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3 years ago

Why is it in the best interest of the government to regulate natural monopolies?

Business

2 answers:

kap26 [50]3 years ago

7 0

Answer:

To keep costs to a minimum for consumers

Explanation:

Natural monopolies are market structures where fixed costs are high and variable costs and marginal costs are low, eg electricity distribution and public transport. Thus, state production or private production under government regulation becomes necessary to maintain minimum costs to consumers, since the unregulated natural monopoly will generate a smaller quantity and a higher price.

DedPeter [7]3 years ago

5 0

To keep costs to a minimum for consumers <span>is it in the best interest of the government to regulate natural monopolies
hope it helps</span>

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During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0

Yuliya22 [10]

Answer:

Credit to refund liability of $280,000.

Explanation:

The year end adjusting entry would be

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Refund Liability $280,000

(Being the anticipated sales return is recorded)

Here the sales return is debited as it increased the sales return and the refund liability is credited as it increased the liabilities

The same is to be considered

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When a customer deposits $100 of cash into their checking account at a bank, the cash outside the bank decreases by $100, but th

Scilla [17]

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3 years ago

A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2008. It has an estimated useful l

Maksim231197 [3]

Answer:

Explanation:

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Depreciation = value to depreciate/useful years

Depreciation (year) = $20,000/5= $4,000

This formula calculates de depreciation expense each year from the purchase date, which means that on septemeber 1 of 2009 the company will register a depreciation expense of $4,000. But, from september 1,2008 to December 31, 2008 is less than a year we have to calculate the depreciation for each month.

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Depreciation (day) = $333,33/31 = $10,75

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And from december 1 to december 31: 30 days, then $10,75 x 30= $322, 58

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3 years ago

Peter's Pans sells cooking pans for $30 each. The company

viktelen [127]

The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.

<h3>How to solve for the VMP</h3>

= MP * selling price

20 * 30 = 600
19 * 30 = 570
18 * 30 = 540
17 * 30 = 510
16 * 30 = 480
15 * 30 = 450

This has been computed in the excel file that I have attached to the question.

2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage

based on this the labor of the firm would be at 4 units.

3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.