the table shows a sample of prices and the quantity sold by a monopolist. what is the monopolist's marginal revenue of the 101st unit?
Price Quantity
100 95
99 96
98 97
97 98
96 99
95 100
94 101
a. $0
b. -$2
c. -$6
d. $6
Answers
-$6 the monopolist's marginal revenue of the 101st unit.
To find the monopolist's marginal revenue of the 101st unit, we'll need to calculate the change in total revenue when selling the 101st unit.
First, we'll find the total revenue at the 100th unit and the 101st unit:
Total revenue = Price x Quantity
At the 100th unit:
Price = $95
Quantity = 100
Total revenue = $95 x 100
= $9,500
At the 101st unit:
Price = $94
Quantity = 101
Total revenue = $94 x 101
= $9,494
Now, we'll calculate the marginal revenue by finding the change in total revenue:
Marginal revenue = Total revenue (101st unit) - Total revenue (100th unit)
Marginal revenue
= $9,494 - $9,500
= -$6
So the monopolist's marginal revenue of the 101st unit is:
c. -$6
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Related Questions
The demographic information will tell you where to find the customers.
T
True
or
F
False
Answers
a c corporation description
Answers
Advantages of a C Corporation
There are many benefits of a c corp. Below are just a few that stand out.
Limited liability. This applies to directors, officers, shareholders, and employees.
Perpetual existence. Even if the owner leaves the company.
Enhanced credibility. Gain respect among suppliers and lenders.
Unlimited growth potential. The sky's the limit thanks to the sale of stock.
No shareholders limit. However, once the company has $10 million in assets and 500 shareholders, it is required to register with the SEC under the Securities Exchange Act of 1934.
Certain tax advantages. Enjoy tax-deductible business expenses.
Disadvantages of a C Corporation
Having unlimited growth comes with a few minor setbacks.
Double taxation. It's inevitable as revenue is taxed at the company level and again as shareholder dividends.
Expensive to start. There are a lot of fees that come with filing the Articles of Incorporation. And corporations pay fees to the state in which they operate.
Regulations and formalities. C corps experience more government oversight than other companies due to complex tax rules and the protection provided to owners from being responsible for debts, lawsuits, and other financial obligations.
No deduction of corporate losses. Unlike an s corporation (s corp), shareholders can't deduct losses on their personal tax returns. How to Form a C Corporation
Choose a legal name and reserve it, if the Secretary of State in your state does that sort of thing (not all do).
Draft and file your Articles of Incorporation with your Secretary of State.
Issue stock certificates to the initial shareholders.
Apply for a business license and other certificates specific to your industry.
File Form SS-4 or apply online at the Internal Revenue Service website to obtain an Employer Identification Number (EIN).
Apply for any other ID numbers required by state and local government agencies. Requirements vary from one jurisdiction to another, but generally your business most likely will be required to pay unemployment, disability, and other payroll taxes – you will need tax ID numbers for those accounts in addition to your EIN.
Business people seeking to understand more about another culture in order to successfully conduct business within that culture would be best advised
to do witch of the following? • A. Avoid cultural research studies because they perpetuate unjustified stereotypes
and behaviors B. Observe the behavior of people who have gained respect within that cultural
environment
C. Rely on stereotypes, which are based on averages, to gain an understanding of the
culture D. Memorize the cultural variations that are typically encountered in a specific
cultural environment
Answers
Business people seeking to understand more about another culture in order to successfully conduct business within that culture would be best advised to:
B. Observe the behavior of people who have gained respect within that cultural environment.
Observing the behavior of individuals who have earned respect within the target culture can provide valuable insights into the cultural norms, values, and expectations.
This firsthand observation allows businesspeople to learn from those who have successfully navigated the cultural environment and adapt their own behaviors accordingly. By observing and understanding the actions and interactions of respected individuals, businesspeople can gain a deeper understanding of the cultural nuances and develop strategies for effective cross-cultural communication and business practices.
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When demand and production increase, what usually decreases?
