The correct answer to the given question about monopolistic market is option B) producing output where MR = MC and charging a price along the demand curve.
A market is said to be monopolistic if just one business is allowed to sell goods and services to the general public. A totally competitive market, where there are an infinite number of enterprises operating, is the antithesis of a monopolistic market. In a truly monopolistic model, the monopoly firm can limit output, raise prices, and make long-term profits that are above average. English law is where the word "monopoly" first appeared to refer to a royal gift. A concession of this kind allowed one firm or merchant to trade in a certain good while barring all other companies or merchants from doing the same.
When a single producer gained exclusive legal advantages from the government, such as the agreement signed between the Federal Communications Commission (FCC) and AT&T, monopolistic market places have historically developed.
Question:
A monopolist is able to maximize its profits by:
A) setting the price at the level that will maximize its per-unit profit.
B) producing output where MR = MC and charging a price along the demand curve.
C.) setting output at MR = MC and setting the price at the demand curve's highest point.
D.) producing maximum output where the price is equal to its marginal cost
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what amazon site supports rosies, a local charity in brisbane, australia, to provide food and a friendly face for those who are experiencing homelessness?
A local Brisbane, Australia, charity called Rosies is supported by the Amazon site aboutamazon to help those who are homeless by giving them food and a smile.
What does the term "local charity" mean?A local charity is one that was established with goals that, by definition or in accordance with the charity's trusts, are largely or exclusively for the benefit of that area or a section of it.
In most cases, assisting people in need is a last resort for organizations. They empower individuals both locally and internationally. They promote environmental protection and educate people about a number of pressing issues. They are also good for your health. an organisation that tries to help those in need by providing them with money, food, or other support, rather than focusing on generating a profit. Additionally, it might take part in things like medical research.
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When a company in one country sells its products in another country these products are called?
country sells Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
country sells Modern economies rely heavily on exports because they give people and businesses access to a wide variety of new markets. Fostering economic commerce, boosting exports and imports for the advantage of all trading parties, is one of the main goals of diplomacy and foreign policy between countries. country sells Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation. Energy and natural resources, as well as raw materials like food or textiles and completed consumer goods like electronics, are frequently exported between nations.
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according to the text, what elements must a firm coordinate to achieve maximum performance? multiple choice question. organizational architecture, strategy, and its financial systems regulatory compliance, strategy, and its environment organizational architecture, marketing mix, and its environment organizational architecture, strategy, and its environment
To attain optimal performance, a firm's organizational architecture, strategy, and environment all work together.
Organizational structures assist firms in ensuring that all of the activities required for successful operations are delegated to the appropriate individuals. They also assist staff members and executives in understanding their responsibilities within the organization, including who they report to and who they manage.
Different departments frequently collaborate on projects in startups, which frequently have a matrix organizational structure. A clear line of command and a hierarchical structure are typical in large enterprises.
Most individuals only consider organizational structure in terms of whole businesses. However, the organizational structure of teams inside a function, department, or business unit is likewise governed by the same structural principles. Restructuring and organizational structures mainly concern the allocation of resources, information flows, and decision-making authority.
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How do chemosynthetic organisms get energy? some examples of organisms include colorless sulfur bacteria, iron bacteria, and giant tube worms (riftia parchyptila).
Phototrophs (or phototrophic organisms) obtain their energy from sunlight. Chemotrophs (or chemosynthetic organisms) obtain their energy from chemical compounds. Chemotrophs that can use organic compounds as an energy source are called chemoorganotrophs.
Both eukaryotic and prokaryotic organisms obtain the energy they need to grow and maintain normal cell functions through cellular respiration. Cellular respiration has three main steps: glycolysis, citric acid cycle, and electron transport. In eukaryotes, most reactions of cellular respiration occur in the mitochondria. In prokaryotes, they occur in the cytoplasm and/or in the cell membrane.
