To maximize profit, a monopolist should set price where marginal cost equals marginal revenue. In this case, the monopolist should charge $130 for each unit of the good.
Explanation:The subject of this question is monopolistic economics in relation to price and demand. To maximize profit, a monopolist would set the price at the level where marginal revenue (MR) equals marginal cost (MC). Given that the marginal cost here is constant at $40, then setting MR = MC would set the condition for profit maximization.
First, we derive the marginal revenue equation from the inverse demand function which is p = 220 - 3q. In the inverse demand equation, the coefficient of Q represents the slope of the demand curve and hence to get the MR, we multiply this coefficient by 2, so MR = 220 - 6q. Now, to find the profit-maximizing quantity (q*), we set MR = MC, so 220 - 6q = 40, which means q* = 30.
The monopolist would then substitute q* back into the demand equation to get the price that maximizes profit, so p = 220 - 3*30 which results in p* = $130. Therefore, to maximize profit, the monopolist should charge $130 per unit of the good. This is the profit-maximizing price under monopoly, where price exceeds marginal cost.
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A mechanism of control utilized in organizational culture is __________
Kim was a part of a team with a big project deadline. to get the job done, he assumed a leadership role. this type of leadership role is
Amy and brian were investigating the acquisition of a tax accounting business, bottom line inc. (bli). as part of their discussions with the sole shareholder of the corporation, ernesto young, they examined the company's tax accounting balance sheet. the relevant information is summarized as follows:
kathleen worked for 4 hours and 45 minutes. how should she write that on her time card?
A. 4.5
B. 4.45
C. 4.25
D. 4.75
What are OPR sanctions
What action did thomas-rasset have to take in order to share twenty-four copyrighted songs available for distribution on kazaa?
Jammie Thomas-Rasset shared her downloaded music files in order to share 24 copyrighted songs available for distribution on KaZaA and replaced the hard drive on her computer with a new drive that did not contain the songs in dispute when the Capitol notified her that she had been identified as engaging in the unauthorized trading of music.
National sales meetings, training meetings, product introductions, and dealer/customer meetings are all examples of what type of meeting
How do we track stock market performance?
We can track stock market performance by looking at three major indexes. The dow jones industrial average, the standard & poors 500, and the NASDAQ. All of the indexes track different parts of the economy.
If mr. jernigan refuses to rent the land to another farmer, then what will be his accounting costs from farming corn himself on his land? what will be his economic costs?
Mr. Jernigan's accounting costs from farming corn on his own land would include all explicit expenses, while his economic costs would also incorporate the opportunity cost of not choosing the next most profitable alternative, such as renting out the land or growing a different crop.
Accounting and Economic Costs of Farming
If Mr. Jernigan refuses to rent the land to another farmer and decides to farm corn on it himself, his accounting costs will include all explicit costs such as seeds, fertilizers, machinery, labor, and any other out-of-pocket expenses incurred in the process of farming. These are the costs that would typically be recorded in financial statements and accounting records.
However, his economic costs take into account both explicit and implicit costs. Implicit costs include the opportunity cost of not renting out the land or using it for the next best alternative purpose. If, for example, Mr. Jernigan could earn a certain amount by renting out the land or using it for another crop that is more profitable than farming corn, this forgone income represents an economic cost. It is the cost of the foregone opportunity, which is not recorded in accounting statements but is very real when measuring the true profitability of his decision to farm corn.
Roberta, the supervisor of a fund-raising project, needs to discuss with her teammates about their unsatisfactory performance in the project. in order to maximize information richness in her message, roberta will most likely:
In order to maximize information richness in her message, Roberta is most likely to choose an appropriate medium which is video conferencing. Through this, she can discuss her teammates about the unsatisfactory performance in the project and receive rapid feedback. She can also establish a personal focus and utilize natural language and gestures which would enrich her communication with them.
Briefly describe salt production, from brine production to finished round cans
Final answer:
The production of salt from brine encompasses extraction of brine, removal of impurities, water evaporation to form salt crystals, followed by drying, sifting, and grading. This process is complemented by evaporating seawater in salt gardens for salt production in dry climates, leading to the packaging of purified salt.
Explanation:
The production of salt from brine involves several key steps, starting from the extraction of brine to the packaging of salt into finished round cans. The process begins with the drilling of holes into natural salt beds and using water to create brine by dissolving the salt deposits. This brine is then pumped out and transported to refineries where impurities are removed. The next crucial step involves the evaporation of water from the brine, leaving behind crystallized salt. This salt is subsequently dried, sifted, and graded based on size.
