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Nataly_w [17]
2 years ago
8

In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the margina

l cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price _____, and the price in the perfectly competitive market would _____.
Business
1 answer:
Mice21 [21]2 years ago
7 0

Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would <u>increase to $75.</u>

Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.

In a market of perfect competition the companies are accepting price and will produce until the price is equal to the marginal cost so the price would rise to $ 75.

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Joel was recently hired as a police officer in his city's police department. As part of employee training, his supervisor trains
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Answer:

On-the job training.

Explanation:

This is explained to be normal emphasized training that working staffs are seen to undergo; especially newly employed staffs, which is a direct training while doing the actual job they are been hired or paid for. A a good and reasonable trainee in this aspect is seen to be appreciative when given this chance to develop knowledge and skills without ever leaving work. In this employee training format, employees are seen to receive your workplace needs, norms, and culture and familiarize with them. Internal job training and employee development bring a special plus. This is why in the scenario above, Joel's supervisor trains him off-site on the use of firearms.

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1 year ago
Which expense might you pay when you rent? A. property taxes B. utilities C. maintenance D. PMI
IrinaK [193]
Utilities. Since you don't own the property, you are not responsible for paying property taxes. Your landlord should be responsible for any maintenance. PMI is insurance paid on a mortgage - which you wouldn't have as a renter.
8 0
2 years ago
While conducting business with a customer from Italy, Zoe was careful to speak slowly and clearly, using short sentences and fam
lana66690 [7]

Answer:

graciously accept the blame for not making her meaning clear.

Explanation:

In business communication when the message being passed is not clearly understood for one reason or the the other (in this case because of language barrier). The polite action to take is first to graciously accept blame for not passing the message across clearly, then find a solution to the communication gap.

Talking louder to the other party will be the wrong step to take as it will appear rude, so offer an apology which will give a positive environment.

The other options of ending the conversation and asking an Italian business man to explain what you mean in simple terms will be taken as a slight.

6 0
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On December 31, 2018, the end of its first year of operations, Cullumber Associates owned the following securities that are held
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Answer:

the answer is

Explanation:

$2317218262262

3 0
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David bought a pickup truck to transport his equipment on weekend fishing trips. He also bought a trailer for his lawn maintenan
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B2C and B2B, respectively.

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The pickup that David bought to transport equipment on weekend fishing trips should be considered a business to consumer (B2C) transaction David will use it for recreational activities.

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