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Ivahew [28]
3 years ago
5

A monopolist sells 2,000 units for $20 each. The total cost of 2,000 units is $30,000. If the price falls to $19, the number of

units sold increases to 2,100. The total cost of 2,100 units is $30,075. When the monopolist moves from a price of $20 to $19, the marginal revenue will:
Business
1 answer:
leonid [27]3 years ago
8 0

Answer:

Decrease by $1

Explanation:

Given:

Old data:

Q0 = 2,000 units

P0 = $20

Total revenue before change = 2,000 x $20 = $40,000

After change in Price.

Q1 = 2,100 units

P1 = $19

Total revenue After change = 2,100 x $19 = $39,900

Computation of Marginal Revenue:

Marginal Revenue = (P1 - P0) / (Q1 - Q0)

= ($39,900 - $40,000) / (2,100 - 2,000)

= -100 / 100

= $(-1)

Marginal revenue will decrease by $1

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The owner of a cemetery plans to offer a perpetual care service for gravesites. The owner estimates that it will cost $120 per y
Oksanka [162]

Answer:

Charge for perpetual care service will be $1500

So option (a) will be the correct option

Explanation:

We have given the estimated cost to maintain a gravesites is $120 per year

Interest rate = 8 % = 0.08

We have to find the fee which owner charged for the perpetual care service

The perpetual charge is given by

=\frac{estimated\ cost}{rate\ of\ interest}=\frac{120}{0.08}=$1500

Charge for perpetual care service will be $1500

So option (a) will be the correct option

4 0
3 years ago
Suppose that you are hired by a producer of wooden pallets to determine what sort of competition the firm faces. Due to a accide
gulaghasi [49]

During this week of low production, the price for pallets does not change at all. Given this observation this firm likely faces Oligopoly. Below is further explanation on Oligopoly.

<h3>What is Oligopoly?</h3>

An oligopoly is a market featured by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.

Therefore, the correct answer is Oligopoly.

learn more about Oligopoly: brainly.com/question/13658628

#SPJ1

4 0
3 years ago
The petty cash fund of $200 for Tomkins Company appeared as follows on December 31, 2014
Ilya [14]

Answer:

Explanation:

1.

Petty Cash (200-50.6)  Dr.$149.4

Cash            Cr.$149.4

Freight In   Dr. $58.4

Postage      Dr.$40

Balloons Expense      Dr.$20

Meals Expense        Dr.$25

Cash                         Cr.$143.4  

2. Petty Cash  Dr.$50

   Bank/Cash   Cr.$50

8 0
3 years ago
Is the transition of Jews and Irish from the non-White to White category surprising to you? Brodkin also discusses the transform
sasho [114]

Answer:

Additional changes in race within the US Census Categorization include American Indians, Aleut and Eskimo, Asian Indians, Part Hawaiian/Samoan/Guamanian and the Mexicans.

Explanation:

1. American Indians were not identified as such until 1860, when the racial category of “Indian” was added. Beginning in 1890, the census included a complete count of American Indians on tribal land and reservations.

2. In 1960, categories for Aleut and Eskimo were added in Alaska only. Since 2000, the category has grouped both of these together as “American Indian or Alaska Native,” and the census form provides a blank space to specify a tribe.

3. Asian Indians were called “Hindus” on the census form from 1920 to 1940, regardless of religion. Beginning in 2000, people could select from among six different Asian groups in addition to “Other Asian,” with the option to write in a specific group.  

4. The categories of Hawaiian, Part Hawaiian, Samoan and Guamanian were added and counted with the totals for the Asian population. Beginning in 2000, based on research conducted by the Census Bureau and new Office of Management and Budget guidelines, Native Hawaiian, Samoan and Guamanian became part of a new category: Pacific Islander.  

5. Mexicans were counted as their own race in 1930 for the first and only time. Hispanic groups of any kind were not offered as options again until 40 years later, when the census form began asking about Hispanic origin as a separate question from race.

7 0
3 years ago
Assume $1 is currently equal to A$1.1024 in the spot market. Also assume the expected inflation rate in Australia is 2.8 percent
MatroZZZ [7]

Answer:

Future rate(AUD/USD) = 1.0958

Explanation:

Consider the following formula to calculate the future rate

Future rate=Spot rate*((1+Quoted currency Inflation rate)/(1+Base currency Inflation rate))^time

Future rate=1.1024*((1+0.028)/(1+0.034))^1

Future rate(AUD/USD) = 1.0958

8 0
3 years ago
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