Answer:
b) 100 cars per day.
Explanation:
With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.
So the total labor costs per day is $60 wage per worker X 4 workers = $240
The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.
So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.
If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).
So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.
However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.
What setting must be enabled to view data in Demographics and Interests Reports?
A. Content GroupingB. Advertising featuresC. User permissions on the viewD. In-Page Analytics
Answer: (B) Advertising features
Explanation:
The advertising feature is one of the most important type of setting that enabled to viewing the data in the interest and the demographic report.
The adverting feature is the process of analyzing the given information or data by collecting all the information from the users in the form of google advertisement cookies in the system.
We can easily enable the data in the demographics the interest report by clicking on the button admin and the navigating the given properties by enabling the advertising features.
Therefore, Option (B) is correct.
During modeling of the CRISP-DM method, we would ______. a. clarify business goals for the data mining project b. assess if the model achieves business goals c. apply selected modeling techniques d. select a subset of data to be used and prepare it
Answer:
c. apply selected modeling techniques
Explanation:
The CRISP-DM method is a cross-industry process used for data mining that is understood by all industries that may use it. During modeling of the CRISP-DM method, we would apply selected modeling techniques that are chosen to best meet the goals of this methodology and is understood by all those that will use it.
It is important to apply a selected modeling techniques when modeling the CRISP-DM method.
What is the CRISP-DM method?The CRISP-DM method refers to an industry process that is used for data mining which is understood by all industries that may use it.
During the modeling of the CRISP-DM method, the selected modeling techniques are chosen to best meet the goals of the methodology.
Therefore, the Option C is correct.
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______________ occurs when workers deliberately slow down their pace or restrict their work output.
A. Job loitering
B. Chugging
C. Reinforcing
D. Lagging
E. Soldiering
Answer:
correct option is E. Soldiering
Explanation:
solution
Soldiering occurs when workers deliberately slow down their pace or restrict their work output because soldering is that process in which 2 or 2+ items are joined together for better output
it was the concept of father of scientific management ( Frederick W taylor) when he was working in steel company he use game of soldiering when he going to make bigger output
so here correct option is E. Soldiering
Soldiering occurs when workers deliberately slow down their pace or restrict their work output. The correct answer is option E. Soldiering.
Soldiering, a term popularized by Frederick Winslow Taylor in the early 20th century, refers to the intentional effort by workers to reduce productivity. This behavior can arise from various reasons, such as dissatisfaction with management, unfair wages, or to maintain current job levels and avoid layoffs due to perceived overproduction.
Workers might engage in soldiering to protest working conditions or express dissatisfaction with management practices. By limiting output, they aim to pressure employers into addressing grievances, such as inadequate pay or poor working environments.Another reason for soldiering is to prevent the establishment of high productivity expectations. Workers may fear that if they consistently perform at higher levels, management will raise output standards, making it difficult to maintain those levels without undue stress or risk of job cuts. Thus, soldiering serves as a tactic to manage workload and job security.essler Manufacturers made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends after that will decrease by 1.5 percent annually.
What is the maximum amount you should pay to purchase a share of this stock today if you require a 14 percent rate of return?
1. $11.29
2. $12.64
3. $13.27
4. $14.00
5. $14.21
Answer:
1. $11.29
Explanation:
maximum amount you should pay to purchase a share of this stock today
= 1.75/(0.14 + 0.015)
= $11.29
Therefore, The maximum amount you should pay to purchase a share of this stock today is $11.29
An investor pays $900 for a bond with a principal value of $1,000 and a coupon rate of 8%. How much in annual interest will the investor receive on this investment?
Answer:
Annual Interest = $80
Interest rate = 8.89%
Explanation:
The investor pays discounted price for this bond.
We know, Annual Interest = Coupon payment/Market value
Given,
Coupon payment = Principal value*Coupon rate
Coupon payment = $1,000*8% = $80
Market value = Price pays for the bond = $900
Therefore, the annual interest rate = $80/$900
Annual Interest rate = 8.89%
Note that, coupon payment is the annual interest rate.
________ refers to a dimension of intellectual ability which involves identifying a logical sequence in a problem and using this logical sequence to solve the problem.
