The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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Answer:
Letter d is correct. <em>Directive</em>.
Explanation:
The directive leadership style is one where there is a leader to advise on essential task requirements, goals, and expectations that should be met by an employee. This style of leadership is often used when there are new or inexperienced employees or when guidance is needed for more complex activities.
The advantages of management leadership are ease of learning, objectivity about organizational expectations, and compliance with compliance with organizational rules and regulations.
Answer:
Incidence; burden; shifted.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
Tax incidence can be defined as the manner or an analysis of how the burden of a tax (tax burden) is divided between the producers of goods and services and the consumers. This is to ensure that the burden for the manufacturing of the goods or services falls or rest on both the producer and the consumer of the product.
Generally, the tax incidence of a product is mainly dependent on the price elasticity of demand and supply of the produc
Additionally, indirect taxes can be shifted from one person to another, while direct taxes cannot be shifted at all.
Answer:
17.60%
Explanation:
The total return , in this case, can be ascertained using the holding period formula provided below:
total return=(P1-P0+dividend+capital gains)/P0
Holding period return refers to the total return earned for holding the mutual fund investment for 1 year.
P1=market value of the fund now=$23
P0=the initial cost of the fund=$20
dividend=$0.22
capital gain= $0.30
total return=($23-$20+$0.22+$0.30)/$20
total return=$3.52
/$20
total return=17.60%
Answer:
Option C.The payment made by Cordelia but not the payment made by Rupert.
Explanation:
Based on the information given we were told that Rupert did the right thing and as well follow the due process and custom of the country because he fills out the license paperwork and as well takes the license paperwork to the correct office in which he pays the front desk person the amount of $100 to process the paperwork while Cordelia on the other hand violated the Foreign Corrupt Practices Act reason been that due to the connections she had in that country she went ahead to schedules an appointment with the minister in charge of commerce because the minister has the authority to determine the foreign companies that can get licenses and she as well pays the minister the amount of $200 to approve their license.
Therefore based on the scenario we can vividly say that the payment made by Cordelia but not the payment made by Rupert violated the Foreign Corrupt Practices Act.
