suppose the firm sells its output for $15 per unit, and it pays each of its workers $750 per week. when output increases from 210 units to 285 units, the

Answers

Answer 1

$10 is the marginal profit per unit of production. moreover, it pays each employee $750 each week.

What does having conviction mean?

When you describe someone as firm, you are referring to their behavior, which suggests that they are in command or that they won't modify their mind. She had to be strong with him and say, "I don't want to see you again."

What does corporate conduct entail?

Firm behavior refers to the goals, variety of models, and various presumptions utilized to pursue profit maximization. Industrial organization examines how businesses behave strategically while engaging in any kind of significant commercial activity.

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Related Questions

What are luxury home bar manufacturers?

Answers

Answer:

Some luxury home bar manufacturers include:

1. Kalamazoo Outdoor Gourmet

2. Sub-Zero and Wolf

3. True Residential

4. Perlick

5. U-Line

6. Marvel Refrigeration

7. Scotsman

8. Hestan

9. Lynx Grills

10. Viking Range.

According to the rational expectations view, _____. Group of answer choices people use only past information to form expectations about future inflation rates the long-run inflation rate is equal to zero the economy will never deviate from the natural rate of unemployment for any anticipated policy expected inflation is always less than actual inflation announced money-growth policies are quite effective in reducing unemployment below its natural rate

Answers

Answer:

economy will never deviate from the natural rate of unemployment for any anticipated policy

Explanation:

For any anticipated policy the economy will never deviate from the natural rate of unemployment. According to the theory of rational expectations, people will use all resources available to build an opinion on the economic event, and respond accordingly.

Therefore response is 3 (people should correctly predict the policy outcome and adapt accordingly).

what does ip address mean??

Answers

Answer:

It is where you live and more stuff I forgot

you are the manager of a firm that receives revenues of $60,000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X is −2, and the cross-price elasticity of demand between product Y and X is 1.5. How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?

Answers

Firm's total revenues will change to $600 if you increase the price of good X by 2 percent

Price elasticity of demand = percentage change in quantity demanded / percentage change in price −2 = percentage change in quantity demanded / 2% percentage change in quantity demanded = --2 x 2% = -4% The quantity demanded of good X would fall by 4% Revenue would change by -0.04 x  $60,000= -$2400 Cross price elasticity of demand measures the responsiveness of quantity demanded of good Y to changes in price of good X. 1.5 = percentage change in quantity demanded of good Y / 2% percentage change in quantity demanded of good Y = 1.5 x 2% = 3.0% The quantity demanded of good Y would increase by 3.0% Revenue would change by 0.030 x $100,000= $3000 Total change = -$2400+ $3000=$600

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When you set up an informational interview, you need to think about your objectives. For one thing, you want to gain ____________
from the person that you’re interviewing to help you learn about the career field. The questions that you choose to ask will help you learn the information that interests you most. You can also ____________
which will help you have a better chance of receiving a job offer in the future. You can follow up with this individual and learn about positions that become available.

Answers

Answer:

Firsthand information, Expand your professional network

Explanation:

Plato

describe at least three things you should do during a job interview

Answers

Explanation:

Potential employees identify most critical key factors at interviews as displaying passion and making eye contact. As meetings are a dialogue between the prospective candidate and the boss, it is also important to talk plainly.

Consider all the firm's qualifications and the work you're interviewing for.

Study The Presenters Will Ask A question .

Which one of the following options is incorrect? Withdrawals from the trust bank account can only be made......... Select one:

a. to pay a third party (e.g. advocate) for services rendered by the third party to the trust creditor.

O b. to pay a trust creditor.

c. to pay the auditor for auditing the trust.

d. to transfer trust money to the business bank account for services rendered by the attorney to the client.​

Answers

Answer:

Option d. to transfer trust money to the business bank account for services rendered by the attorney to the client.

Explanation:

select all the reasons to keep your money in a financial institution

Answers

The reasons to keep your money in a financial institution are:

Safety - To keep your money safe from burglars.

Convenience - Its easy to get your money out of the ATM when you need it.

Growth - If you put your money in a savings account you can collect interest.

Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back

What are financial institution?

Financial institutions are organizations that provide financial services to individuals, businesses, and governments. These institutions include banks, credit unions, investment companies, insurance companies, and other financial intermediaries.

