Answer: Option (d) is correct.
Explanation:
Correct Option: Marginal revenue equals marginal cost.
Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.
The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.
Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.
<h3>What is contract?</h3>
A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.
Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.
All retail floor sweepers in Florida are required to be certified and pay annual dues.
As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.
Therefore, the contract is unenforceable.
Learn more about the contract, refer to:
brainly.com/question/2669219
#SPJ1
Answer: $300,000
Explanation:
As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:
= Overhead / Direct labor cost * 100%
= 5,340,000 / 890,000 * 100%
= 600%
If direct labor cost is $50,000 then overhead applied will be:
= Direct labor cost * Overhead rate
= 50,000 * 600%
= $300,000
Option a is the correct answer because the second stage is c2 for acceptance from two stages c1 and c2.
The second stage of a two-stage acceptance sampling plan is executed when the first-stage result is <u>c1 < x1 < c2</u>.
A sampling plan is a detailed outline of when, what materials, how, and by whom measurements will be taken. Statistical sampling plans obey the laws of probability, so valid inferences about a population can be drawn from the statistics of a sample drawn from the population.
A sampling distribution is a statistical probability distribution obtained from a large number of samples from a given population. The sampling distribution for a given population is the frequency distribution of the different outcomes that can occur for a population statistic.
Learn more about Sampling here brainly.com/question/12892403
#SPJ4
Answer:
the correct answer is D
Explanation:
because it says what a welder does