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3 years ago

At the profit-maximizing level of output, a monopolist will always operate where:

1 answer:

3 0

At the profit-maximizing level of output, a monopolist will always operate where: Price is greater than marginal cost

a company that obtains a monopoly within a market will have no competition that disturbs their market share of potential customers, therefore they technically could fully determine the most acceptable price for that specific market.

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Meena Chavan Corp.'s computer chip production process yields DRAM chips with an average life of 1 comma 800 hours and sigma =

Lena [83]

Answer:

Cp= 1.33

Explanation:

Giving the following information:

Meena Chavan Corp.'s computer chip production process yields DRAM chips with an average life of 1,800 hours and sigma = 100 hours. The tolerance upper and lower specification limits are 2,400 hours and 1,600 hours, respectively.

Cp= (upper specification - lower specification)/6*sigma

Cp= (2400 - 1600)/6*100= 1.33

3 0

3 years ago

How can customer reviews and testing rating services help you when you are comparison shopping?

Vikki [24]

Reviews give you word-of-mouth accounts of how other customers used a product or experienced a service so you can evaluate how it fits with your purchase goals better.

5 0

3 years ago

The following information relates to Moran Co. for the year ended December 31, 2020: net income $1,245.7 million; unrealized hol

den301095 [7]

Answer:

a. Other Comprehensive income for 2020 = Unrealized holding loss = -$10.9 million

b. Comprehensive income for 2020 = Net income - Unrealized holding loss = $1,245.7 million -$10.9 million = $1,234.8 million

c. Accumulated other comprehensive income at December 31, 2020 = Accumulated other comprehensive income - Other Comprehensive income for 2020 = $57.2 million - $10.9 million = $46.3 million

7 0

3 years ago

What is the role of the entrepreneur in the modern economy?

iris [78.8K]

Answer:

B) TO CREATE JOBS

Explanation:

2. Create Jobs: Entrepreneurs are the organizers of the other factor of production(Land, Labour Capital) and are by nature and definition job creators, as opposed to job seekers. The simple translation is that when you become an entrepreneur, there is one less job seeker in the economy, and then you provide employment for multiple other job seekers. This kind of job creation by new and existing businesses is again is one of the basic goals of economic development. All this in turn creates a lot of job opportunities, and is helping in augmenting our standards to a global level.

4 0

3 years ago

Read 2 more answers

Let's say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how man

sveta [45]

Answer:

$240,000

Explanation:

Selling price per pair of shoes $160 x 12,000 ...1,920,000

Cost (to you) per pair of shoes $80 x 12,000 .... $960,000

Sales commission per pair $10 x 12,000.......... $120,000

Salaries ..........................................................................$420,000

Rent................................................................................ $120,000,

Advertising..................................................................... $20,000,

Insurance .........................................................................$16,000,

Miscellaneous fixed costs ..........................................$24,000,

Profit ..............................................................................$240,000

6 0

4 years ago