A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P=50 - Q. Suppose fixed costs rise to $400. What happens in the market? A. The firm will raise the price B. The firm will shut down immediately C. The firm continues to produce the same output and charge the same price D. The firm will reduce its output and raise price

Answers

Answer 1

The correct answer to the given question is the option D: The firm will reduce its output and raise price.

A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P=50 - Q. Suppose fixed costs rise to $400, as a result, the total cost of producing goods is increased. Therefore, it will affect the profit earned by the company.The change in fixed costs will cause the monopolist to adjust the price of their product to ensure that the product is still sold and profits are being made. In order to do so, the monopolist will raise the price of their product and reduce their output level. The company must do so in order to continue earning profits and avoid losses. Thus, the correct answer to the given question is option D. The firm will reduce its output and raise price.

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Related Questions

Use the credit card information below and the designated method of computing interest to fill in the blanks.



Adjusted Balance Method
Interest $

New Balance

Use the credit card information below and the designated method of computing interest to fill in the

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The issuer adds up the initial balances for each day of the billing cycle and deducts any credit card made to your account on that day to determine the sum payable. Cash advances are normally included in the balance.

Which approach of calculating a credit card debt ignores the purchase?

Customers that use the adjusted balance technique receive a grace period before making new purchases because recent purchases aren't taken into account when calculating the adjusted balance.

How should the finance charge be calculated using the average daily balance method?

The average daily balance is calculated by adding up the balances for each day of the billing cycle and dividing the result by the total number of days in the period.

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which plant organelle transforms light into glucose to use as food?

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As photosynthesis occurs in a plant cell, the chloroplast produces sugar by converting light energy into chemical energy stored in glucose.

The most prevalent monosaccharide, a type of carbohydrate, is glucose. The majority of plants and algae produce glucose during photosynthesis from water and carbon dioxide with the help of solar energy, where it is utilised to create cellulose, the most prevalent carbohydrate in nature, in the cell walls. For use in metabolism, glucose is stored as a polymer, mostly as starch and amylopectin in plants and glycogen in mammals. Animals' blood contains glucose as blood sugar. The stereoisomer of glucose, l-glucose, which is less physiologically active and is created synthetically in relatively tiny amounts, is d-glucose, which occurs naturally.

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The Pohl Pool Company has six jobs waiting to be processed through its liner department. Processing can start immediately. Total Remaining Processing Time (Days) Due Date (Days from Now Total Remaining Number of Operations Job 13 2 10 12 a. If the slack per operation scheduling rule is used, in what order would the jobs be started? b. What is the mean lateness (in days) of the sequence calculated in question a? c. What is the mean tardiness (in days) of the sequence calculated in question a? d. What is the average number of job in the system using the sequence in question a?

Answers

The average number of jobs in the system is the sum of the jobs in the system on each day divided by the number of days, which is (1+2+3+3+2+2+2+2+1+1+1+1+1) / 13 = 1.69 jobs.

The Pohl Pool Company has six jobs to be processed in its liner department.

The company can start processing immediately, but they need to consider the total remaining processing time and due date for each job. To determine the order of processing, the slack per operation scheduling rule is used.

After applying this rule, the order of jobs is determined. The mean lateness and mean tardiness of the sequence are then calculated. Additionally, the average number of jobs in the system using the sequence is determined. These metrics help the company to better understand the efficiency of their liner department and to plan their operations accordingly.

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¿Cuáles de estos son agentes económicos?

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Three fundamental economic agents are present in every economy: Families, businesses, and the government, despite current economic theories.

What are the four types of economic agents?

There are four primary economic agents: individuals, businesses, governments, and central banks are all examples.

What economic agents are there and what are their functions?

Economic agents are one of the most important parts that make up a country. Simply put, these subjects are financial or legal participants in an economic activity. Numerous economic agents produce and distribute goods and services in a territory.

Incorporating four figures: one of the banks, given their increasing prominence when it comes to influencing the economy.

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If a firm has $6. 5 million in debt, $27. 8 million in equity, a tax rate of 35%, and pays 7% interest on debt, what is the firm's pv of the interest tax shields?

Answers

Answer:

The present value of interest tax shields is $32.5 million.

Explanation:

The present value of interest tax shields can be calculated as:

PV(ITC) = DTc / r

where D is the debt, Tc is the corporate tax rate, and r is the interest rate on debt.

In this case, D = $6.5 million, Tc = 35%, and r = 7%.

