One of the most serious negative results of the increased use of databases by companies has been

Suppose a monopolist discovers a way to perfectly price-discriminate. Under this scenario, consumer surplus is . What are the ef

natali 33 [55]

Answer:

The correct answer is: zero; zero.

Explanation:

If a monopolist discovers a way to perfectly discriminate, it means that the monopolist will charge equal to the willingness to pay from each consumer.

The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.

Since each consumer is paying price equal to its willingness to pay, the consumer surplus will be zero.

There will be no efficiency costs. The monopolist will sell output where the maximum price the consumer is willing to pay is equal to or greater than the marginal cost. So all efficient trades will occur, there will be no efficiency costs.

4 0

3 years ago

Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni

aleksandrvk [35]

Answer:

540,000 units

Explanation:

Budgeted Production Units:

= Budgeted Sale Units + Ending Inventory of Finished Goods - Beginning Inventory of Finished Goods

= 570,000 units + 68,000 units - 98,000 units

= 540,000 units

Therefore, the number of units Paradise Corporation would have to manufacture during the year would be 540,000 Units.

6 0

3 years ago

In marketing children's products, it's extremely important to produce television commercials that hold the attention of the chil

Tju [1.3M]

Description of this experiment: This type of experiment would be deemed as completely randomized, as the subjects are chosen at random to watch the commercial. The subjects are 15 children under 10 years old. The different factors in this experiment are the commercials, as well as the 3 levels of products (types). The response in this experiment would be the children's attention span.

6 0

4 years ago

Solly Corporation produces a product for national distribution. Standards for the product are: Materials: 12 ounces per unit at

Lelechka [254]

Answer:

Efficiency variance $4,000 unfavorable

Explanation:

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate .

Hours

1000 units should have taken (1000× 2 hours) 2,000

but did take 2,500

efficiency variance in (hours) 500 unfavorable

Standard rate × $8

Efficiency variance 4,000 unfavorable

3 0

3 years ago

Read 2 more answers

On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash $ 32,600 Maria Lopez, Drawing $

Archy [21]

Answer:

Explanation:

Dr Fees Income $ 51,750

Cr Income summary $ 51,750

(To close income account)

Dr Income summary $ 26,250

Cr Depreciation expense $2,550

Cr Salaries expense $ 16,600

Cr Supplies expense $ 2,800

Cr Telephone expense $ 2,400

Cr Utilities expense $ 4,450

(To close expenses account)

Dr Income summary ($51,750-$26,250) $ 25,500

Dr Maria Lopez Capital $ 25,500

(To record transfer of net income into capital account)

Dr Maria Lopez Capital $ 13,100

Cr Maria Lopez Drawings $ 13,100

(To close drawing account)

5 0

4 years ago