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EleoNora [17]
3 years ago
14

Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil

l want to produce at the point that the marginal revenue is equal to the marginal cost. Explain in detail the two reasons that the monopoly’s marginal revenue will always be less than its price while the marginal revenue in the perfectly competitive market will always be equal to the market price.
Business
1 answer:
defon3 years ago
6 0

Answer:

The overview of the given statement is described in the explanation segment below.

Explanation:

<u>Monopoly Market: </u>

  • The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
  • Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).

<u>Perfectly Competitive Market: </u>

  • The  price shall be calculated whenever market forces are equivalent.
  • The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.

Thus,

⇒  AR=P =MR

Hence,

⇒  P = MR

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3 years ago
An example of contractionary (taking money away from the general population) fiscal policy would be :
Sever21 [200]
B. I THINK , hoped this helped you 
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3 years ago
Describe the target market for your company's product or service
KengaRu [80]

Answer:

somewhere exposed

Explanation:

the target market for a company's product or service should be a place where consumers stay and not an isolated place but instead a place that will catch the eyes of people

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3 years ago
You bought 100 shares of stock at $15 per share. You sold your 100 shares at S21.75 per share. Calculate your total profit
Elena-2011 [213]

Answer:

Explanation:

If 100 shares were bought at the rate of $15 per share, then the cost of buying all would be

100 x 15 and that equals 1500.

Then if all 100 shares were sold at the rate of $21.75 each, then the total amount realized upon sales would be

100 x 21.75 and that equals 2175

The profit realized from the sales of these shares therefore would be,

profit = selling price - cost price

profit = 2175 - 1500

profit = 675

The percentage gain (profit) would be a percentage of what was spent to buy the shares before eventually selling them, so our percentage gain would be calculated as follows;

% Gain = (Profit/Cost price) x 100/1

% Gain = (675/1500) x 100

% Gain = 45

The percentage gain therefore is 45 Percent.

3 0
3 years ago
Read 2 more answers
Shoshone County uses the consumption method to account for supplies. At the beginning of the year the City had no supplies on ha
zhuklara [117]

Answer:

Expenditures $300,000; Supplies inventory $150,000.

Explanation:

The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.

After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.

Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.

3 0
3 years ago
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