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Illusion [34]
3 years ago
9

Monopolies are inefficient compared to perfectly competitive firms because monopolies produce output with average total cost exc

eeding average revenue produce output with average total cost exceeding average revenue A produce more output than is social desirable produce more output than is social desirable B charge a price less than marginal revenue charge a price less than marginal revenue C charge a price greater than marginal cost charge a price greater than marginal cost D charge a price less than average total cost
Business
1 answer:
DanielleElmas [232]3 years ago
7 0

Answer:

C. charge a price greater than marginal cost charge a price greater than marginal cost

Explanation:

  • A monopoly exists when the person or the enterprise is the sole provider of the goods and commodities. The supplies have complete control of the market as they form a single entity.
  • They are thus characterized by a lack of economic competition. Due to they are monopolies they change higher prices on the outputs rather than the average revenue. Hence are called price setters.
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In a period of rising prices, the inventory method which tends to give the highest reported net income is:
Blizzard [7]

Answer:

b. first-in, first-out.

Explanation:

Generally, there are three methods for estimating the inventory shown below:

1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones

2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase

3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.

4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory

In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.

7 0
3 years ago
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per
Arturiano [62]

Answer:

$150,000

Explanation:

The computation of value of ending inventory under absorption costing is shown below:-

Total Cost per unit = Direct Material per unit + Direct Labor per unit + Variable Overhead per unit + Fixed Overhead per unit

= $5 + $4 + $3 + ( $200,000 ÷ 25,000 units)

= $5 + $4 + $3 + $8

= $20

Ending Inventory in units = Units produced - Units sold

= 25,000 - 17,500

= 7,500

Cost of Ending Inventory = Total Cost per unit × Ending Inventory units

= $20 × 7,500

= $150,000

So, for computing the cost of ending inventory we simply multiply the total cost per unit with ending inventory units.

8 0
3 years ago
Bond co. is using the target cost approach on a new product. information gathered so far reveals: expected annual sales 400,000
Bezzdna [24]

<span>The target selling price per unit is $0.77, According the accounting books I have search,using this solution: ($168,000 divided by 400,000) + $0.35= $0.77.Target costing is an approach in most company to know a product’s life cycle cost in which it is sufficient to develop specified functionality and quality.</span>

5 0
3 years ago
Shades n Hues is a company producing cosmetics. It supplies products to stores and beauty salons and also manages its own retail
Gala2k [10]

By producing their own cosmetics and then selling them, Shades n Hues are engaging in<u> Forward Integration.</u>

<h3 /><h3>What is Forward Integration? </h3>
  • It refers to companies engaging in activities forward in the supply chain.
  • It refers to when producers are also engaged in distributing their products to consumers.

By producing their own products and then either selling to other companies or to the consumer directly, Shades n Hues is engaged in forward integration as they have moved forward in the supply chain.

Find out more on the supply chain at brainly.com/question/25560748.

6 0
2 years ago
When examining the​ person-job fit of someone who is high in​ extroversion, we might expect that people high in extroversion wou
Artist 52 [7]

Answer: Dependable on communication

Explanation:

An extrovert is a person who is at ease with communication, working in a company whose culture is effective communication will be a great fit.

7 0
3 years ago
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