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Natali5045456 [20]
3 years ago
12

If a monopolist produces 100 units of output at a market price of $5 per unit with marginal revenue per unit equaling $4, we wou

ld expect that if the monopolist's good was provided under pure competition, quantity would be: (Points : 1)
a.Higher than 100 units, price lower than $5, and MR = price
b.Lower than 100 units, price greater than $5, and MR = price
c.Higher than 100 units, price greater than $5, and MR = price
d.Lower than 100 units, price lower than $5, and MR = price
Business
1 answer:
andre [41]3 years ago
6 0

Answer: a. Higher than 100 units , price lower than $5 and Mr = price

Explanation:

Firms competing in perfect market conditions are Price Takers, the produce quantity at the level where Marginal Revenue equals Marginal cost. Since firms are price takers their Marginal Revenue is the Market Price P. They can only increase quantity if they want to earn more profit,  Therefore Price = Marginal Revenue = Marginal Cost.

The Quantity will increase and the price will be lower than $5. Price = Marginal Revenue = Marginal cost. The Price will be $4

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Who is responsible for the actual performance of service tests and periodic inspection of fire detection and alarm systems
I am Lyosha [343]

Owner is only responsible.

Owner

  • Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.
  • He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.
  • Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.

Alarm systems

  • These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.
  • They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.
  • They used to activate Automatically when any heat or fire related substances come closer to it.

learn more about this here-

brainly.com/question/20595654

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4 0
2 years ago
The office space is used equally by Dye's sales and accounting departments. What amount of the above-listed items should be clas
babunello [35]

Answer:

$940,000

Explanation:

The computation of the general and administrative expense is shown below:

= Legal and audit fees + rent for office space × basis

= $580,000 + $720,000 × 50%

= $580,000 + $360,000

= $940,000

In order to find out the general and administrative expense we simply added the legal & audit fees and the rent for office space so that the correct amount could arrive

4 0
2 years ago
REFLECTION QUESTIONS
telo118 [61]

Answer:

Expenses must be close or above $2000 per month

Explanation:

For a business to operate at a profit, its revenues must exceed the expenses by a sizable proposition. Revenues refer to income from business activities, while expenses are the cost incurred in generating that income. Should the costs match or be higher than the revenue, a business will find it challenging to continue operating.

In this case, the business owner is generating revenues of $2000 per month. If he is struggling to stay open, it means the monthly expenses are around or above $2000. The $2000 that the business is generating per month is not sufficient to cater for all expenses and the desired profits. The business owner is probably making losses, and that why he is having trouble keeping the doors open.

8 0
3 years ago
George Washburn had earnings from his salary of $40,000, interest on savings of $1,150, a contribution to a traditional individu
guapka [62]

Answer:

$40,330

Explanation:

Data provided in the question:

Earnings from salary = $40,000

Interest on savings = $1,150

Contribution to a traditional individual retirement account = $1,200

Dividends from mutual funds = $380

Now,

The George's adjusted gross income would be

= Salary + Interest on savings + Dividends from mutual funds -  Contribution

= $40,000 + $1,150 + $380 - $1,200

= $40,330

8 0
3 years ago
Corbin Company was charged​ $25 for a check printing service fee associated with its checking account. Which journal entry is​ r
snow_tiger [21]

Answer:

Dr Miscellaneous expense $25

Cr Cash $25

Explanation:

With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.

Hence journal entry would be;

Dr Miscellaneous expense $25

Cr Cash $25.

3 0
3 years ago
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