Eukaryotes grow and reproduce through a process called mitosis. In organisms that also reproduce sexually, reproductive cells are produced by a type of cell division called meiosis. Most prokaryotic cells reproduce through a process called binary fission. During binary fission, the single DNA molecule repeats and the original cell divides into two identical daughter cells.
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The owner's equity section of a balance sheet may report different kinds of details about owner's equity, depending on the need of the business.answer choices- True- False
True. The owner's equity section of a balance sheet may report different kinds of details about owner's equity, depending on the need of the business.
Equity explains the different sections as capital, reserve, surplus or profit, and Owner's equity is the owner's rights to the assets of the business, which is left after excluding all the liabilities from the assets.
Assets – liabilities = Owner’s equity
Generally speaking, it consists of the owner's initial investment plus any profits, less any money the owner has taken out and money owned by others. In the case of businesses, it also consists of retained earnings, common stock, preferred stock, treasury stock, and further paid-in capital.
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which of the following is true of limited liability companies? an llc can be sued by third-parties as a separate entity. an llc cannot enter into contracts under its own name. an llc is a legal entity indistinct from its members. an llc cannot be a manager-managed business entity.
An LLC can be sued by third-parties as a separate entity.
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of an LLC is a feature of a partnership rather than an LLC. The limited liability company (LLC) is a corporate structure that protects its owners from being personally pursued for repayment of the company's debts or liabilities. Regulation of LLCs varies from state to state. Any entity or individual can be a member of an LLC with the notable exceptions of banks and insurance companies. LLCs do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.
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An electronics company has two contract manufacturers in Asia: Foxconn assembles its tablets and smart phones and Flextronics assembles its laptops. Monthly demand for tablets and smartphones is 10,000 units, whereas that for laptops is 4,000. Tablets cost the company $100, laptops cost $400, and the company has a holding cost of 25%. Currently the company has to place seperate orders with Foxconn and Flextronics and recieves seperate shipments. The fixed cost of each shipment is $10,000. (A) What is the optimal order size and order frequency with each of Foxconn and Flextronics?The company is thinking of combining all assembly with the same contract manufacturer. This will allow for a single shipment of all products from Asia. If the fixed cost of each shipment remains $10,000,(B) what is the optimal order frequency and order size from the combined orders? (C) How much reduction in cycle inventory can the company expect as a result of combining orders and shipments?
An electronics company has two contract manufacturers in Asia Foxconn assembles its tablets and smartphones and Flextronics assembles its laptops.
The information and communications technology (ICT) sector has become the economic driving force of the current era.The ICT sector can be difficult to define because it consists of a quick assembly installation for smartphone and tablet screens, an electromechanical installation.These fees could cost the US auto industry up to 2 million lost vehicles With smartphones and the associates working at these companies, it's nothing Electronics maker Foxconn has created its own robots,called Foxbots,using 10,000 of them to put together the an analytical study of human resources and accounting audit regarding the Productivity of employees Working in Financial Institutions.
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current trend in the hospitality industry is to build loyal customer relationships and enhance service levels by optimizing the use of what?
Sites on the internet. Customers may now make, amend, or cancel hotel reservations online, as well as research different lodging options, learn more about them, and even take a virtual tour of their rooms.
A client is someone who purchases goods, services, products, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration. This definition applies to sales, business, and economics. Early communities relied on a favor-based gift economy. Later, as commerce grew, human relationships were less long-lasting and more dependent on momentary necessities than on persistent social desires. Clients are people who receive individualized advice and answers, whereas customers are typically thought of as those who purchase goods and services. Agencies like law companies, film studios, and health care providers tend to favour client, whereas supermarkets, banks, and restaurants tend to prefer customer, despite the fact that these distinctions have no modern semantic weight.
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What is a market demand?
Marketplace call for is the summation of the entire man or woman's demand curves. do not forget a shop that sells 1,000 pens on a day by day basis. that means the store has a every day demand of one,000 pens. however, on weekends, there may be an growth in the number of clients.
