1. Which of the following are the functions of management?:

Economic efficiency requires that a natural monopoly's price be: Select one: A. equal to marginal cost where it intersects the d

slavikrds [6]

Answer: A. equal to marginal cost where it intersects the demand curve

Explanation:

In a pure competition, the market is efficient because it balances demand and supply and gives an equilibrium price that takes both of them into account.

In this market, the price is equal to the marginal revenue of a firm and the profit maximizing level of production is where the marginal revenue intersects the marginal cost.

The efficient level is therefore where price equals marginal cost. The same goes for a natural monopoly. If economic efficiency is to be achieved, the natural monopoly's price must equal the marginal cost at the equilibrium price.

7 0

3 years ago

Marketing communicators must be good at ________ messages that take into account how the target audience ________ them.

earnstyle [38]

It seems that you have missed the necessary options for us to answer this question, but anyway, here are the answers to complete it. Marketing communicators must be good at ENCODING messages that take into account how the target audience DECODES <span>them. Hope this answers your question.</span>

5 0

2 years ago

Read 2 more answers

In the Land of Milk and Honey, they produce two goods: Milk and Honey. In 2014, milk cost $2 a gallon and they produced 10 gallo

Harman [31]

Answer:

Land of Milk and Honey

The real GDP in 2014 is:

= b. $40.

Explanation:

a) Data and Calculations:

Milk Honey Total GDP

Cost per gallon in 2014 $2 $1

Quantity produced 10 20

Total production value $20 ($2*10) $20 ($1*20) $40 ($20 + $20)

Cost per gallon in 2015 $2 $1

Quantity produced 12 24

Total production value $24 ($2*12) $24 ($1*24) $48 ($24+ $24)

Cost per gallon in 2016 $2.50 $1.25

Quantity produced 12 24

Total production value $30 ($2.50*12) $30 ($1.25*24) $60 ($30 + $30)

The real GDP in 2014 is the calculated value of $40. Using 2015 as the base year, there is no inflation since the unit prices of milk and honey remained the same in both years.

6 0

3 years ago

Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24

Wittaler [7]

Answer:

$217,000

Explanation:

Begining Purchases Ending

Raw Materials $ 36,000 $ 69,000 $ 24.000

Work in Process $ 23,000 $ 17,000 $ 6.000

Finished Goods $ 37,000 $ 55,000 -$ 18.000

Direct Lab Costs $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

Total

Raw Materials $ 81.000

Work in Process $ 6.000

Finished Goods -$ 18.000

Direct Labor Costs $ 94.000

Manufacturing Overhead $ 54.000

Costo of Goods Manufactured $ 217.000

5 0

2 years ago

Under a periodic inventory system:____________.

anyanavicka [17]

Answer:

1. accounting records continuously disclose the amount of inventory.

Explanation:

The periodic inventory system is the accounting method of calculating the value of inventory at the end of a specified period of time. Under this system, updates are made on a periodic basis rather than after every sale or purchase of inventory. It continuously tracks the record of inventory by physically counting the inventory and the cost of inventory is calculated by using the inventory calculation method, such as FIFO, LIFO, and weighted averages.

7 0

3 years ago