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svp [43]
3 years ago
14

When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent A.

a loss in total welfare. B. a transfer of benefits from the consumer to the producer. C. the higher marginal revenues gained by the monopolists in comparison to competitive firms. D. the higher marginal costs incurred by the monopolists in comparison to competitive firms.
Business
1 answer:
Nina [5.8K]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

In a perfect competition firms are price takers and have only normal profits. On the contrary, a monopoly firm are price makers and can have positive profits.

The consumer surplus gets reduced in monopoly and the producer surplus is greater. The profits in the monopoly firm shows the transfer of surplus of benefits from consumers to the producer.

So, option B is the correct answer.

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Number of Employees 20 Average Salary per employee $ 30,000 Weeks per year 52 Minutes available per week 2,400 Practical capacit
stich3 [128]

Answer:

1,996,800 minutes

Explanation:

Calculation for what is the practical capacity of resources supplied in minutes

Practical capacity of resources supplied =52 weeks × 2,400 minutes per week× 80% × 20 employees

Practical capacity of resources supplied= 1,996,800 minutes

Therefore the practical capacity of resources supplied in minutes is 1,996,800 minutes

7 0
3 years ago
Break Even Analysis 1. A USB thumb drive production line will have $240,000 fixed costs variable costs per unit of $1.97. Each u
melomori [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $240,000

Unitary variable cost= $1.97

Selling price per unit= $4.97.

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 240,000 / (4.97 - 1.97)

Break-even point in units= 80,000 units

<u>The break-even point analysis provides information regarding the number of units to be sold to cover for the fixed and variable costs.</u>

If the forecasted sales are 120,000, this means that the company will cover costs and make a profit. The margin of safety is 40,000 units.

3 0
2 years ago
Mark was recording accounting transactions when he came across a non-standard transaction type. However, based on his knowledge
vlada-n [284]

Answer:

The best answer to the question: This is an example of used a(n):___, would be, A: Conceptual framework to solve new problems.

Explanation:

A conceptual framework is a an analytical method, or technique, that is used in order for the person to be able to see the full picture, and the different variants and factors around it, in an organized manner. Applying this technique will allow a person to discover all the factor within an issue, visualize them and propose viable solutions to them. And this is what Mark did when he came by the non-standard transaction type. He still had to record the transaction, but the usual methods would not work for it. Therefore, Mark made use of his own knowledge and after viewing the problem through the conceptual framework technique, he was able to find a reasonable solution and thus filfill his job.

3 0
3 years ago
Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is th
Anuta_ua [19.1K]

Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

5 0
3 years ago
Selling similar merchandise at a price above the competition is done with the hope of selling greater quantities of the merchand
irina [24]

Answer:

False

Explanation:

In order to attract more customers to your store and sell larger quantitative, you must sell at a price below the competition, not above.

Rational customers should purchase at the lowest possible price, that is the basic concept behind the law of supply and demand. A lower price should result in a higher quantity demanded.  

3 0
3 years ago
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