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DiKsa [7]
3 years ago
9

g If James's marginal and average costs is $8, and his firm is in a perfectly competitive industry, James's price is $_____ less

than if the firm is a monopoly.
Business
1 answer:
vaieri [72.5K]3 years ago
3 0

Answer:

James's price is $4 less than if the firm is a monopoly. A further explanation is given below.

Explanation:

Marginal income should have been equivalent to the marginal cost expenses as there was a Monopoly. The marginal price is calculated at 8 dollars. That being said, marginal income is declining.

  • It costs $15 for maybe the first unit,
  • $13 for its second unit,
  • $11 for the third unit,
  • $9 only for the fourth unit,
  • $7 for the fifth unit.

When making the 4th unit, no marginal income as well as marginal cost becomes nearest. It, therefore, means that, as it generates 4 units, the Monopoly price would have been $12. Whether it is a reasonably open market, the cost should always be equivalent to marginal revenue, meaning $8 would be the price.

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Allushta [10]

I'm pretty sure the answer would be a budget? A good budget is a way you can keep track of your money. Like what you are spending it on in different categories (like bills, entertainment, food, etc) and how much money is being spent in each.

4 0
3 years ago
What factors are involved when there is an interaction between a person and an experience?
olganol [36]

Answer:

The correct answer is letter "A": sociocultural factors.

Explanation:

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5 0
3 years ago
On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life
Lelu [443]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life and $20,000 salvage value at the end of its useful life.

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3 0
3 years ago
An oil refinery is located 1 km north of the north bank of a straight river that is 2 km wide. A pipeline is to be constructed f
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Answer:

The point p should be located to 4.42 km far from the refinery

Explanation:

Minimum of these costs occurs when <em>x = 1/\sqrt{3}</em> , so <em>distance </em>should be <em>m</em> km to the east of the refinery.

<em>m = 5 - x </em>

<em>m = 5 - 1/\sqrt{3}</em>

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m = 4.42 km

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Explaination about floating rate notes as a type of bond​
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