Some monopolistic competitors earn positive economic profits in the long run because a. there are high barriers to entry in monopolistic competition. b. they have successfully differentiated their products from their competitors' products. c. there is easy entry and exit. d. b and c e. none of the above
Answers
In a monopoly, only the company that dominates the market can make a profit because it is difficult for other companies to compete (option A)
What is monopoly?A monopoly is a term that refers to a situation of legal privilege in which a producer or economic agent (monopolist) has great market power and is the only one in an industry.
For example: A company that produces cars and is the only one in a country that has all the means to produce and market cars. For other companies it is difficult to enter a consolidated market to compete against that company.
According to the above, it can be inferred that for new companies there are great barriers to compete against a company that has a monopoly.
Learn more about monopoly in: https://brainly.com/question/5992626
#SPJ1
Related Questions
mergers and acquisitions take longer to execute than a greenfield investment. true or fasle?
Answers
True, Compared to greenfield investments, acquisitions and mergers are easier to carry out.
By acquisitions, what do you mean?The ownership of corporations, other company operations, or their functional areas may be exchanged to or merged with some other entity or business entity through commercial transactions known as mergers and acquisitions. In a business acquisition, one firm (the acquirer) purchases the majority of the stock in another business (the target) in order to take over management of the target's assets and operations. Acquisitions are frequently conducted amicably, which means that both parties are in agreement and negotiate the parameters of the deal. Depending on the connection between both the buyer and seller, there are four primary types of acquisitions: vertical, horizontal, conglomerate, and congeneric.
To know more about merger visit:
https://brainly.com/question/1086715
#SPJ1
owen's adjusted gross income for the year will be $150,000 and he is planning to make only one of following charitable donations. if he contributes $100,000 cash to a public charity, he can deduct $ . if he contributes property that is worth $80,000 to a public charity, he can deduct $ . or, if he contributes publicly traded stock with a fmv of $60,000
Answers
AGI (adjusted gross income) is total gross earnings less above-the-line deductions such as the educator rate deduction or the scholar loan activity deduction.
These are located on Schedule 1 of Form 1040. Your taxable income is your AGI minus either the preferred or itemized deductions and the qualified enterprise profits deduction.
What is the method for AGI?The AGI calculation is enormously straightforward. It is equal to the total earnings you report it is subject to profits tax—such as revenue from your job, self-employment, dividends and hobby from a bank account—minus unique deductions, or “adjustments” that you're eligible to take.
Learn more about adjusted gross income here:
https://brainly.com/question/1931633#SPJ4If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Scenario: Money Creation The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in his checking account. The bank does NOT want to hold excess reserves. Reference: Ref 14-5 (Scenario: Money Creation) Look at the scenario Money Creation. Immediately after the deposit, reserves _____ and demand deposits _____ by $1,000. Group of answer choices increase by $1,000; increase decrease by $200; increase decrease by $1,000; decrease increase by $1,000; decrease
Answers
HELPPPPPPP
2. The components of marginal revenue
Yakov's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initially, Yakov produced eight fire engines, but he has decided to increase production to nine fire engines. The following graph shows the demand curve Yakov faces. As you can see, to sell the additional engine, Yakov must lower his price from $80,000 to $60,000 per fire engine. Note that while Yakov gains revenue from the additional engine he sells, he also loses revenue from the initial eight engines because he sells them all at the lower price.
Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $60,000 rather than $80,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $60,000.
Answers
The information given regarding the marginal revenue is illustrated below.
How to illustrate the information?Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will slow down when the output level increases.
Here, the price effect dominates the quantity effect so he cannot increase the production from 7 units to 8 units.
Learn more about marginal revenue on:
https://brainly.com/question/25623677
#SPJ1
istp
1.Use the results of your personality test and write an essay.
2.Based on the test results write an essay describing your personality, learning style, and communication skills.
