the marginal cost of abc technology's product is $11.30. what is true if this monopoly is profitable?
Answers
If the marginal cost of ABC Technology's product is $11.30, and the company operates as a monopoly, it can be profitable. A monopoly has the power to control the supply of a product, giving it the ability to charge higher prices without fear of losing customers to competitors.
If the company's monopoly power is strong enough, it may be able to charge a price that is higher than the average cost of production. This would result in a profitable operation for the company. The difference between the price charged and the marginal cost of production would be the profit that the company would earn on each unit sold.
However, it is important to note that a monopoly's ability to charge higher prices can be limited by the demand for the product. If the price becomes too high, customers may look for alternatives or choose to not purchase the product at all.
In summary, if ABC Technology operates as a monopoly and has a product with strong demand, it can charge a price above the marginal cost of production and still be profitable. However, the company's ability to charge high prices may be limited by competition or government regulation.
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Related Questions
In the market for bottled water, fresh springs has a 30 percent share of the market, swiss springs has a 27 percent share, l'eau de france has a 13 percent share, and mountain water has a 10 percent share. the rest of the market consists of 20 firms with a 1 percent share of the market each. what is the value of the herfindahl-hirschman index
Answers
The value of the Herfindahl-Hirschman Index, calculated for the market for bottled water, is 2,298.
What is the Herfindahl–Hirschman Index?The Herfindahl–Hirschman Index, HHI, is a commonly accepted measure of market concentration and competitiveness.
The HHI is calculated by squaring the market share of each competing firm and then summing the resulting numbers.
Data and Calculations:Product Market Share Squared Market Share
Fresh springs 30% 900(30% x 30%)
Swiss springs 27% 729 (27% x 27%)
L'eau de France 13% 169 (13% x 13%)
Mountain water 10% 100 (10% x 10%)
Rest of market 20% 400 (20% x 20%)
Sum of squared market share = 2,298
Thus, the value of the Herfindahl-Hirschman Index is 2,298, reflecting a low market concentration.
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Experience indicates that strategic alliances Group of answer choices work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. are generally successful. are usually a company's best approach to building a distinctive competence. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
Answers
Answer: Stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals
Explanation:
Strategic alliance occurs when two or more companies join hands together in order to achieve strategic outcome that's mutually beneficial to the parties involved.
It should be noted that companies to into Strategic alliance in order to improve market access, improve supply chain efficiency and to also gain economies of scale.
Lastly, it should be noted that strategic alliances stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
What is one effective strategy for managing credit card debt?
O A. Spending your full credit limit before making a payment
OB. Ensuring that all of your credit card bills are paid on time
Oc. Replacing low-interest credit cards with high-interest options
OD. Paying only the minimum monthly payment on all credit cards
Answers
Answer:
D. Paying only the minimum monthly payment on all credit cardsExplanation:
I Hope That's correct :) ✓
Answer:
B. Ensuring that all of your credit card bills are paid on time
Explanation:
A credit card charge interests on outstanding balances and late payments, among other items. Interests in outstanding balances form a big proportion of credit card charges. Therefore, if one can avoid interest on these balances, their credit card charges will reduce greatly.
Paying the entire balance on the credit card statement ensures one does not incur any interest. Ensuring that all of your credit card bills are paid on time is the most appropriate way of managing credit card debts.
question 7 your daughter will start college one year from today, at which time the first tuition payment of $ 58 , 000 $58,000 must be made. assuming that tuition does not increase over time and that your daughter remains in school for four years, how much money do you need today in your savings account, earning 5 % 5% per annum, in order to make the tuition payments over the next four years?
Answers
Let’s say the amount of money that needs to be saved today is x dollars. As the tuition fee does not increase, it remains the same i.e. $58,000 per year.
Therefore, over the four-year period, the total fee amount is $58,000 x 4 = $232,000.Therefore, the money has to be saved in such a way that it covers the tuition fee for four years at a 5% interest rate per annum.
Hence, the interest earned over four years will also be a part of the savings.
