A monopolist has the following total cost function: TC = 100q - (1/2)q? The demand function facing the monopolist is: P = 200 - 39 a. Government regulations require this form to produce a positive amount and to set price equal to average cost. To comply with these requirements, what quantity should the monopoly produce and what price should it charge? b. If the above monopolist is free to maximize its profits, which price will it charge?
Answers
A. Monopoly quanity: 2.6 units. Monopoly price: $89.40.
B. Profit maximising price: $121.24
a. To comply with the government regulations, the monopolist should produce the quantity at which price equals average cost.
First, let's find the monopolist's marginal cost (MC) function by taking the derivative of the total cost (TC) function:
MC = dTC/dq = 100 - q
Then, the average cost (AC) function can be found by dividing total cost by quantity:
AC = TC/q = 100 - (1/2)q
To set price equal to average cost, we need to solve for q in the demand function:
P = 200 - 39q = AC
Substituting AC for P:
200 - 39q = 100 - (1/2)q
Simplifying:
38.5q = 100
q = 2.6
Therefore, the monopolist should produce 2.6 units of output to comply with the regulations. To find the price, we can substitute q into the demand function:
P = 200 - 39(2.6) = 89.4
Therefore, the monopolist should charge a price of $89.40 to comply with the regulations.
b. To maximize profits, the monopolist should produce the quantity at which marginal revenue (MR) equals marginal cost (MC).
To find MR, we can use the demand function:
P = 200 - 39q
Total revenue (TR) is price times quantity:
TR = Pq = (200 - 39q)q = 200q - 39q^2
Marginal revenue is the derivative of total revenue with respect to quantity:
MR = dTR/dq = 200 - 78q
Setting MR equal to MC:
200 - 78q = 100 - q
Solving for q:
q = 1.96
Therefore, the monopolist should produce 1.96 units of output to maximize profits. To find the price, we can substitute q into the demand function:
P = 200 - 39(1.96) = 121.24
Therefore, the monopolist will charge a price of $121.24 to maximize profits.
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Related Questions
What has prevented you from saving money in the past? based on what you’ve learned, what can you do to change this?.
Answers
Whether or not you pick to pay off the very best interest-fee money owed first or pay down the smallest balances first, it is essential that you decide to pay it all off.
The faster you unfastened yourself of debt, the more money you'll lose to meet your financial savings desires.
Every other impediment to saving money can be a lack of economic literacy. It's imperative to enhance your economic knowledge due to the fact that frequently parking all your cash in a financial savings account will now not be enough.
Reasons why you ought to save money
monetary independence.dwelling debt-loose.unforeseen fees.buying a home.shopping for a car or different big-price ticket purchases.medical emergencies.making plans for your retirement.constructing a college fund for your children.Learn more about interest here: https://brainly.com/question/24924853
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What should you NEVER do even if the email looks legitimate?
O Go directly to the website referenced by a link in the email
message.
O Delete the email message without reading it completely.
O Click a link in the email and then enter personal information
O Click a link in the email message and read information.
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If the website is actually fake it can steal your information and use it for whatever they want
Tyrrell's small lumber company aims to fulfill the economic foundation of business. What first step must his company take to achieve this goal?
-be a good corporate citizen
-save the environment
-obey the law
-earn profits
-do what is right
Answers
The first step must his company take to achieve this goal is: earn profit.
What is profit?Profit is what a person gain from the sell of products after deducting their expenses and other production cost.
In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.
Therefore the company needs to earn profit.
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which of the following activities does a cio perform? group of answer choices oversees all uses of information technology ensures the strategic alignment of it with business goals ensures the strategic alignment of it with business objectives all of the above
Answers
A cio performs all the activities mentioned below like overseeing all uses of information technology, ensuring the strategic alignment of IT w/ business goals, and ensuring the strategic alignment of IT w/ business objectives.
The most senior executive in an organization who works with information technology and computer systems to achieve enterprise goals is typically given the title of chief information officer, chief digital information officer, or information technology director.