3. Post your essay on the "Question" page. Respond to all posts to your essay.
please pwede nyo ba sagutan due date na kasi Yan bucks please
Answers
Answer:
As an ISTP, I am characterized as a practical and logical person who enjoys solving problems and engaging in physical activities. I prefer to work independently and focus on the task at hand rather than engaging in social interactions.
My learning style is hands-on and experiential. I prefer to learn by doing rather than reading or listening to lectures. I thrive in situations where I can apply my knowledge and skills to solve real-world problems. I am good at analyzing complex situations and breaking them down into manageable parts.
When it comes to communication skills, I tend to be concise and to the point. I don't like to waste time on small talk and prefer direct communication. I am a good listener and pay attention to details. However, I may come across as aloof or detached in social situations, which can be misinterpreted by others.
As an ISTP, I have several strengths that I bring to any team or group. I am dependable, practical, and resourceful. I enjoy taking on challenges and coming up with creative solutions to problems. I am adaptable and can work in a variety of settings and situations.
However, there are also some weaknesses that I need to be aware of. I can sometimes come across as insensitive or indifferent to others' feelings, which can lead to misunderstandings and conflicts. I also have a tendency to procrastinate and avoid tasks that I find uninteresting or challenging.
To improve my communication skills, I can work on being more expressive and open with my thoughts and feelings. I can also try to be more patient and understanding with others, even if their communication styles differ from my own. To improve my learning style, I can seek out more opportunities for hands-on experience and experimentation, and try to engage with different learning materials to broaden my knowledge.
Overall, as an ISTP, I am a problem-solver who prefers practical solutions and hands-on experiences. While my communication style may come across as aloof, I am a good listener and pay attention to details. By being aware of my strengths and weaknesses, I can work to improve my skills and become a more effective member of any team or group.
Explanation:
how can we control the quality in the tourism industry?
Answers
Answer:
Avoid mainstream and/or iconic destinations. ...
Make “second city” tourism a habit. ...
Highlight lesser known places. ...
Travel as slowly as possible. ...
Travel in smaller groups. ...
Make sure people in your photos have given consent.
1) Do you think that gelatin dessert/Jello is perfectly competitive?
2) Use the characteristics of perfectly competitive firms to support your response.
Hints: Think about the product and the number of sellers, if the product is standardized (identical), and barriers to entry to explain your answer. You can also include pricing and output reasons for your response.
Answers
Due to the limited number of sellers, lack of standardized products, barriers to entry, and brand control over pricing and output decisions, gelatin dessert/Jello is not considered a perfectly competitive market.
1) Gelatin dessert, also known as Jello, is not perfectly competitive.
2) There are several characteristics of perfectly competitive firms that can be used to support this response.
Firstly, in a perfectly competitive market, there are a large number of sellers. However, when it comes to gelatin dessert/Jello, there are a limited number of major brands dominating the market, such as Jell-O and Knox.
Secondly, perfectly competitive firms produce standardized products, meaning their goods are identical. In the case of gelatin dessert/Jello, while there are different flavors and variations, the product is not truly standardized across brands, as each may have its unique recipe and ingredients.
Thirdly, barriers to entry are low in perfectly competitive markets. However, in the gelatin dessert/Jello industry, there are specific requirements and knowledge needed to produce gelatin-based products, which can act as barriers to entry for potential competitors.
Lastly, pricing and output decisions in perfectly competitive markets are determined by market forces. However, gelatin dessert/Jello brands have some control over pricing and output decisions, allowing them to differentiate their products and set prices accordingly.
Learn more about competitive mark
https://brainly.com/question/7024827
#SPJ11
quantitative management emphasizes the use of accounting to provide the needed internal controls related to inventory.
Answers
False. Quantitative management is a type of management that emphasizes the use of mathematical and statistical methods to analyze and optimize business processes and decision-making. It is not necessarily focused on the use of accounting to provide internal controls related to inventory.
