The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.
Answer:
gain of $6,350.
Explanation:
Depreciation expense each year = (cost of asset - residual value) / useful life
($46,200 - $6,300) / 4 = $9,975
Depreciation expense after two years = $9,975 x 2 = $19,950
Value of the equipment in two years = $46,200 - $19,950 = $26,250
If the equipment is sold for $32,600, the equipment would be sold at a profit
Profit = $32,600 - $26,250 = $6350
Product market comparisons that focus on labor costs are likely to deserve greater weight when product demand is inelastic.
<h3>What is the product market?</h3>
The product market is defined as the marketplace where final items or services are sold to firms and the government.
It does not concern trading in raw or another intermediate substances because it concentrates on the selling of finished goods. Business enterprise market and labor market are two speeches that are related to but not interchangeable.
When product demand is inelastic, product market comparisons that focus on labor costs are more likely to be valuable.
Learn more about the product market, refer to:
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The correct answer is false
Answer:
Acceptability
Explanation:
Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.
When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.
However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.
