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At the level of output at which a single-price monopolist maximizes profit, price is Group of answer choices

Sladkaya [172]

Answer:

Greater than marginal cost.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. It is also known as oligopoly, wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Also, a single-price monopolist is an individual or seller that sells each unit of its products to all its customer at the same price. Hence, a single-price monopolist doesn't engage in price discrimination among its customers (buyers).

At the level of output at which a single-price monopolist maximizes profit, price is greater than marginal cost because the marginal revenue would be below the demand curve.

However, if the marginal cost is greater than the price, the monopolist will not make any profit.

<em>In a nutshell, profit maximization for the single-price monopolist occurs at the point where marginal cost is equal to marginal revenue (MC = MR) on the graph of price (P) against quantity (Q) of goods. </em>

6 0

4 years ago

Which of the following is an advantage of using the Clipboard task pane?

guajiro [1.7K]

Place the insertion pointer in your document where you want the pasted text to appear.

Click the Home tab.

In the Clipboard group, click the dialog box launcher. ...

Position the mouse pointer at an item in the task pane.

3 0

3 years ago

Read 2 more answers

Jamison Company has the following obligations at December 31: For each obligation, indicate whether it should be classified as a

Rashid [163]

Answer:

Explanation:

The current liability is that liability in which the obligation is arise for one year or less than one year.

So, the categorization is shown below:

a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability

b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability

c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year

d. Accounts payable of $60,000. = Current liability as it is arise within one year

The current liability is shown on the liabilities side of the balance sheet.

7 0

3 years ago

Grouper Company issued $612,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and

IrinaVladis [17]

Answer:

Bond issue:

Dr cash $624,240.00

Cr bonds payable $612,000

Cr premium on bonds payable($624,240.00-$612,000) $ 12,240

On 30 June:

Dr Interest expense $30,495.68

Dr premium on bonds payable $104.32

Cr cash $30,600

On 31 December :

Dr interest $ 30,490.59

Dr premium on bonds payable($30,600-$30,490.59) $109.41

Cr interest payable $30,600

Explanation:

The cash proceeds from the bond issuance is 102% of the face value of $612,000 i.e $ 624,240.00 (102%*$612,000)

The interest payment on 30 June=$612,000*10%*6/12=$30,600.00

The interest expense on 30 June=$ 624,240.00*9.7705%*6/12=$30,495.68

amortization of premium=$30,600.00-$ 30,495.68=$104.32

Carrying value of bond at 30 June=$ 624,240.00+$30,495.68 -$30,600=$624,135.68

Interest expense on 31 December=$ 624,135.688*9.7705%*6/12=$30,490.59

6 0

3 years ago

During a recent conversation with martha, george is determining which information is useful and accurate and which conclusions a

guapka [62]

<span>In this case, George is performing analytical thinking. He is listening to what information is given to him and is analyzing each piece for its usefulness. He is determining what pieces of information are true and which are false or exaggerated.</span>

7 0

3 years ago