Inventory management, on the other hand, is concerned with the efficient and effective control of a company's inventory, which includes raw materials, work-in-progress, and finished goods. It involves the tracking and monitoring of inventory levels, as well as the forecasting of future demand and the planning of production and purchasing to meet that demand.
While accounting can certainly be used to provide internal controls related to inventory, it is not the primary focus of quantitative management. Instead, quantitative management typically focuses on the use of data and mathematical modeling to optimize business processes and decision-making, rather than on the use of accounting for internal control purposes.
Learn more about Inventory here:
https://brainly.com/question/26977216
#SPJ4
A period in which the economy is growing at a rate significantly below normal is called a(n):
A.expansion.B.boom.C.peak.D.recession.
Answers
A period in which the economy is growing at a rate significantly below normal is called a recession. The correct option is d).
A recession is characterized by a widespread decline in economic activity, typically measured by a contraction in the Gross Domestic Product (GDP), negative economic growth, and various other indicators such as declining employment rates, decreased consumer spending, and a slowdown in business investment.
During a recession, there is a significant decrease in economic output and overall economic performance. This can be caused by various factors, including a decline in consumer confidence, financial crises, tightening of credit, or a decrease in international trade.
On the other hand, an expansion, option A, refers to a period when the economy is growing and experiencing positive economic growth. A boom, option B, is a phase of rapid economic expansion, often characterized by high levels of economic activity, increased production, and rising prices. A peak, option C, refers to the highest point of an economic cycle before it starts to decline.
Therefore, considering the given options, the most appropriate term to describe a period of significantly below-normal economic growth is a recession. Hence option d) is the answer.
Know more about recession here:
https://brainly.com/question/14737261
#SPJ11
is laws and regulations that govern business. is well-defined rules for appropriate business behavior. do not vary from one person to another. is most important for advertising agencies. is the application of moral standards to business situations.
Answers
The Company pledges to conduct itself in a way that upholds all applicable laws, norms of conduct in the workplace, and business ethics, as well as to treat every employee equally and fairly.
Does a set of laws specify how a company ought to conduct itself?Every business has a code of conduct that is applicable to both the organization and its staff. The motivation behind the rule of conduct is business ethics. Corporate ethical guidelines are frequently adopted freely by businesses, but on occasion, these guidelines may also be mandated by law.
Business ethics: What Is It?The rules for ethically correct and wrong behavior in company are referred to as business ethics. Law defines behavior in part, but "legal" and "ethical" are not always synonymous. By defining permissible practices outside of the purview of the state, business ethics strengthen the law.
Learn more about business ethics here:
https://brainly.com/question/4048149
#SPJ4
Who may be affected by monetary penalties imposed by the Internal Revenue Service when a Tax Professional fails to meet due diligence requirements?
Answers
Answer:
Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)
Explanation:
When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.
This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.
The effect on the tax preparer's client include:
- refund of amounts collected in error because of wrong return
- a two year ban from claiming credits if error is due to recklessness
- a ten year ban if error is as a result of fraud
The consequences for the tax preparer includes:
- for each requirement not met a $500 penalty
- suspension from the IRS e-file
- a ban from tax preparations
- in cases of fraud criminal charges can be made
Genera 5
3
Select the correct answer.
Which relationship is possible when two tables share the same primary key?
O A one-to-one
ОВ.
one-to-many
OC. many-to-one
OD. many-to-many
Reset
Next
Answers
Question:
Which relationship is possible when two tables share the same primary key?
Explanation:
One-to-one relationship.
Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
Answers
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
Find out more on internal control issues at https://brainly.com/question/23880716
#SPJ1
An employee has enrolled in his company's nonqualified deferred compensation plan. The benefit paid at the time of the employee's retirement is:_______.
A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.
B) taxable as ordinary income to the employee with no benefit allowed to the employer.
Answers
Answer:
A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.
Explanation:
When an employee defers to receive the compensation plan he gets the benefit of lower tax bracket each year, ultimately decreasing his tax liability.