IT workforce: CIOs are in charge of determining the agency's IT workforce requirements and creating strategies and plans to address them. IT budgeting - All yearly and multi-year IT planning, programming, and budgeting processes fall within the purview of CIOs.
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a young couple wishing to save money for their child's first year in college purchases an insurance policy that will yield $10,000 fifteen years from now. the cost of the policy is $500 per year for 15 years, beginning one year from now. the rate of return on their investment is nearest to: a) 3% b) 4% c) 5 % d) 6%
Answers
The rate of return on the investment can be calculated using the formula for compound interest. In this case, the couple is paying $500 per year for 15 years, for a total investment of $7,500 ($500 x 15). They will receive $10,000 at the end of 15 years.The rate of return is nearest to 2% or option A).
To find the rate of return, we need to solve for the annual interest rate. We can rearrange the formula for compound interest to solve for the interest rate:
Future Value = Present Value * (1 + Interest Rate)^Number of Years
$10,000 = $7,500 * (1 + Interest Rate)^15
Dividing both sides by $7,500:
1.3333 = (1 + Interest Rate)^15
Taking the 15th root of both sides:
(1 + Interest Rate) = 1.0169
Subtracting 1 from both sides:
Interest Rate = 0.0169
Converting to a percentage:
Interest Rate = 1.69%
The nearest answer choice is 2%, which is not one of the provided options. However, if we round to the nearest percent, the rate of return is nearest to 2% or option A).
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
Answers
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of _____.
an efficient monetary policy
a national economy
a competitive marketplace
sound financial management
Answers
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of a competitive marketplace. Thus, option C is correct.
What is the market?Markets are places where individuals, businesses, and industries transact, whether it be for the purpose of purchasing, producing, or providing services. they use it n order earning profits.
As there are various suppliers in the market, there is a face lot of people have various options from which the person could buy.
Customer competition is fueled by a competitive market. This implies that consumers struggle among others to purchase a commodity, particularly when inventory is low. Therefore, option C is the correct option.
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All real estate advertising (use of business stationary, newsletters, billboards, etc.) must be done only with the ____________ knowledge and consent.
Answers
When making use of real estate advertising, it is important to get both the broker's knowledge and consent to create awareness.
What is Advertising?
This refers to the creation of awareness for a product or service to get people to buy and create sales and profit as a result.
Hence, in the case of real estate advertising, it is vital that the broker is aware and gives his consent before the awareness creation is done about a piece of property.
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According to the notice to parties section of the residential contract of sale, who is responsible for compensating vendors used during the sales transaction
Answers
A trained solicitor or licensed conveyancer is required to draft a contract of sale.
What does the term "compensate" mean, for instance?to help someone feel much better about what has failed, been lost, or missed by giving them something better or more valuable in its place: The lost years of his boyhood will never be made up for. The lack of expertise is more than made up for by his passion.
If someone is compensating, what does it mean?variations of the words compensates, compensating, and compensated. the transitive verb. When you pay someone money or give someone something to replace what they have lost or lost money for, you are compensating them. The purpose of the damages is to make up for the direct losses suffered by the victims.
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May i have the answer for this im not quite sure
Answers
Answer:
styd7tiho8ts7rt8di8yoy8s8t7rs8s88tdtzt
What kind of surplus might be created by the minimum wage?
Answers
A "labor surplus" is the type of surplus that the minimum wage may produce. A labor surplus occurs when the supply of labor exceeds the demand for labor at a given wage rate. In the context of the minimum wage, this can happen because the minimum wage rate is set above the equilibrium wage rate in the labor market.
To explain further:
1. When a minimum wage is imposed, it sets a floor for the lowest wage that can be paid to workers.
2. If the minimum wage is higher than the equilibrium wage rate (the wage rate at which the supply and demand for labor are equal), some employers may be unwilling to hire as many workers as they would have at the equilibrium wage rate.
3. As a result, there will be a surplus of workers who are willing to work at the minimum wage, but cannot find employment.
