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Natali5045456 [20]
2 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]2 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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If the capitalization rate on a building that produces a $20,000 annual income is 10 percent, what is the estimated value of the
AysviL [449]

Answer:

Value of building = $200,000

Explanation:

Provided capitalization rate = 10%

Annual income = $20,000

Estimated value of asset = \frac{Annual\ Income}{Capitalization\ Rate}

Since, all the information related to variables used in calculating value are provided we can compute the value of building.

Value of building = \frac{20,000}{0.10} = $200,000

7 0
3 years ago
Which of the following statements is CORRECT?
Ivenika [448]

Answer:

The correct answer is E. One example of an agency relationship is the one between stockholders and managers..

Explanation:

Agency theory is a business technique by which a person or company (the principal) asks another person (the agent) to perform a certain job on their behalf. For an agency relationship to exist, the agent must be authorized by the principal to sign, modify or cancel contracts with third parties on behalf of the principal.

In a way, it is a measure of business representation with perfectly legal validity by which it is compatible to act by separating the property of the company and its control or management on multiple occasions, thanks to the fact that the agreement, despite being carried out by the agent, will have legal and real validity as if the principal had done it in the first person.For example, there are companies that for different reasons benefit more from having an external company for the transport of their goods instead of doing that task for themselves.

Another common example of this type of agency relationship is that maintained by the shareholders of a company and its managers.

8 0
2 years ago
. What statement is relevant to why business marketers consider the buying center model challenging? A large number of participa
Ierofanga [76]

<u>Answer:</u>

<em>It requires marketers to learn about all of the participants and their relative influence on the decision. </em>

<u>Explanation:</u>

Decision making can be performed by individuals or groups and includes employees as well as operational, middle, and senior managers. There are four stages in decision making: intelligence, design, choice, and implementation.

However, information systems are less successful at supporting unstructured decisions..  It requires marketers to learn about all of the participants and their relative influence on the decision.

7 0
3 years ago
Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product I49V
Pavel [41]

Answer:

c

Explanation:

3 0
3 years ago
The difference between a budget and a standard is that:_________.
8090 [49]

Answer:

The answer is A. Standards refer to a company's projected revenues, costs, or expenses

Explanation:

The explanation is the following:

A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.

Standard costing is intensive in appli­cation as it calls for detailed analysis of variances.

In standard costing, variances are usu­ally revealed through accounts.

Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.

8 0
3 years ago
Read 2 more answers
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