This can be calculated by using the compound interest formula which is given by;A \(= P(1 + r/n)^(n*t)\) Where,A = final amount; P = Principal (initial amount) invested; r = annual interest rate; t = time in years; n= number of times interest is compounded annually have, Principal (P) = x dollarsAnnual interest rate (r) = 5% or 0.05. A number of years (t) = 4 years number of times compounded annually (n) = 1 (compounded annually)As we know that the final amount (A) is the sum of the initial amount (Principal) and the interest earned over the years, so, A \(= P(1 + r/n)^(n*t)x\) dollars in the savings account earning 5% per annum will be, A \(= x (1 + 0.05/1)^(1*4)A = x (1.05)^4\) Now, the total amount needed over the next four years = $232,000So, we can equate the amount needed with the final amount (A), then,$\(232,000 = x (1.05)^4\).Therefore, the amount that needs to be saved today is;\(x = $232,000 / (1.05)^4x\)= $188,086.12.
Therefore, the amount that needs to be saved today is $188,086.12.
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the major qualitative methods that can be used in assessment of issues, community needs, and assets are (choose all that apply):
Answers
The major qualitative methods that can be used in assessment of issues, community needs, and assets are: focus groups, surveys, interviews, and observation. The Correct option is a, b, c, and d.
Focus groups are a type of qualitative research method which involves bringing together a group of people to discuss and share their views on a particular topic. Surveys are used to collect data from a large sample of people.
Interviews are another qualitative research method used to gain an in-depth understanding of a particular topic. Lastly, observation is a qualitative research method which involves watching and taking notes on people’s behavior.
Focus groups allow researchers to discuss topics with a large number of participants and gain a variety of perspectives on a certain topic. Surveys are used to obtain data from a large sample size in order to analyze trends in society.
Interviews can be used to gain a more in-depth understanding of a certain topic, as the researcher can ask questions and gain insight from the answers provided by the participants.
Finally, observation is a great way to gain insight into how people behave, as it allows the researcher to watch the behaviour of a group of people in a particular setting.
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Complete Question
the major qualitative methods that can be used in assessment of issues, community needs, and assets are (choose all that apply): a) focus groups
b) surveys c) interviews d) observation
one of the elements of ergonomics is: group of answer choices the cost justification of technology. allocating work time based on economic studies. the establishment of time standards. assembly line balancing. designing tools and machines that facilitate human work.
Answers
One of the elements of ergonomics is designing tools and machines that facilitate human work.
Option E is correct.
What is ergonomics?The profession that applies theory, principles, data, and methods to design in order to optimize human well-being and overall system performance is known as ergonomics (or human factors). Ergonomics is the scientific field that is concerned with the comprehension of interactions between humans and other components of a system.
What is ergonomics' primary purpose?The scientific study of people at work, also known as ergonomics, aims to prevent soft tissue injuries and musculoskeletal disorders (MSDs) caused by awkward posture, sudden or prolonged exposure to force, vibration, repetitive motion, or vibration.
Which five aspects of ergonomics are there?Ergonomics has five components: safety, ease of use, comfort, productivity, and aesthetics Ergonomics is a science worried about the 'fit' among individuals and their work.
Question is incomplete. Missing options are below:
one of the elements of ergonomics is: group of answer choices
A. the cost justification of technology.
B. allocating work time based on economic studies.
C. the establishment of time standards.
D. assembly line balancing.
E. designing tools and machines that facilitate human work.
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Explain Canada’s Economic System, please I really need help, this is do in an hour
Answers
Answer:
he economy of Canada is a highly developed mixed-market economy. It is the 8th-largest GDP by nominal and 15th-largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians.
Explanation: Maybe reword it slightly but there ya go :)
A 60-year old customer desires an investment that will provide for retirement income when she reaches age 65. The customer is able to invest $1,000 per month over that time period. What recommendations is most suitable?
Answers
Answer:
B. The purchase of a variable annuity contract
Explanation:
The variable annuity contract is the contract in which there is no limit in terms of dollars for contributions and the income i.e. earned on the investment should be considered as a tax deferred
Since the invested amount is $1,000 per month so for yearly it is $12,000.
