At the profit-maximizing output, this firm's total profit will be $280.
<h3>Who is a monopolist?</h3>
A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70
Total profit = 70 x 4 = $280
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Answer:
Year 1= $5,480
Year 2= $5,480
Explanation:
Giving the following information:
Sheridan Chemicals Company acquires a delivery truck for $30,200 on January 1, 2022. The truck is expected to have a salvage value of $2,800 at the end of its 5-year useful life.
Under the straight-line method, the depreciation expense is the same in all of the useful life of the truck.
We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (30,200 - 2,800)/5= $5,480
Year 1= $5,480
Year 2= $5,480
I think small stuff makes such a difference for businesses because you have to take risk if you want to be successful and with those little risks the businesses are successful
Explanation:
trade barriers I believe is the answer
Answer: True
Explanation:
Information asymmetry has to do with the study of decisions taken in transactions where one party has better or more information than the other party. These differences in information or asymmetry leads to a power imbalance in transactions, which can lead to transactions going awry.
When high level of information asymmetry exists between the insiders and outsiders in a business environment, it encourages higher use of debt relative to equity, and more reliance on short- term debt rather than on long- term debt.
