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2 years ago

How do monopolistic market structures determine prices to charge for goods and services?

Business

1 answer:

neonofarm [45]2 years ago

8 0

Answer and Explanation:

In the monopolistic market structure, there are many producers, sellers and consumers due to which the business does not have total control over the price of the market. In this market structure, there are barriers to entry and exit

As in this market structure, there are a various product that is differentiated that results in non-perfect elastic demand. Also, every firm has their own prices and products so the demand curve should be downward sloping

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Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 244 million barrels of oi

lisov135 [29]

Answer:

Explanation:

Number of completed barrels = 216 + (244-216)*60%

= 233 barrels

Cost per barrel = (3245+3230)/233 = 27.8

Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions

Cost of work in process ending inventory = (244-216)*60% * 27.8

= 467.04 million

4 0

3 years ago

Bravo inc owns 20,000 of the 40,000 outstanding shares of bello, inc. common stock. During 2021, Bello earns 1,200,000 and pays

stealth61 [152]

Answer:

the ending balance of the investment account is $870,000

Explanation:

The computation of the ending balance of the investment account is shown below:

= Beginning balane + [(earns - dividend) × (owns shares ÷total shares)]

= $750,000 + [($1,200,000 - $960,000) × (20,000 ÷ 40,000)]

= $750,000 + $120,000

= $870,000

Hence, the ending balance of the investment account is $870,000

4 0

2 years ago

Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, follow: Fees earned $900,

Virty [35]

Answer:

Net income is $135,00 from the income statement.

Explanation:

In the Income Statement for a particular year, all expenses all expenses for the year are deducted from the income to arrive at net income for that year. Based this, we have:

Paradise Travel Service Income Statement For the Year Ended May 31, 2018

Details ($) 

Fees earned 900,000

Office expense (300,000)

Miscellaneous expense (15,000)

Wages expense (450,000)

Net income  135,000 

Therefore, net income is $135,00 from the income statement.

6 0

3 years ago

Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.65 at the end of the year. Its div

Korolek [52]

Answer:

option 14.92%

Explanation:

Data provided in the question;

Expected annual dividend to be paid = $0.65

Expected growth rate = 9.50%

Walter’s stock currently trades = $12.00 per share

Now,

Expected rate of return = $\frac{\textup{Expected dividend}}{\textup{Stock price}}\times100\%$ + Growth rate

Expected rate of return = $\frac{\$0.65}{\$12.00}\times100\%$ + 9.50%

Expected rate of return = ( 0.054167 × 100% ) + 9.50%

Expected rate of return = 5.4167% + 9.50%

Expected rate of return = 14.9167 ≈ 14.92%

Hence, the correct answer is option 14.92%

4 0

3 years ago

Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materi

aniked [119]

Answer:

10.9 per unit

Explanation:

Total manufacturing cost per unit= Material cost per unit + Conversion cost per unit

Material Cost per Unit= Total materials cos / Equivalent units of materials

Material cost per unit = 55000 / 10000 = 5.5

Conversion cost per unit = Total conversion costs / Equivalent units of conversion costs

Conversion cost per unit = 81,000 / 15000 = 5.4

Hence, Total manufacturing cost per unit = 5.5 +5.4 = 10.9 per unit

7 0

2 years ago