Banks are perhaps the most well-known financial institutions. They provide a range of financial services, including checking and savings accounts, loans, mortgages, and credit cards. Credit unions are similar to banks, but are typically smaller and owned by their members.

Investment companies, such as mutual funds and exchange-traded funds (ETFs), allow individuals to invest in a variety of assets, such as stocks, bonds, and real estate, without directly owning those assets. Insurance companies offer various types of insurance, such as life insurance, health insurance, and auto insurance, to help individuals and businesses manage risk.

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select all the reasons to keep your money in a financial institution

Safety - To keep your money safe from burglars.

Convenience - Its easy to get your money out of the ATM when you need it.

Growth - If you put your money in a savings account you can collect interest.

Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back

None of the above

An individual who interprets laws related to the environment most likely works in which field?
a.
Environmental law
b.
Environmental journalism
c.
Environmental activism
d.
Ecology


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

A

Explanation:

Answer:

A

Explanation:

I got it right on edg 2021

I want to create a projject to get funds for education for all people who can not afford them

Answers

Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.

What is fundraising?

Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.

The ideas that are used for fundraising can be:

Make clever online donation forms.Launch a dough fundraising campaign.Hold a shoe sale to raise money.Make a fundraising event using pledges.Organize a scratch-off ticket school fundraiser.Start a peer-to-peer crowdfunding campaign.Offer school supplies for sale to raise money.Encourage the community to make matching gifts.

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The question is incomplete, the complete question will be :

I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising

Stellan Manufacturing is considering the following two investment​ proposals:

Proposal X

Proposal Y
Investment

​$730,000

​$504,000
Useful life

5 years

4 years
Estimated annual net cash inflows received at the end of each year

​$156,000

​$100,000
Residual value

​$50,000

​$0
Depreciation method

Straightminus
line

Straightminus
line
Annual discount rate

​10%

​9%
Compute the present value of the future cash inflows from Proposal Y.
Present value of an ordinary annuity of​ $1:

​8%

​9%

​10%
1

0.926

0.917

0.909
2

1.783

1.759

1.736
3

2.577

2.531

2.487
4

3.312

3.240

3.170
5

3.993

3.809

3.791
6

4.623

4.486

4.355
A.
​$252,000
B.
​$292,320
C.
​$268,884
D.
​$324,000

Answers

Answer:When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...

Explanation:

12. Regarding business cycles, a boom refers to:
a) A period during which aggregate output declines.
b) The period in the business cycle from a trough up to a peak during which output, and
employment grow.
c) The period in the business cycle from a peak down to a trough during which unemployment
and inflation fall.
d) A prolonged increase in the output level.
For questions 13 and 14, consider the following labour market data for a hypothetical economy:
+16 age population at working age: 100
Number of people in the labour force: 50
Number of unemployed people: 5
Number of people informally employed: 2
13. What is the labour force participation rate?
a) 50% b) 10% c) 40% d) 60%
14. What is the rate of unemployment?
a) 50% b) 10% c) 40% d) 60%
15. Ahmet is a cashier at a supermarket. As the economy moves towards Industry 4.0, the
supermarket starts to use automated tellers. Ahmet loses his job and is now unemployed. This is
an example of:
a) cyclical unemployment b) frictional unemployment
c) structural unemployment d) non-institutional population

12. Regarding business cycles, a boom refers to:a) A period during which aggregate output declines.b)

Answers

Answer: A business cycle or boom-bust cycle refers to the alternating periods of recession and recovery. Changes in production and trade in a market economy cause these alternating periods. We often use the term together with the economic bubble.

12. The period in the business cycle from a trough up to a peak during which output, and employment grow. B

13. The labour force participation rate is 10 percent

14. The rate of unemployment is 40 percent

15. Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that governments employ to stimulate the economy. True

Frictional unemployment: the unemployment which exists in any economy due to people being in the process of moving from one job to another. False

Structural unemployment: unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand. False

Non-institutional: False

Explanation: Hope the explanation  above was helpful

What is the relationship between financial system and economy

Answers

Answer:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.

Explanation:

the difference is that in financial WE gain more while economy is to economise profit for good and services.

