Nancy has a monopoly selling her patented acoholic maple syrup. Currently, her marginal revenue is $22 and her marginal cost is $30. The price of a bottle of syrup is $35. She should OA the price and the level of output OB demse the price and increase the level of output OC increase the price and the level of output OD as the price and decrease the level of output gurcharan singh
Answers
Nancy has a monopoly selling her patented alcoholic maple syrup. Currently, her marginal revenue is $22, and her marginal cost is $30.
The price of a bottle of syrup is $35. She should decrease the price and the level of output. A monopoly refers to a market structure in which a single seller produces and sells a product that has no close substitutes in the market. It has the ability to influence the market price of its product by adjusting the level of output that it produces.
The following are the characteristics of a monopoly:There is only one seller of a product.There are no close substitutes for the product produced by the seller.
The seller has significant market power that enables him/her to control the market price of the product.The seller can earn abnormal profits in the long run.Let us see how Nancy can maximize her profits:In order to maximize profits, a monopolist will produce where MR=MC and charge the price corresponding to the demand curve. If Nancy continues to produce at $30 marginal cost and $22 marginal revenue, she will be making a loss of $8 for each unit produced.
Thus, she should decrease the level of output to increase marginal revenue. In addition to this, she should also decrease the price of a bottle of syrup since the price of the product is greater than its marginal cost, implying that she is charging a higher price than necessary.
Therefore, the correct option is option D: Decrease the price and the level of output.
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Related Questions
when the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will include
Answers
When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will include either a debit or a credit to premium on bonds payable. When the stated rate is not the same as the market rate, or the note is non-interest bearing, the note is recorded at either a premium or a discount.
What does the issuance of a note mean?The note is issued by the borrower (or issuer) and given to the lender (or payee) as documentation of the repayment agreement. In promissory notes, the phrase "pay to the order of" is frequently used to indicate the person or entity to whom the loan is to be repaid. An arrangement for credit known as a note issuance facility (NIF) is typically offered by a group of commercial banks. Any type of business can use its structure as a means of supporting the issuance of credit notes. Companies looking to raise capital on European markets are most likely to use it.
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What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate's degree or vocational school degree
bachelor's degree or apprenticeship
bachelor's degree or master's degree
master's degree or vocational school degree
Answers
Answer:
B- Bachelor's degree or apprenticeship
Explanation:
Took the test, gl! :)
Answer:
Bachelor degree
Explanation:
which economic indicators most strongly suggest than an economy is experiencing the expansion phase of the business cycle?
Answers
The economic indicators that most strongly suggest that an economy is experiencing the expansion phase of the business cycle are as follows: GDP Growth Rate, Employment, Consumer Confidence, Industrial Production, Investment and Capital Spending.
1. GDP Growth Rate: The growth rate of gross domestic product (GDP) is a crucial indicator of economic expansion. When the GDP is growing rapidly, it suggests that the economy is experiencing an expansion phase.
2. Employment: When an economy is in expansion, it will generate jobs, lowering unemployment rates. Therefore, falling unemployment rates indicate that the economy is growing.
3. Consumer Confidence: Consumer confidence is critical to the expansion phase of the business cycle. A rise in consumer confidence suggests that individuals believe that the economy will continue to grow.
4. Industrial Production: Industrial production also a crucial economic indicator. Industrial production growth shows that there is increased demand in the economy, meaning that it is growing.
5. Investment and Capital Spending: When businesses are investing in the economy by increasing their capital expenditure, it indicates that they believe the economy will continue to grow. When companies invest, it leads to increased job creation and economic growth.
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If a person wants to work from home in the Business, Management and Administrative careers, what is required?
a cubicle to keep the person on task
a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answers
Answer:
C. proper technology to keep the person connected
Explanation:
Answer:
C
Explanation:
Edge 2021
you are considering an investment in a municipal bond that has a yield of 4%. your tax rate is 24%. what is your taxable equivalent yield?
Answers
The taxable equivalent yield for a municipal bond that has a yield of 4% and tax rate of 24% is 5.26%.