Marketplace call for is received by way of including together the man or woman needs of all the families inside the financial system. due to the fact the individual demand curves are downward sloping, the market call for curve is also downward sloping: the law of demand consists of throughout to the market call for curve.
Marketplace call for curve refers back to the graphical illustration of marketplace time table. it's far obtained by the horizontal summation of person demand curves. We see, that at charge five the gadgets demanded are 5, when the price is 4, the gadgets demanded is 10 and so forth. This shows that as the fee decreases the call for will increase.
The demand for a terrific decreases, if the fee of certainly one of its enhances rises. The call for for a regular desirable increases if earnings will increase. The demand for an inferior properly decreases if income will increase. expected future profits and predicted future costs have an impact on demand nowadays.
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what is the present value of a $1,100 payment made every year forever when interest rates are 4.5 percent?
The present value of a $1,100 payment made every year forever when interest rates are 4.5 percent will be $24,444.44
The value of an anticipated income stream as of the valuation date is known as the present value, commonly referred to as the present discounted value, in economics and finance.
Present value is calculated in the following manner:
PV = FV/(1 + i) n
where,
PV = present value,
FV = future value,
i = decimalized interest rate,
and n = number of periods
Using this formula we calculated and found out that the result is $24,444.44
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Madison's profit is maximized when they produce a total of rompers. At this quantity, the marginal cost of the final romper they produce is, an amount less than the price received for each romper they sell. At this point, the marginal cost of producing one more romper (the first romper beyond the profit maximizing quantity) is, an amount greater than the price received for each romper they sell. Therefore, madison's profit-maximizing quantity occurs at the point of intersection between themarginal cost and marginal revenue curves. Because madison is a price taker, the previous condition is equivalent to
madison's profit-maximizing quantity occurs at the point of intersection between themarginal cost and marginal revenue curves. Because Madison is a price taker, the previous condition is equivalent to MR>MC.
At a particular output level, profit is maximized. The disparity between total revenue and total cost is largest at this quantity. Another way to think about this is to understand that for the rompers that Beth makes, her marginal revenue (MR) from sales of rompers exceeds her marginal cost (MC) of production. Choosing to produce more than rompers decreases Beth's earnings because after the fifth shirt she makes each hour, the marginal cost of making that shirt is higher than the amount she gets for it. For the reason because, to the left of the ideal quantity and MR, MR>MC.
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Despite your company’s strong training in ethical values and behaviors, you notice that the company’s top managers frequently engage in unethical behavior. Of what is this an example?
Despite your company’s strong training in ethical values and behaviors, you notice that the company’s top managers frequently engage in unethical behavior this an example of an enacted value or norm
Enacted values or standards are those that a company and its employees consistently uphold and demonstrate. They are the values that are actually exhibited in daily life and deviate slightly from the ideals that the company upholds. The values that have the biggest impacts on the company's culture are those that are genuinely lived, experienced, and implemented.
They are the guiding principles that the organization's members follow to make choices and to shape the overall workplace culture. Despite having significant training in ethical principles and conduct, the company's top managers frequently engages in unethical behavior in the situation at hand. This alludes to disregarding the rules established by the business.
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Managers are performing this function when they compare actual performance to goals and make adjustments if performance is falling short.
Managers are performing organizational control when they compare actual performance to goals and make adjustments if performance is falling short.
What is organizational control?Any method through which managers focus attention, inspire employees, and encourage desired behaviour to achieve organisational goals is referred to as organisational control. The quantity of microwave ovens produced on an assembly line each week, the number of cars a car salesman sells each month, and the number of visitors a website receives each day are a few examples from the business world. Four steps are commonly involved in organisational control: Establishing standards, assessing performance, comparing performance to standards, and then, if necessary, corrective action are the first three steps. Feedforward controls concentrate on the organization's people, material, and financial resources.
