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sasho [114]
4 years ago
7

A __________________ exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run ave

rage cost curve.
Business
1 answer:
kobusy [5.1K]4 years ago
6 0

Answer:

Natural monopoly

Explanation:

A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.

On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.

Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.

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The central limit theorem is important in statistics because
Gwar [14]

Answer: The central limit theorem is important in statistics because if the variable is larger, the sample distribution of the mean will be normal regardless of how the population size is.

Explanation: The central limit theorem is also referred to as CLT. The CLT will fluctuate as different variables are added while trying to achieve normal distribution for their variables. When trying to find out the equal population, different variables are added to test out the theories.

3 0
4 years ago
Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased eq
zmey [24]

The complete question is as follows:

Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,330,000. Harding paid $315,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $333,000; Building, $990,000 and Equipment, $657,000. (Round your intermediate percentages to the nearest whole number: i.e 0.054231 = 5%. Do not round any other intermediate calculations.)Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,040,000 units over its 5-year useful life and has salvage value of $17,000. Harding produced 269,000 units with the equipment by the end of the first year of purchase.Which amount below is

closest to the amount Harding will record for depreciation expense for the equipment in the first year?

A. $169,936

B. $165,538.462

C. $109,126

D. $88,460

Answer: B. $165,538.462

Explanation

Formula: Depreciation expense = step a

(cost of asset - salvage value)/estimated total units produced

step b = (step a) x actual units produced

step a = (65-17000)/1040000

= step a x 269000 = $B. $165,538.462

6 0
4 years ago
X Company must purchase a new delivery truck and is using the payback method to evaluate two possible trucks. Truck 1 costs $31,
Lady_Fox [76]

Answer:

C: 4

Explanation:

The computation of the payback period is shown below:

Incremental investment in truck 2 is

= $44,000 - $31,000

= $13,000

Now

Year        Cash saving in cost    Cumulative

1                   -$1,000                    -$1,000

2                  $4,000                      $3,000

3                  $5,000                      $8,000

4                 $5,000                       $13,000

5                  $3,000                      $16,000

6                 $3,000                       $19,000

7                 $2,000                        $21,000

7 0
3 years ago
Sheridan Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports G
BigorU [14]

Answer:

b. $19500000.

Explanation:

Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.

Total Contribution can be determined by calculating adding estimated contribution of each division.

Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%

Fixed cost = $7,215,000

Break-even point = Fixed cost / Contribution margin ratio = $7,215,000 / 37% = $19,500,000

7 0
3 years ago
Read 2 more answers
If the entire output of a market is produced by a single seller, the firm
Genrish500 [490]

Answer:

that means the firm is very large

8 0
3 years ago
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