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Natasha2012 [34]
3 years ago
9

g Firm X is a monopolist with marginal cost of $5/unit. When maximizing profit, Firm X charges a price of $24/unit. What elastic

ity of demand is Firm X facing at its current level of output
Business
1 answer:
Yanka [14]3 years ago
7 0

Answer:

Firm X is facing low elasticity of demand at its current level of output.

Explanation:

This is why Firm X is able to set such a high price of $24/unit when its marginal cost is $5/unit.  Usually, a monopolist does not want to set prices and outputs in the inelastic range of the demand curve.  It is always interested in setting profit-maximizing prices and outputs.  Firm X should be wary of setting too high prices because consumers can decide to lower their demand.

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2 years ago
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The Balance Sheet reports assets, liabilities, and stockholders' equity at a specific date. A : True B : False
marysya [2.9K]

Answer:

A. True

Explanation:

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In this:

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7 0
3 years ago
10 POINTS NEED HELP Explain why you should search your name online before actively seeking employment.
lyudmila [28]

Answer:

By claiming your web presence, you're protected from other people, with the same name, claiming it before you. You also gain control over how you're perceived online, and thus what employers find out about you when they conduct their search

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4 0
2 years ago
You would like to establish a trust fund that will provide $50,000 a year forever for your heirs. The trust fund is going to be
Finger [1]

Answer:

$1,818,181.81

Explanation:

Data provided:

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Now,

The Present value of perpetuity is given as:

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on substituting the respective values, we get

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or

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The amount that must be deposited today to fund this gift is $1,818,181.81

5 0
3 years ago
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Rudik [331]

Answer:

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8 0
3 years ago
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