YALL ARE SO MOTHER FUCĶING DRAMATIC OVER A QUESTION

To determine the production level, the monopolist sets marginal cost equal to price.

Vlad1618 [11]

Your answer is false.

6 0

4 years ago

Demand for an electric fan is related to its selling price p (in dollars) by the equation n = 3680 − 80 p where n is the number

Ket [755]

Answer:

The price of $23 will maximize the total revenue.

Explanation:

Revenue is a function of price multiplied by quantity. Thus, the equation for revenue is,

Let p be the price.

Revenue = (3680 - 80p) * p

Revenue = 3680p - 80p²

To find the price that will maximize the revenue, we need to take the derivative of this equation as derivative tell us about change.

Taking derivative,

d/dp = 1 * 3680 - 2 * 80p

0 = 3680 - 160p

160p = 3680

p = 3680 / 160

p = 23

So, at price p=$23, the total revenue will be maximized.

6 0

3 years ago

Chicago Company reported the following information at the end of the current year

Nookie1986 [14]

Answer:

37,000 common stock outstanding

preferred stock dividends = $82,000 x 10% = $8,200

Case A The preferred stock is noncumulative, the total amount of dividends is $32.000

dividends distributed to preferred stockholders = $8,200
dividends distributed to common stockholders = $32,000 - $8,200 = $23,800

since the preferred stocks are non-cumulative, if dividends are not paid during a certain they are "lost" and will not be recovered.

Case B The preferred stock is cumulative, the total amount of dividends is $24,600

dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
dividends distributed to common stockholders = $0

Case C The pretend stock is cumulative, the total amount of all dividends is $90,200

dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
dividends distributed to common stockholders = $90,200 - $24,600 = $65,600

5 0

3 years ago

(Last word) which market structure best characterizes the various internet markets?

Bess [88]

The answer to the given question above is option A. Differentiated oligopoly is the market structure that best describes different internet markets. When we say differentiated oligopoly, this is when different markets produce the same product but make a slight difference in order to differ their prices. Hope this helps.

6 0

3 years ago

The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit

Naya [18.7K]

Answer:

Labor efficiency variance = $5,760 (Favorable)

Explanation:

We know,

Labor efficiency variance = (Standard hour - Accrual hour) × Standard rate

Given,

Accrual hour = 2,400

Standard hour = Budgeted direct manufacturing labor hours × Actual units produced

or, Standard hour = 0.22 × 12,000

Standard hour = 2,640 hours.

Standard rate = $24.

Putting the values into the formula, we can get

Labor efficiency variance = (2,640 - 2,400) hours × $24

Labor efficiency variance = 240 × $24

Labor efficiency variance = $5,760 (Favorable)

As standard hours is higher then actual hours, it is a favorable situation.

7 0

3 years ago