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11Alexandr11 [23.1K]
3 years ago
7

Suppose you own the patent for a new type of bicycle light, hence giving you a monopoly over the industry. If you lower the pric

e of the lights from $10 to $9, then we know for sure that at the new price: a) marginal cost is more than $9. b) marginal cost is less than $9. c) marginal revenue is less than $9. d) marginal revenue is more than $9. e) None of the above.
Business
1 answer:
Anettt [7]3 years ago
3 0

Answer:

The correct option is C (marginal revenue is less than $9)

Explanation:

If the price of a commodity is lowered because you have some kind of monopoly over the industry, this shows that the marginal revenue is lower than the new selling price. This is simply because marginal revenue is that revenue gained when you produce one more unit of a product, and hence there is no way that this value would be greater than the new selling price. You would be selling at a loss if you do so.

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Answer:

According to the Ohio state studies , we can say that the Adrian as leader is high in initiating structure.

Explanation:

Initiating structure can be defined as the particular degree to which a leader would define his or her role and also specify and organize the role of employees too, in order to achieve the organizations goals.

Adrian is also doing the same thing here, as she has given a lot of time in assigning employees their particular tasks and scheduling their work , in such a way that goals are achieved.

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3 years ago
The name for computations that allow you to determine how much money to deposit now to earn a desired amount in the future is
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Answer:

Future value

Explanation:

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In 2020, Theo, a single taxpayer, operates a sole proprietorship in which he materially participates. His proprietorship generat
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2 years ago
You are comparing two investment options. The cost to invest in either option is the same today. Both options will provide you w
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Read 2 more answers
FIFO and LIFO Costs Under Perpetual Inventory SystemThe following units of a particular item were available for sale during the
Sidana [21]

Answer:

FIFO - $22,880

LIFO - $21,120

Explanation:

The FIFO inventory system means first in, first out. It means the initial inventory is the first to be sold. The ending inventory would consist of the last purchased inventory.

Ending inventory = 52 ×$440 = $22,880.

The LIFO inventory system means last in, first out. It means the last purchased inventory are the first to be sold . The ending inventory would consist of the initial inventories.

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I hope my answer helps you

5 0
3 years ago
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