The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.
Answer:
equilibrium market price = 40
Number of firms in the industry = 240
Explanation:
Let we assume the number of firms be N
And, at equilibrium
Marginal cost = market price
2Q = P i.e market price .....................(i)
Also demand = supply at equilibrium point
which equals to
= 240 × (P ÷ 2) = N × Q.......(ii)
So,
from (i) and (ii)
N i.e Number of firms in the industry = 240
since Q i.e Quantity =20 units
So,
P = 2Q
= $40
Answer:
Janice is a public accountant
Explanation:
Public accounting refers to a business that provides its services to other firms at large. By Janice being the owner of such firm she is referred to an accountant that provides her services to the public and she can also be referred to as a certified public accountant
Answer:
a. Selective attention/comprehension
Explanation:
Selective attention/comprehension -
It refers to some specific external factors , which alerts someone's attention , is referred to as Selective attention/comprehension .
The factors can be some external factors like some specific words , activities , situation etc.
Hence , from the given scenario of the question ,
The students gets distracted by the sound of the pencil on desk .
The correct answer is a. Selective attention/comprehension .
Priya Rahavy, M.D., is a general practitioner whose offices are located in the Lake Forest Professional Building. In the past, Dr. Rahavy has operated her practice with a nurse, a receptionist/secretary, and a part-time bookkeeper. Dr. Rahavy, like many small-town physicians, has billed her patients and their insurance companies from her own office. The part-time bookkeeper, who works 15 hours per week. is employed exclusively for this purpose.
North Avenue Physician's Service Center has offered to take over all of Dr. Rahavy's billings and collections for an annual fee of $24,000. If Dr. Rahavy accepts this offer, she will no longer need the bookkeeper. The bookkeeper's wages and fringe benefits amount to $20 per hour, and the bookkeeper works 50 weeks per year. With all the billings and collections done elsewhere, Dr. Rahavy will have three additional hours available per week to see patients. She sees an average Of four patients per hour at an average fee of $30 per visit. Dr. Rahavy's practice is expanding, and new patients often have to wait several weeks for an appointment. She has resisted expanding her office hours or working more than 50 weeks per year. Finally, if Dr. Rahavy signs on with the center, she will no longer need to rent a records storage facility for $200 per month.
a. Conduct a relevant cost analysis to determine if it is profitable to outsource the bookkeeping.
