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maks197457 [2]
3 years ago
10

Explain why the marginal revenue curve facing a competitive firm differs from the marginal revenue curve facing a monopolist. un

like for perfectly competitive? firms, whose marginal revenue curves are the same as their individual demand? curves, a? monopolist's marginal revenue curve differs from its demand curve because
Business
1 answer:
ycow [4]3 years ago
8 0

The correct answer to this question is that:

In a monopoly, “the monopolist must lower the price on all units to sell one more unit of output”.

This means that in a monopoly market, if we increase the amount of output without lowering the price, the marginal revenue decreases. Therefore marginal revenue is indirectly proportional to number of outputs.

In a perfect competition however, the marginal revenue is constant to any amount of output.

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Answer:

Cannot, Less

Explanation:

Production efficiency or productive efficiency is the efficient utilization of resources with view to achieving the lowest cost of production. Production efficiency is achieved when an economy is operating on her production possibility curve.

When an economy attained the level of Productive efficiency, it means it can no longer increase production of any commodity without a trade-off for other similar commodity.

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Suppose that your firm manufactures toy flying drones. monthly demand for the drones is 46,000 units. setup cost per order is $1
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Two methods of accounting for uncollectible accounts are the
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Answer:

Correct option is (d)

Explanation:

An account is termed uncollectible if they are not expected to be paid. There are two methods to write off these accounts:

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2. Allowance method: Under this method, a provision for doubtful debt is created where anticipated bad debts are charged. When an account needs to be written off, doubtful debt is debited and accounts receivables are credited.

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3 years ago
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Bass Clef Music Company assigns workers to departments based on similar skills. Currently, the company has a marketing departmen
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Answer: function

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Functional departmentalisation enhances :

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2. specialisation by members of staff.

Other forms of departmentalisation includes:

1. Product departmentalisation- it is used in a firm that produces many products. Units are created based on the different products been made.

2. Geographical departmentalisation- here units are formed based on the geographical location the unit caters to.

3. Customer departmentalisation- units are created based on the diferent customers that are been catered to.

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The primary challenge of virtual team meetings, as reported by professionals in virtual teams, is?
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The phrase may also be used to describe teams or groups who collaborate asynchronously or across organizational levels. Virtual teams are described by Powell, Piccoli, and Ives (2004) as "groups of geographically, organizationally, or time dispersed workers brought together by information and telecommunication technology to complete one or more organizational tasks."

To know more about virtual team meetings

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