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Simora [160]
4 years ago
9

The inefficiency associated with monopoly is due to a the monopoly's profits. b the monopoly's losses. c overproduction of the g

ood. d underproduction of the good.
Business
1 answer:
Jlenok [28]4 years ago
3 0

Answer:

The correct answer is letter "D": underproduction of the good.

Explanation:

The Allocative Inefficiency of Monopolies refers to the fact that this type of market could come to a point in which <em>production is lower than demand but the prices are still kept high</em>. This situation opposes perfectly competitive markets where many sellers are offer an average product and there is perfect information about the price of a good.

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Brief Exercise 9-2 Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,300 in quarter 2, 14,200 in quarter 3
iogann1982 [59]

Answer:

Quarter                      1                 2            3              4                  Total

Quantity               10,800        12,300     14,200       18,800

Price                   <u>  ×$85            ×$85         ×$85         × $85</u>

Total Sales($)    <u> 918,000   1,045,500  1207000   1,598,000</u>    4,768,500.

Explanation:

T<em>he sales budget is statement showing the expected future quantity to behold and the corresponding expected revenue. T</em><em>he expected revenue is determined by multiplying the selling price by the quantity</em>

Sales budget for Paige Company

Quarter                      1                 2            3              4                  Total

Quantity               10,800        12,300     14,200       18,800

Price                   <u>  ×$85            ×$85         ×$85         × $85</u>

Total Sales($)    <u> 918,000   1,045,500  1207000   1,598,000</u>    4,768,500.

<u />

5 0
3 years ago
The currency of the united states consists primarily of metal coins and paper money.
Mariulka [41]
Answer: True

U.S currency is dollar bills (1, 5, 10, and 20) and coins (Pennie’s, Nickels, Dimes, Quarters)
3 0
2 years ago
Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Acquired $8200 cash by issu
Lyrx [107]

Answer:

$2350.

Explanation:

The computation of the net income is shown below:

= Service revenue - operating expenses

= $4,500 - $2,150

= $2,350

The other items are related to the retained earning account, assets account, stockholder equity account. So, these items should not be considered in the computation part. Hence, ignored it

6 0
3 years ago
What accounts are affected. issued check $644 to pay for an advertisement
mixas84 [53]

Answer:

Bank and Advertisement accounts

Explanation:

Journal entries

Advertisement       A/c Dr     $644

To Bank               A/c                $644  

(Being advertisement expenses made by cheque)

Bank and Advertisement accounts are affected

8 0
3 years ago
What do most economists believe is the relationship between long run expectations of inflation, actual inflation, and the money
puteri [66]

Answer:

In the short run, the Phillips curve states that inflation and unemployment are inversely related. As inflation rises, unemployment decreases. But in the long run, the unemployment rate is fixed and will not be affected by the inflation rate. In the long run a higher inflation rate does not affect the unemployment rate (vertical line).

5 0
3 years ago
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