Also the IRA account permits $5,500 contribution for the year 2018 so this not meet the requirement of $12,000
Also the large returns bonds are speculative and thus not considered for the income used in the retirement
Hence, the option is correct
Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the________
phase of the financial life cycle.
Fill in the blank
Answers
Answer:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
Explanation:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
natalia spouse , hector, died in 2020 and natalia remained unmarried. natalia maintains a household for herself and her three dependent children what is natalia most favorable filing status for 2021
Answers
Natalia most favorable filing status for 2021 would be as a Qualifying widow.
A qualifying widow is an individual who is considered unmarried for tax purposes and meets certain criteria. To qualify, the individual must have been eligible to file a joint return with their deceased spouse in the year of their death and have a dependent child. Filling status is important.
Additionally, the individual remained unmarried before the end of the tax year and must have paid more than half of the cost of maintaining a home that was the principal residence of the deceased spouse and the dependent child for the entire year. Widowhood is very difficult, it is important to acknowledge the hardships of all widows.
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Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answers
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
goldmeyer company has used the fifo method of inventory valuation since it began operations in 2021. goldmeyer decided to change to the average cost method for determining inventory costs at the beginning of 2024. the following schedule shows year-end inventory balances under the fifo and average cost methods: year fifo average cost 2021 $ 45,500 $ 55,000 2022 79,500 71,500 2023 85,000 79,500 required: ignoring income taxes, prepare the 2024 journal entry to adjust the accounts to reflect the average cost method. how much higher or lower would cost of goods sold be in the 2023 revised income statement?
Answers
Entry in the journal: debit inventory by $4,000 and credit retained profits by $4,000. By the average cost technique, the cost of goods sold would be $5,250 less in the 2023 amended income statement.
What is the retained earnings journal entry?The date of the declaration of dividends by the board of directors of a corporation results in a journal entry that debits Retained Earnings and credits the current obligation Dividends Due. Retained Profits are decreased as a result of the issuance of cash dividends.
What is the journal entry for a credit sale of inventory?Journal entry illustration: debit inventory $4,000; credit retained earnings $4,000. By the average cost technique, the cost of goods sold would be $5,250 less in the 2023 amended income statement.
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Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows from the bank. The interest rate is 5% in the market. Find the opportunity cost that Inayah has to bear in order to start a business?
Answers
Answer: 5% of RS 100,000
Explanation:
Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.
Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business
Which of these sources has a potential for bias, but is likely to have a lot of data about many products? unpaid personal testimony review service advertisement salesperson
Answers
The source which has a potential for bias, but is likely to have a lot of data about many products is option C. advertisement salesperson
Who is an advertisement salesperson?Advertisement salesperson is otherwise known as advertising sales representatives. Advertisement salesperson markets advertising platform to businesses and individuals. Advertisement salesperson contacts potential buyers or clients, make market presentations, and maintain client contacts or details.
Therefore, the correct answer is as given above. The basis or base through which a potential for bias can be found is no other place other than from the advertisement salesperson due to the fact that the salesperson would be wanting to market a product.
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If Treasury bills are currently paying 5.2 percent and the inflation rate is 2.7 percent, what is the approximate real rate of interest?
Answers
Answer:
2.43 %
Explanation :
Real Interest rate = (1 + nominal rate) / (1 + inflation rate) - 1
therefore,
Real Interest rate = 1.052 / 1.027 - 1
= 2.43 %
the approximate real rate of interest is 2.43 %
common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply. pace determined by speed of equipment importance of repeating same tasks indoors, environmentally controlled deal with physically aggressive people telephone and electronic mail importance of being exact or accurate
Answers
Answer:
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Actors? Check all that apply.
deal with physically aggressive people
exposed to hazardous equipment
contact with others
work with group or team
Explanation:
Answer:
A, B, E, F
Explanation:
A company just starting in business purchased three merchandise
inventory items at the following prices. First purchase $66; Second
purchase $65; Third purchase $74. If the company sold two units for
Answers
To determine the cost of goods sold and the value of the ending inventory under the First-In, First-Out (FIFO) method, we need to allocate the costs of the inventory items based on the order of their purchase.