Answers
Answer:
Price usually decreases
Explanation: When a product’s demand and production increase, PRICE usually decreases.
Answer:
Prices
Explanation:
Take the example of Apple. If Apple was to lower the price of the iPhone 11 to 300 dollars then there would be way more people buying the iPhone. Demand went up because prices went down
which theory suggests that nations will develop comparative advantages based on their locally abundant factors?
Answers
The theory that suggests that nations will develop comparative advantages based on their locally abundant factors is the Heckscher-Ohlin model.
The Heckscher-Ohlin model is an economic theory that predicts that nations will develop comparative advantages based on their locally abundant factors, such as land, labor, and capital. According to the theory, countries with an abundance of a certain factor will have a comparative advantage in goods that use that factor intensively. For example, countries with a lot of capital will have a comparative advantage in producing capital-intensive goods, while countries with a lot of labor will have a comparative advantage in producing labor-intensive goods.
The Heckscher-Ohlin model is an extension of the Ricardo model of comparative advantage, which was based solely on differences in labor productivity. The Heckscher-Ohlin model includes differences in all factors of production, not just labor, and predicts that countries will trade goods that use their abundant factors intensively for goods that use their scarce factors intensively. This trade pattern is called factor-price equalization, which means that factor prices will be equalized across countries that trade with each other.
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
do not understand what you are saying
Dmitri lives in Detroit and operates a small company selling drones. On average, he receives $702,000 per year from selling drones. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $402,000. He also pays several utility companies, as well as his employees wages totaling $279,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $8,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Dmitri does not operate the drone business, he can work as a programmer and earn a yearly salary of $20,000 with no additional monetary costs, and rent out his storefront at the $8,000 per year rate. There are no other costs faced by Dmitri in running this drone company
Answers
Dmitri's economic profit from operating the drone business is $13,000 per year. In the given scenario, Dmitri's economic profit is positive, indicating that his drone business is generating additional income beyond what he could earn in alternative employment.
Total Revenue: $702,000
Explicit Costs:
- Wholesale cost: $402,000
- Utility expenses + wages: $279,000
Opportunity Costs:
- Foregone rental income: $8,000
- Foregone salary as a programmer: $20,000
Calculating the economic profit:
Total Revenue - (Explicit Costs + Opportunity Costs)
$702,000 - ($402,000 + $279,000 + $8,000 + $20,000) = $13,000
Therefore, Dmitri's economic profit from operating the drone business is $13,000 per year.
This suggests that operating the business is a profitable venture for Dmitri. However, it's important to note that economic profit does not consider all costs, such as the cost of capital and the owner's labor. Additionally, this analysis assumes that the rental income and salary as a programmer are the only feasible alternative uses for Dmitri's resources. Evaluating the long-term sustainability and profitability of the drone business would require considering factors such as market competition, future demand for drones, and potential changes in costs and revenues.
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Mention 5 factors that determine the channels of distribution
Answers
Answer:
Unit Value of the Product, Types of Buyers, number of buyers, Technical Nature and Perishability
there are more btw
Answer:
Unit Value of the Product: ...
Standardised or Customised Product: ...
Perishability: ...
Technical Nature: ...
Number of Buyers: ...
Types of Buyers: ...
Buying Habits: ...
Buying Quantity:
FILL IN THE BLANK some entrepreneurs may spot an ____________ opportunity while studying abroad when a product available at home is not available where they are studying.
Answers
Some entrepreneurs may spot an entrepreneurial opportunity while studying abroad when a product available at home is not available where they are studying.
When studying abroad, entrepreneurs may come across a situation where a product or service that is commonly available in their home country is not accessible or readily available in the foreign location.
This creates a gap in the market, which can be seen as an entrepreneurial opportunity. Entrepreneurs who recognize this gap can identify the potential to introduce and provide the product or service in the foreign market.
Studying abroad provides entrepreneurs with a unique perspective as they are exposed to different cultures, consumer preferences, and market dynamics. They may observe a demand for a particular product that is not being fulfilled in the local market.