4. This labor surplus is a direct consequence of the minimum wage, as it creates an imbalance between the supply and demand for labor.
In summary, a labor surplus might be created by the minimum wage when it is set above the equilibrium wage rate in the labor market, leading to an excess of workers who are willing to work but cannot find employment at the mandated wage rate.
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Which situation best reflects the concept of free enterprise?
Answers
Explanation:
Which situation best reflects the concept of free enterprise? Free enterprise is the competition between businesses. So consumers have a choice between bakeries in a single city block.the chartered global management accountant (cgma) designation can be earned by accountants. what areas of advanced knowledge are tested on the cgma exam?
Answers
Finance, Operations ,Strategy and Management are the areas of advanced knowledge are tested on the CGMA exam.
What kind of accountant is CGMA?Certified in Global Management Accounting (CGMA) Professionals that excel in finance, operations, strategy, and management are given the CGMA title. To retain the maximum relevance with companies and build the most in-demand competencies, it is supported by thorough global research.
CGMA vs. CMA: Which is superior?The CMA exam includes a considerably greater variety of management accounting topics than the CGMA exam. In other words, if your ultimate aim is to gain management accounting knowledge and skills to increase your impact at work, the CMA accreditation is the way to go.
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ds
Ithis list is in
order.
Zahn
Smith
Mason
Fitzpatrick
Billings
alphabetical
O incorrect
O ascending
O descending
Answers
I think
what independent sales branch is being replaced by a manufacturer sales branch
Answers
Employees tend to stay with one company for their entire careers.
Please select the best answer from the choices provided
OTrue
OFalse
Answers
Answer:The answer would be true, unless the employee had to leave for personal reasons
Explanation:
What are the approaches for learning Economics effectively?
Answers
When consumers have more _____ to adjust, demand becomes relativity more elastic.
Answers
When consumers have more time to adjust, demand becomes relatively more elastic.
Elasticity is a measure of how sensitive the quantity demanded of a good is to a change in its price or other factors, such as income or availability of substitutes. When demand is more elastic, it means that consumers are more responsive to changes in the product's price or other conditions.
Having more time to adjust allows consumers to explore alternatives, make better-informed decisions, and change their consumption habits if needed. This can happen, for example, when there is a price increase. Consumers with more time to react might decide to switch to a different product, find a substitute, or reduce their consumption. This makes the quantity demanded of the good more sensitive to price changes, resulting in higher price elasticity of demand.
On the other hand, when consumers have less time to adjust, they may continue consuming the same product at a higher price, even if they would have preferred to switch to an alternative in the long run. This makes demand less elastic, as the quantity demanded does not change much in response to price variations.
In summary, the more time consumers have to adapt to changes in the market, the more elastic the demand becomes, as they can respond better to price fluctuations and other factors affecting their purchasing decisions.
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If the price of gloves increases, total expenditures on gloves will decline if
A) the demand for gloves is inelastic.
B) the demand for gloves is elastic.
C) the quantity of gloves purchased is unresponsive to changes in price.
D) there are few good substitutes for gloves.
Answers
If the price of gloves increases, total expenditures on gloves will decline if the demand for gloves is elastic. Elastic demand means that a small change in price will lead to a significant change in the quantity demanded. The correct option is B).
In other words, when the price of gloves increases, consumers will react by reducing the quantity of gloves they buy, resulting in a decline in total expenditures on gloves.
On the other hand, if the demand for gloves is inelastic, a price increase will result in a smaller reduction in the quantity demanded, and total expenditures on gloves may actually increase.
For example, if gloves are necessary for medical procedures, a price increase may not significantly affect the quantity demanded as there are no good substitutes for gloves.
In this case, consumers may continue to purchase gloves at the higher price, resulting in higher total expenditures on gloves.
However, if there are few good substitutes for gloves and the quantity of gloves purchased is unresponsive to changes in price, the total expenditures on gloves may not necessarily decline.
In this case, a price increase may not result in a significant change in the quantity demanded, and consumers may continue to purchase gloves at the higher price, resulting in higher total expenditures on gloves.
