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alex41 [277]
3 years ago
12

How does a firm in perfect competition identify profit maximizing output levels? How does this differ from profit maximization l

evels of output in a monopoly?
Business
1 answer:
igor_vitrenko [27]3 years ago
6 0

Answer: A monopolistic company will produce to the point where the marginal cost is equal to marginal income, which is the production point called optimal.

Marginal Income = Marginal Cost

In other words, from that point the company is not able to obtain more profit if it increases its production. Because it happens that the cost of producing one more unit is greater than the marginal income for that unit, it would be necessary to reduce the level of production because it is excessive.

As in a situation of perfect competition the company is accepting price, then it sells its product at the price given by the market, so its optimal point will be: Marginal Cost = Marginal Income = Price

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Eva received $68,000 in compensation payments from JAZZ Corp. during 2018. Eva incurred $13,500 in business expenses relating to
navik [9.2K]

I got answer b but you may wanna double check

6 0
3 years ago
One important way in which banks make economic growth possible is by
solong [7]

Answer:

Here is the full question:

<em>One important way in which banks make economic growth possible is by :</em>

<em>A)  selling savings bonds. </em>

<em> B)  cashing payroll checks. </em>

<em> C)  lending money to business startups. </em>

<em> D)  offering checking and savings accounts</em>

Answer is C).

Explanation:

Bank loans are the most important bank product as loans represent the most profitable segment for the bank. Of course, banks do earn fees and commissions on various transactions and they do offer general personal account maintenance.

However, loans are the primary source of income for all banks, as loans are the bank products that give the bank a monthly interest rate, which is very lucrative in the long run.

8 0
3 years ago
After an intensive research and development effort, two methods for producing playing cards have been identified by the Turner C
Maurinko [17]

Answer:

A. 10,000 decks

Explanation:

In this we use the equation which is shown below:

Les us assume the selling price be X and the Quantity sold be Y

So,

EBIT = Y × X - Y × $1.00 - $10,000

EBIT =  Y × X - Y × $1.50 - $5,000

If we solve this two - equation

Y × X - Y × $1.00 - $10,000 = Y × X - Y × $1.50 - $5,000

Y × $1.00 - $10,000 = Y × $1.50 - $5,000

Then, the quantity would be 10,000 decks

6 0
4 years ago
According to Forrester's Social Technographics Model a ______ score measures how common it is for a target segment to share prod
matrenka [14]

According to Forrester's Social Technographics Model a Use score measures how common it is for a target segment to share product and service experiences.

<h3>What is Forrester Social Technographics Model?</h3>

This is the model that was developed by this person which focuses on social behaviors.

The model is one that helps commercial business peiople to target the behaviors of their audiences for the sake of building customers relationships.

Read more on Forrester's Social Technographics Model here:

brainly.com/question/13649774

#SPJ1

8 0
2 years ago
Explain how you can use the knowledge of subject matter experts and your peers to enhance your learning in workplace
lozanna [386]

Explanation:

Remember, a workplace is an environment not just working but for learning.

<em>For example</em>, subject matter experts (SMEs) are individuals inn a workplace who has special skills or experience on a particular job or topic. So, they can provide necessary assistance through this common methods

  • oral instructions
  • written instructions
  • video based instructions

A persons's peers can also assist with information to do one's job using the above methods.

7 0
4 years ago
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