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DiKsa [7]
2 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]2 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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Vlad1618 [11]

Answer: Option (C)

Explanation:

Sociological factors are referred to as or known as elements or factors of the society that tends to radiate negative and positive influence which cause a change in function, structure, elements, and orientation. Sociology tends to mostly study society in regards with its elements, structure, and their development which mostly includes numerous factors such as people and the population, ethnicity, age, gender, religion, view , culture, and etc.

8 0
3 years ago
"When Jiffy-Pop packaged its popcorn in an aluminum skillet, complete with attachable handle, it designed the package to become
user100 [1]

<u>Answer:</u>

Jiffy-Pop’s popcorn, in this case, is an example of <u>innovative packaging.</u>  

<u>Explanation:</u>

The days have passed when packaging is merely a means to secure and label an item. These basic tasks must be performed by packaging in a successful product, however the effect of packaging is progressively higher. It's often appropriate to create many design elements in tandem, so that they are the best and most efficient packages within the project's objectives and limitations.

A new update or innovation may attract customers who are searching for economic benefit or who think they have an unsatisfied need or want. In the case of Jiffy-Pop, the customer need not to buy a skillet and a bowl to cook and place the popcorn, in fact both these functions are performed by the outer innovative packaging done by the Jiffy-Pop’s popcorn itself. Thus, customers tend to buy this product more compared to others.

8 0
3 years ago
Did the realist theory develope in reaction to idealism
yaroslaw [1]
The answer is TRUE
 
Realism and idealism are divergent <span>schools of thought in international relations </span><span>theory. </span>The development of modern realist theory was as a reaction<span> to a liberal tradition that was labelled by the realists as idealism. Although the idealist themselves do not consider</span><span> their approach as unrealistic, the realists think it is.</span>
7 0
3 years ago
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the worksh
Alex17521 [72]

Answer:

The total of adjusted trial balance debit and credit side is $159 after posting the given transactions. The sheet is attached with the full working showing both of the trial balances - un-adjusted and adjusted one.

Explanation:

Following journal entries were posted in the trial balance to adjust it.

<u>Transaction a:</u>

Debit: depreciation expense $3

Credit: accumulated depreciation $3

<u>Transaction b: </u>

Debit: salaries expense $6

Credit: accrued salaries $6

<u>Transaction c:</u>

Debit: Unearned revenue $12

Credit: Revenue $12

When unearned revenue is earned, it is removed from unearned revenue by debiting it and then it is credited to the revenue for the period.

<u>Transaction d:</u>

Debit: supplies expense $9

Credit: supplies $9

<u>Transaction e:</u>

Debit: insurance expense $15

Credit: Insurance prepaid $15

When the insurance is expired, it is deducted from the prepaid insurance by crediting it from prepaid insurance account and it is debited to insurance expense account.

Download docx
3 0
3 years ago
Bezos invited everyone to sell their items on Amazon.
Phoenix [80]

Answer:why

Explanation:

Why

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