A) Inductive reasoning
B) Spatial visualization
C) Form perception
D) Visual perception
E) Visual prosthesis
Answer: inductive reasoning
Explanation: Inductive reasoning refers to a reasoning process wherein the assumptions are interpreted as providing some justification for the conclusion's reality; this contrasts with deductive reasoning.
While the result of something like deductive reasoning is absolute, given the evidence presented, the truth about the conclusions of an inductive reasoning may be possible. Inductive reasoning generalizes widespread through limited experiences. There is always data, essentially, so conclusions are based on those in the information.
Thus, from the above we can conclude that the correct option is A.
A financial ratio by itself tells us little about a company since financial ratios vary a great deal across industries. There are two basic methods for analyzing financial ratios for a company: time trend analysis and peer group analysis. Why might each of these analysis methods be useful? What does each tell you about the company’s financial health?
Answer:
When doing time trend analysis for financial ratios we can know how a company's ratio's have changed over time or if they have remained the same, so for example if a company's current ratio was less than 1 a year ago and is 3 now it means that the company was not very liquid a year ago but since then has made changes because of which it is liquid now, so we can see how a company has performed over a certain period of time.
On the other hand peer group analysis tells us how a company is performing compared to other companies in the same industry. For example if our cement company has a profit margin of 7% but the industry average is 15% we know that our company is doing something wrong or different as compared to the industry and we can look into it.
Explanation:
When comparing the Alternative Minimum Tax calculation to the Regular income tax calculation, which deductions are ONLY permitted in the Regular income tax calculation?
I Personal exemption
II State and local tax deduction
III Miscellaneous itemized deductions
IV Medical expense deduction
A. I and II only
B. III and IV only
C. I, II, III
D. I, II, III, IV
Answer:
C) I, II, III
Explanation:
When you are calculating alternative minimum tax many of the basic deductions allowed when calculating regular income are not permitted. When you are calculating alternative minimum tax there are no personal exemptions, no deductions for state and local taxes, no standard deductions and no deductions for miscellaneous items.
Medical expenses are deductible when calculating alternative minimum tax, but only if they exceed 10% of adjusted gross income (AGI).
The deductions that are only permitted in the Regular income tax calculation and not for the Alternative Minimum Tax include personal exemptions, state and local tax deductions, and miscellaneous itemized deductions. Option C is correct.
When comparing the Alternative Minimum Tax (AMT) calculation to the Regular income tax calculation, certain deductions that are permitted in the Regular tax calculation are disallowed for the AMT. For the AMT, you can't deduct:
Personal exemptionsState and local tax deductionsMiscellaneous itemized deductions (such as unreimbursed employee expenses, tax preparation fees, and investment expenses)Medical expenses are typically deductible for both the AMT and the Regular tax calculations, subject to certain thresholds. Therefore, the answer to the question is: I, II, III
These rules indicate the distinct differences in allowable deductions between the AMT and the Regular tax systems, highlighting how the AMT targets certain tax benefits to ensure that those with higher incomes pay a minimum amount of tax.
Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change in consumer tastes, the demand for hard-wood-flooring factory workers in North Carolina increases, while the demand for carpet factory workers in Georgia decreases. This is an example of.
Answer:
Frictional unemployment created by sectoral shifts
Explanation:
Frictional unemployment happens throughout a phase when employees are looking for new jobs or are transferring from old jobs to newer ones.
It can even be defined as natural unemployment as it is not directly linked to factors that contribute to an economy that is performing poorly.
A new global trade agreement leads to higher demand for export-sector workers and lower demand for workers in import-competing sectors. Workers need time to change sectors, and sectoral shifts lead to frictional unemployment
Daniel is a subscriber to your company's online tech forum and is complaining that he can no longer access it, although no other subscribers have called. You have no problem connecting to the tech forum. What would you tell Daniel to do?
Answer:
First of all, I would tell him to check his internet connection, because it might be causing the issues. Daniel should simply try to access any other website or turn off and on his internet connection.
In case the internet connection is not the issue, he should check if the forum is being blocked by a firewall, or the internet browser. In case it is, he should deactivate the blocks or use another browser.