Since the company sold two units, we will allocate the costs of the first two purchases to the cost of goods sold (COGS) and the cost of the last purchase to the ending inventory.
First purchase: $66
Second purchase: $65
Third purchase: $74
Cost of goods sold:
2 units were sold, so we will allocate the costs of the first two purchases to the COGS.
Cost of goods sold = (First purchase cost + Second purchase cost) = \(($66 + $65) = $131\)
Ending inventory:
The remaining unit will be included in the ending inventory at its purchase cost. Ending inventory = (Third purchase cost) = $74
Therefore, under the FIFO method, the cost of goods sold is $131, and the value of the ending inventory is $74.
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Omega Company would have applied $31,500 of fixed manufacturing overhead if capacity usage had equaled the master budget. Given that 2,000 standard hours were allowed for the actual output, that actual fixed manufacturing overhead equaled the budgeted amount, and that overhead was applied at a rate of $15 per hour, what is the entry to close the fixed manufacturing overhead accounts
Answers
Answer and Explanation:
The journal entry to close the manufacturing overhead account is shown below:
Given that
There is applied overhead of $31,500
And, the budgeted overhead is
= 2,000 × $15
= $30,000
As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead
Cost of goods sold Dr $1,500 ($31,500 - $30,000)
To factory overhead $1,500
(Being the closing of overhead is recorded)
what subjects in secondary school should i do in order to become a real estate agent?
Subjects ex: Maths, English, science, bio, etc,
Answers
Subjects to be done in secondary school to become a real estate agent include:
Business and economics Math Social studies Technology and computer skillsWhich subjects can help in real estate ?Classes in business and economics can provide a foundation in financial and economic principles, which can be useful for understanding real estate market trends and analyzing property values.
Courses in mathematics, such as algebra and geometry, can be helpful for understanding and analyzing property measurements, statistics and data.
Understanding history, geography, and culture of a location can be helpful in understanding the market and giving clients the best advice and can be learnt from secondary school.
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what economic theory assumes that when more money is in the hands of the wealthy, more jobs will be created and wages will increase for people in the lower classes?
Answers
The economic theory that assumes more money in the hands of the wealthy leads to job creation and increased wages for lower classes is called "trickle-down economics."
What are trickle-down economicsThis theory posits that tax cuts and other financial benefits for the wealthy will eventually "trickle down" to the rest of society, stimulating economic growth and benefiting everyone.
The idea is that when the rich have more disposable income, they will invest in businesses, create jobs, and increase wages for workers, ultimately improving the overall economy.
Critics argue that this theory does not always result in equitable growth and may exacerbate income inequality
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What is the sampling procedure in Dianne wants to know if the new learning?
Answers
the method of sampling used in Dianne is curious about stratified sampling.
Dianne's sample strategy was stratified sampling. This technique involves breaking up vast volumes of data into smaller groups, then selecting samples from those groups to study.
Dianne has selected a sample without considering probability. When they are observed, the samples are picked at random. Dianne wants to look into the connection between new learning methods and student academic achievement.
In a stratified random sampling technique, all of the population is divided into uniform groups called strata (plural for stratum). A random sample from each stratum is collected in proportion to the size of the stratum and compared to the population. Then, these stratum subsets are combined to create a random sample.
Because it enables them to obtain a sample population that most accurately represents the total population being studied and ensures that each subgroup of interest is represented, researchers frequently utilise stratified random sampling.
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What is a trend in business
Answers
How many manufacturing companies are in the north Georgia area
Answers
Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.
Why is Netflix's stocks going down?
Answers
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
When you should send an email?
Answers
You should send an email when the subject is objective and informative. Option (d) is correct.
What is an Email?E-mail is a computer-based program that allows users to communicate with one another through the exchange of messages.
A way to communicate between people utilizing the internet and electronic gadgets is through email. Because emails are a fantastic method to discuss and highlight vital information without including a personal opinion, which is especially crucial in a business context, you should send an email when the subject is objective and instructive.
The other choices are not acceptable since you shouldn't send emails when the subject is particularly confidential or delicate because someone other than the recipient may see them. Additionally, email is not the greatest choice when discussing sensitive topics because of the way it is written and how easily the sender's intentions might be misunderstood.
