Answer:
B) $6 per unit, and the monopolist earns economic profits of $3,000 per month
Explanation:
The monopolistic market maximize their profit at the point on which marginal cost = marginal revenue.
If this is the maximizing profit point, and marginal cost is 6, then marginal revenue will be $6
The profit will be the difference between total revenue and total cost:
consumers pay up to 8 per units and the output is 1,000 units
8 x 1,000 = 8,000 total revenue
Then, average cost is $5 so we multiply this by the unit output to calculate the total cost.
5 x 1,000 = 5,000 total cost
last step, revenue - total cost
8,000 - 5,000 = 3,000
Answer:
Products D and E should be processed further while product F should be sold at the split off point
Explanation:
Product D E F
$ $ $
Sales at the split off point 10.30 11.40 19.80
Sales after split off point <u>14.90 15.80 22.20</u>
Additional sales per unit 4.6 4.4 2.4
Units sold(units) <u> ×4540 × 6,410 ×1750
</u>
Additional sales revenue 20,884 28204 4200
Further processing cost <u>(14,824)</u> <u>(20,554)</u> <u> (7,520)</u>
Incremental income or (loss) <u>6,060 </u> <u> 7,650</u> <u> (3320
)</u>
Products D and E should be processed further while product F should be sold at the split off point
Increasing the compensation to that stakeholder group.
Answer:
8 years
Explanation:
the rule of 72 calculates how long it takes for an amount to double given interest rate
72 / 9% = 8 years
The elements of the gap in the London hotel luxury market are airport hotels, business hotels, suite hotels and resorts etc.
<h3>What elements in the London hotel luxury market?</h3>
The world luxury hotel market center is mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco-hotel and serviced apartments). The fashion agency is trying to enter China's booming luxury market.
The emotional relation between luxury hospitality and creating that 'home-from-home' feeling that is linked to the result, the service, and the people. Together they generate a guest experience that is special to the brand and the property. Luxury hotels should have at least one full-service, Michelin-starred restaurant, and ideally more than one.
So we can conclude that the luxury market is a market for expensive goods that are not required but are bought for contentment.
Learn more about luxury hotels here: brainly.com/question/17329032
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