If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
Learn more about monopolies here:
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Answer:
A.1830
B.$1397.75
Explanation:
A.Gross pay
Formula for Gross pay
Gross pay = regular pay + overtime pay
= (40*30)+(14*30*1.5)
=1200+630
= $1830
Part B
B.Net pay
Formula for Net pay
Net pay = gross pay – social security tax – medicare tax – federal income tax
= 1830-(1830*6.0%)-(1830*1.5%)-295
=1830-109.8-27.45-295
= $1397.75
Answer: A coffee shop that also sells pastries would be a secondary competitor for a bakery that sells pastries, among other products.
(took the test)
Answer:
D. A diverse portfolio is more likely to have a stock inside of it that performs amazingly well.
Explanation:
Diversification of portfolio means adding different stocks / shares in investment portfolio.
Option D is correct because when we have different kind of stock, there are chances that if one fails to perform, one can outperform and it is likely to have a stock which can perform amazingly well.
Now we will see that why all the options are incorrect one by one.
option A is not true because it is not necessary that diverse portfolio cannot fail altogether. So it cannot be guaranteed that it will have higher return for sure.
Option B is not true as diverse portfolio cannot have lower volatility if all perform like same.
Option C is also incorrect as correlation is not necessary in diverse portfolio.
Based on the description above, the correct answer that will
describe what a process cost system is, is the first choice in which a work in
process account is maintained for each process. As process cost system is being
used in a way of collecting and assigning the cost in manufacturing in which
produces the units and that it is used when mass are being produced.
