For a monopolist, price is above marginal revenue.
<h3>What is monopolist market?</h3>
A monopolist market is a market with managed alone.
The price of commodity should be greater than marginal revenue this is because until marginal revenue and cost are balance the business cannot expand.
But a high price above the revenue will equal to profit.
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F you can prove them wrong by overcoming that stereotype.
<span>Solution:
Total cost of van = market cost of van + 6% sales tax on market cost + document verification fees
6% sales tax on market cost = market cost x 0.06 = 26857 x 0.06 = 1611.42
Total cost of van = 26857 + 1611.42 + 250 = 28,718.42
20% of total cost of van = 5843.684
Remaining amount = Total cost of van - initial financing = 22,974.74 dollars
Hence 22,974.74 dollars is the total amount that Williams family is financing.</span>
Answer:
450,000 units
Explanation:
This question asks to calculate the equivalent units of materials. It must be known that equivalent units are calculated by multiplying the number of physical units by percentage of completion.
The question assumes that materials are entered at the beginning of the process.
Mathematically, the equivalent units for materials = started into production + Beginning work in process
= 25,000 units + 425,000 units = 450,000 units