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to pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute.
true
false
To pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute is a false statement.
What does the term "social insurance program" mean?A sort of compulsory public insurance known as social insurance provides protection against a number of financial risks, including the loss of income due to illness, old age, or unemployment.
There are four primary social insurance programs in the US. The largest is the Federal OldAge, Survivors, and Disability Insurance System, or Social Security, which provides retirement benefits, benefits to survivors, and benefits to those who are totally and permanently disabled.
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According to the elaboration likelihood model, the two main determinants of a listener’s willingness to engage in elaborating on the message are __________and _________.
a. channel and sender
b. motivation and ability
c. hostility versus neutrality
d. attitude and attractiveness
Ability and desire. The solution that is right is B.
The importance of ability.Personal Development. Your ability to develop personally is aided by having a strong skill set. You expand your network, develop time management and communication skills, and learn networking. No instructor or school can teach these talents; they can only be learned via experience.
An ability is a power?The reverse is not true, i.e., not all powers are abilities, whereas all abilities are powers. The ability of salt to dissolve in water is one example of a capability that cannot be possessed by an agent in this way. However, some of an agent's skills also do not include some powers.
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a stock has a beta of 1.1, the expected return on the market is 10.4 percent, and the risk-free rate is 4.75 percent. what must the expected return on this stock be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) expected return %
This stock's anticipated return is 17,000%
What return must be anticipated for this stock?For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average. There will be years with reduced returns, or even negative returns.
The following formula is used to calculate expected rate of return in accordance with the Capital Asset Pricing Model (CAPM):
Risk-free rate plus beta equals the expected rate of return (Market rate - Risk free rate)
Whereas market risk premium is another name for (market rate - risk free rate) in this context.
Thus, the projected rate of return is equal to 10% plus 1.00 (10% - 3%)
= 10% + 1.00 × 7%
= 10% + 7%
= 17.00%
hence, This stock's anticipated return is 17.00%.
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true or false? if a currency is experiencing relatively high inflation, then its buying power is decreasing and international investors will be less eager to hold it
What are the types of beverages services?
Table Service, English Service, Silver Service, American Service Pre-plated service.
The main categories of food service are 1) Plate Service, 2) Cart Service, 3) Plater Service, 4) Buffet Service, and 5) Family style service. There are many other food and beverage service kinds and procedures. Table service, which includes English Service, American Service, Pre-plated Service, etc., is regarded as a border category of service style. The meal must be served in large bowls or platters in order to comply with English serving standards. French service is a very specialized and comprehensive kind of service. The difference is that the food and beverage service uses ornate sterling silverware. EPNS (Electroplated Nickel Silver) service ware is most frequently used in hotels and restaurants since silver silverware and tableware are pricey.
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monthly rate of return of stocks has been distributed approximately normally with a mean of .75 percent and a standard deviation of 4.2 percent what is the monthly 10th percentile
The monthly 10th percentile will be 3.688
The relationship between the mean, standard deviation and the standard normal distribution is given as
X = μ + σZ
where μ is the mean and σ is the standard deviation of the variable X, and Z is the value from the standard normal distribution for the desired percentile.
Hence to determine the 10thpercentile, we lookup the standard normal distribution table attached below
at 10th percentile Z = -1.282
since mean = 0.75 and standard deviation = 4.2
For 10th percentile
X = 0.75 + 4.2*(-1.282)
X = 3.668
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Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing?
Select: 1
A. Niche differentiation
B. Broad cost leader
C. Niche cost leader
D. Broad differentiation
Baldwin Corp. Ended the year carrying $18,497,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Baldwin Corp. ?
Select: 1
$10,859,000
$18,497,000
$29,375,000
$39,362,500
The answer is c Niche cost leader as the company competes in the thrift and nano segments, which are some of the small market segments.A cost leader competes on price by cutting costs and moving on.