The taxable equivalent yield is the rate of return that a taxable investment would have to earn to match the after-tax return of a tax-exempt investment. To calculate the taxable equivalent yield, we need to divide the tax-exempt yield by (1 - tax rate). In this case, the municipal bond has a yield of 4%, and the tax rate is 24%, so the taxable equivalent yield can be calculated as follows:
4% / (1 - 0.24) = 5.26%
Therefore, the taxable equivalent yield for this municipal bond investment is 5.26%. This means that if you were to invest in a taxable bond with a yield of 5.26%, you would earn the same after-tax return as you would from the municipal bond with a 4% yield.
It's important to note that the taxable equivalent yield will vary depending on your tax rate and the yield of the tax-exempt investment. Additionally, the taxable equivalent yield can help you compare the after-tax returns of different investments and make an informed decision about which one is the best option for your specific financial situation.
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Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate
Answers
Answer:
Fixed interest
Explanation:
A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.
The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called:
Answers
The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
What is optimal-wage theory?Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.
Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
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The sales force will be more likely to be successful when the company's corporate culture and marketing strategy are:
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Increase Sales Revenues, Lead Conversion, Deployment Rate & More. Learn More. Unify marketing, sales, service, commerce, and IT on the world's #1 CRM. i hope this helps you! <3 P.S wish you luck!
The earliest hint of globalization can be traced to 325 BC. The government under Alexander created an environment conducive to trade and commerce. Trade expanded from Greece to as far as Asia, with
Asia is among the most popular goods traded. The establishment of trade with Africa and America in the seventeenth century also led to the expansion of trade.
Answers
Answer:
I agree
Explanation:
I don't really see that there's a question being asked.
What can you get with a 750 credit score?
Answers
With a 750 score, you'll have access to credit cards with some of the best perks. These include no annual fees, sign-up bonuses and travel rewards. You'll probably also qualify for higher credit limits, giving you more options for spending throughout every month.
What is credit?Credit is the customer's ability to purchase products or services before making a payment, based on the expectation that they will have the means to pay for them in the future.Credit is a sum received that is displayed on the right side or column of an account in an entry recording for accounts.Your financial strength contributes to the credit. With the knowledge that you may make payments later, you can obtain what you need right away, like a credit card or a car loan. Making a plan to improve your mortgage ensures that you will ask for credit if necessary.The many financial reporting agencies that the borrowers use to determine the worth of the loan use your statement as the foundation to calculate your credit score.To learn more about credit refer to:
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Under PPO, which of the following in-network specialists would a referral be required?
Answers
Answer:
Explanation:You do not need a referral to see a specialist. However, some specialists will only see patients who are referred to them by a primary care doctor. And, some PPOs require that you get a prior approval for certain expensive services, such as MRIs.
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.
Word processing software
Video recording device like a camera or a phone
Throughout this course, you’ve been busy helping people in all kinds of careers solve issues or create projects in their line of work. Now it’s time to focus on you! In this activity, you will take the results from your O*Net Interest Profiler and the knowledge you’ve gained in the past units and use both to decide what might be a great career for you! You will put all this information together and create a Career Action Plan.
Part 1: Laying the Pathway
Save this word document as ‘Laying the Pathway.’
Part 2: Compiling the Paperwork
Great! You’ve laid out your pathway. Now, we need to gather all the papers you’ll need to apply for jobs.
Step 1: Resume
Now for the next part of your Career Action plan, the first thing you are going to do is create a resume. Create your resume document from a template. You might find one in your word processing program or by searching the internet for a free resume template. Then, make sure your resume contains the following components:
Is your resume filled in? Is it nice and neat, with everything spelled correctly? Great! Remember to save your Resume to include in your Career Action Plan.
Step 2: Cover Letter
Now, we will work on your cover letter. Remember, a cover letter is a document that explains in your own words and more detail why you are the perfect candidate for the job you are applying for. This is how your cover letter should break down:
Proofread your cover letter for errors. If you are satisfied with it, save it under ‘Cover Letter’ to include in your Career Action Plan.