Further when he receives the complete amount his income stands taxable. Accordingly at that time ordinary tax rates as per FICA are applicable.
On the employers part it is only deductible when the employee includes it in the income of the year, and pays tax on such compensation received.
Thus, when he receives it as compensation on retirement it is normally taxable at ordinary rates to the employee and deduction can be claimed by the employer.
Samantha has the following assets and liabilities. What is her net worth?
O $2,820
O $28,200
$6,020
O $8,220
Assets
car - $4,200
savings account - $200
cash - $20
Liabilities
car loan - $1,500
credit card $100
Answers
Total assets is $4200+$200+$20 = $4420
Total liabilities is $1500+$100=$1600
$4420-$1600 = $2820
A diversified company has a parenting advantage when it Multiple Choice results in supporting short-term economic shareholder value. avoids acquiring undervalued companies and thus reduces risks. is more able than other companies to create positive collaboration within its portfolio for different specialty groups and geographic locations. is more able than other companies to boost the combined performance of its individual businesses through its high-level guidance, general oversight, and other corporate-level contributions. manages a set of fundamentally similar business operations inside fundamentally similar industries and environments.
Answers
Answer: is more able than other companies to boost the combined performance of its individual businesses through its high-level guidance, general oversight, and other corporate-level contributions
Explanation: The parenting advantage is simply held by that company or organization who thrives more than it's competitors using strategic implementation and adding value to its individual operations in other to facilitate the performance of the company's businesses. Being able to outperform competitiors require high-level guidance and corporate strategy which involves the implementation of a well-defined blueprint designed through high level expertise capable aiding performance and value.
Seal Polymer Industries (SPI) sold two freight containers of latex gloves to Med-Express, Inc., a company based in North Carolina. When Med-Express failed to pay the $104,000 owed for the gloves, Seal Polymer sued in an Illinois court and obtained a judgment against Med-Express. Med-Express argued that it did not have minimum contacts with Illinois and therefore the Illinois judgment based on personal jurisdiction was invalid. Med-Express stated that it was incorporated under North Carolina law, had its principal place of business in North Carolina, and therefore had no minimum contacts with Illinois. Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here? Be specific, as there is a right answer here.
Answers
Answer:
Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here?
Yes, SPI can sue Med-Express in an Illinois court due to the minimum contacts doctrine. This is an actual court case that the North Carolina Court of Appeals ruled in favor of SPI. The minimum contacts rule states that in order for a business to be sued in another jurisdiction it must have maintained minimum contacts with residents of that state. Minimum contacts may include making business with individuals or companies that reside in the other state, visiting the other state or incorporating in the other state. In this case, Med-Express made business with SPI, and SPI is a resident of Illinois.
Yes, Seal Polymer Industries (SPI) can sue Med-Express in an Illinois court under the condition of minimum contact rule, as Med-Express has traded with SPI earlier which is a minimum contact.
What was SPI and Med-Express case in Illinois courts?Med-Express purchased two freight containers of latex gloves from Seal polymer industries and did not paid the amount for that. SPI sued Med-Express, in the Illinois court and asked for the recovery of its money.
Seal polymer industries can sue Mid-Express in the Illinois courts itself under the minimum contact condition of Minimum contact doctrine as they have traded before.
Therefore, Yes, the Seal polymer industries can sue Mid-Express in the Illinois court under the minimum contact rule.
Learn more about the Illinois court case, here,
https://brainly.com/question/7989993
Define one key area of your daily life that would benefit if you learned to communicate better. Explain in detail how that key area would improve with better communication.
Answers
Answer:
if I learned to communicate better I would have more patience
Explanation:
if I were to communicate better I would have more patience with people it would help me understand other people's thoughts feelings and needs as well if I communicated my own thoughts feelings and needs it builds better relationships
What is one benefit US workers who have a college degree rather than a high school diploma?
