1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tomtit [17]
3 years ago
15

1. In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marg

inal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price _____, and the price in the perfectly competitive market would _____. by $15; increase by $15 by $75; increase to $75 by less than $15; increase to $75 to $115; remain unchanged at $60
Business
1 answer:
saveliy_v [14]3 years ago
3 0

Answer:

by less than $15 ; increase to $75

Explanation:

As per the question,

We have been provided a monopoly served the market in which

The marginal cost = $60  

And

The price = $110.  

If the marginal cost increased from $60 to $75,  

∴ The monopoly would raise its price = $75 - $60  

                                                              = $15

And the price in the perfectly competitive market must be greater than $75.

Therefore,

In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would<u> increase to $75</u>.

You might be interested in
According to the literature on organizational conflict, constructive conflict Question 1 options: tends to produce beneficial ou
Tom [10]

Answer:

tends to produce beneficial outcomes, particularly better decision making.

Explanation:

Constructive conflict occurs when there are problems that need to be solved by a team in the organization, and thus influence people to cooperate with creative and innovative ideas for solving the problem that can help to produce beneficial results, especially better decisions.

Constructive conflict helps the organization to be more productive by aggregating different ideas about the same problem and focusing on the solution to the resolution, which increases the sense of team integration, participation and understanding of different alternatives that will be improved so that the organization has the best decision making for such a problem.

8 0
3 years ago
Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro
Luba_88 [7]

Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

Explanation:

The reason is that the you can not make profit if you product is sold in the market at a higher price than the competitor who offers the same product with the same features. So here, Smith can not make profits by selling the product at $8 because here total cost is $8.25 per unit.

So either she should invest in the business equipments which bring efficiencies and keeps the total costs to below $7 or she should shut down her business because the business is turned into loss making machine.

3 0
3 years ago
An insurance company forwards fixed annuity premiums to their general account, where the money is invested. The guaranteed minim
tatyana61 [14]

Answer: c. 3%

Explanation:

The Insurance company guaranteed that the minimum rate that they will pay their policyholders as 3%. Just because the investments are now drawing only 2.5% due to the economic downtown does not absolve them of this agreement.

They must therefore still pay their policy holders the minimum return guaranteed which is 3%.

3 0
3 years ago
The chefs at Lorifusion, a continental restaurant, are given the freedom to try out new ways of presenting their dishes. This he
REY [17]

Answer:

The answer is: A) A creative work environment

Explanation:

Creative working environments usually enable employees to spend time creating different products, being unpredictable, testing different ideas, making mistakes, and innovating.

It's not easy for management to create such working environments, specially when innovation is not linear, is unpredictable and may be inefficient sometimes. But at the long run, innovative companies will tend to dominate their markets.

7 0
3 years ago
The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
Other questions:
  • Why is it important for natural monopolies to exist? they help the consumer decide among several suppliers for a necessary servi
    9·1 answer
  • On January 1, Year 2, Grande Company had a $69,000 balance in the Accounts Receivable account and a $2,500 balance in the Allowa
    11·1 answer
  • What is the main goal of a six sigma implementation?
    5·1 answer
  • According to the Business Case for CSR, a reason companies are becoming more socially responsible is all of the following except
    14·1 answer
  • Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S0(
    13·1 answer
  • Lowering the costs is one of the objectives of the production and logistics function of an international firm. true or false
    11·1 answer
  • True or False: Production runs can be scheduled in one or two shifts. A. True B. False
    10·1 answer
  • Susan is a partner of Andrusian Consulting, a consulting partnership. Susan agrees with Mimms Company that Andrusian will provid
    13·1 answer
  • Define a quality cycle​
    15·1 answer
  • Does the business able to make the most out of the fixed asset?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!