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BARSIC [14]
3 years ago
12

A monopolist is producing a level of output at which price is $65, marginal revenue is $35, average total cost is $35, and margi

nal cost is $50. In order to maximize profit, the firm should:
Business
1 answer:
velikii [3]3 years ago
5 0

Answer: Produce less.

Explanation:

Given that,

Price = $65

Marginal revenue = $35

Average total cost = $35

Marginal cost = $50

From the information given, it was observed that marginal revenue is not equal to marginal cost. The profit maximizing condition for a monopolist is at a point where marginal revenue is equal to the marginal cost.

But here marginal cost is greater than the marginal revenue. So, the monopoly firm should produce less output in order to reduce the marginal cost.

You might be interested in
Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding 54,000 shares of $50 par va
horrorfan [7]

Answer:

A. $5.17

Explanation:

Use the following formula to calculate the Earnings per share

Earnings per share = ( Net Income - preferred Dividend ) / Weighted average numbers of outstanding shares

Where

Net Income = $370,000

Preferred Dividend = 10,000 x $100 x 6% = $60,000

Weighted average numbers of outstanding shares = 54,000 shares + ( 18,000 shares x 4/12 ) = 54,000 shares + 6,000 shares = 60,000 shares

Placing values in the formula

Earnings per share = ( $370,000 - $60,000 ) / 60,000 shares

Earnings per share = $5.17 per share

3 0
3 years ago
Which employee labor rate is typically used to produce a project budget?Select an answer:A. salariesB. billable ratesC. burdened
natulia [17]

Answer:

The correct answer is letter "A": salaries.

Explanation:

Estimating project costs of businesses allows measuring the profits and costs the organization might have during operations. That budget must include direct costs such as <em>employees' salaries</em>, materials such as supplies and equipment, and indirect costs like administrative expenditures.

6 0
4 years ago
Under a __________________ structure, there are two chains of command (functional and project), and project participants report
Volgvan

Under a matrix structure, there are two chains of command (functional and project), and project participants report simultaneously to both functional and project managers.

<h3>What is the functional approach?</h3>

The standard functional analysis is expanded in this format and is employed for the first time in the concept study of the vehicle. By using the value matrix, the cost/benefit matrix, the repair time matrix, and the supportability index matrix, the matrix form is utilized to analyze the system's functionality.

An earlier stage of concept vehicle definition allowed the designer-analyst to quickly and easily define the relationship between the choice structure and performance, costs and ranges of the importance of installed components, reliability and cost of repair time, logistic supportability, etc. The extended functional analysis could be the way of defining critical structure that does not impediment the project specification of the vehicle.

To know more about the Functional approach, visit: brainly.com/question/14897152

#SPJ4

8 0
1 year ago
A theme that begins in this course and is carried throughout the Public Information Training Series, the "95/5" concept A. is pr
Firdavs [7]

Answer:

Correct Answer:

B. takes its origin from two sources: management consultant D. Edward Deming and Italian economist Vilfredo Pareto.

Explanation:

<em>In the public information training series, the best option for the theme in question which was been described is the Option B which shows that, it got its origin from two different sources.</em>

6 0
3 years ago
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,100 per cou
yarga [219]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Kenton:

Instructors= $6,100

Denton:

Instructors= $305 per student

A) Sellin price= $347

Kenton:

Sales= 347*20= 6,940

Fixed costs= (6,100)

Net operating income= 840

Denton:

Sales= 6,940

Variable costs= 20*305= (6,100)

Net operating income= 840

B) Sellin price= $227

Kenton:

Sales= 227*40= 9,080

Fixed costs= (6,100)

Net operating income= 2,980

C) Sellin price= $227

Denton:

Sales= 9,080

Variable costs= 40*305= (12,200)

Net operating income= (3,120)

D) Sellin price= $347

Kenton:

Sales= 347*13= 4,511

Fixed costs= (6,100)

Net operating income= (1,589)

Denton:

Sales= 4,511

Variable costs= 13*305= (3,965)

Net operating income= 546

7 0
3 years ago
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