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Alexandra [31]
3 years ago
9

The fixed cost element of a mixed cost is the cost of having a service available. true

Business
1 answer:
hichkok12 [17]3 years ago
3 0
Cost is fixed price . services taxes true
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Sources of monopoly power
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<span>Ban-lore In Entry Exclusive Dwnershlp Government- ol' a Key mated Economies Scenarlo Raoul-an Honopollel of Scale In order to own and opelate a taxi, drivers are required to obtain a taxi medallion. ’7 ’3‘ ’7‘ The Aluminum Company of America (Alcoa) formerly controlled all U.S. sources of bauxite, a key component In the production of aluminum. Given that Alcoa did not sell bauxite to any other h h n companlu, Alcoa was a monopolist in the U.5. aluminum industry from the Iatchnineteenth ' century until the 19405. In the natural gas industry, low average total oosls are obtained only through large-scale production. In other words, the initial oost of setting up all the necessary pipes and hoses makes F‘- r‘ ”i“- it risky and, most likely, unprofitable for competitors to enter me market.</span>
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3 years ago
Read 2 more answers
Suppose that the supply function for honey is p=​S(q)=0.4q+2.8​, where p is the price in dollars for an 8​-oz container and q is
Ivanshal [37]

Answer:

The demand function is p= (-2.1)*q + 15.3

Explanation:

The supply function for honey is p=​S(q)=0.4*q+2.8​, where p is the price in dollars for an 8​-oz container and q is the quantity in barrels. The equilibrium price is ​$4.80. So, the equilibrium quantity is:

4.80=0.4*q+2.8​

Solving:

4.80 - 2.8=0.4*q

2=0.4*q

2÷0.4= q

5=q

The demand​ function, assuming it is linear, is p=​m*q+b

The equilibrium quantity is 5 barrels and the equilibrium price is ​$4.80; and the demand is 4 barrels when the price is ​$6.90. So:

\left \{ {{4.80=m*5+b} \atop {6.90=m*4+b}} \right.

Isolating the variable "b" from the first equation, you get:

4.80 - m*5= b

Replacing the previous expression in the second equation you get:

6.90=m*4 + 4.80 - m*5

6.90 - 4.80=m*4 - m*5

2.1= (-1)*m

2.1÷(-1)= m

-2.1=m

Replacing the value of "m" in the expression 4.80 - m*5= b you get:

4.80 - (-2.1)*5= b

Solving you get:

15.3= b

So, <u><em>the demand function is p= (-2.1)*q + 15.3</em></u>

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3 years ago
Park uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods
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Answer:

below

Explanation:

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The Molding Department of Kennett Company has the following production data: beginning work in process 25,000 units (60% complet
Masja [62]

Answer:

450,000 units

Explanation:

This question asks to calculate the equivalent units of materials. It must be known that equivalent units are calculated by multiplying the number of physical units by percentage of completion.

The question assumes that materials are entered at the beginning of the process.

Mathematically, the equivalent units for materials = started into production + Beginning work in process

= 25,000 units + 425,000 units = 450,000 units

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In the largest clinical trial ever​ conducted, 401,974 children were randomly assigned to two groups. the treatment group consis
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<span>The requirements are satisfied; the samples are simple random samples that are independent, and for each of the two groups, the number of successes is at least 5 and the number of failures is at least 5.</span>
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