Based on your understanding of the impact of macroeconomic factors, identify which of the following statements is true or false.

a. The larger the federal deficit, other things held constant, the higher are interest rates.
b. If the Fed injects a huge amount of money in the markets, inflation is expected to decline, and long-term interest rates are expected to rise.
c. In November 2008, the yields on U.S. Treasuries were actually negative. This means that investors were willing to lose money on their investment in U.S.
d. Treasuries as long as most of their invested capital was safe.
e. The Federal Reserve’s ability to use monetary policy to control economic activity in the United States is limited because U.S. interest rates are highly dependent on interest rates in other parts of the world.

Answers

Answer and Explanation:

1. True: money supply increase is inversely relayed to short term in5st rates which begin to fall

2. True: there is an increase in price of treasury securities here because of high demand of safe securities such as this. Therefore the interest which is constant is not equal increase in price

3. False: increase in interest will decrease money supply. money supply is increased to boost economy

4. True: other interest rates affect us interest rates

Based on your understanding of the impact of macroeconomic factors, identify which of the following statements

Which of the following team members would not be involved in managing the stock
levels of goods or materials?
Delivery Truck Driver
Material Handler
Inventory Manager
Logistics Manager

Answers

Answer: Delivery Truck Driver.

Explanation:

Delivery Truck Driver. This team member would not be involved in managing the stock levels of goods or materials because their role is to transport goods from one location to another. They do not have the responsibility of tracking and managing the inventory.

Which word names the way the different parts of language are arranged?
Gramma
Pronunciation
Structure
Diction

Answers

Linguists have identified five basic components (phonology, morphology, syntax, semantics, and pragmatics) found across languages.

Why does the economy produce where short-run aggregate supply (SRAS) and aggregate demand (AD) cross rather than where long-run aggregate supply (LRAS) and AD cross?

Answers

Short-run aggregate supply curves illustrate supply in the near future or over a period in which capital is fixed. Long-run aggregate supply curves show supply in the long-term in which all inputs are variable.

What is long-run aggregate supply?

The long-run aggregate supply (LRAS) curve connects the level of output generated by enterprises to the long-run price level.

Price changes in production variables modify the short-run aggregate supply curve. Changes in the capital stock, natural resource stock, and degree of technology can also cause the short-run aggregate supply curve to alter.

Short-run aggregate supply curves depict supply in the near future or over a specified length of time. Therefore, Long-run aggregate supply curves depict long-term supply with varying inputs.

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Measure the angle in degrees.

Measure the angle in degrees.

Answers

Answer:

45°

Explanation:

If you look at it since the is backward due to the angle 180 would represent 0 and the 140 would be 40 so it is between the 140 and 130 marks so it is 45°.

Which action is an example of the United States using economic influence as a tool of foreign policy?​

Answers

Answer:

Econimy Can use alot of help by influencing more things for their city.

Explanation:

Is there an option tho?

SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.​

Answers

Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.

A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.

What are business challenges?

Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.

They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.

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After receiving a reward for information leading to the arrest of a notorious criminal, you are considering investing it in an annuity that pays $5,000 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity

Answers

Answer:

The maximum that should be paid for this annuity today is $62311.05

Explanation:

To calculate the maximum that should be paid for the annuity, we will calculate the present value of annuity. As the cash flow from annuity occur at the end of the period, it is an ordinary annuity. The formula for the present value of ordinary annuity is attached.

Present value = 5000 * [ 1 - (1+0.05)^-20 / 0.05 ]

Present value = $62311.05171 rounded off to $62311.05

After receiving a reward for information leading to the arrest of a notorious criminal, you are considering

Suppose the government enacts a stimulus program composed of $400 billion of new government spending and $200 billion of tax cuts for an economy currently producing a GDP of $14,000 billion. If all of the new spending occurs in the current year and the government expenditure multiplier is 1.8, the expenditure portion of the stimulus package will add _______ percentage points of extra growth to the economy. (Round your response to two decimal places?.)
If the government taxation multiplier is 1.2?, the tax cut portion of the stimulus package will add _______ percentage points of extra growth to the economy.
(Round your response to two decimal places.)
As a result of the stimulus program, the economy's GDP was increased by ______percentage points over its value without the program.
(Round your response to two decimal places.)
If the economy's actual growth was 33 percent, then without the stimulus package, growth would have been ______percentage points.
(Round your response to two decimal places and use a minus sign if necessary.)

