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adell [148]
3 years ago
5

Competitive firms differ from monopolies in which of the following ways? (i) Competitive firms do not have to worry about the pr

ice effect lowering their total revenue. (ii) Marginal revenue for a competitive firm equals price, while marginal revenue for a monopoly is less than the price it is able to charge. (iii) Monopolies must lower their price in order to sell more of their product, while competitive firms do not.
Business
1 answer:
Yuliya22 [10]3 years ago
4 0

Answer:

The correct answer is all three options.

Explanation:

If price is reduced, the total revenue of perfectly competitive firm will not decline because a reduction in price will lead to increase in demand.

A monopoly firm is a price maker. It has a downward sloping demand curve. The demand curve is relatively elastic which means the firm needs to decrease price in order to sell more.

A firm in perfectly competitive market faces a horizontal demand curve,which means it can supply an level of output at the given price.

The demand curve in perfect competition reflects average revenue, marginal revenue and price. So, the price is equal to average and marginal revenue.

In a monopoly, the demand curve represents price and is higher than marginal revenue curve.

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Snow Cap Company has a unit selling price of $250, variable costs per unit of $170, and fixed costs of $160,000. Compute the bre
snow_tiger [21]

The break-even point in units using the mathematical equation  is 2,000 in units and the unit contribution margin is 80 per unit.

<h3>Break even points in units</h3>

a. Break-even point in unit

Using this formula

Break-even point in unit=Fixed cost/(Selling price-Variable cost)

TC = FC + VC

Sales - TC = Net Income

Sales - TC = 0

Sales - FC - VC = 0

2500(Q)-160,000-170(Q) = 0

80(Q)-160,000 = 0

80(Q)=160,000

Q=160,000/80

Q=2,000 break-even in units

b. Unit contribution margin

Unit contribution margin = Selling price- Variable cost

Unit contribution margin= $250 - $170

Unit contribution margin =$80 per unit

Inconclusion the break-even point in units using the mathematical equation  is 2,000 in units and the unit contribution margin is 80 per unit.

Learn more about break-even point here:brainly.com/question/9212451

8 0
2 years ago
Leslie in as administrative manager with a number of exciting new ideas about how to change organizational procedures and run th
Viefleur [7K]

Answer:

discretion.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, managers are required to engage their staff members (entire workforce) in the most efficient and effective manner.

In this scenario, the leadership of the company exhibited a low degree of discretion, which would consequently limit Leslie's ability to influence the other staffs (employees) working in the company while trying to achieve his goal.

6 0
2 years ago
Read 2 more answers
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alina1380 [7]

Answer:

correct answer is Office of Laboratory Animal Welfare (OLAW)

Explanation:

PHS (  Public Health Service ) is an agency which involves animals for use in the department of health and human service  

and (OLAW)  the Office of the Laboratory Animal Welfare is the responsible

for the monitor in compliance with Public Health Service policy and

their guidelines

and  Office of the Laboratory Animal Welfare relies very important for the animal research

so correct answer is Office of Laboratory Animal Welfare

5 0
3 years ago
Select the correct text in the passage.
Zina [86]

Answer:

you need to enlarge the picture, then i can help:)

Explanation:

3 0
3 years ago
Why has the use of teams in the workplace increased so dramatically? What do you believe can be attributed to this?
baherus [9]
The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company. Using team work has some great benefits, which include: increased efficiency, idea generation, enhanced communication, support network, shared workload and a great learning experience. 
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