Technologies like evaporating seawater in large shallow ponds in countries with dry climates further diversify salt production methods. These ponds, or salt gardens, harness the sun's heat to evaporate water, progressively purifying the salt through precipitation. Finally, the purified salt is dried, crushed, sifted, and graded before being packaged into round cans for distribution. This entire process exemplifies the interplay between classic extraction techniques and modern technological advancements to produce salt, an essential commodity for food preservation and seasoning.
True or false? in regard to accounts receivable management, the older the account or the longer the account remains unpaid, the less of a change that the facility will receive reimbursement for the encounter.
Suppose that beer and pretzels are complements and that the price of beer rises sharply. according to the material presented in this unit, what should happen to the equilibrium price and quantity of pretzels?
Jose runs a gallery which specializes in neon art with an emphasis on vacation icons like flamingos, dolphins, and palm trees. since demand was high and supplies were low, he decided to buy an old warehouse and then hire craftspeople to work there in order to produce the art. he would provide them with all of the supplies they needed, and he would be their only customer. jose engaged in:
Jie consumes three heads of broccoli and six bowls of rice each week. the price of a head of broccoli is $2 and the price of rice is $4 per bowl. jie's marginal utility from the last head of broccoli consumed is 4 utils and her marginal utility from her last bowl of rice is 8 utils. if jie wants to maximize her utility, she should:
On july 9, coronado company sells goods on credit to wildhorse company for $4600, terms 2/10, n/60. coronado receives payment on july 18. the entry by coronado on july 18 is:
On July 18, Coronado Company would debit Cash for $4508, debit Sales Discounts for $92, and credit Accounts Receivable for $4600. This is because they received a payment within the discount period stated in the terms of 2/10, n/60, allowing for a 2% discount.
Explanation:The subject of your question deals with accounts receivable and sales discounts.
Coronado Company sold goods on credit to Wildhorse Company for $4600 with the terms defined as 2/10, n/60. This type of terms means Wildhorse gets a 2% discount if payment is made within 10 days (the discount period), but the net amount of the invoice is due in 60 days.
As Wildhorse made the payment on July 18, i.e., within the discount period, they would apply the 2% discount on the sale price. Therefore, Coronado would receive and record a payment of $4508 (98% of $4600) rather than the full $4600, with the $92 difference being accounted for as sales discount.
So, the ledger entries on July 18 for Coronado would be:
Debit: Cash $4508Debit: Sales Discounts $92Credit: Accounts Receivable $4600Learn more about Accounts Receivable here:https://brainly.com/question/31928398
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"the _____ lag is the time policymakers must wait for economic data to be collected, processed, and reported."
Final answer:
The recognition lag is the time policymakers must wait for economic data to be collected, processed, and reported before making decisions. It occurs due to the time it takes to collect and analyze economic indicators.
Explanation:
The lag referred to in the question is known as the recognition lag. This is the time policymakers must wait for economic data to be collected, processed, and reported before they can make informed decisions. The recognition lag occurs due to the time it takes to collect and analyze economic indicators such as GDP, employment, retail sales, housing starts, and industrial production. It can lead to delays in policymakers' response to economic changes.
Corporate finance mark weinstein has been working on an advanced technology in laser eye surgery. his technology will be available in the near term. he anticipates his first annual cash flow from the technology to be $180,000 received two years from today. subsequent annual cash flows will grow at 4 percent in perpetuity. what is the present value of the technology if the discount rate is 11 percent?
which is not one of the presidents duties.
A.Appointing ambassadors
B.signing bill into law
C.appointing Supreme Court Judges
D.interpreting laws
Jack and jo, residents of colorado, were hiking in nevada when a dog being walked by its owner, will, bit jo causing injury. jack wants jo to sue will, a resident of montana, but jo does not want to incur the cost of a lawsuit.
Congress established the ________ to investigate "the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
The answer is Federal Trade Commission. The FTC is responsible of having to have a greater authority in regards with anticompetitive practices and the means to prevent certain things to happen such as methods that are poorly done or unfair. In which they investigate certain things to engage in interstate commerce.
Congress established the Federal Trade Commission to investigate "the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
What is interstate commerce?Interstate commerce involves business relationships, transactions, or transportation of products, services, or money across the borders within the United States.
According to the Article I section 8 of the U.S. Constitution, known as the Commerce Clause, the Federal Trade Commission (FTC) monitors unlawful and unfair commercial behaviors with a view of issuing "cease-and-desist orders" to the violators of antitrust law.