Savings for customers a broad player competes in all parts of the market.A niche player suppose that the Digby company changes its focus to compete only in the Thrift and Nano segments, while competing on price by cutting costs and placing the company in the best strategic group and then dominating it more attractive than a differentiation or better cost or focus.niche market strategy when extraordinary memories allow to overcome deceptive price application invest dark student performative despite falcon details deceive galaxy guard leadership.
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which type of mortgage has a payment that remains the same until it is paid off?
On such a fixed-rate mortgage, ones monthly payment remains constant throughout the term of the loan, with only the proportion of interest and principal changing each month.
What exactly was meant by "interest"?
Interest is the cost of borrowing money or even the cost of lending money. Interest is most commonly expressed as an annual proportion of the loan amount. This percentage is recognized as the loan's interest rate.
What are the four kinds of interests?
Fixed interest, varying focus, annual percentage, prime rate of interest, discounted rate of return, simple involvement, and compound interest are the most common types of interest.
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a perfectly inelastic demand is one in which the: select one: a. demand curve is perfectly vertical. b. demand curve is perfectly horizontal. c. measured elasticity is exactly 1. d. response to a change in price is immediate.
Option a is correct. A perfectly inelastic demand is one in which the demand curve is perfectly vertical.
When the quantity of a product is wanted remains constant regardless of price changes, this is referred to as perfectly inelastic demand.
In a scenario of perfect inelasticity, the quantity demanded remains constant regardless of the price. The term "perfect elasticity" describes a situation in which the quantity demanded is very responsive to price fluctuations, with even a minor change in price causing a significant change in the quantity demanded.
A vertical ( n = 0) Perfectly Inelastic Demand Curve exists. In actuality, this is exceedingly unusual. You could argue that since most people would do anything to remain alive, the elasticity of life-saving medical care is utterly inelastic.
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the idea that it is necessary to sell the ideas to others in the organization so that innovations will be commercialized is the rationale behind the use of
The correct response is a. product champions. The rationale behind the employment of product champions is the notion that it is essential to persuade people inside the company of the ideas' necessity in order for innovations to be commercialized.
The rationale behind the employment of product champions is the notion that it is essential to persuade people inside the company of the ideas' necessity in order for innovations to be commercialized. Within businesses and organizations, informal product champions evolve as new products are developed and innovated. They display enthusiasm and optimism about the success of the innovation while fervently identifying with new concepts. From here on, I'll refer to the Scrum team member as the "Product Champion": Role of the Product Owner/XP:Customer. Champion in a nutshell. The Champion must be aware of the product market if they are to be held responsible for maximizing success. Bring about. A product champion is "a person who takes an excessive interest in seeing that a particular process or product is completely developed and sold," according to the American Marketing Association. Although this concept is fantastic, it should be mentioned that a product's champions have the ability to make or ruin a product.
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The idea that it is "vital to sell the ideas to others in the organization so that innovations will be commercialized" is the rationale behind the use of
a. product champions.
b. joint ventures.
c. strategic leadership.
d. cross-functional teams.
infeasible problems can occur when the demand requirement is higher than the available capacity. t or f
The given statement, infeasible problems can occur when the demand requirement is higher than the available capacity, is true.
What exactly is a "infeasible problem"?An unbounded problem is one where the constraints do not limit the objective function and the objective goes to infinity, whereas an infeasible problem is one that cannot be solved. Both circumstances frequently result from mistakes or flaws in the formulation or the information used to define the problem.
What three types of optimization are there?An optimization problem must be solved using a goal, variables, and constraints. The objective is to determine the best value for each variable, which can have a variety of values. The problem's purpose is its intended outcome or objective.
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the fed uses to regulate the money supply. a. the political negotiation process b. stock market investments c. the discount rate d. the deposit requirement
The fed uses to regulate the money supply. d. the deposit requirement.
