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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.

<span> </span>

You might be interested in
The+ebit+of+a+firm+is+$300,+the+tax+rate+is+35%,+the+depreciation+is+$20,+capital+expenditures+are+$60+and+the+decrease+in+net+w
-BARSIC- [3]

Answer:

Answer:

$215

Explanation:

Eagles product has an EBIT of $400

Its tax rate is 30%

= 30/100

= 0.3

The depreciation is $16

The capital expenditures are $56

The planned increase in net working capital is $25

Therefore, the free cash flow to the firm can be calculated as follows

Free cash flow= EBIT(1-tax)+depreciation-capital expenditures- change in working capital

= 400(1-0.3)+16-56-25

= 400-120+16-56-25

= $215

Hence the free cash flow to the firm is $215

4 0
2 years ago
In the labor market, what causes a movement along the demand curve? What causes a shift in the demand curve?
sladkih [1.3K]

Answer and Explanation:

Movement along the demand curve in the labor market occurs when there is any change in wages of labor. An increase in wage rate will lead to decrease in quantity of labor demanded. As a result, demand curve will move upwards and vice versa.

Reasons other that increase or decrease in price such as demand for the respective product, will lead to shift in demand curve. For example, an increase in the demand for a particular good will increase the demand for labor that will produce the product. An increase in demand for labor in this case will shift the demand curve rightwards and vice versa.

4 0
3 years ago
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pe
Brut [27]

Answer:

A. 2 books and 20 pencils

Explanation:

2 x5$= 10$

20x 0.50$= 10$

10$+10$=20$

4 0
3 years ago
What is the difference between a traditional savings account and an online savings account
Rudiy27
In traditional savings account, you can withdraw money whenever you need it without a financial penalty. In online savings account, link to traditional or online checking accounts and you enter your banks routing number and account number on the application. You can also transfer money between linked accounts with online savings. (hope this helps:)
6 0
2 years ago
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
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