The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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Answer:
Before, During and After Processing
Explanation:
Technology can be used to track availability of materials for production <em>before</em> beginning of processing. If materials have fallen below desired level, use of technology can help notify the requisition department on time.
<em>During</em> the process technology can be used to keep track of completion stage of work - in - process materials.
<em>After</em> processing, use of technology can help communicate the availability (in-stock) of finished products which are needed by customers.
Answer:
They should not make the change because the price of the stocks will decrease.
Explanation:
the current price of the stocks using the perpetuity formula = dividend / required rate of return
current price with current capital structure = $5.64 / 0.123 = $45.85
if the company changes its capital structure by increasing debt, the price of the stocks will be
$5.92 / 0.136 = $43.53
since the price of the stocks would actually decrease if the capital structure changes, the change should not be made. The stockholders' wealth is measured by the price of the stocks, and if the price of the stocks decreases, then the stockholders' wealth also decreases.
Answer:
"Customer Orientation Pricing"
Explanation:
According to my research on the different pricing strategies used by different companies, it can be said that the term described by the information within the question is called "Customer Orientation Pricing". This term is defined as the strategy of setting prices according to customers' perceived value of it's goods or services.
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