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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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Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing
pshichka [43]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.

Direct labor per unit= 0.25*14= $3.5

Direct labor equation= 3.5*x

x= units produced

For example:

100 units

Direct labor= 3.5*100= $350

7 0
3 years ago
Four years ago, Velvet Purses purchased a mailing machine at a cost of $154808. This equipment is currently valued at $25955 on
AVprozaik [17]

Answer:

the book value of the shareholder equity is $53,413

Explanation:

The computation of the book value of the shareholder equity is shown below;

Book value of shareholders equity is

= Book value of mailing + net working capital - Long term debt

= $25,955 + $92,535  $65,077

= $53,413

Hence, the book value of the shareholder equity is $53,413

5 0
3 years ago
When the macroeconomy is experiencing a higher than natural rate of unemployment, it must be because
Alona [7]

Answer:

wages cannot adjust downward quickly and easily.

Explanation:

In a situation where the macroeconomy is experiencing a higher than the natural rate of unemployment, it must be because "wages cannot adjust downward quickly and easily."

Given that wages are arguably the most significant aspect to entice employees or people to work and get paid. Hence, where the wages are not enough to cause for the employees, there tends to be a situation where wages cannot adjust downward quickly and easily. And therefore, people would not want to work where there is low pay, and eventually, unemployment increases.

7 0
3 years ago
The Ritz-Carlton hotel offers restaurants with the finest service, elevators that run smoothly, and a front desk that processes
Ksju [112]

Answer:

The correct answer is C

Explanation:

Operation management is the management who govern or administrate the business practices in order to create or generate the highest level of the efficiency within the organization. It is concerned with the management of the operations of the business. Therefore, the operation management is the one who is responsible for executing the customer benefits like elevators which run smoothly, front desk which processes people quickly.

4 0
3 years ago
Fugazi City College sold season tickets for the 2013 football season for $200,000. A total of 8 games will be played during Sept
Igoryamba

Explanation:

The adjusting journal entry is presented below:

On  September 30

Unearned ticket revenue A/c Dr $75,000

        To Ticket revenue A/c $75,000

(Being the unearned ticked revenue is recorded)

The computation is shown below:

= Season tickets sale value × number of games ÷ given number of gains

= $200,000 × 3 games  ÷ 8 games

= $75,000

3 0
3 years ago
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