1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nonamiya [84]
3 years ago
14

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a

profit-maximizing pure monopoly occurs where ____.
Business
2 answers:
Monica [59]3 years ago
8 0

Answer:

The options for this question are the following:

a. marginal cost equals average revenue.

b. marginal revenue equals average cost.

c. average total cost equals average revenue.

d. marginal revenue equals marginal cost.

The correct answer is d. marginal revenue equals marginal cost.

Explanation:

The pure monopoly arises when there is a total absence of competition, due to independent entry barriers to the company's competitive capacity.

A single company offers a product that has homogeneous characteristics, which has no substitutes and for that reason has a large number of buyers. There are also economic, technological or legal barriers that prevent the entry of potential competitors. That is, there are barriers to entry.

In general, a monopoly situation occurs in the market when a single company controls the level of production and price of a product in the market. We could say that this single company has the ability to determine the price to be charged for that product and will have the power to decide the amount of production it will offer to the market.

Levart [38]3 years ago
5 0

Answer:

As a general rule, all companies maximize their accounting profits when their marginal revenue (MR) = marginal cost (MC), and at the same time their economic profit = $0

Explanation:

Since monopolies control the market, they can actually make economic profits by selling a lower quantity since MR > MC, but that also means that their accounting profit is not maximized.

Economic profit = accounting profit - opportunity costs

If economic profits exist, it means that the company is not maximizing the use of its resources, and could actually be using them to do something else and earn more money.

You might be interested in
Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded s
kiruha [24]

Answer:

Future Value= $156,901.16

Explanation:

Giving the following information:

Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded semi-annually.

To calculate the future value of this investment, we need to use the following formula:

FV=PV*(1+i)^n

PV= 98,000

i= 0.08/2= 0.04

n= 6*2= 12

FV= 98,000*(1.04^12)= $156,901.16

6 0
3 years ago
Give the formulas for and plot average fixed​ cost, AFC, marginal​ cost, MC, average variable​ cost, AVC, and average​ cost, AC,
zloy xaker [14]

Answer:

AFC = \frac{TFC}{q}

MC = \frac{d}{dq} TC

AVC = \frac{TVC}{q}

AC =  \frac{TC}{q}

Explanation:

The cost function is given as C=9+q^{2}.

The fixed cost here is 9, it will not be affected by the level of output.

The variable cost is q^{2}.

AFC = \frac{9}{q}

MC = \frac{d}{dq} TC

MC = \frac{d}{dq} C=9+q^{2}

MC = 2q

AVC = \frac{TVC}{q}

AVC = \frac{q^2}{q}

AVC = q

AC =  \frac{TC}{q}

AC =  \frac{[tex]C=9+q^{2}}{q}[/tex]

AC = \frac{9}{q} +q

3 0
3 years ago
What is a consequence of ending a performance appraisal interview on a negative note? Both the supervisor and employee may devel
Ahat [919]

Answer:

The correct answer is letter "C": The employee whose performance was appraised may develop a deflated ego.

Explanation:

Appraisal interviews are conducted to discuss the performance of employees. The company sets a standard of how the duties of workers must be developed and employees are evaluated based on those guidelines. The closer the employee method or woking is to the company's standards, the possibilities of scoring higher increase.

However, not all employees end up with a good score after appraisals. <em>Those who are provided with negative notes typically develop a deflated ego since their performance was qualified as lacking. Managers must follow up on these workers to make sure they are not discouraged and that they accomplish the objectives their roles demand.</em>

4 0
4 years ago
A list of n items is arranged in random order; to find a requested item, they are searched sequentially until the desired item is
kompoz [17]
<span>n/2 = average number of items to search. Or more precisely (n+1)/2 I could just assert that the answer is n/2, but instead I'll prove it. Since each item has the same probability of being searched for, I'll simulate performing n searches on a list of n items and then calculate the average length of the searches. So I'll have 1 search with a length of 1, another search looks at 2, next search is 3, and so forth and so on until I have the nth search looking at n items. The total number of items looked at for those n searches will be: 1 + 2 + 3 + 4 + ... + n Now if you want to find the sum of numbers from 1 to n, the formula turns out to be n(n+1)/2 And of course, the average will be that sum divided by n. So we have (n(n+1)/2)/n = (n+1)/2 = n/2 + 1/2 Most people will ignore that constant figure of 1/2 and simply say that if you're doing a linear search of an unsorted list, on average, you'll have to look at half of the list.</span>
6 0
3 years ago
Ryan’s shoe store sells a variety of shoes. His “active shoes” campaign is reaching the daily budget cap by the early afternoon.
Lyrx [107]

Answer:

The correct answer is "Ryan should increase the budget cap of the campaign"

Explanation:

The current campaign "active shoes" reached the budget cap.

And the goal is to increase the traffic for his products, the solution is,  increase his budget campaign cap.

Daily budget caps on campaigns allows you to manage the costs, making sure you don’t pass your target spend.

7 0
3 years ago
Other questions:
  • Diverse Diversions, Inc., makes video, games. Ember buys a copy of Final Infinity. Inside the package is a shrink-wrap agreement
    9·1 answer
  • Researcher wants to conduct a secondary analysis using a centers for disease control and prevention (cdc) database that was coll
    5·2 answers
  • Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.
    15·1 answer
  • Quality Progress, February 2005, reports on improvements in customer satisfaction and loyalty made by Bank of America. A key mea
    12·1 answer
  • What is progressive discipline
    14·2 answers
  • True or false. the human population began to grow at an unprecedented rate with agricultural advances that occurred starting fro
    12·1 answer
  • The ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the m
    5·1 answer
  • An industrial manufacturer that works with one or a few large clients and develops products that only these clients will use is
    9·1 answer
  • The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the first ones sold. B. a
    15·1 answer
  • g A producer of beverages and snack foods wants to market its products to the 18-to34-year-old demographic by providing incentiv
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!