In summary, the elasticity of demand for gloves is a critical factor that determines whether a price increase will lead to a decline in total expenditures on gloves. Therefore, the correct option is B).
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michelle works in retail and cant decide what products to include i the stores front window display what is the first step she should take to solve this problem
Answers
The available options are:
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
State the problem.
Explanation:
In a situation like this, it is expected that the first step to take to solve the problem is that Michelle should understand the reason, she wants to put the product on the window display. This includes knowing what she will benefit by placing the product on the window display and which product she wants to display. This process which is the first step in the problem-solving technique is known as STATE THE PROBLEM.
Hence, the right answer is State the Problem.
Why may a design contractor’s perspective on a HAZOP not be the
same as the needs of the perspective from someone within the
organization?
Answers
Design contractors prioritize project completion and technical requirements, while internal stakeholders consider long-term operations, safety, and organizational needs.
A design contractor's perspective on a HAZOP (Hazard and Operability Study) may differ from the needs of someone within the organization for several reasons.
Firstly, the design contractor's primary focus is often on completing the project efficiently and within the given scope. They may prioritize meeting technical requirements, adhering to industry standards, and ensuring compliance with regulations. Their perspective may be more centered on delivering the design according to the agreed specifications.
On the other hand, someone within the organization, such as an internal stakeholder or a safety officer, has a broader perspective that includes considerations beyond just the design phase. They are concerned with the long-term operation, maintenance, and safety of the system. Their perspective may encompass aspects such as risk management, operational efficiency, and the organization's overall objectives.
Additionally, internal stakeholders may have a better understanding of the organization's specific needs, goals, and operational context. They have in-depth knowledge of the existing infrastructure, processes, and systems, which can significantly influence their perspective on HAZOP requirements. They may prioritize specific safety measures, operational considerations, or risk mitigation strategies that align with the organization's unique circumstances.
Furthermore, internal stakeholders are often responsible for managing the aftermath of the project, including system maintenance, upgrades, and future modifications. Their perspective may reflect the need for flexibility, scalability, and ease of integration with existing systems, which may not be apparent to the design contractor during the initial design phase.
Overall, the design contractor's perspective on HAZOP may differ from that of someone within the organization due to differences in their roles, priorities, understanding of organizational context, and long-term considerations beyond the design phase.
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online trading communities that bring together buyers and supplier organizations go by what three names?multiple select question.
Answers
Online trading communities bring together buyers and supplier organizations to make possible the real-time exchange of information, money, products, and services. They are called - B2B exchanges or e-hubs or e-marketplaces
An online marketplace or E-Marketplaces is an e-commerce site that interfaces vendors with purchasers. It's generally expected known as an electronic commercial centre and all exchanges are overseen by the site proprietor. Organizations utilize online commercial centres to arrive at clients who need to buy their items and administrations. Instances of online commercial centres incorporate Amazon, eBay, and Craigslist. The greatest benefits of an internet-based commercial centre and the reasons numerous organizations sell through web-based commercial centres is that:
It is an extra wellspring of income.It reduces showcasing expenses.It permits organizations to internationalize their business.It makes straightforwardness in accessibility, stock levels, and costs.It is an extraordinary way for clients to look at costs.It permits your organization to work all day, every day.It produces trust between your image and clients.Clients are bound to buy from an internet-based commercial centre with a large number of choices.Organizations need to pay a charge/level of deals to the web-based commercial centre stage.Selling by means of your own internet business webpage versus through a commercial centre.Know more about E-Marketplaces - https://brainly.com/question/1980971
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Correct Question -
online trading communities that bring together buyers and supplier organizations go by what three names?
The following statements are consistent with the purpose of financial reporting EXCEPT:
Select one:
A.
To prepare information relating to the planning, obligation and changes related to resources.
B.
To prepare information about the value of cash flow prospect.
C.
To prepare information for investment decisions.
D.
To prepare information relating to the value of business liquidation.
Advance payment received from customers and sales on account are reported on the Statement of Financial Position as a:
Select one:
A.