Marianne's Chocolates sell well in the U.S. at a price of $24 per pound, and she has overproduced one kind of chocolate bar. Marianne has decided to see if she can sell them in Mexico, so she sets a price that is just over her cost. She figures if she makes even a little money, it would be worth it. Marianne is using ________ pricing.
Answer: Variable cost pricing
Explanation:
Marianne wants to sell in Mexico by setting the selling price in such a way that she adds the total variable cost to the markup. This way she would meet her cost and gain some level of profit.
Marianne is using cost-plus pricing. This strategy involves setting the selling price just above the cost of production to ensure costs are covered and a profit is made. It is particularly useful when there is an overproduction of a product.
Explanation:Marianne's strategy of setting a selling price just above her cost to make a little profit is referred to as cost-plus pricing. Essentially, she has calculated her costs of production and then added a small margin for profit. This approach ensures she covers all her costs and makes a modest profit.
The method of cost-plus pricing is a common strategy in situations where businesses have large quantities of a product, like Marianne's overproduced chocolate bar. However, one should also consider market dynamics and competitive pricing to ensure their product is priced competitively. In manufacturing industries like the chocolate manufacturing, selling the overproduced goods at a lower price can be a better strategy than waiting for the product to sell at a higher price.
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The large, heterogeneous market from which specific submarkets (market segments) are drawn is called the aggregate market.
True or False?
Answer:
False
Explanation:
The large heterogeneous market is a market structure where diverse commodities and services are available to the customers. Overall, large heterogeneous markets are known as 'Mass markets' or ' Total product market'. This market satisfies customer needs due to mass production of distinctive goods. In the large heterogeneous market, customers have different perspectives, wants, choices and nature etc.
Dividend yield. BMM Industries pays a dividend of $2 per quarter.The dividend yield on its stock is reported at 4.8%. What is the stock price?
Answer:
stock price = 166.667
Explanation:
given data
dividend = $2 per quarter
dividend yield = 4.8%
to find out
What is the stock price
solution
we know that Dividend = $2 per quarter = 2 × 4 = $8 per annual
and dividend yield on the stock is given = 0.048
so stock price will be here as
stock price = [tex]\frac{Dividend}{dividend\ yield}[/tex] ................1
put here value we get
stock price = [tex]\frac{8}{0.048}[/tex]
stock price = 166.667
The dividend yield is calculated as the total annual dividend divided by the share price. Given that BMM Industries pays a total annual dividend of $8 and the dividend yield is 4.8%, the stock price comes out to be approximately $166.67.
Explanation:The dividend yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its share price. The dividend yield is calculated as the total annual dividend divided by the current share price. In this case, since BMM Industries pays $2 per quarter, the total annual dividend is $2 × 4 = $8.
The given dividend yield is 4.8%. So, if we let P be the price of the stock, we can set up the equation 8/P = 0.048, or 8 = 0.048 × P. Solving for P, we get P = 8 / 0.048. The stock price is thus approximately $166.67.
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When consumers are engaged in __________ the decisions and products usually feature (a) little to no risk; (b) low (relative) costs, including the costs associated with making bad choices; and (c) little to no information search. The menu of solutions is already known.
Answer:
The correct answer is routine problem-solving.
Explanation:
These are trivial routine day to day decision such as buying breakfast, purchasing pen and other small values items. These decisions do not have material financial impact if went wrong. Decision like purchasing new car, house and land etc are not included in these decisions.
However person disposal income and wealth can convert these routine problem-solving into planned one.
If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling.b. the equilibrium price is below the price ceiling.c. it has no legal enforcement mechanism.d. None of the above is correct because all price ceilings must be binding.
If a price ceiling is not binding, it means that the equilibrium price is below the price ceiling.
Explanation:If a price ceiling is not binding, it means that the equilibrium price in the market is below the price ceiling. This happens when the market price is determined by the forces of supply and demand, and it is below the maximum price set by the ceiling. For example, if the equilibrium price is $8 but the price ceiling is set at $10, then the price ceiling is not binding. In this case, the market can freely determine the price and it ends up being below the ceiling.
The correct answer option is b. the equilibrium price is below the price ceiling. It's important to note that not all price ceilings are binding. Some price ceilings are set above the equilibrium price, which makes them non-binding and ineffective.
