what type of organization is made up of many owners whose rights are represented by shares of stock?
Answers
A company that is made up of many owners whose rights are represented by shares of stock is called a corporation. A corporation is a legal entity that is separate and distinct from its owners, who are known as shareholders. Shareholders have limited liability for the actions of the corporation, meaning they cannot be held personally responsible for any debts or other liabilities that the corporation incurs.
The ownership and management of a corporation are divided into two distinct parts. The shareholders own the corporation and elect a board of directors to oversee the day-to-day operations. The board of directors appoints an executive team to manage the company's operations. Shareholders receive dividends from the company's profits, and can also sell their shares if they choose to. Additionally, corporations can raise capital by issuing new shares to the public. Corporations are subject to taxes, regulations, and other requirements imposed by government entities.
In summary, a corporation is a type of organization made up of many owners whose rights are represented by shares of stock. The shareholders own the corporation and elect a board of directors to oversee the day-to-day operations, while the executive team is appointed by the board to manage the company's operations. Shareholders receive dividends from the company's profits, and can also sell their shares if they choose to. Corporations can also raise capital by issuing new shares to the public.
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Related Questions
-1 Name the Act that makes provision for employees to improve their work performance.
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what three key things do you need to be able to fully understand from media research?
Answers
The three key things needed to understand media research are:
An understanding of the basic principles of media research. This includes understanding key concepts related to media research, such as content analysis and primary and secondary data. It is also important to be aware of the different approaches to media research, such as qualitative analysis, quantitative analysis, discourse analysis, and field research.A thorough knowledge of the media. This includes an understanding of different media formats, such as print, television, radio, and social media, as well as the various types of content that are distributed through these media.An understanding of the importance of media research. This means understanding how the media influences the formation of public opinion, as well as understanding the impact of media research in the real world. It is also important to understand how media research can affect political decision-making and policy formulation.Lear More About Media Investigation
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How much should be deposited today in a CD paying 6.5%
compounded monthly in order to have $17,000 in the account in 10
years?
Answers
To calculate the amount that should be deposited today to have $17,000 in the account in 10 years with a 6.5% interest rate compounded monthly, you can use the formula for the future value of a present sum:
FV = PV * (1 + r/n)^(n*t)
Where:
FV = Future Value (desired amount, $17,000 in this case)
PV = Present Value (amount to be deposited today, unknown)
r = Annual interest rate (6.5% or 0.065 as a decimal)
n = Number of compounding periods per year (monthly compounding, n = 12)
t = Number of years (10 years)
Plugging in the values:
$17,000 = PV * (1 + 0.065/12)^(12*10)
Now, solve for PV:
PV = $17,000 / (1 + 0.065/12)^(12*10)
Calculating this expression will give you the amount that should be deposited today.
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a) Kofi is short of funds and need money to meet an impending huge withdrawal from a customer. It has 91-day bill which is not yet matured. It approaches bank B and ask for a transfer of C250 m for which it uses the Bill value it C250 m as collateral. Within 5 - days bank A repurchased the bill at 250.5 m calculate the repo rate for this agreement.
Answers
In this scenario, Kofi approaches Bank B to obtain funds by using a 91-day bill worth C250 million as collateral.
After 5 days, Bank A repurchases the bill at C250.5 million. The repo rate for this agreement needs to be calculated. The repo rate is the implied interest rate in a repurchase agreement. To calculate the repo rate, we can use the formula: Repo Rate = (Repurchase Price - Original Price) / Original Price In this case, the original price of the 91-day bill is C250 million, and the repurchase price is C250.5 million. Using the formula Repo Rate = (250.5 million - 250 million) / 250 million Simplifying the calculation Repo Rate = 0.5 million / 250 million\ The repo rate for this agreement is 0.002 or 0.2% (expressed as a decimal). The repo rate for this agreement can be calculated using the formula: Repo Rate = (Repurchase Price - Original Price) / Original Price. In this case, the original price of the bill was C250 million, and it was repurchased by bank A for C250.5 million within 5 days. By plugging these values into the formula, we can determine the repo rate. The repo rate represents the implied interest rate in the repurchase agreement.
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Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers. This activity refers to
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Marketing analytics involves Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers.
What is marketing analytics?It is the study of data gathered through campaigns, awareness and purchase of goods in order to discern or know the performance of the various marketing activity.
Amazon is acting as marketing analytics.Therefore, marketing analytics involves Amazon collecting massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers.
