1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Etica, creatividad, compromiso, excelencia, integridad, credibilidad, pueden ser ejemplos de visiones.
Fiesta28 [93]

Answer:si English?

Explanation:

7 0
3 years ago
George and Dan's political consulting firm is losing money, but it is more than covering its variable costs. What is the most ac
aniked [119]

Answer:

- It will go out of business in the long run.

Explanation:

If George and Dan's political consulting firm is losing money, but it is more than covering its variable costs, then the most accurate statement we can make about it is that: It will go out of business in the long run.

In the SHORT RUN, as long as the firm is covering variable costs, it means that the firm is able to generate normal profit or contribution that takes care of part or all of its fixed costs. It will stay in business

<u>In the LONG RUN, the firm will only continue to operate if it can make normal profits</u>

<u>Normal profit occurs when the difference between a company's total revenue and combined explicit and implicit costs are equal to zero.</u>

<u>Since George and Dan's political consulting firm cannot cover fixed costs, it will go out business in the long run.</u>

3 0
3 years ago
Inflation: group of answer choices is a continuous decrease in the price level. can obscure relative price changes. always makes
eimsori [14]

The Correct Response is Option B.

Inflation: can obscure relative price changes.

  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the overall price level rises, hence inflation is associated with a decline in the buying power of money.
<h3><u>What occurs when inflation occurs?</u></h3>
  • The main cost of inflation is the loss of real income, which occurs when prices rise unevenly and causes some customers' buying power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.

To learn more about Inflation, Click the links,

brainly.com/question/28136474

brainly.com/question/28190771

#SPJ4

8 0
1 year ago
Which business function is concerned with delivering a product or service to customers?
Gwar [14]

Answer:

Production

Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers

4 0
2 years ago
Current Attempt in Progress Swifty Corporation produces three versions of baseball bats: wood, aluminum, and hard rubber. A cond
jarptica [38.1K]

Answer:

None of the fixed costs are avoidable. Therefore the company now loses all the fixed costs and the positive contribution margin.

Explanation:

Giving the following information:

Wood Aluminum Hard Rubber

Total Sales $65000

Variable expenses (58000)

Contribution margin 7000

Fixed expenses  (22000)

Net income (loss) (15000)

Effect on income= -22,000 - 7,000= -29,000

None of the fixed costs are avoidable. Therefore the company now loses all the fixed costs and the positive contribution margin.

5 0
3 years ago
Other questions:
  • Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note that the
    9·1 answer
  • The higher the _____ that future earnings may not be achieved, the higher the return on investment investors demand.
    15·1 answer
  • A ________ is a graph of decisions and their possible consequences.a. decision structureb. corporate hierarchyc. resolution grap
    13·1 answer
  • As an intermediary, does Expedia have power to spur demand when the travel industry suffers?
    7·1 answer
  • Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
    10·1 answer
  • Jane and Walt form Yellow Corporation. Jane transfers equipment worth $950,000 (basis of $200,000) and cash of $50,000 to Yellow
    6·1 answer
  • The transactions of Spade Company:
    15·2 answers
  • Stock market is a market for.?​
    14·2 answers
  • WILL GIVE BRAINLIEST! Why would someone choose to start a company as a Franchise rather than a Sole Trader or Partnership?
    6·1 answer
  • A movie theater company obtains the following estimated elasticity of demand.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!