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E-commerce sites are able to keep the amount of data entry errors to a minimum ________.
a. by using artificial intelligence to correctly "guess" what the users have entered
b. by having the buyers enter products information themselves
c. by using smart spell-checkers
d. by using 'smart' computers and 'smart' phones
Answer:
E-commerce sites are able to keep the amount of data entry errors to a minimum by having the buyers enter products information themselves
Explanation:
E-commerce sites are platforms where buyers and sellers meet on the internet to carryout transactions.
Entry errors are as a result of wrong information inputted when documenting information. In most E-commerce sites entry of items purchase is done by the buyers to reduce the chances of entry errors.
Acme Corporation (Scenario) Acme Corporation's management feels that employees could be more motivated by their jobs. The jobs were enriched earlier and some improvements were seen in motivation. Most jobs at Acme were redesigned to allow the employees to complete a whole and identifiable piece of work. This fits ________, a core dimension of the job characteristics model.
Answer: TASK IDENTITY
Explanation:
In simple words,the degree to which a work includes doing a comprehensive piece of work from start to finish and recognizable with a noticeable result as opposed to doing just a segment of the job.
Job identity is a key component of job satisfaction.Task identity is the degree to which-from starting point A to completion point B-a job is done. In other words, it represents to what extent the result is anticipated or noticeable.
Hence from the above we can conclude that the company is doing the task identity.
Initially, Rhett believed he should maintain his production facilities within the United States and simply export his designer eyeglass frames to foreign sellers. However, he lacked expertise in exporting. Rhett decided to see if the federal government could provide any help by contacting a(n):
Answer:
Export Assistance Center
Explanation:
Export Assistance Center is the one which is established by the federal government to provide or offer the front line service and outreach for the operations to the US exporters.
These centres assist the business in US which are new exporting and would like to expand the additional markets of exports or to increase the market share in the existing markets.
So, Rhett lack in expertise in exporting so he decided to see if the federal government might provide help through contacting the export assistance centre.
The recapture of depreciation changes the character of the gain on a Section 1231 asset from a(n) _________ gain to ________ income.
Answer:capital
ordinary
Explanation: A section 1231 asset is a kind of property that is held for more than one year as defined by section 1231 of the United States Internal Revenue Code. This property is real or depreciable assets. Section 1231 assets include: buildings, land, machinery, livestock, leaseholds etc.
For the recapture of depreciation to exist there must be a sale of a section 1231 sold at a gain. However the gain that is realised must be reported as an ordinary income for tax purposes. Thereafter if the selling price of this asset is higher than the tax basis then the difference is essentially recaptured. This done by changing it from a capital gain to ordinary income.
Lueretained Attorney to appeal Lue's criminal conviction and to seek bail pending appeal. The agreed upon fee for the appearance on the bail hearing was $50 per hour. Attorney received $800 from Lue of which $300 was a deposit to secure Attorney's fee and $500 was for bail costs in the event that bail was obtained. Attorney maintained two office bank accounts: a "Fee Account," in which all fees were deposited and from which all office expenses were paid, and a "Clients' Fund Account." Attorney deposited the $800 in the "Clients' Fund Account" the week before the bail heating. Attorney expended six hours of time on the bail hearing. The effort to obtain bail was unsuccessful. Dissatisfied, Lue immediately demanded return of the $800. It is now proper for Attorney to:
Answer:
The attorney should write a check to Lue for $500 and leave the rest of the money ($800 - $500 = $300) in the Clients' Fund Account. He also has to explain Lue that his legal fees were $300 (= $50 per hour x 6 hours) and resolve that matter with him.
The client is responsible for paying his legal fees whether he wins or losses a case unless some other specific arrangement was made.
Which of the following guidelines should people who maintain professional blogs follow in order to be responsive to their readers?
a. Read the comments to learn reader concerns.
b. Use a businesslike tone.
c. Run contests so readers can win small prizes.
d. Use I-statements often to establish expertise.
e. Include lots of images.
Professional bloggers should read comments for reader feedback, maintain a businesslike tone, provide navigational cues, focus on unique contributions, regularly update content, and thoroughly interpret and analyze information to be responsive to readers.