PV(ITC) = $6.5 million x 35% / 7%

PV(ITC) = $32.5 million

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the most indirect channel is used when there are many small producers and many small retailers; in this channel structure a(n) blank is used to coordinate a large supply of the product. multiple choice question. agent packager project manager wholesaler

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When there are numerous small producers and numerous small merchants, the most indirect channel is employed; in this channel, a structuring agent is used to organize a sizable supply of the product.

Agency is the capacity for an individual to act freely and make their own free judgments. In determining whether a person operates autonomously or in line with societal norms, the structure vs. agency argument can be understood as a struggle between socialization and autonomy.

Employed as a route for intermediaries who are not linked with the manufacturer to sell goods and services indirectly to customers.

You would be using a direct sales channel if you went to a Nike store or the Nike website to buy a pair of their sneakers. An example of an indirect sales channel is buying them from online retailers like Zappos and Amazon or buying them from any other sports goods stores.

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When Carson dies, he wants to provide income for his spouse that is not taxed at the time of his death. What can Carson create that is MOST likely to make this happen?
1.) a living will
2.) a power of attorney
3.) a trust
4.) a simple will

Answers

Carson should create a trust because it will allow him provide income for his spouse that is not taxed at the time of his death because it is held by a legal institution.

Usually, when an estate owner dies with or without will, a tax will be paid from their estate before any money is distributed to their heirs or beneficiary.

Thus, the living will and simple will does not offer the benefit of tax-free.

However, a trust will allow him to provide income for his spouse that is not taxed at the time of his death because it is held by a legal institution.

Therefore, the Option C is correct.

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which product exists in a monopolistically competitive market?

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Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.

Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.

A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.

Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.    

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Answer:

clothing

Explanation:

I learn today that monopolistically competitive is something with varity like cloths there are plenty of options

a seller paid $1,536 in hoa fees at the beginning of the year. the buyer closed on the property and took possession with exactly 5 months left in the year. using the 360-day calendar, how much would the buyer owe the seller in prorated hoa fees?

Answers

Using a 360-day calendar, the buyer would owe the seller $645 in certified HOA fees.

To determine the prorated amount of HOA fees that the buyer would owe the seller, you first need to determine the total number of days left in the year after the buyer took possession of the property.

Since there are 5 months left in the year or 5/12 of a year, there are

5/12 * 360 days = 150 days left in the year.

You can then divide the total HOA fees paid by the seller by the number of days in the year to determine the daily rate, which is

$1,536 / 360 days = $4.30/day.

Multiplying the daily rate by the number of days left in the year will give you the prorated amount that the buyer owes the seller:

$4.30/day * 150 days = $645.

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why is free car insurance an incentive for college graduates and first time buyers?

Answers

Answer:

Free car insurance is an incentive for college graduates and first time buyers sheerly because of the price. College graduates and the like usually do not have the wealth to spend too much on car insurance.

Explanation:

why is market development necessary ?

Answers

A marketing development strategy is important because it helps a business grow and reach new customers in a planned, structured way. Expanding your audience creates the potential for more leads, more sales, and more revenue, but in-depth research is essential to make sure there's value in targeting new customers.

Morshed and Jui couple have two children. The age of first child is 10 years old and the Morshed couple


is expecting that their first child Alex will go to university after 8 years. And the university expected cost


after years will be approximate BDT 200,000. 00 per year, according to that to complete the four years degree


they need BDT 1,000,000. 00, how much should the couple begin depositing annually at the end of each year


to accumulate enough funds to pay each year’s tuition fees to continue Alex education? Assume that they can


earn a 6% annual rate of return on their investment

Answers

Investment refers to the purchase of goods that are not consumed today, but are used in the future to generate income.

A cost is an expenditure that a company incurs to produce and sell a product. In this case, Morshed and Jui couple are expecting their first child to go to university after 8 years. The university expected cost after years will be approximate BDT 200,000.00 per year, according to that to complete the four years degree they need BDT 1,000,000.00.To accumulate enough funds to pay each year’s tuition fees to continue Alex education, the couple must deposit BDT 80,245 annually.

This is because they will have to pay BDT 200,000 for each year of education. If they are aiming to accumulate BDT 1,000,000 over 8 years, they need to start investing now. Assuming a 6% annual rate of return on their investment, the couple needs to deposit BDT 80,245 at the end of each year. The formula for calculating the annual deposits required to achieve the desired future value of an investment is as follows:FV = PMT x [{(1 + r)n - 1} / r]where FV = future value of investment; PMT = annual payment; r = interest rate; and n = number of years.