Therefore, Option (d) is correct.
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Your question is incomplete, the complete question is :
When you should send an email?
A. When the subject matter is extremely private
B. When the subject matter is sensitive in nature
C. When the subject matter is emotional
D. When the subject matter is objective and informative
The way that Nederlander's Audience Rewards program works is that patrons and new customers get free membership and are entered into the ticketing system. When they buy tickets, they collect points and are able to redeem them for free or discounted tickets and other rewards. Which of the following consumer sales promotion methods is the program based on?
A. Consumer games
B. Frequent-user incentives
C. Coupons
D. Cents-off offers
Answers
Answer:
B. Frequent-user incentives
Explanation:
Consumer sales promotion refers to the techniques that are adopted by the marketing team of the company to fascinate and excite the customers to buy the products. Customer incentive programs are one of the methods of sales promotion. In this method, the customers are provided with additional benefits via redeeming the points they collect when they purchase the products. This method also helps in maintaining customers by offering such incentives to them.
In the given excerpt, Nederlander's audience rewards program is an example of a frequent-user incentive method of consumer sales promotion.
Which of the following is a feature of seed financing? O a. The managerial involvement is very high. The company has to start up all operations Ob Money is used to finance research: The company needs money to finance the development C. Money is used to pay off debtors.
Answers
The correct option is: a. The managerial involvement is very high. The company has to start up all operations .
Seed capital is the cash raised to begin developing a thought for a business or another item.
This funding for the most part takes care of just the expenses of creating a proposition.
In the wake of securing seed financing, startups might approach financial speculators to obtain extra financing.
Some seed capital might come from angel investors — proficient investors who have a high total assets.
A company that is initially starting out may have restricted admittance to funding and different sources. Banks and different investors might be reluctant to invest in light of the fact that it has no set of experiences or laid out history, or any proportion of accomplishment. Many startup executives frequently go to individuals they know for initial investments — loved ones. This financing is alluded to as seed capital.
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Which statement is true for a short-term goal?
A.
It is usually complex.
B.
It usually requires one to exert a lot of effort.
C.
It is usually related to the bigger things that you want to achieve.
D.
It usually takes less than a year to achieve.
Answers
Answer:
I would say D because it sounds more reasonable for me
Enter Mia’s total profit/loss for the month may account in the box below
Answers
Add total fixed and total variable expenses to get total expense.
9,000 + 300 = 9,300
Total expense = 9,300
To get total profit/loss, less total expenses from total revenue.
Total revenue = 9,500
9,500 - 9,300 = 200
Total profit/loss = $200
Out of the choices provided above, it can be concluded to state that the total accounting profits for Mel for the month of May as per the financial statements given above will amount to a total of $200. Therefore, the option D holds true.
What is the significance of accounting profits?The accounting profits can be referred to or considered as the profits that lead to a total of surpluses of cash balances and reserves for a particular accounting period. If the amount is not in excess of the expenses, it expresses a condition of an accounting loss for the firm.
In the situation given above, Mel's revenues were $9500, but her expenses were $9000 fixed and $300 variable. So, the accounting profits will be $200, i.e., $9500-($9000+$300)
Therefore, the option D holds true and states regarding the significance of accounting profits.
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The missing options are added below for better reference.
A. -$200
b. $300
c. $500
d. $200
A U.S. purchase of oil from overseas paid for with foreign currency it already owned Group of answer choices increases U.S. net exports, and increases U.S. net capital outflow. increases U.S. net exports, and decreases U.S. net capital outflow. decreases U.S. net exports, and increases U.S. net capital outflow. decreases U.S. net exports, and decreases U.S. net capital outflow.
Answers
Answer:
Correct answer:
decreases U.S. net exports, and increases U.S. net capital outflow.
Explanation:
In the situation US purchases oil from overseas (another country), it decreases its country's net export due to the fact that, nothing is shipped out of U.S. But rather, it is being imported. Also, this leads to increase of U.S net capital outflow due to money leaving the country to the other country from which the oil is being bought from.