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A monopolist has the total cost function c(q) = 750 + 5q. The inverse demand function is 140 - 7q, where prices and costs are me

Ierofanga [76]

Answer:

d. the firm will lose $750

Explanation:

marginal cost is the derivate of the cost function: It represent the cost of producting an additional unit

cost: 750 + 5q

dC/dQ = 5

We have determinate that marginal cost is $5 thus, we should price at the same value. The mistake from the goverment is to equalize marginal cost with price instead of marginal revenue.

This will make the firm loss the fixed component of the cost as will sale to pay up the variable cost.

The fixed cost is $750 so that is the loss from operations

4 0

2 years ago

As an advertising manager of a company, you have been asked to write out a proposal stating why the company should advertise and

e-lub [12.9K]

Answer:

Advertising

Explanation:

Considering the present market conditions in which this organization operates I propose to the Company Board that the organization starts advertising on various platforms considering the following reasons:

1. Increase Profit:

When we advertise, we create more sales which in turn leads to an increase in profits.

2. Market share:

The market share for this the company expands as a result of increased customers; due to advertising.

3. Builds Goodwill:

As the company becomes a very popular company because of growing advertising it will increase the trust if customers coming.

3 0

3 years ago

Suppose that Dmitri, an economist from a research institute in Texas, and Frances, an economist from a public television program

posledela

Answer:

Difference in scientific judgements
A. Employers should not be restricted from outsourcing work to foreign nations.

Explanation:

The difference in opinion between these two is based on a difference between in scientific judgments because they believe that different things will happen in response to implementing a different form of taxes.

Regardless of what they think in the above regard, these economists are most likely to support the outsourcing of work if it is cheaper to do so because economists generally believe that the most efficient method of production should be undertaken.

4 0

3 years ago

Garfield Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $230,0

Lemur [1.5K]

Answer:

the difference between operating incomes under absorption costing and variable costing is $180,000 .

Explanation:

The difference between the two Operating Incomes lies in the amount of Fixed Overheads that has been deferred in Inventory.

So, calculation of the difference will be as follows :

Beginning fixed manufacturing overhead in inventory $230,000

Less Ending fixed manufacturing overhead in inventory ($50,000)

Difference between absorption costing and variable costing $180,000

3 0

3 years ago

Refer to the original data.

Slav-nsk [51]

Answer:

Contribution income statement - Assuming that operations are not automated.

Sales (26,000 units at $30 per unit) $780,000

Variable expenses ($409,500/ 19,500 × 26,000) ($546,000)

Contribution margin $234,000

Fixed expenses ($180,000 )

Net operating loss $54,000

Contribution income statement - Assuming that operations are automated.

Sales (26,000 units at $30 per unit) $780,000

Variable expenses ($18 × 26,000) ($468,000)

Contribution margin $312,000

Fixed expenses ($180,000 + $72,000 ) ($252,000 )

Net operating loss $60,000

Explanation:

A contribution Income Statement Shows the contribution (Sales less Variable Costs).

See the Statements for the Assumptions above.

5 0

3 years ago