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SOVA2 [1]
4 years ago
11

Advanced Printing Systems is a firm in a monopolistically competitive market. If its marginal cost is $18 per unit in the short

run, if it is maximizing profits, and if it is selling at the equilibrium quantity, what is its marginal revenue?
Business
1 answer:
castortr0y [4]4 years ago
3 0

Answer: Marginal Revenue = $18 per unit

Explanation:

The profit maximizing condition for a firm in a monopolistic  competitive market is at MR = MC.

So, the marginal revenue of the firm is equal to the marginal cost of the firm.

In this question, the firm's marginal cost is $18 per unit in the short run and it is a profit maximizing firm. Thus, its marginal revenue is $18 per unit.

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Describe a situation where you provided or observed high-quality customer service.
rewona [7]

A typical situation where i provided high-quality customer service is when i generously provide best customer service in my former work.

<h3>What is a high-quality customer service?</h3>

These quality service involves practices like valuing of customers' time, having a pleasant attitude and providing knowledgeable resource to the customers while offering them service.

Most time, when a high-quality customer service are offered, the customers my appreciated one's effort by tipping or praise them.

Read more about customer service

<em>brainly.com/question/4110146</em>

#SPJ1

8 0
3 years ago
Which of the following statements about credit cards is true?
scoray [572]

Answer:

D. Credit card companies usually charge higher interest rates for cash advances than for purchases.

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

Generally, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.

Also, when a credit card holder is requesting for an advance on cash from its merchant or financial institution, they are usually charged more interest rates compared to when using the card to make a purchase.

Hence, the statement which is true about credit card is that, credit card companies usually charge higher interest rates for cash advances than for purchases.

3 0
3 years ago
Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, a
Minchanka [31]

Answer:

7208.9

Explanation:

Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, and the probability of a lost customer is 11%. The cost per incident of a back order is $50, lost customer is $65,000. The sales price of the item is $12 with a 20% profit margin. The average order is 50.

expected cost is the probability that a certain cost will be incurred multiplied by the cost.

Stockout cost can be defined as the lost income and expense in relation to a shortage of inventory.

Expected cost/stockout=Probability of stockout *expected demand

Probability of a back order is 67%

lost sale is 22%

probability of a lost customer is 11%.

expected demand for back order $50

The average order is 50.

lost customer is $65,000

The sales price of the item is $12 with a 20% profit margin

.67*50+.11*65000+.22*50+1.2*12

33.5+7150+11+14.4

=7208.9

6 0
4 years ago
Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(c
zaharov [31]

Answer:

voluntary contribution  $97150

Explanation:

data provided:

tax rate: 2.3%

reserve ratio- 8-10%

average payroll = $971,500

Assume voluntary contribution ="X "

From the information given in the question we have

\frac{X}{971500} = 10%

here we have taken max reserve ratio  i.e. 10%

"X" = 971500*0.10

       = $97150

we know that, from the question present contribution minus benefit is equal to $93,500

hence, extra contribution = 97150 - 93500 = $3650

extra contribution = $3650

5 0
3 years ago
Government transfer payments:A) are included as part of government purchases, G.B) can be viewed as negative tax payments, T.C)
iris [78.8K]

Answer:

The correct answer is letter "B": can be viewed as negative tax payments, T.

Explanation:

In the U.S., government transfer payments or simply called transfer payments are local, state and federal payments the government sends to individuals enrolled in social programs such as the Social Security, Medicaid or unemployment welfare.  

<em>They are considered negative tax payments since the funds used comes from taxpayers but it is not redistributed to investments of public interest. </em>However, income received by individuals in need from the government is taxed, too.

6 0
4 years ago
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