Answers

Answer:

thank you for points I will return them to you in 2 days

Using Activity Based Costing, calculate the rate for each cost driver.
13 marks b) Using activity based budgeting, prepare a budgeted yearly operating statement for
Aero3D Ltd. Show the following separately, within the statement.
i. The budgeted output for each product per year;
ii. The contribution to profits for each product and in total before charging activity based costs;
iii. The profit for each product and in total after charging activity based costs but before charging core costs (non-activity based costs);
iv. The total profit after charging core based costs.

Using Activity Based Costing, calculate the rate for each cost driver.13 marks b) Using activity based

Answers

i. Budgeted output for each product per year is XS PRO: 3,400 units and POLYX: 1,800 units

ii. Contribution to profits for each product and in total before charging activity-based costs are XS PRO: £561,000 + POLYX: £379,800 (£940,800)

iii. Profit for each product and in total after charging activity-based costs but before charging core costs are XS PRO: Profit after activity-based costs and POLYX: Profit after activity-based costs

iv. Total profit after charging core costs: Total profit after charging core costs

How did we arrive at these values?

To calculate the rate for each cost driver using Activity Based Costing (ABC), divide the total cost of each cost pool by its respective cost driver.

a) Calculation of rates for each cost driver:

1. Condensing machine:

Rate = Total cost of condensing machine / Number of production batches

Rate = £450,000 / 60

Rate = £7,500 per batch

2. Shaping machine:

Rate = Total cost of shaping machine / Shaping machine hours

Rate = £130,000 / (3,400 × 0.50 + 1,800 × 0.70)

Rate = £130,000 / 2,400

Rate = £54.17 per shaping machine hour

3. Manual handling of material:

Rate = Total cost of manual handling of material / Weight of material handled

Rate = £55,000 / (3,400 × 1.2 + 1,800 × 1.4)

Rate = £55,000 / 7,040

Rate = £7.80 per kilogram of material handled

b) Budgeted yearly operating statement for Aero3D Ltd:

i. Budgeted output for each product per year:

- XS PRO: 3,400 units

- POLYX: 1,800 units

ii. Contribution to profits for each product and in total before charging activity-based costs:

Contribution per unit = Selling price - Direct material cost - Direct labor cost

- XS PRO: £175 - £8 - £2 = £165 per unit

- POLYX: £225 - £10 - £4 = £211 per unit

Contribution before activity-based costs:

- XS PRO: £165 × 3,400 = £561,000

- POLYX: £211 × 1,800 = £379,800

Total contribution = £561,000 + £379,800 = £940,800

iii. Profit for each product and in total after charging activity-based costs but before charging core costs:

Cost breakdown per unit:

- XS PRO:

- Condensing machine cost = Rate (Condensing machine) × Number of production batches

- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours

- Manual handling cost = Rate (Manual handling of material) × Weight of material handled

Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost

- POLYX:

- Condensing machine cost = Rate (Condensing machine) × Number of production batches

- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours

- Manual handling cost = Rate (Manual handling of material) × Weight of material handled

Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost

Profit after activity-based costs but before core costs:

- XS PRO: Selling price - Total cost per unit

- POLYX: Selling price - Total cost per unit

iv. Total profit after charging core costs:

Total profit = Total contribution - Core costs

Since the core costs are given as a fixed amount and not linked to any activity or cost driver, they are not allocated using the ABC method.

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1. Critical thinking requires setting high standards for yourself. True or false

Answers

Answer:

True

Explanation:

true is the right answer

Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore §179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.)

Asset Date Placed in Service Original Basis
Machinery October 25 $ 112,000
Computer equipment February 3 52,000
Delivery truck* March 17 65,000
Furniture April 22 192,000
Total $ 421,000
*The delivery truck is not a luxury automobile.

In addition to these assets, Convers installed qualified real property (MACRS, 15 year, 150% DB) on May 12 at a cost of $720,000.

a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect §179 expense and elects out of bonus depreciation?

Answers

Following the depreciation accounting approach, the cost of an item is spread out over its useful life.

a. Calculation of the allowable MACRS depreciation in the current year-

Machinery- October 25 with  112,000$ ( 14.29%)

Computer equipment- February 3  with 52,000$ ( 20.00%)

Delivery truck* -   March 17  with  65,000$ ( 20.00%)

Furniture-   April 22  with 192,000$( 14.29%)

Qualified improvement - May 12 with $720,000 (1.605%)

So, the total amount on original basis would be= 493,000$.

