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Svetradugi [14.3K]
3 years ago
11

In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal c

ost, then total surplus is maximized.
true/false
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

False

Explanation:

In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal cost, then total surplus is maximized.

As for any extra unit produced

Marginal Benefit > Marginal cost = Surplus

Marginal Benefit = Marginal cost = No Surplus / No loss

Marginal Benefit > Marginal cost = loss

When your Marginal benefit is maximum and Marginal cost is minimum then the surplus will be maximized.

Most efficient situation in which benefit is maximum and the cost is minimum results in maximized surplus.

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A monopolist:
Llana [10]

Answer:

The answer is C. can earn profits or incur losses in the short run.

Explanation:

A monopolist maximizes profit or minimizes losses by producing that quantity that corresponds to when marginal revenue = marginal cost. However, if the average total cost is above the market price, then the firm will incur losses, equal to the average total cost minus the market price multiplied by the quantity produced

5 0
3 years ago
"Investment X offers to pay you $5,800 per year for 9 years, whereas Investment Y offers to pay you $8,600 per year for 5 years.
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Answer:

Present value of investment X = $41,225.37

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Explanation:

The present value of the cash flows can be found by discounting the cash flows at the discount rate.

This can be found using a financial calculator

Cash flow each year from year 1 to 9 for investment X = $5,800 

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Present value = $41,225.37

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Present value = $37,233.50

I hope my answer helps you

5 0
3 years ago
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klasskru [66]

Answer:

First option is the right choice.

Explanation:

He will not have as much money for college classes, because he will have to pay for the trailer and its maintenance.

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8 0
3 years ago
Until this past century, infancy was the life-stage with the highest mortality rate. ______ was/were also a time of high risk, d
OverLord2011 [107]

The answer in the space provided is early childhood and toddler hood because they are likely to be prone to infectious disease as they are still young and have a weak immune system that made them susceptible to be associated with diseases that they could obtain easily.

6 0
3 years ago
Which of the following is a general two-year college level degree
svetlana [45]

Answer:

an associates degree

Explanation:

8 0
3 years ago
Read 2 more answers
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