Explanation:To be responsive to their readers, professional bloggers should adhere to certain guidelines. Reading the comments is a fundamental way to learn about reader concerns and feedback. Adopting a businesslike tone can contribute to establishing the author's credibility, while ensuring content is relatable and comprehensible is equally important.
Moreover, providing readers with cues, such as clear formatting and structured writing, can help them follow ideas more efficiently and locate information of interest. Rather than expanding the scope unrealistically, bloggers should identify and leverage their unique strengths and focus on making a helpful contribution to their targeted audience.
This includes posting relevant articles, updating their profile often, and maintaining fresh status updates. Lastly, it is crucial to interpret, analyze, and explain the information, reinforcing its relevance to the reader and commenting on its credibility.
Andy, a salesperson for Fashion Seal Uniforms, tells the owner of a retirement home about the importance of caregivers having clean and attractive uniforms that will withstand countless hot water washes. Andy displays several styles of uniforms that have been washed hundreds of times to show how well his company's uniforms are made. The owner of the retirement home tells Andy that she is planning to open one new center every six months for the next three years and will need a lot of uniforms. Then the owner agrees to buy six units but with no commitment to extend the relationship. Which of the following stages of the relationship development process does this scenario exemplify
Answer:
Exploration
Explanation:
The exploration phase of the relationship development process occurs when both parties (seller and buyer) test the actions of the other party. Both parties will explore or try how the business relationship may develop, since they are not committed yet to start a relationship.
The owner accepted to purchase a small number of uniforms to try how good or bad they are. Andy is also testing if what the owner says is true about opening new centers and needing a lot of uniforms before making an offer for a larger lot.
According to Robert Merton, ____________________ occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.
-Income taxes should be decreased to the same rate for everyone.
-Income taxes should be abolished and replaced with a national sales tax.
-Income taxes should be increased regardless of ability to pay.
-Income taxes should be reduced to a minimal level and be based on ability to pay.
According to Robert Merton, Anomie occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.
Explanation:
The American sociologist named Robert King Merton. He worked most of his profession at Columbia University where he graduated as a professor of the University.
Anomie is "the state that society gives persons no moral guidance" .
Conflicts between values and social linkages between an individual and the group will contribute to anomia.
Goals can become so relevant that illegal means can be used if the institutionalised means — that is to say, appropriate in compliance to social standards — collapsed. Stronger emphasis on results than means produces a tension that leads to a deterioration of the regulatory structure–that is to say, anomie.
A client presents to the emergency department with severe epistaxis. Which client position is most beneficial?
Answer:
Sitting with head tilted slightly forward
Explanation:
Epistaxis is an acute haemorrhage from the nostril, it is decease which causes nose infection and can result in severe anxiety. According to various doctors, the patient's position can slow down the negative effects of epistaxis. The client must sit with head titled slightly forward to slow down the process of the disease until it is properly treated by a certified ENT specialist.
Answer:
Sitting with head tipped backwards
Explanation:
Which of the following is a result of over-diversification through acquisition? Select one:
1. Corporate-level executives will have a rich understanding of all of the firm’s business units
2. Corporate-level executives tend to rely on strategic control when evaluating their business units’ performance.
3. Firms use acquisition as a substitute for innovation.
4. Managers become long-term in their orientation.
Answer:
3) Corporations use acquisition as a substitute for innovation.
Explanation:
The fastest way in which a corporation can enter a new market or develop new products is through buying existing companies that already operate in the new target markets or have developed the new products that the corporation wishes to sell.
Research and development is very costly and time consuming, and on many occasions the results aren't even good or are not as good as expected. By acquiring a smaller company that has already developed the product, then the corporation might even save money.
Over-diversification through acquisition can result in executives having a weaker understanding of all business units due to the complexity and increased management layers, leading to a reliance on strategic control for performance evaluation and potentially using acquisition as a substitute for innovation.