Recognizing this unmet need, entrepreneurs can leverage their knowledge and understanding of the product from their home country to introduce it to the foreign market, catering to the demand and filling the gap.
These entrepreneurial opportunities that arise while studying abroad often stem from the entrepreneur's ability to identify a specific product or service that has a potential customer base but is not currently available in the foreign market.
By capitalizing on this gap, entrepreneurs can create innovative solutions and tap into a new market, potentially leading to business success.
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what will happen to your credit score if you do not manage your debt wisely?
Answers
Answer:
it will go down
Explanation:
common sense
Answer: Your credit score will decrease.
Explanation: High debt to earning ratio, high percentage of revolving credit utilization, late or nonpayment of debt are all things that negatively impact credit scores.
during the 1990s positive technological change in the production of chicken caused the price of chicken to fall. holding everything else constant, how would this affect the market for pork (a substitute for chicken)? group of answer choices
Answers
The interest for pork would diminish and the harmony cost of pork would increment. The demand for pork would decrease and the equilibrium price of pork would increase. choice (A) is right.
Expecting the expense of chicken falls, customers would grow the sum mentioned of chicken and reduce their advantage in pork. The fall in the interest in pork would provoke a leftward shift in the interest twist for pork. A leftward shift in the interest twist while the reserve twist stays unaltered would provoke a fall together as one expense of pork.
As such, demand for pork fell since supply for chicken developed, chicken became less expensive, and part of the interest that was for pork previously, moved to chicken.
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This question is not complete , Here I am attaching the complete question:
During the 1990s positive technological change in the production of chicken caused the price of chicken to fall. holding everything else constant, how would this affect the market for pork (a substitute for chicken)? group of answer choices
(A) The demand for pork would decrease and the equilibrium price of pork would increase.
(B) The supply of pork would increase and the equilibrium price of pork would decrease.
(C) The demand for pork would increase because consumers could afford to buy more chicken and pork.
(D) The demand for pork would decrease and the equilibrium price of pork would decrease.
Beth needs to multiply the values of two cells in her worksheet. What should she enter into the formula bar?
=CD/D4
=CD+D4
=CD*D4
=(CD)(D4)
Answers
Answer:
C4*D4
must be the correct one but its not mentioned there
Answer:
I would say =(CD)(D4) it makes the most sense
Explanation:
which 2 features in quickbooks online can help a professional services company track profitability by client?
Answers
Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going out to have fun with friends according to freudian theory which system dominated in sams decisions
Answers
Answer:
the id
Explanation:
In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.
Thus, from the above we can conclude that the correct answer is the id.
A salesperson who sells commercial machinery to assembly companies that require large machines to make their car parts that they sell to automotive companies is talking to manufacturing company representatives who are interest in purchasing 5 large assembly machines.
The machines sell for $10,000 each and are necessary for companies that make parts. The salesperson, Sam, tells the manufacturing company managers that the machines have a new high-speed motor that can make parts in half the time. The management of American Manufacturing Company (AMC) feels this is very important and would help cut down on costs at the company. The management agrees to purchase 5 high-speed machines for a total of $50,000.
Once the machines are delivered, the management realizes that the machines do not produce double the parts, and do not have the high-speed motors as the salesperson stated.
What are the best legal arguments that the management can make to challenge the purchase agreement on the 5 machines? explain in detail what legal claims the management company could raise against the machine supplier?
Answers
The management of American Manufacturing Company (AMC) may have legal grounds to challenge the purchase agreement on the 5 machines based on several legal claims.
One possible claim is breach of contract. This is because the salesperson, Sam, made a false representation that the machines had a new high-speed motor that could make parts in half the time. This representation was a material term of the contract, and the management relied on it when agreeing to purchase the machines.
Since the machines did not have the high-speed motors as promised, the supplier may have breached the contract. Another possible legal claim is fraud. Fraud occurs when one party makes a false representation with the intent to deceive the other party, and the other party justifiably relies on that representation and suffers harm as a result.