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the journal entry for the direct write-off method indubey companies incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended november 30, 2018. accounts payable$ 920 accounts receivable1,040 accumulated amortization580 accumulated depreciation1,210 allowance for doubtful accounts30 cash and cash equivalents1,110 common stock550 deferred revenue2,140 equipment8,330 income taxes payable 30 notes payable (long-term)3,470 notes receivable (long-term)330 prepaid rent350 retained earnings7,970 service revenue570 short-term investments4,750 software 990 required: prepare a classified balance sheet. the allowance for doubtful accounts relates entirely to accounts receivable. (one of the accounts does not belong on the balance sheet.) (enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Answers
The direct write-off method waits until an account is determined to be uncollectable earlier than it “write's off” the account.
To “write off” an account underneath this technique we use the following journal entry: DR: Bad Debt Expense (for the amount uncollectible). CR: Accounts Receivable (for the quantity uncollectible).
What is a write-off journal entry?The direct write-off technique is a easy process, where you would report a journal entry to debit your horrific debt account for the terrible debt and savings your bills receivable account for the same amount.
When the direct write-off approach is used the entry to write-off a client account would?The entry to write off the awful account under the direct write-off technique is: Debit Bad Debts Expense (to record the quantity of the loss on the company's earnings statement) Credit Accounts Receivable (to cast off the quantity that will now not be collected)
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https://brainly.com/question/25779348#SPJ4The Federal Reserve System was established in 1913 A. because of distrust of moneyed interests and centralized power. B. to keep the stock markets from crashing. C. because the public became convinced a central bank was needed to avoid bank panics. D. to ensure banking services for the Treasury.
Answers
The correct option is C. The Federal Reserve System was established in 1913 because the public became convinced a central bank was needed to avoid bank panics.
During the late 19th and early 20th centuries, the United States experienced a series of financial panics and banking crises. These panics resulted in widespread bank failures, leading to economic instability and the loss of people's savings. To address this issue, the Federal Reserve System was established in 1913.
The primary purpose of the Federal Reserve System is to maintain a stable and secure financial system in the United States. It does this by serving as the central bank, controlling the nation's money supply, and regulating banks. By having a central bank, the public believed that it would be better equipped to manage monetary policy and prevent bank panics in the future.
In conclusion, the Federal Reserve System was established in 1913 because the public recognized the need for a central bank to avoid bank panics and maintain a stable financial system in the United States.
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Which two methods can be used to pass conversion attributes such as model type, color, and year of production through a floodlight activity? (select two)
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The two methods that can be used to pass conversion attributes such as model type, color, and year of production through a floodlight activity are: Custom Floodlight Variables, Dynamic Remarketing.
Custom Floodlight Variables (CFV): Custom Floodlight Variables allow you to pass custom data through a Floodlight tag. This method involves creating custom parameters in the Floodlight tag and then passing data through those parameters from the conversion page. For example, you could create a custom parameter called "model" and pass the model type through that parameter.
Dynamic Remarketing: Dynamic Remarketing allows you to show ads to users based on the specific products or services they viewed on your website. This method involves passing data such as product ID, model type, color, and year of production through a Floodlight tag on the product page. This data is then used to show relevant ads to users who viewed that product.
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Type the correct answer in the box. Spell all words correctly.
What is the term for the account balances of commercial banks held by the central bank?
The account balances of commercial banks held by the central bank are termed _______
Answers
Answer:
Money Supply
Explanation:
Hope it helps, if its right it would be much appreciated if you could give me brainliest!
Answer: Money Supply
Explanation: The total amount of money-cash, coins, and balances in bank accounts-in circulation.
A study of 40 u.s. cardiac care centers showed the following ratios of nurses to beds. 1.48 1.16 1.24 1.52 1.30 1.28 1.68 1.40 1.12 0.98 0.93 2.76 1.34 1.58 1.72 1.38 1.44 1.41 1.34 1.96 1.29 1.21 2.00 1.50 1.68 1.39 1.62 1.17 1.07 2.11 2.40 1.35 1.48 1.59 1.81 1.15 1.35 1.42 1.33 1.41 prepare a frequency distribution. (round your "midpoint" and "width" answers to 2 decimal places.)
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To prepare a frequency distribution, you need to first create classes or bins to group the data. Next, you determine the frequency of each data value within the classes. Here is a possible frequency distribution for the ratios of nurses to beds
The Frequency DistributionClasses:
1.00-1.19 (width = 0.20, midpoint = 1.10)
1.20-1.39 (width = 0.20, midpoint = 1.30)
1.40-1.59 (width = 0.20, midpoint = 1.50)
1.60-1.79 (width = 0.20, midpoint = 1.70)
1.80-1.99 (width = 0.20, midpoint = 1.90)
2.00-2.19 (width = 0.20, midpoint = 2.10)
Frequency:
1.00-1.19: 2 values
1.20-1.39: 8 values
1.40-1.59: 12 values
1.60-1.79: 8 values
1.80-1.99: 2 values
2.00-2.19: 8 values
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has an insurance policy that cannot be cancelled unless he fails to pay his premium when due. which provision in his insurance policy would specify this?
