Answer: Option (d) is correct.
Explanation:
Correct Option: Marginal revenue equals marginal cost.
Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.
The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.
Answer:
$3,384.31
Explanation:
first of all we must determine how much money do you need to pay for 3 years of the facility:
PV = $100,000 x 2.6730 (PV annuity factor, 6%, 3 periods) = $267,300
if your mother does not invest more money, she will have $200,000 x (1 + 6%)⁴ = $252,495
this means that your mother will be $267,300 - $252,495 = $14,805 short
her annual contribution = $14,805 / 4.3746 (FV annuity factor, 6%, 4 periods) = $3,384.31
Answer:
The fixed overhead cost that can be eliminated if the bowls are purchased from an outside supplier is a relevant cost. The variable selling cost of the snack is also a relevant cost.
The correct answer is A
Explanation:
Relevant costs are costs that relate to future decisions. All variable costs are relevant for decision-making. Eliminated fixed overhead are also relevant for decision-making.
An increase in the price of a product will reduce the quantity demanded for that product because quantity demanded to increase. The process of figuring out a product's quantitative value based on both internal and external elements is called product pricing. Product pricing directly affects your company's entire success, including cash flow, profit margins, and client demand.
Follow these three procedures to get the selling price per unit for your product: Determine the total cost of all the items you bought. The cost price is obtained by dividing the entire cost by the total number of units purchased. To determine the final selling price, use the selling price formula.
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Answer:
liberalization (free trade policy)
Explanation:
Liberalization trade policy is the opposite to protectionism. The aim of this policy is to boost the economical trade with other countries. International trade under this policy affects prices as they decrease as a result of the imports made from countries were the production of those products is cheaper.