The cost structures of a monopoly have the same relationships among fixed costs, variable costs, marginal costs, and average cost values as pure competition.
Profits for the monopolist, like all organization, can be identical to total revenues minus total costs. The sample of costs for the monopoly may be analyzed inside the identical framework because the costs of a perfectly competitive firm—that is, with the aid of using using total cost, fixed cost, variable cost, marginal cost, average cost, and average variable cost.
However, due to the fact a monopoly faces no competition its situation and its choice method will fluctuate from that of a superbly aggressive organization.
<h3>What is Monopoly Price?</h3>
A monopoly price is set by a monopoly. A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. Since marginal cost is the increment in total cost required to produce an additional unit of the product, the firm can make a positive economic profit if it produces a greater quantity of the product and sells it at a lower price.
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Answer:
$174.66 which is d on edge
Explanation:
i studied very hard and i made a 100
Answer:
A receivable.
Explanation:
Mild Max Cycles had a notes receivables, which it already discounted with some financial institution, which later on the maturity date stand to be dishonored.
It is clear that the company earlier already collected the money against it, but now as the note receivable was discounted with recourse that is it provided assurance to the financial institution, in case of any failure, thus, the company will pay back to the financial institution and that the company still have the right to receive it back from the note receivable.
Answer:
A)
i) Size( x ) ( measured in ft^2 )
ii) Price ( y ) ( measured in dollars )
B) unit of slope = dollar per square foot
C) slope will be positive
Explanation:
A) The variables and units in this regression are
i) Size( x ) ( measured in ft^2 )
ii) Price ( y ) ( measured in dollars )
<u>B) Units of the slope </u>
unit of slope = dollar per square foot (i.e. y / x )
C) The slope will be positive given that the increase of home size is directly proportional to the increase in price
The entry to record Carrie's trip is a) debit travel expense, $679; credit accounts payable, $679.
<h3>How can we record Carrie's trip?</h3>
The trip is a business expense which means that it will be debited to the Travel expense account because expenses are debited when incurred.
Because the trip was paid for on account, it means that the business now owes the travel agency and so accounts payable will be credited.
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