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A non-forfeiture option is a clause in some life insurance policies that says the policyholder will not lose the policy's value if they don't pay their premiums within a certain time frame.
In an insurance policy, what exactly is a non-forfeiture option?An insurance policy's nonforfeiture clause says that an insured person can get full or partial benefits or a partial refund of premiums if they don't pay their bills. Nonforfeiture clauses may be included in policies for long-term care insurance, long-term disability insurance, and permanent life insurance.
Which three kinds of nonforfeiture options are there?Policyowners can use or pay out the cash values in these ways. There are three options for nonforfeiture:
the payment of cashinsurance with lower premiumslong-term insurance. When the policy is surrendered, the policyowner has the option of requesting a cash payment equal to the cash values.Learn more about Nonforfeiture clauses here:
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If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
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The value of price elasticity of demand is -4, which means that the demand for the product is highly elastic.
Price Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)
Using the information provided, we can calculate the percentage change in quantity demanded:
40% decrease in quantity demanded = (New Quantity Demanded - Old Quantity Demanded) / Old Quantity Demanded
-40 = (New Quantity Demanded - Old Quantity Demanded) / Old Quantity Demanded
Solving for New Quantity Demanded:
New Quantity Demanded = Old Quantity Demanded * (1 - 40%)
New Quantity Demanded = Old Quantity Demanded * 0.6
Now, we can calculate the percentage change in price:
10% increase in price = (New Price - Old Price) / Old Price
0.1 = (New Price - Old Price) / Old Price
Solving for New Price:
New Price = Old Price * (1 + 0.1)
New Price = Old Price * 1.1
Price Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)
Price Elasticity of Demand = (-40%) / (10%)
Price Elasticity of Demand = -4
The value of price elasticity of demand is -4, which means that the demand for the product is highly elastic. A small change in price results in a significant change in quantity demanded. In this case, a 10% increase in price leads to a 40% decrease in quantity demanded, indicating that consumers are very sensitive to changes in price.
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What are the differences between mergers and acquisitions?
What are the pros and cons to mergers and acquisitions?
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Mergers and acquisitions (M&A) are two different strategies used by companies to achieve growth and gain competitive advantages.
Mergers refer to the combination of two or more companies to form a single entity, while acquisitions refer to the purchase of one company by another. In a merger, the companies involved typically combine their resources and assets to form a new company. In an acquisition, one company acquires another and may absorb or integrate its operations into its own.
The benefits of M&A include increased market share, economies of scale, and access to new markets or technologies. However, there are also potential drawbacks, including cultural differences, increased debt, and integration challenges. Additionally, M&A can sometimes lead to job losses and disruption for employees.
Thus, M&A can be a powerful tool for companies to achieve growth and strategic goals. However, careful planning and execution are necessary to ensure success and avoid potential pitfalls.
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Select the correct answer.
Which is the first step that managers should take to resolve a conflict within a diverse team?
allow each individual to offer a solution
encourage each individual to propose a mediator
get each individual to state the problem from his or her viewpoint
a
approach senior management for a solution
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Answer:
get each individual to state the problem from his or her viewpoint.
Explanation:
The first step that managers should take to resolve a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.
Answer:
get each individual to state the problem from his or her viewpoint
Explanation:
that is the correct answer and here is why the first step for resolving a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.
if a surplus exists in the pizza market, then the current price must behigher than the equilibrium price. for the market to reach equilibrium, you would expectsellers to offer lower prices .
Answers
A surplus in the pizza market happens when there is a surplus quantity of pizzas supplied by the sellers and a deficit of pizzas demanded by the buyers. This condition typically occurs when the price of pizza is above the equilibrium price, which is the price where the quantity of pizzas supplied by sellers is equal to the quantity of pizzas demanded by buyers.
In order to restore equilibrium, the sellers would be forced to offer lower prices to encourage more buyers to buy their products and to reduce the quantity of pizzas supplied by them to match the quantity of pizzas demanded by the buyers.
This process would continue until the market reached equilibrium, where the quantity of pizzas supplied and the quantity of pizzas demanded would be equal and the price of pizza would be at the equilibrium price.Therefore, it can be concluded that if a surplus exists in the pizza market, then the current price must be higher than the equilibrium price and sellers would have to offer lower prices for the market to reach equilibrium.
