Answer:
$86.67 is the profit maximizing price for the monopolist
Explanation:
In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula
Price= Marginal cost* (elasticity/elasticity+1)
Marginal cost = $65.0065
Elasticity = -4
Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67
Answer:
What's Taking So Long? If you don't receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. ... You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.
Explanation:
Answer:
35.09%
Explanation:
Data provided as per the question
Gross profit on sales = $3,053,000
Sales = $8,700,000
The computation of gross profit in percentage is as shown below:-
= Gross profit on sales ÷ Sales
= $3,053,000 ÷ $8,700,000
= 35.09%
Therefore, for computing the gross profit in percentage we simply divide the gross profit with sales.
Answer:
(A) "So, the government decides to reduce the tariffs on imported raw materials."
(B) "It also introduces special economic zones where certain goods can be traded tax-free."
Explanation:
Liberal economic policies usually revolve around deregulation of many governmental policies, since advocates tend to prefer a market that is as free as possible – meaning, it is free of governmental influences. Liberal economy is also a form of capitalism, and thus they would support (A) and (B) most, since it reduces barriers for businesses to operate at a profit.
They would not support (C) and (D) since these two concepts are instead socialist economic policies.
Answer: d. If intermediate goods were counted, then multiple counting would occur.
Explanation: Gross domestic product (GDP) measures economic output--the value of final goods and services produced within a country's borders. If intermediate goods (goods that are used to make final products) were counted, then multiple counting would occur. This is the reason why in calculating the gross domestic product (GDP) for a specific year, only final goods and services (goods and services that are ready for sale or use) are included. Doing this does not mean that intermediate goods and services are not factored in in its calculation. What it means is that each intermediate step in a supply chain counts the value added at each step leading to the production of the final good.