Non-Current Liability and Non-Current Asset.
B.
Current Liability and Current Asset.
C.
Current Liability and Non-Current Asset.
D.
Non-Current Liability and Current Asset.
Answers
Option D is not consistent with the purpose of financial reporting.
Advance payment received from customers and sales on account are reported on the Statement of Financial Position as a: Option B: Current Liability and Current Asset.
Financial reporting is an important aspect of business accounting that includes financial statements, reports, and other accounting documents used by companies to report their financial performance and results. The purpose of financial reporting is to provide useful information to investors, creditors, and other stakeholders for decision-making.
Financial reporting is essential for businesses to gain access to capital, attract investors, and make informed decisions about their financial strategies. The purpose of financial reporting is to prepare information relating to the planning, obligation, and changes related to resources, cash flow prospect, and for investment decisions. It does not prepare information for the value of business liquidation.
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when proving cash , cash balance is compared to _____.?
Answers
When proving cash, the cash balance is compared to the chequebook balance. Thus, option 'D' is the correct option.
What is cash balance?The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen financial shortfalls. Without this financial safety net, companies could find themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors.
Cash balance = beginning cash balance + cash inflows – cash outflows.On the balance sheet, cash is categorized as a current asset, which causes it to rise on the debit side and decrease on the credit side. Due to the order of liquidity, cash will often be at the top of the current asset part of the balance sheet. Currency, bank accounts, and undeposited cheques are all considered cash on a balance sheet.
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Which term describes the degree to which an instrument repeats the same measurement over time?
Answers
goods taken by the proprietor for domestic purpose of Rs.15000
Journal entries
plz help me
Answers
Explanation:
Given:
Amount of goods taken by proprietor = Rs. 15,000
Find:
Journal entry
Computation:
Books of (.... ltd)
Journal entry
Particular Debit Credit
Drawing A/c Dr 15,000
To Purchase A/c Cr 15,000
(Being goods taken by proprietor for personal use)
a salesperson carefully removes a watch from a display case to show it to a customer. the watch is then gently placed in the customer’s hands.
Answers
The salesperson removes a watch from the display case and hands it to the customer with care and gentleness.
The salesperson demonstrates professionalism and attentiveness by carefully removing the watch from the display case. This action signifies respect for the product and the customer's interest. By gently placing the watch in the customer's hands, the salesperson aims to create a positive experience and build trust. This gesture also allows the customer to feel a sense of ownership and connection to the watch, enhancing their emotional attachment and likelihood of making a purchase. Overall, this attentive approach enhances the customer's perception of the product and the salesperson, increasing the chances of a successful sale.
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During the demonstration of an iPad, a customer told the salesperson, "It looks too complicated—I don't believe I could learn how to use it."
Definition for crime and violence
Answers
Answer:
Crime can therefore be defined as a violation of the law and an act of deviance from established rules, or a non-commission of an action that is required by law. Violence, on the other hand, is an act of physical aggression that in most cases results in harm.
Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
Answers
Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
A firm's demand curve in period 1 is Q=25 - P. Fixed costs are 20 and marginal costs per unit are 5.
Answers
Answer:
a.
Total revenue = 25Q - Q^2
Margin revenue = 25 - 2Q
b.
12.50
c.
12.50
Explanation:
a.
SUe the following equation for total revenue
Total revenue = PQ
Where
P = 25 - Q
Placing value sin the equation
Total revenue = (25-Q)Q = 25Q - Q^2
Margin revenue = Differentiation of total revenue = Demand curve - Quantity = ( 25 - Q) - Q = 25 - Q - Q = 25 - 2Q
b.
When marginal revenue will be zero, the equation will be
Marginal Revenue = 0
25 - 2Q = 0
2Q = 25 - 0
2Q = 25
Q = 25/2
Q = 12.5
c.
When marginal revenue will be zero the revenue will be maximized
Hence,
Price = P = 25 - Q = 25 - 12.5 = 12.5 (as per marginal revenue Q = 12.5)