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RSB [31]
3 years ago
13

The inverse demand curve for a monopolist changes from P = 100 – 2Q to P = 120 – 2Q, while the marginal cost of production remai

ns unchanged at a constant $20. After the change in the demand curve, the profit-maximizing price rises from _____, and the profit-maximizing output rises from _____. $40 to $60; 20 units to 30 units $60 to $70; 20 units to 25 units $10 to $20; 100 units to 120 units $50 to $60; 10 units to 12 units.
Business
1 answer:
svetoff [14.1K]3 years ago
5 0

Answer:

$60 to $70; 20 units to 25 units

Explanation:

The production point for the monopolist is where the marginal revenue is equal to the marginal cost,

For first demand curve,

P = 100 - 2Q

MR = 100 - 4Q,  the MR curve is double sloped than the demand curve

MC = 20

 Now, Equating Marginal revenue with marginal cost,

100 - 4Q = 20

4Q = 80

Q = 20

P = 100 - (2 × 20)

  = 60

For second demand curve,

P = 120 - 2Q

MR = 120 - 4Q

MC = 20

Now, Equating Marginal revenue with marginal cost,

120 - 4Q = 20

4Q = 100

Q = 25

P = 120 - (2 × 25)

  = 70

So, the quantity increases from 20 units to 25 units and the price increases from $60 to $70.

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Global Traders is offering 130,000 shares of stock to the public in a general cash offer. The offer price is $38 a share and the
Stella [2.4K]

Answer:

correct option is b. $3,679,800

Explanation:

given data

offering = 130,000 shares

offer price = $38

underwriter spread = 8 percent

administrative costs = $865,000

solution

we get here Net proceeds from sale that is express as

Net proceeds = Gross proceeds - Underwriter's spread - Administrative costs ....................1

here Gross proceeds from sale is = offering share × offer price

Gross proceeds from sale is  = 130000 × $38

Gross proceeds from sale is  = $49,40,000

and Underwriter's spread will be offering share × offer price  × underwriter spread %

Underwriter's spread = $49,40,000 × 8%

Underwriter's spread = $3,95,200

so Net proceeds  will be

Net proceeds = $49,40,000 - $3,95,200 - $865,000

Net proceeds = $3,679,800

so correct option is b. $3,679,800

7 0
3 years ago
Who is responsible for responding to workflow(s) for equipment dispatch requests through the business workplace require An appro
Roman55 [17]

Answer:

Commander

Explanation:

GCSS-Army is short for Global Combat Support System-Army. The GCSS is a section of the United States Army that is fielded under the 11th Armored Cavalry Regiment. There are the GCSS Wave 1 and GCSS Wave 2. These two groups have different roles.

The role of the Commander falls under the Wave 2 functions where he is required to perform the roles of maintenance, dispatch, unit supply, and property book functions. The Wave 1 function is mostly about allowing access to support supply activity functions. The commanders in any organization they work with can screen several transactions and give approval for equipment dispatch.

7 0
3 years ago
In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe
N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

7 0
3 years ago
Since the politicians are unwilling to get rid of the rent controls, they offer you a list of suggestions to make housing more a
nika2105 [10]
<span>For statement 1; Government provided housing, this may be costly but the way that the people are provided with houses can decrease the number of homeless people. For statement 2; Tax deductions to renters, this has been going on for thousand years, taxes are used to provide services to people if the government properly used it. For statement 3; Tax breaks to construction companies who provide affordable housing, this is common to developers who intend to maximize their profit and the available area for people whose income is not that high. I would suggest statement 3.</span>
6 0
3 years ago
Consider the market for bagels, which is currently at equilibrium, and where Pbagel and Qbagel denote the price and quantity of
UNO [17]

Answer:

please refer to attachment for more explanation

Explanation:

a. a. Since both goods are complementary goods an increase in the price of cream cheese would cause equilibrium price and quantity of bagel to decrease.

b. If the price of the substitute good croissant decreases then the demand for bagel will fall since croissant is obviously cheaper therefore demand curve will shift downward and price and quantity will fall.

c. Lower income of the consumer would make the demand for the inferior good bagel to rise. Demand curve will shift upwards and price and quantity will rise.

7 0
3 years ago
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