Answer:
1 (a)
Since p = 10 - Q,
Revenue = p × Q=10Q - Q2
Hence, MR = 10 - 2Q.
MC is given fixed at 4.
Demand function is Q = 10 - p.
Plotting all these values in graph attached picture, we get
1 (b)
The monopolist will yield where MR = MC. So,
10 - 2Q = 4
Q = 3.
At this quantity, P = 7.
1 (c)
Consumer Surplus = Area of Triangle ABC = 0.5 × 3 × 3 = 4.5
Producer Surplus = Area of Rectangle ABEF = 3 × 3 = 9
2 (a)
Since the price is now P = MC = 4, this means
Q = 10 – 4 = 6.
2 (b)
The consumer surplus in this case would be = 0.5 × 6 × 6 = 18
The producer surplus will be zero.
2 (c)
Deadweight Loss = Total Surplus in Case B - Total Surplus in Case A
18 - 13.5 = 4.5
Answer:
B. selling-related
Explanation:
Here are the options to this question :
A. customer-related
B. selling-related
C. industry
D. technical
E. market-related
Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge
Hello there!
Vermont was the only state to have adopted a single - prayer health plan.
I hope this helps! As always, it is my pleasure to help students like you.
If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)
First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000
Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000
So, the estimated ending inventory for the month of July is $145,000.
The correct answer to this question is this one: "D. The federal government did not levy any taxes on the TVA." The reason why the electricity generated by the TVA cheaper than that generated by private power companies is because the federal government did not levy any taxes on the TVA.
