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2 years ago

10

Suppose a perfectly competitive market is suddenly transformed into a monopoly (all competing firms are consolidated into a sing

le entity). We would expect price to _____, output to _____, consumer surplus to _____ and deadweight loss to _____.

1 answer:

Digiron [165]2 years ago

5 0

just you know what it must be that i think

Explanation:

suppose a perfectly competitive market is sufdenly what think so

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Sunday or Monday, depending on what loacation.

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2 years ago

True or False: Food Corp., a business with its headquarters and major operations in the United States of America, also has an of

mote1985 [20]

Answer: False

Explanation:

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2 years ago

On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable or

Korolek [52]

Answer:

ore deposits 7,147,920 debit

cash 7,147,920 credit

--to record purchase of land with ore deposit--

machinery 1,900,080 debit

account payable 1,900,080 credit

Account payable 1,900,080 debit

Cash 1,900,080 credit

--to record machine installation and payment of it 2 days later--

depletion expense 368,535

depreciation expense 97,965

ore deposit 368,535‬

equipment accumulated depreciation 97.965‬

Explanation:

the first entries are quite self-explanatory

<u>Now, to calculate the depreication and depletion:</u>

The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.

depreciation for the year:

466,500 / 9,048,000 x 7,147,920 = 368.535‬ ore deposit amortization

466,500 / 9,048,000 x 1,900,080 = 97.965‬ equipment depreciation

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You are expressing communication skills

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