In this case, if the management can prove that Sam intentionally made a false representation about the machines' high-speed motor to induce them to purchase the machines, they may be able to pursue a fraud claim against the supplier. Lastly, the management may also have a claim for negligent misrepresentation.
Negligent misrepresentation occurs when a party makes a false representation without the intent to deceive, but with a careless disregard for the truth. If the management can prove that Sam did not know whether the machines had high-speed motors and made the representation anyway, they may be able to pursue a claim for negligent misrepresentation.
In conclusion, the management of American Manufacturing Company may have legal grounds to challenge the purchase agreement based on breach of contract, fraud, or negligent misrepresentation, depending on the circumstances surrounding the false representation made by the salesperson. It is important for them to consult with a lawyer to assess their options and determine the best course of action.
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Ricardo is looking for a very popular book that seems to be sold out everywhere. He likes to read actual printed books rather than digital books, so rather than driving from book store to book store, Ricardo begins calling shops and asking if they have the book he is looking for in stock in their inventory. What does he mean by ‘in stock’?
natural resources from the land
substances used in the first stage of production
excessive bureaucracy or rules
available for distribution
Answers
You have been invited to give a speech at a local restaurant. The person who is hosting the event has asked you to speak for 15 minutes on a topic of your choice. Walk though the process of deciding what to talk about and discuss the reasons and methods you would use to make an effective choice.
Answers
Answer:
I would think about what I could use to get my audiences attention and something that would be interesting for everyone so that everyone can learn something.
Explanation:
Demarco and janine jackson have been married for 20 years and have four children who qualify as their dependents (damarcus, janine, michael, and candice). the couple received salary income of $100,000, and they sold their home this year. they initially purchased the home three years ago for $200,000 and they sold it for $250,000. the gain on the sale qualified for the exclusion from the sale of a principal residence. the jacksons incurred $16,500 of itemized deductions, and they had $6,250 withheld from their paychecks for federal taxes. they are also allowed to claim a child tax credit for each of their children. (use the tax rate schedules.)
Answers
Answer:
Using the 2019 tax schedules, the Jacksons should receive a refund of $5,573.
Explanation:
UI used the 2019 tax brackets since no year was given and 2019 is the last one due.
The $50,000 gain resulting from the sale of their house qualifies for exclusion, then it will not be included in their tax liabilities.
AGI = $100,000 (only salary income, no other income reported)
itemized deductions = $16,500
standard deduction for married filing jointly = $24,400 (this is larger, so we will select the standard deduction)
total taxable income = $100,000 - $24,400 = $75,600
total tax liability = $1,975 + [12% x ($75,600 - $19,750)] = $8,677
withheld taxes = $6,250
taxes owed = $2,427
child credits = 4 x $2,000 = $8,000
net tax liability = $2,427 - $8,000 = ($5,573) which are refundable
This means that the Jacksons should receive a refund of $5,573.
(Up to $1,400 of the child tax credit is refundable per child, so up to $1,400 x 4 = $5,600 are refundable)
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
A piano of mass 852 kg is lifted to a height of 3.5 m. How much gravitational
potential energy is added to the piano? Acceleration due to gravity is g = 9.8
m/s4.
Answers
The Gravitational Potential energy is an energy possessed or acquired by an object due to change in its position when it is present in a gravitational force i.e.,
U = mgh …(1)
m = mass of object
g = gravitational field
h = height
Given mass of the piano is 852 kg and it is lifted to a height of 3.5 m with gravitational field of 9.8 \(m/s^{2}\).
Substituting the values in equation (1), we get
U = 852 × 9.8 × 3.5
U = 29223.6 Newtons
Hence, 29223.6 Newtons of Gravitational Potential energy is added to the piano.
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Monitoring the competition is important for all the following reasons EXCEPT
a
to keep prices competitive.
b
a similar décor will attract customers.
c
to match competitors’ promotions.
d
to detect weaknesses in competitors’ promotional strategies.
