1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Critical analysis Q16 Suppose that the Federal Reserve purchases a bond for $100,000 from Reggie Rich, who deposits the proceeds
kkurt [141]

Answer:

Explanation:

• Initially, As a result of the bond purchase, money supply will increase by $100000.

The reason for the increase in money supply by $100000 is because the federal reserve bought bond of $100000 from Riggie Rich. This is an expansionary policy which will lead to more money in supply.

• As a result of Rich's deposits, the bank will able to give $90000 more in additional loans.

The increase in the additional loans will be calculated by removing the reserve required ratio from the deposit.

= $100000 - (10% × $100000)

= $100000 - $10000

= $90000

• As a result of the purchase by the Federal reserve, the maximum increase in quantity of checkable deposits which could result throughtout the entire banking system will be $1000000.

The increase in checkable deposits will be the change in reserve multiplied by 1/RRR. This will be:

= $100000 x 1/10%

= $100000 × 1/0.1

= $100000 x 10

= $1000000

3 0
3 years ago
Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20
romanna [79]

Answer:

Option A is correct ( Expected inflation does not change the real deficit)

Explanation:

Real deficits are real variable and it is not affected by the change in inflation rate, because inflation is nominal variable. So, nominal value of deficits can be affected, but real value of deficits will remain same.

4 0
2 years ago
Last year a large trucking company delivered 9.5 x 10^5 tons of goods with an average value of $20,000 per ton. What was the tot
Reika [66]
9.5 x 10^5 = 950.000
950.000 x 20.000 = 19.000.000.000
the decimal of 19.000.000.000 is 1.9 x 10^9

hope this help
7 0
3 years ago
Read 2 more answers
The manufacturing overhead budget at Pendley Corporation is based on budgeted direct labor-hours. The direct labor budget indica
postnew [5]

Answer:

Correct option is B) $17.10

Total overhead rate per hour = $17.10

Explanation:

Overhead rates are based on cash outflow, they are not allocated and computed based on non cash items.

Total direct labor hours = 8,900

Thus total variable overhead rate = $5.50

Total cash fixed cost = $133,500 - $30,260 = $103,240

Fixed cost overhead rate = $103,240/8,900 = $11.60

Total overhead cost per hour = Variable overhead + Fixed Overhead = $5.50 + $11.60 = $17.10

5 0
3 years ago
Which trade bloc was created to encourage free trade and economiccooperation between Canada, Mexico, and the United States?
Vsevolod [243]

Answer:

B. NAFTA

Explanation:

North American Free Trade Agreement (NAFTA) is a regional agreement between the Government of Canada, the Government of the United Mexican States, and the Government of the United States of America that created a free trade zone.

NAFTA administers the mechanisms stipulated in the Treaty to resolve commercial disputes between national industries or the governments of the party countries in a timely and impartial manner.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Tim's performance pizza is a small restaurant in philadelphia that sells gluten-free pizzas. tim's very tiny kitchen has barely
    15·1 answer
  • Jolene is warehouse custodian and also maintains the accounting record of the inventory held at the warehouse. An assessment of
    15·1 answer
  • A country's exports minus its imports during a period are:
    11·1 answer
  • The following information pertains to Maynard Corporation’s income statement for the 12 months just ended. The company has an ef
    5·1 answer
  • Changes in tariffs and quotas are: Group of answer choices infrastructure changes. corporate strategies designed to maximize pro
    7·1 answer
  • Exhibit 22-8 Above shows how output changes as the only one variable input, labor, changes. At what unit of labor does diminishi
    5·1 answer
  • Can someone plz and answer this, I’m giving 100 points and brainliest!!
    9·2 answers
  • Brandon is a college freshman who dreams of managing a chain of national hotels. Which job would best help him achieve his goal?
    6·2 answers
  • What is a good name for a bakery
    8·1 answer
  • When returning your unit to service following a call, the responsibility of ensuring that the unit is restocked and ready for an
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!