All categories

3 years ago

In the long run a pure monopolist will maximize profits by producing that output at which marginal cost is equal to:

Business

1 answer:

shepuryov [24]3 years ago

8 0

Answer:

2. marginal revenue.

Explanation:

Marginal cost is the extra expense incurred as a result of or producing or selling an additional unit. For a profit-maximizing firm, marginal cost is important as it indicates the point at which production should stop.

Marginal revenue is the income generated by the sale of an extra unit. If the marginal revenue is greater than the marginal cost, a firm will make profits if it produces and sells an extra unit.

A profit-maximizing firm should continue production until the marginal cost equal to marginal revenue. The cost associated with producing the last item should match the income from that item. Further production will result in a loss.

You might be interested in

Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $151,000, i

Aleks04 [339]

Answer:

See below

Explanation:

Sales

$151,000

Less:

Variable cost

($79,700)

Contribution margin

$71,300

Less:

Fixed cost

($56,600)

Ney profit

6 0

3 years ago

The internal customer base for a fire and emergency service organization is made up of employees and members of the organization

Oksana_A [137]

The external customer base of the fire and emergency service organization include members of the public.

<h3>Who are the external customer base?</h3>

An external customer base is made up of customers of a business that are not within the organisation and do not have access to non-public information.

To learn more about external customers, please check: brainly.com/question/14565267

#SPJ1

8 0

2 years ago

Schrank Company is trying to decide how many units of merchandise to order each month. Company policy is to have 25% of the next

Sladkaya [172]

Answer:

56,000 units

Explanation:

The computation of Units to be Purchased in September is shown below:-

= (Sales) + (Ending Inventory for September) - (Opening Inventory for September)

= 34,000 + (25% × 54,000) - (25% × 34,000)

= 34,000 + 13,500 + 8,500

= 56,000 units

Therefore for computing the Units to be Purchased in September we simply applied the above formula.

8 0

3 years ago

The (FOMC) Federal Open Market Committee

Kisachek [45]

Answer:

B) determines the target federal funds rate and the direction of open market operation policies.

Explanation:

The Federal Open Market Committee (FOMC) is made up of 12 members:

the seven members of the Board of Governors of the FED
president of the Federal Reserve Bank of New York
four of the remaining eleven federal reserve bank presidents

Its main roles are to:

set monetary policy
set target federal funds rate
implement the open market operation policies

4 0

4 years ago

Spence, Inc., a calendar year S corporation, generates an ordinary loss of $110,000 and makes a distribution of $140,000 to its

Vilka [71]

Answer:

Explanation:

Beginning stock = 200,000

Less current year distribution= 140,000

Basis before loss= 60000

Less partial loss= 60000

Ending stock basis = 0

Suspended loss =0

8 0

3 years ago