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Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as Employed, Unemployed, "Not in the labor force" but still part of the civilian noninstitutional population, or "Not in the civilian noninstitutional population" if not in the civilian noninstitutional population.Paolo is a 21-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club.
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Based on the criteria used by the Bureau of Labor Statistics (BLS), Paolo's status is Employed.
Paolo's status is Employed because when he is not competing, he works as a coach at a local tennis club. A person’s status can be determined based on the Bureau of Labor Statistics (BLS) criteria. The BLS categorizes people as employed, unemployed, "Not in the labor force" but still part of the civilian noninstitutional population, or "Not in the civilian noninstitutional population" if not in the civilian noninstitutional population.
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Bill received an unordered calendar from the local charity so he must pay money to the charity.
True
False
Answers
Answer:
false, they sent the calendar hoping he would make a donation, but he does not have to give any money
Explanation:
they sent the calendar hoping he would make a donation, but he does not have to give any money
a)Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.
b)Paid salary in advance Rs. 15,000.
c)Rent outstanding Rs. 2,000.
d)purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
e)furniture purchased and paid by cheque rs10,000.
:journal entry.
Answers
Answer:
Here are the journal entries for the given transactions:
a) Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.
Debit: Accounts Receivable (Kriti) 10,000
Credit: Sales Revenue 10,000
Debit: Cost of Goods Sold 8,000
Credit: Inventory 8,000
Copy
b) Paid salary in advance Rs. 15,000.
Debit: Prepaid Salary 15,000
Credit: Cash 15,000
Copy
c) Rent outstanding Rs. 2,000.
Debit: Rent Expense 2,000
Credit: Accrued Rent Payable 2,000
Copy
d) Purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
Debit: Furniture 12,000
Credit: Cash 4,000
Credit: Accounts Payable 8,000
Copy
e) Furniture purchased and paid by cheque rs10,000.
Debit: Furniture 10,000
Credit: Cash (or Bank if paid by cheque) 10,000
An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Asmeret works as a hotel manager for a popular family resort and casino in Atlantic City, New Jersey. During the summer, hotel managers aim for an occupancy rate of at least 85% to ensure that overhead costs are covered. The resort is known for its quality services; guests generally return an average of three times during the summer and use their rewards and loyalty cards during their stays. On this particular day, Asmeret is quite stressed because the occupancy rate is only 65%. If the hotel fails to sell at least an additional 20% of the available rooms, she might be in some trouble. Required: Which aspect of a service is best illustrated in the scenario?
A) Services are perishable.
B) Service standards show wide variation.
C) Services are inseparable from service providers.
D) Companies cannot easily standardize the services they provide.
E) Buyers play an important role in the creation and distribution of services.
Answers
Answer: A) Services are perishable
Explanation:
The aspect of a service is best illustrated in the scenario is that services are perishable.
Perishability is a term that is used in marketing and it implies that the capacity of service cannot be stored and sold in the future. Once services have been used, they cannot be saved, returned or stored.
Once services has been rendered to a customer, it has been then consumed and it can't be delivered to another person. Other characteristics of services are inseparability, variability and intangibility.
Marketers will, based on solid research, identify a specific ______________ ______________ (2 words).
Answers
Answer:
product and service
Explanation:
Market research focuses on the strategic analysis of the quantitative and qualitative data and the issues related to the marketing of the product and services. During the changing elements of marketing mix which will impacts the customer's behavior. The research often includes Business to consumer and to businesses. Aiming to understand the comparatives of the product and services in the market.What is a 401 (k) retirement plan? I NEED HELP:(
Answers
Answer:
-an employer sponsored retirement plan that allows a worker to save for retirement while deffering income taxes on the saved money or earnings until withdrawal.
Explanation:
just cause homie
A 401(k) retirement plan is a retirement plan sponsored by the employer where he or she deducts a small percentage of the gross pay of the employee.
What is the significance of the 401(k) retirement plan?A 401(k) retirement plan can be referred to or considered as a plan where the employer contributes a fixed and a small proportion from the gross pay of the employee until the time he or she serves to the company of the employer.
An employee is free from paying any kind of taxation amount over the monies he or she has saved in a 401(k) retirement plan. However, the taxation is not a liability only until the employee makes a withdrawal.
Therefore, the significance regarding a 401(k) retirement plan has been aforementioned.
