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Taya2010 [7]
3 years ago
11

$25, which is higher than what the price would have been if the industry were a pure monopoly $25, which is lower than what the

price would have been if the industry were a pure monopoly $20, which is higher than what the price would have been if the industry were a pure monopoly $20, which is lower than what the price would have been if the industry were a pure monopoly

Business
1 answer:
Paul [167]3 years ago
6 0

Answer: $25, which is lower than what the price would have been if the industry were a pure monopoly

Explanation:

Your question is incomplete as it is missing some elements.

I have attached it to this answer.

In a Perfect Competition, the price is set at the point where Marginal Cost equals Marginal Revenue. It is worthy of note that in a Perfect Competition, the Marginal Curve and the Demand curve are the same so the point where MC intersects the Demand Curve in the graph is the price they will charge at which is $25.

This will however be less than what Monopoly would charge. A Monopoly would also charge at the point where Marginal Revenue equals Marginal cost. For the Monopoly that point is given at the 90 output point. If you then plot it to the Demand curve you will find that it is a figure greater than $25 which is Pm in the other graph I attached. That is what the price would be in a perfect Monopoly.

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External benefits in consumption refer to benefits accruing to those a. who bought and consumed the product.b. who are selling t
Sphinxa [80]

Answer:

The correct answer is d) other than the ones who consumed the product.

Explanation:

An external benefit happens when producing or consuming a good or service, causes a benefit to a third party or person.

For example:

When a constructor builds a new block of apartments, the developer should build access roads to the new construction. The external benefit appears when these roads can be used by the residents of other buildings and the neighbors.

3 0
3 years ago
The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,00
Alex_Xolod [135]

Answer:$722,000

Explanation:

The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.

3 0
3 years ago
What is a marketing strategy in which the focus is on small but profitable market segments?
Goryan [66]

Niche marketing strategy is a marketing strategy in which the focus is on small but profitable market segments.

Niche marketing is defined as the strategy of channelizing  all the marketing efforts towards one well-defined segment of the population. There is one important thing to understand that ‘niche’ does not exist, but  it is created by a smart marketing technique and identifying what the customer wants.

This can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem which was not presented by other firms. A niche market does not mean a small market, but it involves specific target audience with a specialized offering.

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3 0
1 year ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.9 pound
Stella [2.4K]

Answer:

Childress Company

Orders for K1 should be filled first.

Orders for G9 should be filled second.

Orders for S5 should be filled third.

Explanation:

a) Data and Calculations:

                                                               K1            S5           G9

Direct materials per unit (pounds)       4.9           2.4           5.4

Materials available for production = 58,400

Selling price                                      $ 167.40  $ 99.28  $ 210.02

Variable costs                                       89.00     76.00      149.00

Contribution margin per unit           $  78.40  $ 23.28   $   61.02

Contribution margin per pound         $16          $9.70       $11.30

Orders for K1 should be filled first

Orders for G9 should be filled second

Orders for S5 should be filled third.

b) This order filling sequence will maximize the contribution margin per pound, ensuring the highest efficient use of the limited materials available for production.

3 0
2 years ago
A firm has inventory of $46,500, accounts payable of $17,400, cash of $1,250, net fixed assets of $318,650, long-term debt of $1
Vedmedyk [2.9K]

Answer:

The common-size percentage of the equity is c. 66.87 percent

Explanation:

Total asset of the firm = Inventory + Cash + Net fixed assets + Accounts receivable = $46,500 + $1,250 + $318,650 + $16,600 = $383,000

Liabilities = Accounts payable + Long-term debt = $17,400 + $109,500 = $126,900

Basing on Accounting Equation Formula :

Total Assets = Liabilities + Owner’s Equity

Owner’s Equity = Total Assets - Liabilities = $383,000 - $126,900 = $256,100

The common-size percentage of the equity = ($256,100/$383,000) x 100% = 66.87%

6 0
3 years ago
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