Answers
Answer: The answer is B
Explanation: Took the test
Answer:
B. a similar décor will attract customers.
Explanation:
why cant i work when im 13?
Answers
Answer:
Because you're not "old enough" to work, it's like you're still seen as a kid but its different for other countries and states.
Explanation:
DUE TO UNFORTUNATE REASONS YOU CAN NOT bcuz of an age limit. Lifes cruel young blood. The world doesnt want you to advance in life, to strive and prosper. keep living homie :(
what is human resources in south Africa
Answers
Explanation:
Human resources refer to a country's population, their skills and abilities
1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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describe what a petty cash fund is by completing the following sentence. a petty cash fund is used for
Answers
Petty Cash Funds are established for departmental use for incidental and emergency small-dollar purchases where the use of alternative means.
What is cash fund ?The petty cash fund can be described as the special fund that can be set up so as to be able to cater for minor expenses with cash , and this is usually done by paying by cheque and it can be seen as one that is usually replenished to the imprest amount.
It should be noted that a petty cash fund can be regarded as the small amount of company cash, and can be used to tyake care of incidental expenses which could includes the office supplies or employee reimbursements.
In conclusion, the petty cash fund can be seen as one that can undergo periodic reconciliations, as well as transactions whichg can be recorded on the financial statements, hence Petty Cash Funds are established for departmental use.
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If the cost of production decreases for Tesla’s cars, what effect will this have on consumers who want to buy one???
Answers
Answer:
The consumers will pay more.
Explanation:
Should the production cost increase, the price of Tesla cars is also likely to increase. Typically, producers are likely to pass the increased costs to the cars' final price. The market price for the cars will go up, meaning customers will pay more for the cars.
Inexpensive bathroom scales are not consistently accurate. A manufacturer of bathroom scales says that when a 150 pound weight is placed on all the scales produced in his factory, the weight indicated by the scales is Normally distributed with a mean of 150 pounds and a standard deviation of 2 pounds. A consumer advocacy group acquires a randomly selected group of 12 scales from the manufacturer and weighs a 150 weight on each one. They get a mean weight of 151 pounds, which makes them suspicious about the company's claim to test this, they use a computer to simulate 200 samples of 12 scales from a population with a mean of 150 pounds and standard deviation 2 pounds. Below is a dotplot of the means from these 200 samples. (a) Is the dotplot above a sampling distribution? Explain. (b) Do you think the manufacturer is being honest about the accuracy of its bathroom scales? Justify your answer
Answers
A. Yes, the dot plot above is a sampling distribution.
The sampling distribution is a graph that shows the range of possible values of a sample statistic from all the possible samples of a given size from the same population.
In this case, the sample statistic is the mean weight indicated by 12 scales from the manufacturer, and the population is all the scales produced by the manufacturer.
B. Based on the dot plot of the means from the 200 samples, it appears that the manufacturer is being honest about the accuracy of its bathroom scales.
The mean of the sample means (150.98) is close to the mean of the population (150) and the sample standard deviation (2.01) is also close to the population standard deviation (2).
This indicates that the scales are likely accurate and the manufacturer's claim can be trusted.
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Using the following values: earned value = 8,000, planned value = 4,000, actual cost = 3,000, calculate cv (cost variance).
Answers
The cost variance is 5000. Using the formula CV = EV - AC. First, substitute the values into the formula: CV = 8000 - 3000 = 5000. The CV represents the difference between the earned value (EV) and the actual cost (AC).
In this case, the earned value is 8000 and the actual cost is 3000. By subtracting the actual cost from the earned value, we get a positive value of 5000, indicating that the project is under budget.
The CV measures the cost performance of a project, and a positive value suggests that the project is performing better than expected in terms of cost. Therefore, the cost variance is 5000. This shows that the project has a positive deviation of 5000, indicating cost savings.
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What do you mean by sustainable development? What is as relation with environment.
Answers
Answer:
The concept of sustainable development was described by the 1987 Bruntland Commission Report as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”
Explanation: