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loris [4]
3 years ago
15

A monopolist A. can charge whatever price it wants because it is the only firm producing the good. B. can usually keep price equ

al to marginal revenue by lowering the price on the last unit sold only. C. is constrained in its pricing decisions by the demand curve it faces. D. faces a demand curve that is more elastic than the demand curve for the industry.
Business
1 answer:
Igoryamba3 years ago
8 0

Answer: A monopolist "C. is constrained in its pricing decisions by the demand curve it faces."

Explanation: The market demand curve (negative slope) for a company that exercises a monopoly position is very important, since it is the one that marks the limit to its decision making. For example, a company that would like to increase its price to the highest possible level could do so, but as the price increases, the quantity it sells is reduced, with which the maximum possible price would lead it to have a demand of zero. On the other hand, if you want to produce as much as possible, again the demand curve works as a border, because for the demand in the market to acquire a greater amount, the price at which you must sell your product is reduced, to the point in that it can meet all the demand at the intersection in the demand curve on the horizontal axis, but at this level the price of the product should be zero. Then it is clear that the demand in the market marks an important restriction for the company to choose an amount or the price at which it will produce.

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Consumers decisions are primarily affected by preference and ________
Nady [450]

Answer:

price

Explanation:

5 0
3 years ago
Read 2 more answers
Tinker Company reported sales revenue of $500,000 and total expenses of $450,000 (including depreciation) for the year ended Dec
uranmaximum [27]

Answer:

Net Cash inflow from operating activities $67,000

Explanation:

The computation of the net cash flow from operating activities is shown below:

Net Income ($500,000 - $450,000) $50,000

Add: Depreciation $10,000

Add: Decrease in account receivable $5,000

Less: Increase in inventory ($4,000)

Add: Increase in account payable $6,000

Net Cash inflow from operating activities $67,000

4 0
3 years ago
MC Qu. 169 A manufacturer reports the following costs to produce... A manufacturer reports the following costs to produce 23,000
Firdavs [7]

Answer:

Unitary product cost= $54

Explanation:

Giving the following information:

Production= 23,000 units

Direct materials= $23 per unit

Direct labor= $19 per unit

Variable overhead= $276,000

<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>

First, we need to calculate the unitary variable overhead.

Unitary overhead= 276,000/23,000= $12 per unit

Unitary product cost= 23 + 19 + 12= $54

5 0
3 years ago
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
malfutka [58]
If you need to indicate the missing ammount of each letter in the grahp then it will be like follows:
 For the first case:
A = $9,600 + $5,000 + $8,000 = $22,600$22,600 + $1,000 – B = $17,000
B = $22,600 + $1,000 – $17,000 = $6,600$17,000 + C = $20,000
C = $20,000 – $17,000 = $3,000
D = $20,000 – $3,400 = $16,600
<span>E = ($24,500 – $2,500) – $16,600 = $5,400
</span><span>F = $5,400 – $2,500 = $2,900
</span>And now for the second case:
G + $8,000 + $4,000 = $16,000
G = $16,000 – $8,000 – $4,000 = $4,000$16,000 + H – $3,000 = $22,000
H = $22,000 + $3,000 – $16,000 = $9,000(I – $1,400) – K = $7,000(I – $1,400) – $22,800 = $7,000
<span>I = $1,400 + $22,800 + $7,000 = $31,200
</span>J = $22,000 + $3,300 = $25,300
K = $25,300 – $2,500 = $22,800$7,000 – L = $5,000
<span>L = $2,000</span>
8 0
3 years ago
A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smar
gayaneshka [121]

Answer:

Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).

Explanation:

Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.

5 0
3 years ago
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