All categories

3 years ago

Identify one advantage and two disadvantages of a monopoly.

1 answer:

5 0

A monopoly is like a patent; It's good if you own one because you can control something and be the only person who makes money off of it.
It's bad because it defeats competition between other competing companies, and prices will go up
It's even worse when you consider what would happen if a dozen people or two monopolize the whole world. Then no one else would make money
Hope this helps!

You might be interested in

Brent Bishop is the vice president of operations for Southern Sweets Bakery. He drives a 2017 Toyota Prius Prime as his company

denis23 [38]

Answer:

$2,297.50

Explanation:

The annual lease value for Brent's Toyota Prius is $9,750. Since he uses the car approximately 20% of the time for personal use, then Brent's share of the annual lease is = $9,750 x 20% = $1,950

This 20% of personal use represents 6,950 miles (= 34,750 miles x 20%), if the company charges him five cents per mile, then Brent is receiving $347.50 (= 6,950 x $.05 ) for personal fuel use.

Brent's total taxable benefit = $1,950 + $347.50 = $2,297.50

4 0

2 years ago

A company incurs costs of $38 per unit ($27 variable and $11 fixed) to make a product that normally sells for $56. A wholesaler

Vladimir79 [104]

Answer:

It should accept the special order at the price of $36 as the total marginal cost will be $28.5 (27 variable cost + 1.15 shipping cost).

Explanation:

Special orders are accepted only if marginal revenue increases the marginal cost. Marginal cost is the total cost incurred to fulfill any order.

In the given scenario, since the Company already has adequate capacity and it will not incur any additional fixed cost, therefore the order can be accepted by taking variable cost in to consideration.

Marginal Revenue 36

Less: Marginal Cost

Variable Cost (27)

Shipping Cost <u> (1.15)</u>

Total Profit from Order <u> 7.85</u>

4 0

3 years ago

The following data are for a series of increasingly extensive flood-control projects.

marissa [1.9K]

Answer:

$28,000 and $12,000, respectively

Explanation:

Marginal cost = incremental cost from Plan C to Plan D

= total cost (plan D) - total cost (plan C)

= 72,000 - 44,000 = $28,000

Marginal benefit = incremental benefit from Plan C to Plan D

= total benefit (plan D) - total benefit (plan C)

= 64,000 - 52,000 = $12,000

Therefore marginal cost and benefits for Plan D = $28,000 and $12,000, respectively

4 0

2 years ago

As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f

Artemon [7]

Answer: Sharing information across the organisation

Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.

This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

7 0

3 years ago

The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The

Furkat [3]

The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

$7
$3 per unit
$3 per unit

<h3>The Profit per unit for base-case:</h3>

45 - 1 1- 24 - 3 = $7

<h3>Profit per unit for worst case:</h3>

45 - 12 - 25 - 3 = $3 per unit

<h3>Profit per unit for best case:</h3>

45 - 10 - 20 - 3 = 12$ per unit

b. The mean profit per unit is given as $7.05

c. The reason the simulation approach is preferable is due to the fact that it can help to determine the probability of profit as a particular amount, unlike the what-if scenario analysis.

It can also create different scenarios for possible resources.

d. The probability of the fact that the profit per unit woul be less than 5 is 9%

Read more on risk analysis here: brainly.com/question/6955504

5 0

2 years ago