Answers
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
3 td
(1 po
mm
8. When Dr. Norman travels, she always stays at a Hawks family hotel. She is brand loyal, and
thinks that Hawks offers the best service. On this trip, Dr. Norman stayed at three different
Hawks hotels. Customer service was excellent at two of the hotels, but at the last hotel, the
person checking in guests was rude. Dr. Norman completes a comment card on each hotel,
knowing that Hawks strives for excellent customer service. This scenario exemplifies which
service characteristic?
Omarketability
Ovariability
O inseparability
O intangibility
Answers
Answer:
Variability
Explanation:
Variability expresses the notion that a service may vary in standard or quality from one provider to the next or from occasion to the next.
When does the irs start accepting tax returns with dependents?.
Answers
Answer:
In general, the agency aims to send refunds within 21 days. The simpler your return, the faster the IRS should theoretically be able to process it. The more credits you claim, the longer it might take to receive a refund.
Explanation:
Explain what is conflict management
Answers
Conflict management corresponds to an organizational process where there is a set of efforts to reduce negative conflicts and create an organizational culture focused on cooperation and integration.
How important is conflict management?In an organization, there are several people with different personalities, visions and values, therefore, conflict is inherent to interpersonal relationships, and must therefore be understood more comprehensively by organizational leadership, whose efforts must be to establish communication, facilitate negotiation and conflict resolution, to create an integrated and motivational environment for all.
Therefore, conflict management is an essential activity in the organizational environment, when well managed, conflict can bring increased knowledge and innovation, important for business development.
Find out more about conflict management here:
https://brainly.com/question/26675176
#SPJ1
in country x, there are 210 million people, and among the 160 million over the age of 15: there are 60 million people employed full-time, 10 million people employed part-time, and 10 million people who are classified as unemployed: what is the unemployment rate (u3)?
Answers
There are 210 million people living in country x, with a 75% unemployment rate (u3). Of the 160 million people above the age of 15, 60 million work full-time, and 10 million work part-time.
The proportion of the labour force that is unemployed is known as the unemployment rate. A lag exists. The percentage of the labour force that is not employed at the moment is called the unemployment rate. The Bureau of Labor Statistics calculates the unemployment rate in six distinct methods. The U-6 rate and the 10 million people who are classed as unemployed are the most thorough statistics available.
Unemployment force/population of working age equals the unemployment rate (u3).
(U3) = 60/80*100 for the unemployment rate.
(U3) = 75% unemployment rate
Learn more about unemployment rate here
https://brainly.com/question/29955979
#SPJ4
1. Which is a potential advantage of diversity within organizations?
a) increased ability to appeal to or reach a wider market
b) decreased cohesiveness in the workplace
c) increased likelihood of group-think in decision making
d) higher turnover
Answers
A potential advantage of diversity within organizations is increased ability to appeal to or reach a wider market.
With a diverse workforce, organizations can gain valuable insights into different cultural norms, perspectives, and values, which can help them tailor their products or services to better meet the needs of a diverse customer base. Additionally, diversity can also lead to innovation and creativity, as individuals from different backgrounds bring unique experiences and ideas to the table. Contrarily, decreased cohesiveness, increased group-think, and higher turnover are all potential drawbacks of a lack of diversity within organizations.
A potential advantage of diversity within organizations is a) increased ability to appeal to or reach a wider market. Diverse teams bring varied perspectives, experiences, and backgrounds, which can lead to better understanding of customer needs and preferences, ultimately helping organizations cater to a broader audience and expand their market reach.
To know more about organizations visit:
https://brainly.com/question/12825206
#SPJ11
Which of the following is NOT an advantage of work cells?
A) reduced direct labor cost
B) decreased equipment and machinery utilization
C) heightened sense of employee participation
D) reduced raw material and finished goods inventory
E) reduced investment in machinery and equipment
Answers
Decreased equipment and machinery utilization is NOT an advantage of work cells. Work cells offer several advantages in manufacturing environments, but decreased equipment and machinery utilization is not one of them.