Using this formula, we can calculate the PMT value as follows:1,000,000 = PMT x [{(1 + 0.06)8 - 1} / 0.06]Simplifying the equation, we get:PMT = 80,245Therefore, the couple needs to deposit BDT 80,245 at the end of each year to accumulate enough funds to pay each year’s tuition fees to continue Alex's education.

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How does compromising differ from accommodating in the Thomas-Kilmann Conflict Mode Instrument (TKI)?


-Compromising is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while accommodating is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.

-Compromising is giving in to the customer at the expense of the organization while accommodating entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.

-Accommodating is giving in to the customer at the expense of the organization while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.

-Accommodating is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while compromising is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.

Answers

Answer:

Accommodating is giving in to the customer at the expense of the organization, while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.

Explanation:

Direct labor and overhead costs incurred to change raw materials into finished products are known as

Answers

Answer:

conversion costs

Explanation:

Direct labor and overhead costs incurred to change raw materials into finished products are known as conversion costs.

What is labor?

The effort that people put forth to produce goods and services is referred to as labor. Both the engineer who created the bus that delivers you to school and the waiter who brings your food to a nearby restaurant are examples of labor resources.

The term conversion cost refers to that, The cost which is required.  to convert raw materials into completed products. The concept is used in cost accounting to derive the value of ending inventory, which is then reported in the balance sheet.

By the formula, we can calculate The, Conversion Costs = Direct Labor Costs + Manufacturing Overheads.

Therefore,  The changes in the raw materials into finished products are known as conversion costs.

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Why do new suppliers crowd into a market in which prices are rising?

Answers

Answer: They do this because if their products are scarce, they can raise the price high and get consumers to outbid one another.

Explanation: Usually, the producers do this tactic and they will produce more in response to higher prices. Their goal is to make more money for a good or service. I hope this helps!

The deadweight loss from a $3 tax will be largest in a market with
a. inelastic supply and elastic demand.
b. inelastic supply and inelastic demand.
c. elastic supply and inelastic demand.
d. elastic supply and elastic demand.

Answers

The deadweight loss from a $3 tax will be largest in a market with elastic supply and inelastic demand. Option c is correct.

An economic state where the total economic well-being of a society is less than what is optimal is referred to as deadweight loss. This is where the allocation of resources within a market is inefficient and results in a loss of economic surplus. A $3 tax imposed on a market with elastic supply and inelastic demand will result in the largest deadweight loss because a small tax on a good that has an inelastic demand and elastic supply would result in a small deadweight loss because, in this case, buyers can’t really leave the market, and neither would producers due to a decrease in the price.

However, when the supply is elastic and demand is inelastic, the quantity of goods is going to reduce by a larger amount if the tax is imposed, but the price rise will be small. This means that, as the supply curve is more sensitive to the change in price than the demand curve is, a larger deadweight loss is incurred. Therefore, in this situation, the deadweight loss is the highest. Hence, option (c) is correct.

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Based on U.K. data on annual percentage change in wages (Y) and the percent annual unemployment rate (X) for the years 1950 to 1966, the following regression results were obtained: Y₁ - 1.4282+8.7243(1/x1) r²= Se= (2.0675) (2.8478) 0.3849 F(1.15)= 9.39 a. What is the interpretation of 8.7243? b. Test the hypothesis that the estimated slope coefficient is not different from zero. Which test will you use? c. How would you use the F test to test the preceding hypothesis? d. Given that Y= 4.8 percent and X= 1.5 percent, what is the elasticity of Y with respect to X ? e. How would you test the hypothesis that the true r²= 0?

Answers

The coefficient 8.7243 represents the estimated effect of the variable (1/X₁) on the annual percentage change in wages (Y). Specifically, for every unit increase in (1/X₁), the annual percentage change in wages is expected to increase by approximately 8.7243 units.

b. To test the hypothesis that the estimated slope coefficient is not different from zero, we can perform a t-test. The null hypothesis, in this case, is that the slope coefficient is equal to zero (H₀: β₁ = 0). The alternative hypothesis would be that the slope coefficient is not equal to zero (H₁: β₁ ≠ 0).

c. The F-test can be used to test the hypothesis that the estimated slope coefficient is not different from zero. In this case, the F-statistic given is F(1.15) = 9.39. To test the hypothesis, we compare this F-statistic with the critical value of the F-distribution at the desired significance level. If the calculated F-statistic is greater than the critical value, we reject the null hypothesis and conclude that the estimated slope coefficient is statistically significant.

d. To calculate the elasticity of Y with respect to X, we can use the estimated slope coefficient. The elasticity is given by the formula: elasticity = β₁ * (X / Y). Given Y = 4.8 percent and X = 1.5 percent, we can substitute these values into the formula to calculate the elasticity.

elasticity = 8.7243 * (1.5 / 4.8) = 2.72

Therefore, the elasticity of Y with respect to X is approximately 2.72.

e. To test the hypothesis that the true R² = 0, we can use an F-test. The null hypothesis (H₀) is that the true R² is equal to 0, indicating no linear relationship between the independent variable (X) and the dependent variable (Y). The alternative hypothesis (H₁) would be that the true R² is not equal to 0, suggesting the presence of a linear relationship.