Step 3: Job Application
With your resume and cover letter, you will usually need to fill out a job application that is specific to the company you are applying to. Much of the information will be a repeat of what is in your resume, but job applications make it easier for a human resources manager to know exactly where to look for specific information.
Use a search engine to find a free mock job application form. Take the information you put in your resume and fill out the job application. Save this as ‘Job Application.’
Part 3: It’s Time to Sell
You may not have chosen Marketing as your career pathway, but we all must sell a bit when it comes to finding a job. We are selling ourselves! In an interview, it is important to help the recruiter or employer to understand what you are all about and how you will be a benefit to the company. Look back over the tips you’ve learned so that you can put your best foot forward.
One thing that we must think about in interviews is proper business etiquette, or behavior. Remember when you were little, and your parents were constantly reminding you to ‘mind your manners’? Well, this idea of manners and polite behavior is especially important when you get a job. The way you act will reflect on the company that you work for, so if you are polite, hardworking, and courteous, this will benefit your employer. It will also make you much more likely to get along with your coworkers! Some rules of business etiquette include:
Being on time (show respect for others’ schedules)
Dressing appropriately (be a good visual representative of your company)
Speaking politely (use proper titles and avoid interrupting others or using bad language)
Avoiding gossip (don’t repeat things about coworkers)
Showing interest in others (make eye contact, don’t play with your phone while in a conversation)
Write emails respectfully (don’t be sarcastic, type in all caps, or fail to sign an email)
In this part of your Career Action Plan, you will video yourself during a mock interview. Have a partner read you the questions below (or if that is not possible, read them out loud to yourself). Then answer, looking at the camera as if it is the interviewer. Use appropriate business etiquette in your interview so that your prospective employer will want you to represent their company. Remember to speak clearly and smile!
Interview Questions
Can you tell me a little bit about yourself?
Why are you applying for this position?
What have you learned in your classes to prepare you for this position?
How would you be a good fit for this position?
What are your strengths and weaknesses?
Remember to answer all five questions in your interview. Save your video to upload with the rest of your plan. You can name it ‘Interview.’
You did it! Congratulations! You have completed your Career Action Plan.
Submit the following documents:
DO NOT DO VIDEO NOT NEEDED I WILL DO THAT
Answers
Multimedia tools are used in digital storytelling to bring stories to life. Digital stories can be used to convey an argument, reflect on a personal experience, teach a subject, or retell a historical event.
How can I advance in my profession?Use these 12 work success guidelines to begin experiencing career success.
a. Choose Your Job Carefully.
b. Always be learning.
c. Recognize the demands of your position.
d. Work as a team.
e. Assume Responsibility for All Your Actions.
A lifestyle career is what?Both people are capable of completing the duties necessary for their jobs, but their schedules will differ. "Work as a Lifestyle" gives businesses and employees the power to find balance, select the schedule that works best, and more.
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HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
Assume a graph of a project's OCF given various variable costs. Which one of the following is correct regarding the resulting functions? the steeper the slope, the less sensitive the project is the steepness measures the degree of operating leverage the steeper the slope, the less sensitive the NPV is to fixed costs The slope of the function measures the sensitivity of OCF to changes in variable costs Question 4 2 pts The degree of operating leverage determines the degree of dependence that a project has on the fixed costs variable costs sales tax
Answers
The correct option is: The slope of the function measures the sensitivity of OCF to changes in variable costs. The steeper the slope, the more sensitive the project is to changes in variable costs.
The correct option regarding the resulting functions of a graph of a project's OCF given various variable costs is: The slope of the function measures the sensitivity of OCF to changes in variable costs. The sensitivity of a project to changes in its variable costs is measured by the slope of its OCF function.
Therefore, the slope of the function is an indicator of the sensitivity of the project to changes in variable costs. As a result, the slope of the function is a critical variable in determining a project's break-even point. Operating leverage, on the other hand, determines the degree of dependence of a project on fixed costs. This ratio is used to assess how a company's income changes as a result of changes in sales.
