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Doss [256]
3 years ago
12

The perfectly price-discriminating monopolist is like the __________ in this regard.

Business
1 answer:
Nadusha1986 [10]3 years ago
8 0

Answer:

The correct answer is perfectly competitive firm.

Explanation:

The discriminating monopoly of prices is that where each unit of the product is placed at a different rate. That is, the seller charges each customer differently, depending on various factors such as the budget constraint.

The marginal income curve of the monopolist that can discriminate perfectly is exactly the same as its demand curve. The level of production maximizing the benefit of the benefit is Q *, which is the one in which the CMC curve is cut and the demand, the economic benefit (II).

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The price of diamonds is high, in part because the majority of the world’s diamonds are controlled by a single firm. This is an
kirill115 [55]

Answer:

Option (b) is correct.

Explanation:

This is a case of monopoly market condition where there is a single firm operating the whole market. The price of the products is set by the single firm and the buyers in this market are price taker. The monopolist can earn normal profit, losses and abnormal profit in the short run and can earn normal profit and abnormal profit in the long run.

In our case, the price of diamonds is high because there is only single firm in the whole market and there is no other competitors in the market. That's why they are charging the higher prices.

5 0
3 years ago
What are levels of production?
Vinil7 [7]

Answer:

first one

Explanation:

4 0
2 years ago
Read 2 more answers
Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P
Sonja [21]

Answer:

See attached file

Explanation:

4 0
3 years ago
The business cycle is: a. the pattern of increases and decreases in the money supply. b. the term used to describe fluctuations
leonid [27]

Answer:

The correct answer is option b.

Explanation:

The business cycle can be defined as the fluctuations in the level of output of goods and services produced in an economy in a year. It is also referred to as the trade cycle.  

The business cycle consists of several stages such as recession, depression, expansion, boom or peak, recovery, etc.

The output level tends to fluctuate around its long term trend.

8 0
2 years ago
Glade Company leases computer equipment to customers under direct financing leases. The equipment has no residual value at the e
Dennis_Churaev [7]

Answer:

$51,588.70

Explanation:

The computation of the total amount of interest revenue is shown below:-

Annual lease payments = Fair value of Equipment ÷ PV factor of $1 annuity due

= $323,400 ÷ (1 + (1 - (1.08)^-4) ÷ 0.08)

= $323,400 ÷ 4.31213

= $74,997.74

Now,

Total interest revenue = Gross lease payments receivable - Fair value

= $74,997.74 × 5 - $323,400

= $374,988.70 - $323,400

= $51,588.70

5 0
3 years ago
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