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Kamila [148]
3 years ago
11

The demand curve faced by a nondiscriminating pure monopoly is _____.

Business
1 answer:
seraphim [82]3 years ago
7 0

Answer: The same as the industry's demand curve

Explanation:

 The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.  

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Last year, wesson company sold 10,000 units of its only product. if sales increase by 12% in the current year, how will unit var
fredd [130]

Variable cost vary in direct proportion to business volume (quantity sold or quantity produced)

Fixed cost remain constant regardless of sales or manufacturing volume.

According to question if sales are increased by 1200 units.current year sale will be 11200 unit .

Suppose Wesson have a variable cost of $6 per unit and fixed cost of $1000.

Cost of 10000 units are :-

Variable cost is 60000(10000*6)

Fixed cost is 1000.

Cost of 11200 unit are :-

Variable cost is 67200(11200*6)

Fixed cost is 1000

So if sales are increased by 12%. Variable cost are increased by 12%(67200-60000). Fixed cost remain the same at 1000 regardless of sales increased

Therefore, 

Variable cost increases, Fixed cost remains constant. Answer is choice (e)

8 0
3 years ago
Read 2 more answers
3. The economic system that is found in a Socialistic political system is a: *
lara [203]

Answer:

Command Economy.

Explanation:

6 0
3 years ago
On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 90,0
tatiyna

Answer:

D) $600,000

Explanation:

The double-declining-balance method of depreciation = Depreciation factor x cost of asset

Depreciation factor = 2 x (1/useful life of the asset)

Depreciation factor = 2 / 5 = 0.4

Deprecation expense = 0.4 x $1,500,000 = $600,000

I hope my answer helps you

4 0
3 years ago
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Managerial economist estimates the price-quantity relationship for Textile Company to be p= 40-4q a. At what output rate demand
Sindrei [870]

Answer:

So unit elastic at q = 5

inelastic above 5

and elastic below 5

Explanation:

The elasticity is determianted by the marginal revenue.

Our first goal is to find the marginal revenue function

p = 40 - 4q

total revenue(TR)  =  quantity times price

q x (40 - 4q) = -4q^2 +40q

marginal revenue TR(q)/d(q)  = -8q + 40

Now, with this fuction the economic analisys states that a demand is unit elastic when marginal revenue is zero.

It will be inelastic below zero and elastic above zero

MR will be zero when q = 5

-8(5) + 40 = 0

As quantity increases the demand will be inelastic

while

3 0
3 years ago
Suppose you deposit ​$2 comma 5002,500 cash into your checking account. By how much will checking deposits in the banking system
algol13

Answer:

The change in checking deposit is equal to $22,727.27.

Explanation:

An amount of $2,500 is deposited in a checking account.

The required reserve ratio is 0.11 or 11%.

A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.

The change in the checking deposits will be

= \frac{1}{RR} \times amount deposited

= \frac{1}{0.11}\times \$ 2,500

= $22,727.27

3 0
3 years ago
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