answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lera25 [3.4K]
2 years ago
10

A monopolistic seller of rare oriental rugs discovers that 60% of the population is willing to pay $1,000 for a rug. The remaini

ng 40% of the population is willing to pay $2000. Each rug costs $600 to produce. How much should the monopolist charge for each rug?a. $600
b. $1000

c. $1500

d. $2000
Business
1 answer:
____ [38]2 years ago
4 0

Answer:

Option "D" is the correct answer to the following statement.

Explanation:

In this situation seller is a monopolist, he would charge the highest amount for his Goods or service, 40% of the total population will pay $2,000 for particular goods and services.

He is a monopolistic seller, so people will have to buy and Consume particular goods from him.

Profit For each beg should be highest if he sells his item at $2,000 each

Total Profit = Sales price - Cost

= $2,000 - $600

= $1,400  

You might be interested in
Lana needs to create forms for tables in her database to ensure consistency with data entry. What is the easiest way to achieve
Rashid [163]

Answer:

Form wizard

Explanation:

In microsoft access, form wizard is a menu that user can choose to create forms with specific adjustment rather than pre-determined design in the normal form option.

Using form wizard, User can select the fields that he/she wants to include and letting you determine how the data is sorted and grouped.

3 0
2 years ago
Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per
Lemur [1.5K]

Answer:

The correct option: $14 because both the fee from the customer and the producer are earned

Explanation:

Based on the information given we were told that Tickets Now charges each of their customer a fee amount of $4 per ticket in which they receives the amount of $10 per ticket from the producer which means that the amount of revenue Tickets should Now recognize for each Riverdance ticket they sold will be $14 ($10 per ticket +$4 per ticket) because both the fee from the customer and the producer are earned.

7 0
1 year ago
Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to
Mrrafil [7]

Answer:

True

Explanation:

Microsoft matrix along with his rivals. There are two ways to use the technology. Microsoft and its rival can move simultaneously. The equilibrium strategy can be determined y pay off matrix. The both companies use pure strategy. The criteria for pure strategy is max-min and min-max. The max-min strategy means select least case from all the best cases and min-max is selecting the best case from all the least cases.

4 0
2 years ago
If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with florida motor vehicle equi
Schach [20]

<em>If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with Florida motor vehicle equipment standards, the officer </em><em>will forbid you to drive to the highway </em>

<h2>Further Explanation </h2>

Motorized vehicles are vehicles that are driven by technical equipment for movement, and are used for land transportation. Generally, motor vehicles use internal combustion engines, but electric motors and other types of engines (eg hybrid electric vehicles and plug-in hybrids) can also be used. Motorized vehicles have wheels, and usually walk on the road. The types of motorized vehicles can vary, ranging from cars, buses, motorbikes, off-road vehicles, light trucks, to heavy trucks. The classification of motor vehicles varies depending on the country.

<h3>Standardization of motor vehicles in the federal state: </h3>
  • Control and display
  • Transmission shift lever sequence, interlock starter, and transmission braking effect
  • Brake hose
  • Lights, reflective devices, and related equipment
  • Rearview and side mirror
  • Theft Protection
  • Motor vehicle brake fluid
  • Motorcycle brake system
  • Motorcycle control and appearance
  • Accelerator control system
  • Alert device
  • Light vehicle brake system
  • Tire pressure monitoring system
  • Motorcycle helmet
  • Fuel system integrity
  • Flammability of interior materials
  • Platform lift system for motorized vehicles
  • Installation of platform lifts in motorized vehicles
  • Low-speed vehicle

Learn More

Standardization of Driving brainly.com/question/4190637

Motor Vehicle Rules brainly.com/question/4190637

Details

Grade: High School

Subject: Business

Keyword: standardization, vehicle, motor

6 0
2 years ago
Read 2 more answers
Concerning the allocation of the publication budget among various journals, Select one: a. the cost-per-thousand calculation sho
natulia [17]

Answer:

adgggrg

Explanation:

4 0
2 years ago
Other questions:
  • A company predicted that it would manufacture 10,000 units of finished goods during March. The direct labor standards indicated
    12·1 answer
  • Oil Wells offers 5.65 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in
    6·2 answers
  • A firm is currently producing 100 units of output per day. The manager reports to the owner that producing the 100th unit costs
    14·1 answer
  • Your manager asked you to finish a display by the end of your shift. Later, you start to worry you won't have time to finish it
    10·2 answers
  • Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it
    11·1 answer
  • A manufacturer develops bud­gets for the direct materials, direct labor, and overhead that will be required in the produc­tion p
    6·1 answer
  • On January 1, Damon, for consideration, orally promised to pay Gary $300 a month for as long as Gary lived, with the payments to
    11·1 answer
  • Joseph lost $5,000 after engaging in a work-from-home scam. What action should he take to seek retribution?
    6·1 answer
  • Based on its growth prospects, a private investor values a local bakery at $750,000. She believes that cost savings having a pre
    9·1 answer
  • Conducting a postaudit ______. Multiple select question. provides an opportunity to reinforce and possibly expand successful pro
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!