To conduct the F-test, we compare the calculated F-statistic with the critical value of the F-distribution at the desired significance level. If the calculated F-statistic is greater than the critical value, we reject the null hypothesis and conclude that there is evidence of a linear relationship (i.e., the true R² is not equal to 0).

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Mention any 4 criteria that a human resource manager should consider about job applicants.

Answers

The correct answer to this open question is the following.

Although there are no options attached, we can comment on the following.

The criteria that a human resource manager should consider about job applicants are the following.

1.- Technical expertise in their fields.

Candidates must show they have the experience for the position they are applying for.

2.- Accountability.

Managers should prove that candidates are responsible people and own the consequences of their decisions and actions.

3.- Commitment.

Managers have to realize that candidates are willing and able to show appreciation and commitment to the company. Their work must be a priority and should be dedicated to it.

4.- Communication.

Employees should show their communications abilities and capacity to accept criticism.

Which does not affect the level of wages?
A. actions of labor unions
B. law of supply and demand
C. production possibilities frontier
D. minimum-wage laws

Answers

a if i’m not mistaken

Prompt
What is debt?

Answers

Answer:

debt is when you spent more money than you had

Is when u owe on something cause u did not have enough money to cover the original cost

________ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resulting in its simplicity as a method but inaccuracy in times of change.

Answers

Answer: The answer is Trend extrapolation

Explanation:

Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game

Answers

Answer:

mean

Explanation:

Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.

Answers

Answer:

D.

Explanation:

They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.

if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month

Answers

$420 is the correct answer however if you are not conservative $69 might be a good choice.

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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demand is ___ when the price change results in a relatively larger change in the quantity demanded ​

Answers

Answer:

Demand is elastic when the price change results in a relatively larger change in the quantity demanded :3

Explanation:

:3

Name a form of ownership that is represented by the South African broadcasting corporation (sABC) and outline four characteristics of this form of ownership

Answers

Answer:

State-Owned Enterprise (SOE)

Explanation:

South African broadcasting corporation (SABC) is a form of a state-owned enterprise. Characteristics of a state-owned enterprise include,

1. Financing

The government funds State-owned enterprises. It means that state corporations such as SABC are founded and run using public funds. A corporation is state-owned when fully financed by the government or where the state is the majority shareholder.

2. Managed by The Government

Government appointees manage State-owned enterprises.  In some cases, state corporations are controlled and report directly to a government department.

3. Service objectives

A majority of state opened enterprises are formed to offer a specific service to the public. Although they have profit objectives, they differ from private enterprises in that the later are formed primarily for-profit motives.

4. Monopoly tendencies

Many state-owned corporations  tend to operate as monopolies. They dominate the industry while denying or restricting private sector participation.

The form of ownership that is represented by the South African broadcasting corporation (sABC) is a public enterprise or state owned enterprise.

The characteristics of this firm of ownership include:

State ownership: The enterprises are managed by the government.Such companies are financed through the government.The main objective of such companies isn't profit making but to provide services for the people.Such companies are usually monopoly enterprises.

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Suppose that Dent Carr’s long-run total cost of repairing s cars per week is c(s) = 3s2 + 75. If the price he receives for repairing a car is $36, then in the long run, how many cars will he fix per week if he maximize profits?
a. 0
b. 12
c. 9
d. 6
e. 18

Answers

To maximize profits, Dent Carr should produce at the level of output where marginal cost (MC) equals marginal revenue (MR), which is the price he receives for repairing a car. In this case, MC is the derivative of the total cost function: MC = 6s. Since the price is $36, MR is also $36. Therefore, we can set up the equation:

MC = MR
6s = 36
s = 6

So Dent Carr should fix 6 cars per week to maximize profits. The answer is (d) 6.

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Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.

Answers

Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.

What is the Cash Cow?

The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:

Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.

Thus, the strategic business unit with the above characteristics is a cash cow.

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Which explains how regulatory agencies compare with cabinet agencies such as the departments of commerce and the treasury?.

Answers

Cabinet agencies support business and economic growth, whereas regulatory agencies set and enforce business standards.
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