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What is a stock? (Select the best answer)
Answers
Answer:
Stock is all of the shares into which ownership of the corporation is divided.
Explanation:
Answer:
a share of ownership in a corporation
Explanation:
26) Your employer asks you to consult on the better approach to a decision. What should the corporation pay for an asset that will return them $200,000 at the end of year 1, then zero in year 2, then $600,000 in years 3 & 4, then zero in year 5, then $400,000 in years 6-10, assuming their discount rate is 5% (ignoring taxes) ?
Answers
The worth of the asset, assuming a 5% discount rate and the specified cash flow pattern (ignoring taxes), is $1,767,739.51.
When providing advice on an asset's worth, there are several factors to consider. In this scenario, the employer seeks advice on the worth of an asset with the following cash flow pattern: $200,000 at the end of year 1, $0 in year 2, $600,000 in years 3 and 4, $0 in year 5, and $400,000 in years 6 to 10. The discount rate is 5%.
To calculate the asset's worth, we use the formula for present value:
P.V = C1 / (1 + r)^1 + C2 / (1 + r)^2 + ... + Cn / (1 + r)^n
Where Cn represents the cash flow in year n, r is the discount rate, and n is the number of years.
Let's calculate the asset's worth step by step:
Initial cash flow (year 1) = $200,000
Cash flow (year 2) = $0
Cash flow (years 3-4) = $600,000
Cash flow (year 5) = $0
Cash flow (years 6-10) = $400,000
Therefore, the asset's worth is:
P.V = $200,000 / (1 + 0.05)^1 + $0 / (1 + 0.05)^2 + $600,000 / (1 + 0.05)^3 + $600,000 / (1 + 0.05)^4 + $0 / (1 + 0.05)^5 + $400,000 / (1 + 0.05)^6 + $400,000 / (1 + 0.05)^7 + $400,000 / (1 + 0.05)^8 + $400,000 / (1 + 0.05)^9 + $400,000 / (1 + 0.05)^10
Simplifying the calculation:
P.V = $200,000 / 1.05 + $0 / 1.1025 + $600,000 / 1.1576 + $600,000 / 1.2155 + $0 / 1.2763 + $400,000 / 1.3401 + $400,000 / 1.4071 + $400,000 / 1.4775 + $400,000 / 1.5513 + $400,000 / 1.6289
P.V = $1,767,739.51 (rounded to the nearest hundredth)
Therefore, the worth of the asset, assuming a 5% discount rate and the specified cash flow pattern (ignoring taxes), is $1,767,739.51.
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Which of the following text is usually NOT found on the keyboard
keys?
Special characters
Special symbols
Both A and B
Answers
Answer:
Both A and B
Explanation:
The text that is usually not found on the keyboard keys are both both A and B
The keyboard is often used along with desktop computer or laptop. The one that is commonly used is called a ‘QWERTY’ keyboard.
A keyboard consist of putting information through the use of letters, words and numbers into your computer system. It has the number keys across the top of the keyboard and on the right of the keyboard while the letter keys are in the centre of the keyboard.Conclusively, option A and B are the correct answer because there is nothing like that text on the keyboard.
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Sterling Company paid $1,200 for 3 months of rent on April 1 of the current year. On April 30, Sterling Company made an adjusting entry to account for the rent that expired during the month of April. The adjusting entry contained a debit to Rent Expense in the amount of $ _______ and a credit to Prepaid Rent in the amount of $ ______. The remaining balance in the Prepaid Rent account after the adjustment was $ ______.
Answers
Explanation:
the rent start on February first and paid 400 the expense rent are for 29 days on 13.7 USD per day
what is cooperative skill
Answers
What percent is the gig economy is expected to grow to by 2020?
A. 25
B. 50
C. 60
D. 75
Answers
Answer: 50
Explanation: good luck
In the context of electronic exchange of information, which is used by companies to improve the efficiency and effectiveness of the supply chain process?
