When each firm produces 8 units, Big Inc has a lower total cost, and when each firm produces 12 units, Mega crop has a lower total cost.
<u>Explanation:
</u>
When each product is made 8 units, Big Inc does have a smaller total cost, and when each company produces 12 units, Mega Crop does have a smaller total cost.
A single company producing goods without near competition has a monopoly, whereas an oligopoly market does have an amount limited of extremely large companies producing similar or slightly separate goods. For both cases, the entrance of other businesses is significantly impeded.
By nationalization of a good or service like postal system a government could create a monopoly.
Answer:
$325,000
Explanation:
Given that,
Total variable costs = $219,600
Total fixed costs = $126,750
Total revenues = $360,000
Required sales in dollars to break even:
= [Total fixed cost ÷ (Total revenues - Total variable costs)] × Total revenues
= [$126,750 ÷ ($360,000 - $219,600)] × $360,000
= ($126,750 ÷ $140,400) × $360,000
= 0.9028 × $360,000
= $325,000
Yarrak kafalilar niye cevap var gibi gosteriyorsunuz
Answer:
Option (d) is correct.
Explanation:
If there is an improvement in the technology then as a result the producers will be able to produce more quantity of automobiles with the same level of resources. This will increase the supply of automobiles and shift the supply curve rightwards.
At the same time, the economy is experiencing a recession. This will reduce the income of the consumers and hence, the demand for automobiles also decreases. This will lead to shift the demand curve leftwards.
As a result of these shifts in the demand and supply curve, the equilibrium price will fall and the impact on equilibrium quantity is indeterminate because it will be dependent upon the magnitude of the shift of demand and supply curve.
Answer:
Cost of goods sold is subtracted from net sales.
Explanation:
A company makes gross profits after deducting the cost of producing the goods and the cost of selling them from the net sales. In other words, gross profit is income that has not been subjected to fixed costs and taxes.
In calculating gross profit, you take the net sales and subtract the cost of goods sold.
The net sale is the total revenue after adjusting for sales return, allowances, and discounts. i.e., revenue (sales) minus discounts allowed, minus sales allowances, and minus return inwards.
The cost of goods sold is the expenses a business incur in producing its products. In calculating the cost of goods sold, take opening stock, add net purchases, and minus closing stock.
Net purchase is purchase minus discounts received, minus purchases allowances, minus purchases returns
Gross profit is a measure of a company's efficiency in the use of its suppliers and labor in its production process.