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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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Gingerbread Inc. reported the following selected financial information for 2019: Net Sales $850,000 Gross Profit 450,000 Net Inc
tiny-mole [99]

Answer:

Accounts payable would be 20.42% of the balance sheet , when preparing a vertical analysis.

Explanation:

In the question it is told that Ginger bread is doing a vertical analysis, where when we have to calculate the percentage of certain item of the balance sheet , we will use formula -

 ( Balance sheet item / Total liability ) x 100

Given information - Accounts payable = $245,000

                                Total liabilities = $1200,000

Putting these values in formula -

= $245,000 / $1200,000   X 100

= .20416 X 100

= 20.416

= 20.42% ( APPROXIMATELY )

8 0
2 years ago
The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $15,200. The fair value of the assets is
Allisa [31]

Answer:

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

Explanation:

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Total Fair Assets=Fair Value of Assets-Fair Value if Liabilities

Total Fair Assets= $89,900-$15,200

Total Fair Assets= $74,700

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Longhorn Goodwill=$82,620-$74,700

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

6 0
2 years ago
Carmaker kia has used its 10-year/100,000 mile warranty program to improve consumer perceptions of the reliability of its vehicl
Katyanochek1 [597]
Carmaker Kia has used its 10-year/100.000 mile warranty program to improve consumer perceptions of the reliability of its vehicles, they are clearly using positioning marketing strategy, they are trying to position their vehicles giving a benefit others wouldn´t give, such as a long warranty, and at the same time offer a competitive price so clients would need to think and balance, price, benefits and quality. 
6 0
2 years ago
Read 2 more answers
An example of technological change is A. a firm rearranging the layout of a retail store to increase salesthe layout of a retail
nirvana33 [79]

Answer:

The correct answer is option D.

Explanation:

Technological change refers to an improvement in the efficiency of a product such that the output level increases without an increase in input.  

Here, the rearranging of layout and training of workers is technological change as they are likely to increase production without an increase in inputs.  

Damages caused by a hurricane will reduce the output level, so it will not be classified as a technological change.

3 0
2 years ago
Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per
podryga [215]

Answer:

Option C 16.36% is correct.

Explanation:

We can find the growth using the following growth formula:

g = (Earning per share today / Earning per share n years ago)^(1/5)  - 1

EPS of this year is $3.2 per share and 5 ago was $1.5 per share.

So by putting values we have:

g = (3.2 / 1.5) ^(1/5)  - 1  = 16.36%

The right option is C.

7 0
2 years ago
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