Let's explore the other advantages listed for clarity.
A) Reduced direct labor cost: Work cells can lead to reduced direct labor costs by organizing work processes more efficiently, eliminating unnecessary tasks, and optimizing resource allocation.
C) Heightened sense of employee participation: Work cells promote employee participation by involving workers in the decision-making process, fostering teamwork, and empowering them to contribute their ideas and expertise.
D) Reduced raw material and finished goods inventory: Work cells often result in reduced inventory levels by enabling a more streamlined production process, minimizing work in progress (WIP), and facilitating just-in-time manufacturing.
E) Reduced investment in machinery and equipment: Work cells can reduce the need for excessive machinery and equipment investments by consolidating processes, sharing resources, and eliminating redundancies.
However, decreased equipment and machinery utilization is not an advantage of work cells. Work cells typically aim to optimize equipment and machinery usage by ensuring they are utilized efficiently within the cell's workflow.
To learn more about Work cells click here
https://brainly.com/question/31490422
#SPJ11
In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required
Answers
A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.
A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.
However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.Read more about this here
brainly.com/question/4666914
If Jeffrey was unable to control his communication in a way that presented an "idealized" version of himself, he would be lacking in
Answers
Answer:
b. identity management.
Explanation:
Since in the question it is mentioned that Jeffrey is not able to control his communication and represent as an idealized version so he would be lacking in identity management as it deals with the process in an organization that have features like identifying, authenticate for accessing the application, user rights, restriction, etc
Therefore it is a case of identity management
Mason has received a special order for 910 units of its product at a special price of $240. The product currently sells 19.100 units for $311 and has the following manufacturing costs: Per unit #00 Direct materials Direct labor 60 Variable sanufacturing overhead 65 40 Fixed manufacturing overhead Unit cost 6245 Assume that Mason has sufficient capacity to fill the order without harming normal production and sales and all fixed overhead is unavoidable. a. If Mason accepts the order, what effect will the order have on the company's short-term profit? For requirements b & c, assume that Mason has sufficient capacity to fill 511 units of the order without harming normal sales. b. If Meson accepts the order and fills it completely, what effect will the order have on the company's short-term profit? For requirements b & c, assume that Mason has sufficient capacity to fill 511 units of the order without harming normal sales. b. If Mason accepts the order and fills it completely, what effect will the order have on the company's short-term profit? c. if Mason accepts the special order, what average price should Mason charge to make a $21,100 incremental profit? (Round your answer to 2 decimal places) Average Price
Answers
a. If Mason accepts the special order for 910 units at a price of $240, the effect on the company's short-term profit can be calculated as follows:
Total revenue from the special order = 910 units * $240 = $218,400
Total variable costs = 910 units * ($60 + $65) = $119,150
Total contribution margin = Total revenue - Total variable costs = $218,400 - $119,150 = $99,250
Therefore, accepting the special order would increase the company's short-term profit by $99,250.
b. If Mason accepts and fills the entire special order of 910 units, the effect on the company's short-term profit remains the same as calculated in part a: an increase of $99,250.
c. To determine the average price Mason should charge in order to achieve an incremental profit of $21,100, the contribution margin per unit needs to be calculated:
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $311 - ($60 + $65) = $186
Number of units required to achieve $21,100 incremental profit = $21,100 / $186 = 113.44 units
To cover the incremental profit, Mason would need to sell approximately 114 units. Therefore, the average price Mason should charge is:
Average Price = Total revenue required / Number of units
Average Price = ($21,100 + ($60 + $65) * 114) / 114 ≈ $366.89 (rounded to 2 decimal places)
So, Mason should charge an average price of approximately $366.89 to make a $21,100 incremental profit.
Learn more about Contribution margin per unit here:
https://brainly.com/question/31484547
#SPJ11
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
Become familiar with
Insurance
Visit
https://brainly.com/question/989103