In the brackets we have rates at which depreciation is charged-

Now, we take out depreciation and add them-

= 16004.8 + 10,400 + 13000+ 27,436.8 + 11,556

= 78,397.6$

Hence, the allowable MACRS depreciation on Convers's property in the current year is 78,367.6$.

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The ford motor company makes a car in 2020 and sells it to the Jones family in 2021. Use the information to do complete the statement below
This event increases consumption in ________ and increased GDP in ______

Answers

Due to this incident, GDP will grow in 2021 and consumption will rise.The use of products and services by people or families is referred to as consumption.

It is an essential element of economic activity and is intimately related to consumer spending and economic growth. Lower levels of consumption could signify an uncertain or slowing economy, while higher levels could indicate improved consumer confidence and a robust economy. Due to the frequent use of limited resources, production of trash, and pollution, consumption can also have an adverse effect on the environment and resources. Income, pricing, tastes, and preferences, as well as government policies like taxes and subsidies, can all have an impact on the level of consumption. The importance of sustainable consumption, which strikes a balance between economic growth and environmental conservation

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What are some possible reasons top leaders fail to create succession plans?

Answers

Leaders who are unwilling to delegate responsibilities may be reluctant to plan for succession because they feel that no one can do the job as well as they can.

Who is Leaders?

Leaders are individuals who have the ability to influence, guide, and inspire others towards a common goal or vision. They can be found in all areas of society, including politics, business, education, and community organizations.

Overconfidence: Some leaders may feel that they are irreplaceable and that there is no need for a succession plan.

Short-term thinking: Leaders may focus solely on short-term goals and neglect the importance of long-term planning and leadership development.

Lack of resources: Some organizations may not have the resources, such as time or money, to devote to succession planning.

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Competition happens when two or more businesses
complement one another.
fight for the same benefit or gain.
work together to achieve success.
follow regulations from an agency.

Answers

Answer:

fight for the same benefit or gain

Explanation:

For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.

For example, they may differentiate their products or give discounts in order to attract customers and so increase profits

Answer:

The correct answer would be B.) fight for the same benefit or gain.

Explanation:

Hope this Helps yall.

* Một DN độc quyền có chức năng doanh thu trung bình (AR) của SP X như sau: AR = - Q / 2 + 2.000. Trong đó Q là sản lượng, P là giá cả, tính bằng ngàn đồng / Đvsp. Hàm chi phí SX của DN is TC = (1/2) Q2 + 100Q + 300.000 1) Xác định giá và sản xuất để tối đa hóa lợi nhuận. Tối đa lợi nhuận tổng hợp là bao nhiêu? (MR = MC) 2) Chính phủ quyết định thuế t = 100 ngàn / đvsp. Sản lượng, giá cả và lợi nhuận sẽ thay đổi như thế nào?

Answers

Answer:jrjr

Explanation:

The graph shows the cost and revenue curves for a monopoly that produces teddy bears. The letters in the graph represent the enclosed areas.
If the monopolist charges a single price for teddy bears, which of the following describes an accurate outcome?

The graph shows the cost and revenue curves for a monopoly that produces teddy bears. The letters in

Answers

If the If the monopolist charges a single price for teddy bears, the accurate outcome would be: Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e). Option D is correct

What is meant by consumer surplus?

Consumer surplus, which serves as a gauge of consumer welfare, is the difference between a product's social value and its actual purchase price.

When a product's market price is higher than the consumer's willingness to pay for it, a surplus is created. The economic concept of marginal utility, or the additional enjoyment one receives from consuming one more unit of a good or service, is the foundation of consumer surplus.

Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. The marginal benefit of each unit of consumption for a consumer is also represented by each price along a demand curve.

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The consumer surplus equals area (a), the producer surplus equals area (c), and the deadweight loss equals area (b+d+e).

The consumer surplus equals area (b), the producer surplus equals area (c+d), and the deadweight loss equals area (d+e).

The consumer surplus equals area (a+b) the producer surplus equals area (c), and the deadweight loss equals area (e+f).

Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e).

The consumer surplus equals area (a), the producer surplus equals area (c+f), and the deadweight loss equals (b+d+e).

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