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gizmo_the_mogwai [7]
3 years ago
8

Which statement is correct? In the short run, the pure monopolist will maximize total profits by producing at that level of outp

ut where the difference between price and average total cost is greatest. Pure monopolists do not always realize economic profits. Because of its ability to administer prices, the pure monopolist can increase its price and increase its volume of sales simultaneously. In the short run, the pure monopolist will charge the highest price it can get for its product.
Business
1 answer:
inysia [295]3 years ago
7 0

Answer: Pure monopolists do not always realize economic profits.

Explanation:

Even though Pure Monopolies are the only sellers or makers of a good in a market and can therefore set their own prices, this does not mean that they will always make a profit talk more an economic one.

In the short run for instance, a Pure monopoly could see its average cost higher than its average revenue because some factors of production could not be varied. In this scenario, the monopolist would realize economic losses.

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There are approximately __ types of federal grants
sveticcg [70]

Answer:

The correct answer would be option C, 3.

Explanation:

There are three types of grants offered by the Federal Government.  

These are as follows:

1) Federal Pell Grants

2) Federal Supplemental Education Opportunity Grants

3) Work Study Programs

Federal Pell Grants provides financial aid to the students, not exclusive to their family income, serves as the prized resource among students. There are certain conditions whom a student must fulfill in order to be eligible for this grant.  

Federal Supplemental Education Opportunity Grants are the financial aids given to the students who have a very low expected family contribution towards their studies.This grant is given to the most needy students.

Work Study Programs also provide the financial aid to the students by providing them part time job opportunities to meet their financial college expenses.

8 0
2 years ago
Read 2 more answers
g Marginal revenue product (MRP) of labor refers to the: A. amount by which a firm's total resource cost increases when it emplo
UNO [17]

Answer:

c

Explanation:

Marginal revenue product (MRP) is the change in total revenue when one more unit of a resource is employed.

For example :

Units of labour    Revenue

1                             100

2                             200

The MRP of employing 2 units of labour = (200 - 100) / (2 -1) = 100                          

7 0
2 years ago
What is the best ice cream ever?​
Sergeeva-Olga [200]

Mint Chocolate Chip + Chocolate with Peanut Butter Chunks. B)

6 0
3 years ago
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Which is the shortest and simplest tax form?
AfilCa [17]

Filling out a tax form is about as much fun as owing taxes to Uncle Sam. The complexity of the task intensifies as your tax life becomes more complicated.

That's why you should use the simplest tax return form you can, especially if you're still filling out your forms by hand.

But choose carefully. There are three personal income tax forms -- 1040, 1040A and 1040EZ -- with each designed to get the appropriate amount of your money to the IRS. Differences in the forms, however, could cost you if you're not paying attention.

The EZ is the shortest and simplest form, Form 1040A is a bit more complex and the long Form 1040 is the most detailed and potentially difficult. But even if your tax life is simple and straightforward, it might be worthwhile to investigate the other two forms. Why? Generally, the longer the form, the more opportunities for tax breaks.

6 0
3 years ago
Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The
Arisa [49]

Answer:

$54,020

Explanation:

Total fixed costs = Fixed selling and administrative expenses

Total fixed costs = $54,020

Thus, the total fixed costs for the firm is $54,020

4 0
3 years ago
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