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marusya05 [52]
3 years ago
14

Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. Assuming that Bob is a monopolist and maximizing

his profit, which of the following statements is true?
a. The price of Bob's bison burgers will be less than Bob's marginal cost.
b. The price of Bob's bison burgers will exceed Bob's marginal cost.
c. The price of Bob's bison burgers will equal Bob's marginal cost.
d. Costs are irrelevant to Bob because he is a monopolist.
Business
2 answers:
alexdok [17]3 years ago
8 0

Answer:

B

Explanation:

It is B

AysviL [449]3 years ago
4 0

Answer:

b. The price of Bob's bison burgers will exceed Bob's marginal cost.

Explanation:

As Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. His objective is to maximized his profit as he is a monopolist. He will keep his price higher than his marginal cost to get maximum gain in the situation of monopoly. So the correct option is b. The price of Bob's bison burgers will exceed Bob's marginal cost.

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2 years ago
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Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
ivanzaharov [21]

Answer:

Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary  

Explanation:

Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today

Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7

The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.

6 0
3 years ago
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Transportation stocks currently provide an expected rate of return of 15%. TTT, a large transportation company, will pay a year-
steposvetlana [31]

Answer:

The answer is: 10% constant growth rate

Explanation:

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We can also calculate this with the following formula:

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The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.

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