The name of the contract is CALIFORNIA SALES CONTRACT AND CIVIL CODE. This contract is majorly used for purchase of lands in California. The conditions attached to the use of the contract has make it less attractive to people who desire to purchase landed properties in California.
A monopolist maximizes profits at the output at which marginal revenue equals marginal cost.
<h3>Who is a monopolist?</h3>
It should be noted that a monopolist simply means an individual that controls the sale of a particular good in the market.
In this case, a monopolist maximizes profits at the output at which marginal revenue equals marginal cost.
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Answer:
Standard activity level= 100,000 units
Explanation:
Giving the following information:
Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hour per unit.
Standard activity level= 600,000/6= 100,000 units
Answer:
Date Details Debit Credit
December 31, Employee benefits expense $41,150
Medical insurance payable $31,500
Employee Retirement program $9,650
payable
Working
= 31,500 + 9,650
= $41,150
Answer:
There are two answers to this::
1. No social or moral taboos on production
2. A competitive market system