Answers
In the context of the electronic exchange of information, the internet and established web protocols are used by companies to improve the efficiency and effectiveness of the supply chain process.
Supply chain management, which is the regulation of the movement of products and services, includes all procedures used to transform raw materials into finished products. It comprises the deliberate simplification of a company's supply-side procedures in order to increase customer value and obtain a competitive edge in the market.
Production, transportation, and distribution of a product are all attempted to be centralized under SCM. Businesses may cut excessive spending and hasten the delivery of goods to customers by optimizing the supply chain. Internal stocks, internal manufacturing, internal distribution, corporate sales, and the stock of firm vendors are all closely monitored in order to achieve this.
The idea that practically all sold products are the result of the labor of several businesses connected by the a supply chain is the basis of SCM. Despite the fact that supply chains have been in existence for an extremely lengthy time, most organizations have only recently realized the value they can add to their operations.
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Why is the zero-based budget the most effective type of budget?.
Answers
The zero-based budget is the the most effective type of budget because its keeps the firm aware of how much money is flowing in and out.
What is a zero-based budget?A zero-based budget means a method of budgeting where all the expenses must be explained for each new period.
The zero-based budget is very important because its process ensure that that is a justification for all operating expenses and areas that company are generating revenue.
In conclusion, the zero-based budget is the the most effective type of budget because its keeps the firm aware of how much money is flowing in and out.
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At Popeyes what is
The maximum amount of chicken cases that can be
stacked in the cooler is ________ cases high.
Answers
The maximum amount of chicken cases is three or four
Answer:
5
Explanation:
10. Tammy is a general contractor and has submitted two bids for two projects (A and B). The probability of getting project A is 0.65. The probability of getting project B is 0.77. The probability of getting at least one of the projects is 0.90.
Answers
The probability that the contractor will get both projects is 0.52
Project A probability = 0.65
Project B probability = 0.77
Least one of the projects probability = 0.90
Hence:
P(A)=0.65
P(B)=0.77
P(A∪B)=0.90
Using this formula
P(a and b)=P(a)+P(b)-P(a ∪ b)
Let plug in the formula
P(a and b)=0.65+0.77-0.90
P(a and b)=0.52
Inconclusion the probability that the contractor will get both projects is 0.52.
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Lawrence is a buyer closing on a home purchase for which he's obtaining financing. He receives a Loan Estimate from his lender. What's the purpose of this document?
Answers
Answer: The purpose of this document is to detail estimated closing costs for Lawrence's loan
Explanation:
From the question, we are informed that Lawrence is a buyer closing on a home purchase for which he's obtaining financing and that he receives a loan estimate from his lender.
The function of a loan estimate is to detail estimated closing costs for the loan that Lawrence's took. With the low estimate, Lawrence will have an idea of what he'll pay
City Builders is a development company that builds office buildings throughout New York State. They recently completed a project whereby they were able to build 5 additional stories in return for providing a public park behind the building. City Builders benefited from what type of zoning
Answers
Answer:
Incentive Zoning
How do you pay for large purchases?
Answers
There are several ways you can cover the expense of a large purchase. The most cost-effective choice will depend on whether you want to use cash, a credit card, or a personal loan. Even while you can pay with cash, you might not have enough on hand to pay for a sizable purchase.
Even for expensive purchases, cash is still the most advantageous payment method. You don't have to worry about repaying lenders when you pay with cash. Additionally, you won't have to be concerned about interest charges accruing if you pay the entire amount in cash. However, it is uncommon for customers to be able to pay in whole for goods like cars and houses; if they do, it is probably because they have been saving for the purchase for months or even years.
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In your own words, explain what a bond is and how you would make money from it.
Answers
Economists agree that when an individual changes their behavior, they are doing so because O of changes in preferences. O of changes in relative prices. of sunk costs. Othey are irrational.
Answers
Answer:
They are irrational.
Explanation:
Economists agree that when an individual changes their behavior, they are doing so because they are irrational.
It should be noted that the behaviors of human beings change which affect their purchasing decision.