Thus, Congress established the Federal Trade Commission to investigate "the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
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What is the outcome when employees have positive attitudes towards their jobs?
Answer:
The outcome when employees have positive attitudes towards their jobs are discussed below.
Explanation:
A positive work attitude is an attitude about working. It is often referred to as someone who has a positive outlook and behavior towards work.
The Benefits of the Positive attitude
It encourages your ability to work with diverse people.It encourages higher self-esteem and confidence.It increases the ability to challenge stress and increase positive energy.It increases the higher productivity of an Individual.
"if secondary research can't provide the information and insights you need, you may need to gather the information yourself with ______________ research."
If the labor force of 155 million people is growing bu 1.2 percent per year, how many new jobs have to be created each month to keep unemployment from increasing? enter response as a whole number.
_______ were intended to closely parallel family life. A. Industrial schools
B. Training schools
C. Cottage reformatories
D. Wilderness camps
In lean operations, input resources arrive for processing only after the preceding batch has been completed. question 10 options:
a. True
b. False
When the fed slows the rate of growth of the money supply to slow down theâ economy, the unemployment type that will be directly affected is the?
explain why you would typically create a header or footer
It provides additional information that helps reader to identify what your writing about. Usually in the header or footer the name of the author, the name of the book, page number, document name, date and time are usually pt in the header or footer.
Hope this helps
Final answer:
Headers and footers are created to provide consistent information such as author name, copyright notices, and page numbers on each page of a document. They help identify and organize printed documents and are customizable through the Insert ribbon and Header & Footer Tools. Headers and footers are also useful in Excel and presentation notes and handouts for printouts.
Explanation:
You would typically create a header or footer in a document to include important information that needs to be visible on each page. For instance, headers and footers can hold details such as company or author names, copyright notices, and markers like 'Confidential', 'Sample', or 'Draft'. Not only do they provide a reference for the document when printed, but they also help in organizing and identifying different documents when they are grouped together.
Inserting headers and footers is done typically from the Insert ribbon in document editing software. The 'Header & Footer Tools' tab or 'Design' tab appears for customization, allowing you to insert text, page numbers, and graphics into your header or footer. If you wish to have a different header or footer on the first page, which is common in longer documents, you can select the 'Different First Page' checkbox to exclude the cover page from containing the same header or footer data.
Furthermore, in programs like Excel, headers, and footers help identify printouts by including page numbers, titles, or dates that do not appear in the Normal view but are visible in the Page Layout view. The look and feel of headers and footers can be altered using the 'Position' group to change the space allotted to them. In presentations, the footer is also used in Notes and Handouts for printouts, and a gallery of built-in designs may be available for ease of use.
When the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases, it is known as _____.
a. diseconomies of scale
b. capacity cushion
c. cost cushioning
d. economies of scale?
Mindy signed up for a local lifeguard class that required two full days of training at a cost of $150. unfortunately, she got sick and could not complete the second day of training. the fee was non-refundable and the class was only offered once every six months. instead of giving up, mindy signed up for another weekend long workshop offered 25 miles away at a cost of $300. mindy's actions best illustrate that
Mindy's decision to sign up for another lifeguard workshop despite losing money on an incomplete one exemplifies the economic concept of sunk costs, where past financial losses should not influence future decision-making but should focus instead on the marginal costs and benefits of new opportunities.
Explanation:Mindy's actions of pursuing another lifeguard certification workshop despite her inability to complete her first due to sickness, and the consequent financial loss, is an illustration of the economic concept of sunk costs. A sunk cost is a cost that has already been incurred and cannot be recovered. Mindy's decision to overlook the non-refundable fee of $150 and opt for another workshop, even at a higher cost, highlights her understanding that the sunk cost should not affect her future decisions.
Rather, she focuses on the marginal costs and benefits of attending a new workshop. This principle suggests that individuals should base their decisions on the additional cost and benefits of future actions rather than on past expenditures that cannot be reclaimed. Mindy's situation parallels the example of Selena, who must decide whether to stay in a movie she dislikes or leave, with the understanding that the money and time already spent (sunk cost) should not influence her choice. Instead, what matters is her assessment of the future benefits (enjoying the rest of her time) against the cost (the ticket price of another possibly more enjoyable activity).
Mindy's actions exemplify opportunity cost in decision-making.
Explanation:Mindy's actions best illustrate the concept of opportunity cost. In this scenario, she faced the decision of choosing between completing the local lifeguard class, which she paid for but missed a day of, or signing up for the weekend workshop farther away. By opting to attend the more expensive workshop, Mindy weighed the opportunity cost of time, money, and convenience.