If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
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Answer:
A) $102,000
Explanation:
The computation of the amount used today for preparing the operating budget is shown below:
= Contract value × forward rate
= $100,000 × $1.02
= $102,000
For computing this, we consider the forward rate and the same is multiplied with the contract value so that the correct amount can come.
All other information which is given is not relevant. Hence, ignored it
Answer:
The correct answer is Habitual Practice
Explanation:
People in <u>realistic</u> careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities and can talk people into doing things their way.
<h3>What is realistic career?</h3>
Realistic career is a career which create leadership roles in its practitioners. It allows its practitioners have more vocal ability and ability to convince people to do their bidding.
Examples of realistic careers are
- Astronauts,
- Firefighters,
- Paramedics,
- Veterinarians.
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Answer:
increase
Explanation:
Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even formula is below;
Break-even = Fixed cost / (Sale price - Variable cost)
If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.