Money is any proper this is broadly used and standard in transactions regarding the transfer of products and offerings from one man or woman to another. Economists differentiate among 3 unique sorts of money: commodity cash, fiat money, and bank money. Commodity cash is a great whose cost serves because the cost of money.
You simply need a market in which to promote your goods or services. In that market, you do not barter for character items. as an alternative you exchange your items or services for a not unusual medium of alternate—that is, cash. you may then use that money to buy what you need from others who additionally accept the same medium of change.
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Is Jollibee an MNC or TNC?
Jollibee Foods Corporation, often known as Jollibee (after its principal fast food brand) and abbreviated JFC and Jollibee Group, is a Multinational corporation MNC with its headquarters in Pasig, Philippines.
A multinational corporation (MNC) is a company that operates in its home country, as well as in other countries around the world. It maintains a central office located in one country, which coordinates the management of all its other offices, such as administrative branches or factories.
Transnational corporations do not have subsidiaries abroad, whereas multinational corporations do. Due to their centralised management methods, multinationals are constrained in local markets.
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Compared with autarky, international trade leads to: higher production in exporting industries and lower production in import-competing industries. lower production in exporting industries and higher production in import-competing industries. higher production in both exporting and import-competing industries. lower production in both import-competing and exporting industries.
Compared to autarky, global trade results in A (higher production in exporting industries and lower production in import-competing industries.)
What statement about autarky is true?1. In the case of autarky, option 'a' is true, meaning that each nation's production and consumption potentials are equal.
What industries compete with imports?Industries that compete with imports create products and services that are also imported into the nation.
When an economy becomes open to foreign trade and the global price is higher than the stifling domestic price, what results from trade?Trade results in exports and an increase in the local price relative to the world price if the world price is higher than the autarky price. -Trade results in total advantages because producer gains outweigh consumer loses. industries that export produce goods and services for export.
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What is a healthy level of inflation?
The ideal inflation rate is frequently thought to be in the range of 2%.
The broad word for an increase in the cost of goods and services throughout an economy in the study of economics is inflation. As the general price level rises, each unit of currency may buy fewer goods and services, inflation is related to a reduction in the purchasing power of money. The opposite of inflation is deflation, which is a persistent rise in the overall level of prices for goods and services. The most common measure of inflation is the annualised percentage change in a general price index, sometimes known as the inflation rate. Because price rises are not constant across the board, the consumer price index (CPI) is widely used for this purpose. The employment cost index is also used to determine wages in the US.
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luca earns 12% commission as a sales person. he sold a leaf blower that cost $188. how much commission did luca earn?
Luca earned $22.56 commission as a sales person in leaf blower. He sold a leaf blower that cost $188.
What is commission in sales?A crucial component of sales pay is sales commission. It is the sum of money a salesperson makes in accordance with the volume of sales they have generated.
briefing:-Luca earns commission as a sales person = 12%
Total sales = $188
Commission of agent = Sales × Rate of commission
=$188 × 12/100
= $188 × 0.12
= $22.56 Or $23
Net amount received by seller = Sales - Commission
= $188 - $22.56
= $165.44
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ccording to the research, which person is likely to be the happiest? a. reina, the married dental hygienist who makes $75,000 a year. b. jadiel, the married father of three who makes $60,000 a year. c. jacob, the married father of one who makes $100,000 a year. d. sandra, the widowed surgeon who makes over $300,000 a year.
According to the research, the person likely to be the happiest is a: 'Reina, the married dental hygienist who makes $75,000 a year'.
A dental hygienist is a licensed dental professional, registered with a dental regulatory body or association within their country of practice. Before completing clinical and written board examinations, registered dental hygienists should have either a bachelor's or an associate's degree in dental hygiene from an accredited university or college. Once registered, dental hygienists are primary healthcare professionals who work independently of or alongside dentists and other dental professionals to offer full oral healthcare. They have the training and education that mainly focus on and specialize in the prevention and treatment of many oral diseases.
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