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kipiarov [429]
3 years ago
7

What is lower production cost?

Business
1 answer:
kobusy [5.1K]3 years ago
4 0
The products which is in the lower price than the other stocks in the same market
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Cognitive reappraisal

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Suppose a monopolist produces output where total revenue is maximized. at that output, the price elasticity of demand for the mo
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Suppose a monopolist produces output where total revenue is maximized. At that output, the price elasticity of demand for the monopolist's output is equal to one.

What is Monopoly?

A monopoly is a market structure where one producer or seller holds a significant amount of influence within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and discourage competition. A company that enjoys monopoly status lacks replacements for its goods and faces little internal competition. Monopolies have the power to set prices and create barriers to entry for competing companies. Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.

To know more about monopoly refer:

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1 year ago
If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the prod
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Answer: C. 50%

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From the above question, If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the production process then the percentage completion for conversion costs is 50%

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