Something that is illegal and worst is you can get arrested
Answer:
The correct answer is letter "A": It will decrease.
Explanation:
Price floors are price levels the government of a country sets to protect the price of a good will not fall to a level in which producers will not be able to make profits. Since the price level is unlikely to fall,<em> over the years consumers will lose interest in that product and start looking for a substitute at lower prices</em>. <em>The quantity demanded of the price-floor good drops under that scenario.</em>
Answer:
where is the stuff its just the question
Explanation:
Answer:
$33
Explanation:
Given that,
Demand function in state 1: Q1 (p1) = 50 - p1
Demand function in state 2: Q2 (p2) = 90 - 1.5p2
Constant Marginal cost (MC) = 10
Inverse demand:
State 1: p1 = 50 - Q1
State 2: p2 = 60 - (2 ÷ 3) × Q2
Market demand (Q) :
= Q1 + Q2
= (50 - p1) + (90 - 1.5p2)
= 140 - 2.5p
This implies p = 56 – 0.4Q
Now, Monopolist equate Marginal revenue = Marginal cost
Total revenue (TR) = p × Q
= (56 -0.4Q)Q
Marginal revenue (MR) = 56 – 0.8Q
Hence, at equilibrium conditions
56 - 0.8Q = 10
Q = 46 ÷ 0.8
= 57.5
P* = 33
Therefore, the profit maximizing price will be $33.
Answer: a.results in more accurate product costs
Explanation:
In a company that has multiple departments, using multiple overhead rates can help give a clearer view of product costs as costs are apportioned based on the activities in a department.
For example, in a Manufacturing company with a shipping department, you would find that it would be more accurate if for instance, machine hours are used in the Manufacturing department as opposed to labour hours being used in the Shipping department.
This method therefore gives a more accurate measure of the cost of producing different goods in a company which will go further to enable management to price products appropriately as well.
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