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RSB [31]
3 years ago
8

Bob owns a trout farm with monopoly power in north carolina. bob's optimal output occurs where marginal revenue ________. becaus

e of monopoly power, bob's supply curve ________. select one:
a. exceeds marginal cost; is perfectly inelastic
b. equals marginal cost; does not exist
c. equals marginal cost; is upward sloping
d. exceeds marginal cost; does not exist
Business
1 answer:
VladimirAG [237]3 years ago
4 0
<span>The right answer is C. marginal revenue equals marginal cost; is upward-sloping. Marginal revenue is the amount that revenue increases if someone sells one more unit of their product. When there's competition, every unit has the same price, but when there's a monopoly, you have to make cheaper every other unit to sell one more</span>
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Answer:

C. $40,000

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For computing the amount of the gain recognized, first we have to calculate the gain recognized based on the adjusted basis

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= $100,000 -$35,000

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3 years ago
If you are required to show proof of financial responsibility for the future, for how many years must the proof be kept? 1 year
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Answer:

For 2 years

Explanation:

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7 0
3 years ago
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Answer:

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Data provided in the question:

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