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3 years ago

Below is a demand curve for DVDs for a monopoly currently producing at point

2 answers:

4 0

The decrease is a simple 2 dollars that is easy to find out. The demand is decreasing, as is the price to keep the demand atleast a bit steady. The decrease is a 12.5% of the total cash recieved.

choli [55]3 years ago

3 0

The question is incomplete. The complete question could be found here: https://www.coursehero.com/tutors-problems/Microeconomics/19335633-Hi-please-help-me-answer-these-economic-questions-on-elasticity-tax/

Answer:

The change in revenue is (14-16)*$200= -$400. The change in revenue that results just from the increased quantity at $14 is 1400. The overall net effect of this price decrease on the firm's total revenue is (14*300-16*200) = 1000. The price elasticity of demand is elastic.

Explanation:

Price effect is commonly referred to as the influence of a price/value change on the demand for goods and services. On the other hand, in the presence of a price decrease or increase, the quantity of goods and services sold are altered. The price elasticity of demand is normally used to show the effects of only price on goods and services. The answers to the questions using the graph provided are shown above.

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Managers will utilize __________ skills with increasing frequency as they rise within an organization.

Nastasia [14]

E. Conceptual and decision

The Internal auditor is the person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate.

Internal audit within the company is not only done to review operating and accounting control procedures but to recommend ways that will further operation and accounting control within the company.

7 0

3 years ago

On January 1, 2018, Lumos Company purchased a machine for $70,200. Lumos uses straight-line depreciation and estimates an eight-

jeka94

Answer:

Gain= $4,200

Explanation:

Giving the following information:

Purchase price (2018)= $70,200

Salvage value= $5,400

Useful life= 8 years

Selling price= $42,000

First, we need to calculate the depreciation expense and accumulated depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (70,200 - 5,400) / 8

Annual depreciation= $8,100

Accumulated depreciation (ending 2021)= 8,100*4= $32,400

If the selling price is higher than the book value, the company gain from the sale. Now, we need to determine the book value.

Book value= purchase price - accumulated depreciation

Book value= 70,200 - 32,400= $37,800

Gain/loss= selling price - book value

Gain/loss= 42,000 - 37,800

Gain= $4,200

6 0

3 years ago

Financial data for a company is provided below: Cash, end of year, $500,000 Estimation of yearly cash expenses from negative cas

DanielleElmas [232]

Answer:

The company be able to continue without positive cash flows or additional financing for 39 Months

Explanation:

in given information assessed negative income from activity is (155,000), this is expected that there won't be any income from contributing or financing exercises.

information given for records of sales and stock is superfluous since both are a piece of working income which is as of now evaluated.

there for shutting balance toward the finish of year is $500,000 separated by negative income of (150,000) equivalents to months organization will ready to proceed without positive income or extra financing

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3 years ago

What do economies of scale, the ownership of essential raw materials, and patents have in common?

allsm [11]

Answer:

They all are barriers to entry.

Explanation:

For an imperfectly competitive firm: the marginal revenue curve lies below the demand curve because any reduction in price applies to all units sold.

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3 years ago

Bob lives in Houston and runs a business that sells boats. In an average year, he receives $842,000 from selling boats. Of this

quester [9]

Answer:

A. The wholesale cost for the pianos that Darnell pays the manufacturer.

3 0

3 years ago