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3241004551 [841]
3 years ago
9

The economic inefficiency of a monopolist can be measured by the A. area above marginal cost but beneath demand from the monopol

y output to the socially-efficient output. B. deadweight loss. C. value of the unrealized trades that could be made if the monopolist produced the socially-efficient output. D. All of the above are correct.
Business
1 answer:
Reil [10]3 years ago
7 0

Answer:

The correct answer is option D.

Explanation:

A monopoly firm is neither productively nor allocative efficient. The reason behind this is that it does not utilize the resources efficiently and produces below the socially optimal level of output.  

Unlike perfect competition, which produces at the point where price equals marginal cost, a monopolist produces at the point where the price is greater than marginal cost.  

This inefficiency is visible through the decrease in consumer surplus and deadweight loss. The difference between socially optimal level of output and monopoly output also represents inefficiency. The value of the goods and services that could have been made if monopolist chose to produce at a socially optimal level also shows inefficiency.  

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The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statement by having expe
creativ13 [48]

Answer:

This would affect the income statement by having expenses

c. understated and therefore net income overstated revenues

Explanation:

Adjusting Entry:

It is such entry which is added at the end of the fiscal period in order to make the income statement accurate.

Overstated:

In Accounting, overstated amount means that amount is greater than the true amount.

Understated:

In Accounting, if an amount is less than the true amount then it is known as understated.

  • As in our case, the adjusting entry for supplies was not added so in this way expenses became understated means they become less as compared to actual expenses. Therefore, revenues overstated.

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Perhaps the most important reason that u.s. companies have moved industrial production abroad is that the labor of the other nation is paid the low wages than the labor wages in US.

Job outsourcing occurs when U.S. companies hire the foreign workers instead of Americans.

Job outsourcing can help American companies to compete in the economy by keeping prices low, but simultaneously it has a negative effect on

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Companies outsource domestically as well , they do not rely on the other countries completely U.S. employment but they have been increasing their reliance on freelancers or  temp workers, as well as the part-timers.

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Explain at least one potential implication for the genetic diagnosis of traits such as intelligence and criminality.
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The M-N plant manufactures two different products: M and N. Selling prices and weekly market demands are shown in the following
tamaranim1 [39]

The answers to the question are:

  • The machine that is the constraint is the machine c.
  • The product m = 80 units and n = 80 units
  • Net profit = $3600

<h3>1. How to solve for the constraint of the machine</h3>

We have to solve for the workload of the machines

For A. 20*100 = 2000

For B, 5 * 100 + 10 *80

= 500 + 800 = 1300

For Machine C = 15 * 100 + 15 * 80

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The time at the workstation in c is more than the constant time of 2400, hence the constraint that we have is machine c.

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