Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, the producer surplus is $3200.
The government provides public services such as railroads. They are therefore the monopoly as no new partners or private companies are allowed to operate the railways. A monopoly is an individual, group, or company that controls a market for goods or services.
A monopolist is a person, group, or company that controls and controls the market for a particular good or service. This lack of competition and lack of alternative goods or services means that monopolists have enough power to charge high prices in the market.
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Answer:
The journal entries should be as follows:
Day 1, you purchase the materials (8 pallets x $200 x 80%)
- Dr Materials Inventory account 1,280
- Cr Accounts Payable account 1,280
Day 31, you pay the first installment (= $1,280 / 3)
- Dr Accounts Payable account 426.67
- Cr Cash account 426.67
Day 61, you pay the second installment (= $853.33 - $426.66)
- Dr Accounts Payable account 426.67
- Cr Cash account 426.67
Day 91, you pay the third installment
- Dr Accounts Payable account 426.66
- Cr Cash account 426.66
Answer:
The correct answer is option B.
Explanation:
In a perfectly competitive market, there is a large number of sellers selling homogenous products. Because of a large number of firms selling identical products, no single firm can affect the price and output level in the market.
All the firms are price takers and face a horizontal line demand curve. There is no restriction on the entry and exit of firms in the market. That is why firms earn zero economic profits in the long run.
Answer:
The correct answer is number (3): in developing relevant information for management decisions.
Explanation:
Incremental analysis is a study firm makes to allocate resources efficiently. It can be used at the moment of comparing the costs of different products to be manufactured to select the lowest that provides more benefits. Incremental analysis can also be implemented at the moment of identifying how a scarce resource should be used ensuring it brings the highest returns possible.
Incremental analysis, also known as differential or marginal analysis, helps managers to make more informed decisions, then.
Answer: 38.77%
Explanation: the IRR is a discount rate that equates the present value of after tax cash flow to the capital amount invested.
Using the financial calculator:
Cash flow for year 0 = -7.99
Cash flow for year 1 = 4.95
Cash flow for year 2= 4.95
Cash flow for year 3= 4.95
IRR = 38.77%
I hope my answer helps.