1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
EleoNora [17]
2 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:
defon2 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

You might be interested in
A dot plot titled Miles Emilia Ran Each Week going from 1 to 6. 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, 4 has 2 dots, 5 has 3
ipn [44]

Answer:

The true statement is " The spread is from 1 to 6."

Explanation:

Consider the provide information.

First we will draw the dot plot as shown in the figure.

Now consider the options.

The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.

Now find the center of the data by calculation the median of the data.

There are 16 dots in total which is an even number.

So, now we will find the average of the two middle values.

This will be the 8th and 9th value average for the given data set of 16 values.

Count from left to right the 8th and 9th values are both 4.

\text{Median}=\frac{4+4}{2}

\text{Median}=4

Hence, the center of the data is 4.

The second statement is false.

The peak of the data is at 6.

The third statement is false.

The spread is from 1 to 6 as we can see in the figure shown below.

Therefore, the true statement is " The spread is from 1 to 6."

8 0
3 years ago
Read 2 more answers
What was the major difficulty for the athletes?
valina [46]

Answer:

injuries

Explanation:

because

4 0
2 years ago
Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) ________ pric
vredina [299]

Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) <u>bundle </u>pricing strategy.

What is bundle pricing ?

A pricing strategy in which managers offer multiple products or services as a single package ("bundle") is called bundle pricing.

Motivation of bundle pricing:

Particularly useful if your customers' demand is highly variable but price discrimination is impractical.

When consumers' price sensitivity of demand varies widely and market conditions make price discrimination difficult

If customers have diverse tastes, it can increase the seller's profit.

It is a method of simulating perfect price discrimination when perfect price discrimination is not possible or when charging multiple prices for the same product is illegal.

Types:

Simple Bundling: When managers offer multiple products or services in a single package so that customers do not have the option of purchasing package components separately

Mixed Bundling: Allows customers to purchase package components as a whole or separately.

Learn more about bundle pricing here: brainly.com/question/23175408

#SPJ4

4 0
1 year ago
The tendency or potential for plasticity is greatest in
nadya68 [22]

Answer:

The correct answer is : Infants from 1 to 2 years old.

Explanation:

According to the <em>Physical and Cognitive Development</em> theory, plasticity is the ability of the brain to overcome the functionality of injured parts. In this sense, preschoolers with brain language areas damaged are likely to take them up due to plasticity since plasticity is greater in infants from 1 to 2 years old.

5 0
2 years ago
No more than 10% of your monthly income should go toward credit card payments.. . false. . true.
evablogger [386]
FALSE.  Pay down the credit card, 100%,  FIRST because it's probably the most expensive credit you have. Don't put things on the credit card that you won't be able to pay for this month.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Because the budget process in texas operates on a two-year cycle, texas legislators have adequate time to gather information, ca
    12·2 answers
  • _____ occurs when investors earn interest in the current time period on interest earned in previous time periods.
    5·1 answer
  • First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest
    8·1 answer
  • The annual revenue of the tie-dye t-shirt operation is currently $5,000 but is decreasing by $500 each year. how fast are annual
    9·1 answer
  • Could someone help me with these questions?! I need help fast
    6·1 answer
  • In Q1 2018, CNA Companies reports the following transactions:
    8·1 answer
  • A bond par value is $1,000 and the coupon rate is 5.1 percent. The bond price was $946.02 at the beginning of the year and $979.
    6·1 answer
  • "Craig, the CEO of ShopRite, Inc., has noticed that one of his store locations has consistently through-the-roof sales numbers.
    9·1 answer
  • Fiji, Inc. started 2025 with $12,000 in assets and $2,500 in liabilities. Fiji had issued 50 shares of stock when it went into b
    7·1 answer
  • You are a real estate owner in Bloomington Indiana and you have rented a house to students. You expect to make 6% per year on th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!