return on your investment = ($2,374.50 / $1,775) - 1 = 33.77%

5 0
3 years ago
The woodshop, a local cable show, ran through the process of identifying its competitive advantages by using a perceptual map to
AnnZ [28]

Answer:

  • communicate and deliver its positioning strategy
  • define its positioning strategy

Explanation:

The wood shop company after identifying competitive advantage, they need to define their positioning strategy it will help them to learn about the market, customers and their competitors. After clearly understanding their positioning, they must communicate and understand the market dynamics to attain short-term and long term growth.

6 0
3 years ago
Other questions:
  • 1. Which of the following best explains why zoos are not affected by the threats of new entrants?
    9·1 answer
  • You are thinking of building a new machine that will save you $ 2 comma 000 in the first year. The machine will then begin to we
    9·1 answer
  • Nick and Teresa are debating the pricing strategy of several airlines. Nick argues, "When airlines restrict discounted tickets t
    8·1 answer
  • Oscar has negotiated a lease for his sporting goods store in which he is required to pay $2,500 per month in rent. Oscar pays hi
    11·1 answer
  • With a​ downward-sloping demand​ curve, average revenue is equal to price A. because the firm must lower its price to sell addit
    14·1 answer
  • Which investment type typically carries the least risk
    8·2 answers
  • Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's
    11·1 answer
  • You have been managing a $3 million portfolio. The portfolio has a beta of 1.10 and a required rate of return of 10%. The curren
    11·1 answer
  • Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for
    13·1 answer
  • If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!