Answer:
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Answer:
Effect on income= $5,000 increase
Explanation:
Giving the following information:
One-time offer:
1,000 units at $25 per unit.
<u>Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.</u>
Unitary cost= 12 + 8= $20
Effect on income= 1,000*(25 - 20)
Effect on income= $5,000 increase
Answer:
It occur where MR = MC
Explanation:
Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.
In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.
It is stated as MR = MC.
Answer:
A) The coffee market includes a small number of firms.
Explanation:
Collusion in business refers to an illegal cooperation between competitors in order to disrupt the market's equilibrium. Competitors should be competing against each other, not making agreements between them to reduce competition.
Collusion generally harms smaller competitors and consumers, that is why it is considered illegal.
