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2 years ago

Cost behavior refers to the methods used to estimate costs for use in managerial decision making. True False

Business

1 answer:

bazaltina [42]2 years ago

8 0

Answer:

True

Explanation:

It's A.A because it makes more sense then b Falsehood

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If we are told specifically to pay attention to a particular element of a decision or event, we are likely to miss all of the su

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2 years ago

Jimmy corporation uses the weighted-average method in its process costing system. the ending work in process inventory consists

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Weighted-average method

Materials Labor and Overhead

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3 years ago

Which of the

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Answer:

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1 year ago

Read 2 more answers

A monopoly market is characterized by the inverse demand curve P = 1,200 – 40 Q and a constant marginal cost of $200. If the mar

Sergeeva-Olga [200]

Answer:

The profit maximizing output level declines by 2.5 units and the price rises by $100.

Explanation:

In a monopoly market the inverse demand curve is given as,

P = 1,200 - 40Q

The marginal cost of production of the last unit is $200.

The total revenue is

= $Price\times Quantity$

= $1,200Q - 40Q^{2}$

The marginal revenue of the last unit is

= $\frac{d}{dx} TR$

= 1,200 - 80Q

At equilibrium the marginal revenue is equal to marginal price,

MR = MC

1,200 - 80Q = 200

80Q = 1,000

Q = 12.5

Putting the value of Q in the inverse demand function,

P = $1,200 - 40\times 12.5$

P = $700

Now, if the marginal cost rises to $400,

At equilibrium the marginal revenue is equal to marginal price,

MR = MC

1,200 - 80Q = 400

80Q = 800

Q = 10

Putting the value of Q in the inverse demand function,

P = $1,200 - 40\times 10$

P = $800

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3 years ago