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lara [203]
3 years ago
13

A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because:_______

Business
2 answers:
shusha [124]3 years ago
8 0

Answer:

D

Explanation:

A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because average cost and marginal cost are equal.

Gemiola [76]3 years ago
7 0

Answer:

The correct choice is -  Price is equal to the Marginal Cost.

Explanation:

Socially desirable price refers to the point on the graph where the demand (D) stands equal to or intersects the marginal cost (MC). That is MC = D.

The challenge with setting prices like this is that the business in arriving at the price of its product(s) and or service(s) has not taken into consideration the fixed cost to the business. To breakeven, the owner of a business must know its Average Total Cost (which takes into consideration both marginal and fixed costs) and set its prices equal to same. To make a profit however the business must set its prices above the Average Total Cost.

Recall that ATC = MC +  F/Q where

ATC = Average Total Cost

MC = Marginal Cost

F = Fixed Cost

Q =  Quantity of goods produced

D =  Quantity of goods demanded

Cheers

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__________ strategy describes the use of benefit and compensation packages in order to support both HR and competitive strategie
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Answer:

Total compensation strategy.

Explanation:

It is also known as total reward strategy. A total compensation plan includes much more than a basic salary. This includes medical plans, retirement options, flexible work schedules, vacations, days off with pay, dining rooms, gyms, vehicle allocation, housing plans, performance bonuses, activities for the welfare of the collaborator, among others.

6 0
3 years ago
At the beginning of the? year, joan? steel, inc. purchased? 10,000 shares of smith? metals, inc. for? $34,000 in exchange for ca
Lana71 [14]
<span>Assuming no other transaction happened during the year, the long term investments in the balance sheet will increase. The answer is letter A.This is because Joan already purchased 10,000 shares of Smith Metals Inc. for $34,000 in exchange for cash and at the same time, she holds 3.2% of the voting stock of Smith Metals Inc. Also, Joan's company, Steel Inc.  wanted o hold the stocks for two years.</span>
7 0
3 years ago
Do you think it is possible for an outsider to accurately discern about the underlying cultural values of an organization by ana
Rudiy27

Answer:

From the given variables, an outsider might be able to understand roughly 35% of the organization's culture.

Explanation:

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5 0
4 years ago
During the final or phaseout stage of the project life-cycle, __________ is the dominant goal of many project managers.
Anarel [89]
During the final or phaseout stage of the project life-cycle, scope is the dominant goal of many project managers.
6 0
3 years ago
Kimberly sold equipment that she uses in her business for $50,000. Kimberly bought the equipment two years ago for $60,000 and h
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Answer:

$20,000 ordinary gain

Explanation:

Data provided in the question:

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Now,

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= $60,000 - $30,000

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= $50,000 - $30,000

= $20,000

Hence,

$20,000 ordinary gain

7 0
4 years ago
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