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3 years ago

A monopolist's goal is to maximize _____. marginal revenue marginal cost profits

2 answers:

8 0

A monopolist's goal is to maximize profit. A monopolist is a person or business that has a monoply whether it be in as a good or service. A monopoly is when a single seller or company sells one specific product in the market. This product is unique and there is no substitution available.

Ganezh [65]3 years ago

3 0

A monopolists goal is to maximize economic profit

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Use what you have learned about demand to answer the question. Based on the law of demand, when the price of a specific good dec

Readme [11.4K]

Answer:

The answer is: It will increase.

Explanation:

According to the law of supply and demand, when the price of an specific good or service decreases, the quantity demanded for that good or service will increase.

For example, if the price for a movie ticket is $10, 100 people will go to the movies. If the movie theater starts a promotion and lowers the price for movie tickets to $6, many more customers will be willing to go the movies. Either because they believe watching a movie in the theater is worth 6$ or more, or because they will now be able to afford going to the theater.

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3 years ago

Read 2 more answers

Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying valu

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Answer and Explanation:

The Journal entry is shown below:-

Bonds payable Dr, $500,000

Loss on retirement of bonds Dr, $28,750

($510,000 + $18,750 - $500,000 )

To Cash $510,000 ($500,000 × 1.02)

To discount on bonds payable $18,750 ($500,000 - $481,250)

(Being redemption is recorded)

Here we debited the bonds payable and loss on retirement of bonds as it decreased the liabilities and increased the loss and we credited the cash and discount on bonds payable as it decreased the assets and increased the liabilities

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3 years ago

hotel in Florida has instituted a policy to hire individuals living in close proximity to the hotel premises to reduce instances

Nady [450]

Answer:

Disparate impact.

Explanation:

Types of Discrimination :

-DisparateTreatment. Defendant discriminates overtly against all members of protected class.

-Disparate Impact. Defendant’s apparently non-discriminatory practices result in disproportionately heavy impact on protected class.

Disparate Impact characteristics:

-Indirect discrimination

-Unequal consequences or results

-Decision rules with racial / sexual consequences

-Unintentional discrimination

-Neutral, color-blind actions

-Same standards, but different consequences for different groups

3 0

3 years ago

The budgeted factory overhead cost is $460,000, the budgeted direct labor hours 80,000, and the actual direct labor hours is 6,7

yarga [219]

Answer:

b. $68.65 per direct labor hour

Explanation:

Allocating based on direct labor hours, divide the total budgeted overhead cost with the actual labor cost.

$460,000/6700 hours

$68.65/hour

5 0

3 years ago

Read 2 more answers

apone has the following estimates for the upcoming year: Activity Cost Pool Estimated Overhead Cost Estimated Activity Machine-r

KatRina [158]

Answer:

Activity rate for testing $66.22 per test

Explanation:

we will divide the cost pool over the expected activity base

In this case we divide the $124,500 over the 1,880 tests

$\frac{Activity\: Pool}{Activity \: base}= Activity\:Rate$

124,500 / 1,880 = 66,2234 = 66.22

7 0

3 years ago