Answer:
A. 10,000
Explanation:
The dividends declared during the company's recent year can be viewed from the perspective of changes in retained earnings since the end of the year retained earnings are a function of the beginning of the year retained earnings, net income and dividends as captured in the formula below:
closing retained earnings=beginning retained earnings+net income-dividends
closing retained earnings=$91,000.
beginning retained earnings=$75,000
net income=$26,000
dividends=the unknown
$91,000=$75,000+$26,000-dividends
dividends=$75,000+$26,000-$91,000
dividends=$10,000
Answer:
A) QE = 400, PE = 250
QW = 325, PW = 375
b) east market has more elastic market demand
Explanation:
Given data :
Marginal cost = $50 ( both markets )
demand and marginal revenue in each market are given differently
a) Determine/find the profit-maximizing price and quantity in each market
For east market :
50 = 450 - QE
hence QE = 450 -50 = 400
since QE = 400 ( quantity for east market )
400 = 900 - 2PE
PE = 250 ( PROFIT maximizing price for east market )
For west market
50 = 700 - 2QW
Hence QW = 325
since QW = 325
325 = 700 - pw
PW = 375
B) The market in which demand is more elastic is the east market because the quantity demanded is higher and also the profit maximizing price is lower as well
B. You make less than 100’000
Answer:
9.50 dollars
Explanation:
The marginal revenue is the revenue generated for an additional sale.
In this case the new customer will generate an additional revenue equal to the service change to him. This amount is for 9.50 dollars. So, this is the marginal revenue for an additional sale.
The rest of the option are incorrect.
I believe the correct answer would be option A. The government regulate natural monopolies by ensuring and overseeing one supplier. A natural monopoly would happen when a largest manufacturer of a certain industry would have a very big gap as compared to other competitors. These industries are being regulated so as to minimize monopolization and to maintain the competitive equality between industries. Monopolies are mainly being governed by antitrust laws on a national level and on an international level. The ways that the government is regulating are establishing average cost pricing, price ceiling, Rate of return regulations and taxation laws.
