Answer:
price equals average total cost.
Explanation:
Normal profit exists basically when economic profit = $0. Economic profit is not the same as accounting profit. Accounting profit just considers revenues - actual expenses. While economic profits considers accounting profit - implicit or opportunity costs. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.
A company will maximize its accounting profits when economic profit = $0. This will happen when marginal revenue = marginal costs. All companies should try to sell at this level of output and price, but since the monopoly is being regulated, the price will probably be set considering total costs, not marginal costs.
In the attached graph you can find the point that maximizes profit at (Q,P), but the marginal cost then increases more than total costs. That is why regulators will probably use the average total cost as reference for setting the output for a monopoly.
Answer:
The depreciable cost of the equipment is b. $75,000
Explanation:
Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by total cost (purchase cost, installation cost, ...) of an asset minus its estimated salvage value.
Depreciable cost = Cost - salvage value = $90,000 - $15,000 = $75,000
From Depreciable cost, the company uses a depreciation method to charge depreciable cost to expense over the useful life of the equipment.
Integrated marketing communications is being used by Lush Lawns to promote its business, as they are using the same logo and shade of green in all forms of communication including its online ads, truck signage, Web site, and business cards.
<h3 /><h3>What is
Integrated marketing communications?</h3>
IMC is the process of combining marketing communication aspects such as public relations, social media, and audience analytics to create an integrated marketing communication strategy.
Business development concepts, and advertising into a brand identity that is consistent across many media channels.
Thus they are using Integrated marketing communications.
For more details about Integrated marketing communications, click here
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Answer:
b. non-price competition.
Explanation:
Competition refers to the rivalry among businesses selling similar products to the same customers. The businesses employ various tactics to win more customers, make more revenue, and command a bigger market share. Firms compete on almost every aspect ranging from price, product quality, location, packaging, customer service, and many others.
Business competition is broadly classified into price competition and non-price competition. Price competition is when the price is the basis for competition. Non-price competition is when the competition is based on all the other parameters.
