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stepan [7]
3 years ago
8

When a firm operates under conditions of monopoly its price is:?

Business
1 answer:
Amiraneli [1.4K]3 years ago
4 0
Havent you played monoply?
You might be interested in
You are an economist studying the small country of Mardodus. As you look at the data, you see Mardodus has experienced an influx
WINSTONCH [101]

Answer: Natural rate of unemployment will decrease because the productivity growth in the short term has passed up wage growth.

Explanation:

The natural unemployment rate simply means the lowest unemployment rate where the inflation in the economy is stable.

Based on the information given in the question, if the natural unemployment rate for this time frame.is analyzed, the natural rate of unemployment will reduce due to the fact that the productivity growth in the short term has passed up wage growth.

3 0
3 years ago
A portfolio manager buys $1 million of U.S. Treasury bills maturing in 90 days at a price of $990,390 and discount rate of 3.8%.
ioda

Answer:

A. Outperforming the benchmark

Explanation:

Calculation to determine what the manager's portfolio

First step is to calculate the Treasury bill, bond-equivalent yield for U.S.

Using this formula

Treasury bill

=(Face value − Market value) / Market value × 365 / 90

Let plug in the formula

Treasury bill= ($1,000,000 − 990,390) / 990,390 × 365 / 90

Treasury bill=0.0097 × 0.04056

Treasury bill= 3.93%.

Second step is to calculate The total market value of the portfolio

Total market value portfolio=$990,390 + $100,000 + $200,000

Total market value portfolio= $1,290,390

Now let calculate the manager's portfolio

Manager's portfolio=3.93% ($990,390 / $1,290,390) + 4.34% ($100,000 / $1,290,390) + 4.84% ($200,000 / $1,290,390)

Manager's portfolio=3.93%(76.75%)+4.34%(7.75%)+4.84%(15.50%)

Manager's portfolio=0.0410*100

Manager's portfolio= 4.10%

Therefore Based on the above calculation the manager's portfolio is 4.10% OUTPERFORMING THE BENCHMARK because the manager's portfolio of 4.10% is higher than bond-equivalent yield benchmark portfolio of 4.0%.

7 0
3 years ago
If potential GDP is equal to $600 billion, what does the long-run aggregate supply curve look like?A) It is a horizontal line at
Ede4ka [16]

Answer:

C) It is a vertical line at $600 billion of GDP

Explanation:

Aggregate supply is the total value of goods and services that companies established in a country are willing to produce and sell for each price level over a given period of time. It is therefore the sum of the supply curves of each firm.

Potential GDP, in turn, is the value of all final goods and services produced by an economy over a given period of time when all factors of production (capital and labor) are being tapped. It is the maximum production point of an economy. In this example, the potential GDP is 600 billion.

In the long run, an increase in the general price level does not affect aggregate production. Thus the aggregate supply curve of an economy represents the sum of all supply in a situation in which all factors of production are employed. This makes the vertical aggregate supply curve at 600 billion.

7 0
3 years ago
Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,
kramer

Answer:

<u>A.  income statement for Sorensen Manufacturing Company</u>

Sales                                                                            $329,500

Less Cost of Sales

Opening Finished Goods Inventory         $0

Cost of Goods Manufactured              $184,300

Less Finished Goods Inventory           ($37,700)      $146,600

Gross Profit                                                                  $182,900

Less Expenses

selling expense                                                           ($84,300)

administrative expense                                               ($37,000)

Net Income or Loss                                                       $61,600

<u>B. inventory balances at the end of the first month of operations.</u>

Raw Materials Inventory =     $15,800

Work In Process Inventory  = $58,200

Finished Goods Inventory  =  $37,700

Explanation:

<u>Raw Materials Inventory Calculation :</u>

<em>Open a Raw Materials T - Account</em>

Debit :

Opening Balance                                         $0

Purchases                                                $68,500

Totals                                                       $68,500

Credit:

Used in Production                                 $52,700

Closing Balance (Balancing figure)        $15,800

Totals                                                       $68,500

<u>Work In Process Inventory Calculation :</u>

<em>Make a Schedule of Manufacturing Cost</em>

Raw Materials                                        $52,700

direct labor wages                                 $78,800

factory overhead                                   $111,000

Total cost of Manufacture                   $242,500

Less Transfer to Finished Goods      ( $184,300)

Work In Process Inventory                    $58,200

<u>Finished Goods Inventory Calculation :</u>

Transfer to Finished Goods                 $184,300

Less Cost of Sales                               ($146,600)

Finished Goods Inventory                      $37,700

6 0
3 years ago
A receiving department receives copies of purchase orders for use in identifying and recording inventory receipts.The purchase o
xenn [34]

Answer:

C

Explanation:

This process is an internal audit way of ensuring an effective procurement procedure.

Using the method , the quantity of all the items delivered are cross checked to the quantity in the purchase order to ensure completeness,

One of its limitation is that in the situation of a partial delivery , it may not be able to discover over-payment as bank information is not used along .

Foe a more effective result , it is advised that bank information should be incorporated into the internal audit procedure.

3 0
3 years ago
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