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An animator needs a laptop for audio/video editing and can pay $2600 for a Dell XPS laptop or lease from the manufacturer for monthly payments of $75 each for four years. The animator can borrow at an interest rate of 14% APR compounded monthly. What is the cost of leasing the laptop over buying it outright
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If the animator chooses to borrow the $2600 needed to buy the laptop outright, they will need to pay $66.28 in interest each month, which amounts to a total cost of $3181.12 over four years.
Buying the laptop outright for $2600 means the animator will pay the full cost upfront. However, if they choose to lease the laptop, they will pay $75 per month for four years, which amounts to a total cost of $3600.
To compare the two options, we need to calculate the cost of borrowing the money needed to buy the laptop outright. At an interest rate of 14% APR compounded monthly, the effective monthly interest rate is 1.17%. Therefore, if the animator chooses to borrow the $2600 needed to buy the laptop outright, they will need to pay $66.28 in interest each month, which amounts to a total cost of $3181.12 over four years.
Comparing the total costs of buying and leasing, we see that buying the laptop outright costs $2600 + $3181.12 = $5781.12, while leasing the laptop costs $3600. Therefore, leasing the laptop is more cost-effective than buying it outright, saving the animator $2181.12 over four years.
However, it is important to note that leasing the laptop may come with restrictions or additional fees, such as early termination fees or restrictions on customization. Additionally, if the animator plans to use the laptop for longer than four years, buying it outright may be a more cost-effective option in the long run.
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What does it mean to have a short position in a stock?.
Answers
The opposite of a "long" posture is a "short" position. A "short" position is often used to describe the sale of a stock you do not own. Investors who short stocks believe the stock's price will decline.
You may purchase the shares and profit if the price dropped. An investor may at any moment have a short position. However, in order to satisfy the primary requirement, the broker must be prepared to lend the stock for shorting.
Investors may keep short positions so long as they can meet the margin requirements. The investor borrows stock shares from the brokerage firm to sell to another investor when engaging in a short sale.
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Which of these would be considered an entrepreneur?
O A. A nurse in a hospital
O B. The owner of a local coffee shop
O C. A school teacher
O D. A public transportation bus driver
Answers
Answer:
I think its B
Explanation:
Because you own your own place
The owner of a local coffee shop would be considered an entrepreneur. Hence, option B is correct.
What is meant by entrepreneur?Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards. Starting a business is a practice of entrepreneurship.
The entrepreneur is generally regarded as an inventor who develops novel ideas for goods, services, companies, and operating procedures. Several well-known businesspeople include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.
Some kinds of entrepreneur are -
Small Businesses Entrepreneurship.
Scalable Start-up Entrepreneurship.
Social Entrepreneurship.
Large Company Entrepreneurship.
Thus, option B is correct.
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his lesson starts on time (change into negative)
Answers
Answer:
His lesson started late
Explanation:
please help. I will mark you as brainliest !!
A characteristic often associated with entrepreneurship is ___
A. passiveness
B. routine
C. security
O D. risk
Answers
Answer:
risk
Explanation:
b because usually entrepreneurs risk everything making they business grow.
The correct option is D. A characteristic often associated with entrepreneurship is Risk.
Entrepreneurship is both a challenge and a great opportunity, and it takes certain qualities to be successful. There's no right or wrong way to be an entrepreneur.
What does entrepreneurship mean?An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurship is a challenge as well as a fantastic opportunity, and success requires a certain set of skills. Being an entrepreneur is something that can be done in any way. With time, experience, and training, traits and behaviors like experimentation, perseverance, and invention can be acquired.
A person who takes on the risk involved in starting, running, and owning a business. persistent. adamant about overcoming obstacles and pursuing their objectives in order to succeed in business.
Thus, Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards.
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Which of the following statements are correct in relation to MM Proposition with no taxes?
I) The required return on assets is equal to the weighted average cost of capital.
II) Financial risk is determined by the debt-equity ratio.
III) Financial risk determines the return on assets.
IV) The cost of equity declines when the amount of leverage used by a firm rises.
a) II and IV only
b) I and II only
c) I and III only
d) III and IV only
e) I and IV only
Answers
The correct answer is e) I and IV only. MM Proposition with no taxes states that the value of a firm is independent of its capital structure, and the cost of equity only depends on the risk of the firm's assets.
Therefore, statement I is correct as the required return on assets is equal to the weighted average cost of capital. Statement IV is also correct as the cost of equity declines when the amount of leverage used by a firm rises due to the lower risk of equity when there is more debt in the capital structure. Statement II is incorrect as financial risk is determined by the variability of a firm's earnings, and statement III is incorrect as financial risk does not determine the return on assets under the MM Proposition.
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Explain how the forms of demand supply will eliminate a market surplus
Answers
Answer and Explanation: 1
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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