One of the results of over-diversification through acquisition is that corporate-level executives might not have a deep understanding of each individual business unit due to the complexity and sheer number of those units. When a firm grows too large through acquisitions or mergers, there can be a duplication of services and an increase in management layers, which leads to communication complexity and possibly information overload. This complexity can detract from an executive's rich understanding of each business's specific needs and performance, and instead, they may have to rely more on strategic control mechanisms to evaluate performance. Additionally, the engagement in frequent acquisitions could mean the firm is using acquisitions as a substitute for innovation, rather than focusing on organic growth and innovation within their existing lines of business.
The time value of money suggests that $1 in one year from now is worth less than $1 today.True / False.
Answer:
False, we conclude that $1 in one year from now is worth more than that of today.
Explanation:
The time value of money (TVM) is concept that suggests money available at present time is worth more than identical sum in future due to potential earning capacity.
This core principle in finance holds that the provided money can earn interest , and any amount of money is worth more the sooner it is received.
Also future money is not affected by inflation, only present money is.
Hence we conclude that $1 in one year from now is worth more than that of today.
The claim that $1 in one year from now is worth less than $1 today is true due to the Time Value of Money (TVM) principle, which explains the earning capacity of money.
Explanation:The statement is True. This concept is explained through the Time Value of Money (TVM) principle in finance and economics, which states that money available today is worth more than an identical amount in the future. This is due to the potential earning capacity of money, which can earn interest or yield returns on investment. If you have a dollar now, you can invest it to earn more money in the future. So essentially, $1 today is worth more than $1 a year from now.
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Karl Corp.’s trial balance of income statement accounts for the year ended December 31, Year 1, included the following: Debit Credit Sales $80,000 Cost of sales $ 60,000 Administrative expenses 15,000 Loss on sale of equipment 9,000 Commissions to salespersons 10,000 Interest revenue 5,000 Freight-out 3,000 Loss on disposal of a major operating segment 10,000 Bad debt expense 3,000 Totals $110,000 $85,000 Other Information: Karl’s income tax rate is 30%. On Karl’s income statement for Year 1, the loss on discontinued operations is
Answer and Explanation:
$85,000 of revenues - $110,000 + $10,000 of Expenses = $ -15,000 Loss x 30% Tax ($4500) = $ -19,500
National Financial Services, Inc. invested $ 15,000 to acquire 5,000 shares of Stonebridge Investments, Inc. on March 15, 2015. This investment represents less than 20% of the investee's voting stock. On May 7, 2018, National Financial Services, Inc. sells 2,500 shares for $ 20,250. When the journal entry to record the sale is made, ________.
a. Gain on Disposal will be credited
b. Loss on Disposal will be debited
c. Equity Investments will be debited
d. Cash will be credited
Answer:
a. Gain on Disposal will be credited
Explanation:
For recording this sale, first we have to determine the per share selling price and purchase price which is shown below:
Purchase price would be
= Invested amount ÷ number of shares acquired
= $15,000 ÷ 5,000 shares
= $3
Now the sale price would be
= Sales amount ÷ number of shares acquired
= $20,250 ÷ 2,500 shares
= $8.1
Since the selling price is more than the purchase price which would reflect the gain and the gain part is always credited
A basket of goods costs $200 in the base year and $210 just twelve months later. The price index in the second year is __________ ..
Answer:
105%.
Explanation:
Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100
Given,
Cost of basket of goods in base year = $200
Cost of basket of goods in year of interest = $210
Price index in year of interest (second year) = (210/200) × 100
= 105%
The price index in the second year is 105%.
Identify the false statement. Group of answer choices a.A monopolist and a perfectly competitive firm both produce where price equals marginal cost. b.A monopolist and a perfectly competitive firm both produce an output level where marginal revenue equals marginal cost. c.A monopolist and a perfectly competitive firm both maximize profits. d.A monopolist and a perfectly competitive firm both charge a price based on the demand curve facing the firm and the costs borne by the firm.
Answer:
The correct answer is option a.
Explanation:
A perfectly competitive market has large number of firms in the market, the firms are price takers. The firms face a horizontal line demand curve. The demand curve represents the marginal revenue as well as average revenue.
A firm is able to maximize profit by producing at the point where price or marginal revenue is equal to marginal cost.
A monopoly market has only single producer with no close substitutes. The firm is able to maximize profit by producing at the point where the marginal revenue is equal to marginal cost.
It does not produce at the point where price is equal to marginal cost.