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4 years ago

14

If there is a lack of competition in a market, a market failure results because the quantity of goods sold is ___ than the optim

al level while prices are ___ than the optimal level.

1 answer:

scoundrel [369]4 years ago

8 0

Goods sold is lower because less competition and then they price it higher because consumers don't have options.

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BMC is considering upgrading the sound systems in their theaters so that their patrons can get the full experience from surround

Luda [366]

Answer:

Fixed cost = $50,000

Marginal costs= $10,000

Explanation:

The costs of upgrading 12 screens = $170,000

The cost of upgrading 6 screens = $110,000

The difference between 12 screens At $170,000 and 6 screens at $110,000 represents the variable cost of 6 screens (12 - 6)

=$170,000 - $110,000 = 60,000

Variable costs for 6 screens = $60,000

Variable costs per screen = $60,000/ 6

=$10,000

Its cost $170,000 to upgrade 12 screens. variable costs per screen = $10,000

Fixed costs = $170,000 -( $10,000 x 12)

Fixed costs= $170,000 -$120,000

Fixed costs= $50,000

Marginal cost is the cost of upgrading one more screen, which is equivalent to variable costs for one screen

=$10,000

6 0

3 years ago

A paint manufacturing company produces three paint bases of differing quality. Due to throughput limitations (measured in gallon

Tems11 [23]

Answer:

c. The contribution margin per gallon of throughput for each product

Explanation:

contribution margin per gallon = Revenue per gallon - variable cost per gallon.

Contribution margin would enable the company to know the amount each product earns in excess after variable cost has been subtracted from revenue.

the product with the highest contribution margin should be considered.

8 0

3 years ago

Albert is looking for his first-ever summer job. Eleanor was laid off from the gold mine where she worked because of the decreas

Pani-rosa [81]

True , Cyclical unemployment can be negative.

Explanation:

Cyclical unemployment may be negative as well — when the economy hits its productivity and will be in the economic growth cycle process (works outside its PPC), then cyclical unemployment will be negative. The current unemployment rate is below the standard rate of unemployment.

The given statements are different in each scenario.

There are three elements of employment:

• Structural unemployment, which happens when Jobless people are also not qualified to work

• Frictional unemployment, due to the time needed to find one another by job-seekers and accessible employers

• Cyclical unemployment, because of the status of the business cycle unemployment

8 0

3 years ago

On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin

borishaifa [10]

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

patent of Grand heaven

<u> debit credit </u>

36,000 recognize at purchase

4,000 december 31th amortization

32,000 balance.

5 0

3 years ago

Are now the largest single component of the supply side of gdp, representing over half of gdp.

saveliy_v [14]

Services are now the largest single component of the supply side of gdp, representing over half of gdp.

4 0

3 years ago

Read 2 more answers