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Ray Of Light [21]
3 years ago
15

Which of the following total cost functions suggests the presence of a natural​ monopoly?

Business
1 answer:
monitta3 years ago
8 0

Answer: B. TC​ = 50​ + 20Q

Explanation:

A Natural Monopoly is generally associated with a firm that has very high initial fixed costs. These costs are generally related to the use of high scale technology or machinery to operate effectively.

Some examples include, gas pipelines, electricity grids, and the like.

They act as both a deterrent for companies to join the market as well as to exit.

Option B shows the typical Total Cost function of a Natural Monopoly and reflects the high initial costs as well.

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The name of the Department that is primarily involved in the sourcing, screening and hiring of personnel is:
zloy xaker [14]

Answer:

Explanation:

Hr

8 0
2 years ago
When Bill's Diner moves from the production combination of 35 burgers and 25 hotdogs to the combination of 25 burgers and 65 hot
Aleonysh [2.5K]

Answer:

<h2>In the context of Consumer Theory or Indifference Curve involving two goods,the opportunity of any one good is computed by how much of the other good is foregone or sacrificed to purchase one more unit of that particular good.</h2>

Explanation:

  • In this instance,when Bill's diner consumes 35 burgers and 25 hotdogs,its opportunity cost of additional hot dog=\frac{35}{25} =\frac{7}{5}=1.4.Therefore,initially Bill diner's opportunity cost of an additional hot dog is 1.4 units of burger.
  • Now,when Bill's diner chooses to consume a combination of 25 burgers and 65 hot dogs,its opportunity cost of additional hot dogs=\frac{25}{65} =\frac{5}{13} =0.385 approximately.Hence,Bill's diner is willing to sacrifice approximately 0.385 units of burger to consume an additional unit of hot dog.
  • Now,due to the change in consumption combination,the change in opportunity cost of additional hot dog=(1.4-0.385)=1.015 units of burger.Notice,that here the opportunity cost of additional hot dog decreased from 1.4 units of burger to 0.385 units of burger as Bill's diner changed the consumption combination of both burgers and hot dogs.
7 0
3 years ago
Examine the scenarios to determine the protected status, unprotected status, existence, or non-existence of a trade secret.
DedPeter [7]

Answer:

Protected status

Explanation:

In simple words, the trade secret is said to be protected when it has an economic value to the founding company or the company handling it and anyone who is exposed to the information regarding that is legally bound to not to disclose it.

Thus, from the above we can conclude that the given scenario indicates protected status.

6 0
3 years ago
Find the sticker price for a vehicle with the following features and costs: Suggested retail price of $13,760, destination charg
deff fn [24]

Answer:

$15,780

Explanation:

The sticker price for a vehicle with all the features is the total of all the given cost elements.

These include the retail price, destination charge, cruise control, custom sound etc.

Hence, the sticker price for the vehicle

= $13,760 + $475 + $800 + $235 + $510

= $15,780

6 0
3 years ago
Charlie's brother, Alexander, also consumes apples (A) and bananas (B). Alexander's utility function happens to be U(A, B) = 5A
Andrei [34K]

Solution :

U(A, B) = 5A + 2B

a). Bundles (40, 5) = U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.

So, U(40, 5) = U(x, 2)

   (40 x 5) + (2 x 5) = 50x + (2 x 2)

     210 - 4  = 5x

       x = 41.2

So Alexander has 40 apples and 5 bananas. The indifference curve though (40, 5) also include bundle.

Therefore, (41.2, 2)

b). $MRS_{BA} = \frac{MU_B}{MU_A}$

                  $=\frac{\delta U/\delta B}{\delta U/\delta A}$

                  $=\frac{2}{5}$

                 = 0.4

So Alexander  has 40 apples and 5 bananas with this bundle. Alexander would like to give up 0.4 unit apples for a banana.

7 0
3 years ago
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