at a pure monopolist's profit-maximizing output (qm), its _______ exceeds marginal cost, resulting in allocative inefficiency.

Answers

Answer 1

At a pure monopolist's profit-maximizing output (qm), its price exceeds marginal cost, resulting in allocative inefficiency.

An economic term known as "allocative efficiency" refers to effectiveness at the social or societal level. It refers to generating an output in an amount where the marginal benefit to society of an additional unit just balances out the marginal cost. In a perfect competitive environment, each firm was required to create the amount of production where P = MC in order to maximize profits. The marginal cost (MC) measures how much it costs society to generate more units of production, whereas the price (P), which reflects demand, measures how much consumers value the good.

Allocative efficiency is ensured by abiding by this rule. If P > MC, then more units should be produced since the marginal benefit to society (measured by P) exceeds the marginal cost to society of generating extra units. However, in a monopoly situation, pricing is always higher than marginal cost at the output level that maximizes profits.

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Related Questions

I
The constant growth formula is a good tool to use to value companies in the
industry.
O technology
2000
о
pharmaceutical
utility
I DON'T KNOW YET

Answers

The constant growth formula is typically applied more commonly in the utility industry.

The constant growth formula, also known as the Gordon Growth Model, is commonly used to value companies in industries with stable and predictable dividend growth rates. It assumes that the company's dividends or earnings will grow at a constant rate indefinitely. However, it may not be the most suitable tool for valuing companies in every industry.

The constant growth formula can be a useful tool for valuing companies in certain industries like utilities, but it may not be the most appropriate choice for valuing companies in the technology or pharmaceutical sectors.

Utility companies often exhibit stable and predictable cash flows, making them suitable candidates for valuation using the constant growth model.

Therefore, the correct option is utility.

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b. What amount did Lowe's pay in cash to its suppliers during fiscal year ended February 2019?

Answers

Using the T-accounts, the amount Lowe paid in cash to its suppliers during the fiscal year ended February 2019 was B. $29,101 million.

How the amount of payment is determined:

From the T-accounts for Merchandise Inventory and Accounts Payable, we can determine the amount paid.

After posting the purchases for the period into the two accounts, the difference between the debit and credit sides of the Accounts Payable gives the amount paid to suppliers.

Merchandise Inventories

Account Titles          Debit      Credit

Beginning balance  $5,911

Accounts Payable 29,238

Cost of goods sold               $28,443

Ending balance                      $6,706

Accounts Payable

Account Titles          Debit      Credit

Beginning balance                $2,695

Merchandise                         29,238

Cash payment        $29,101

Ending balance       $2,832

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Question Completion with Answer Options:

During a recent fiscal year, Lowe's purchased merchandise inventory at a cost of $29,238 ($ millions). Assume that all purchases were made on account and that accounts payable is only used for inventory purchases. The following T-accounts reflect information contained in the company's balance sheets in millions.

What amount did Lowe's pay in cash to its suppliers during the fiscal-year?

Merchandise Inventories

Beginning balance $5,911

Ending balance $6,706

Accounts Payable

Beginning balance $2,695

Ending balance $2,832

A. $29,238 million

B. $29,101 million

C. $137 million

D. $2,832 million

Why should businesses take on the task of training the hard-core unemployed?

Answers

As part of their contributions to corporate social responsibility, businesses must provide training to hard-core unemployed groups.

As part of their obligations to the society in which they operate in order to generate profits, every profit-making business organization must fulfill a corporate social responsibility .

Providing the unemployed with basic skills training increases their likelihood of finding employment in a variety of sectors of the economy. It falls under the umbrella of corporate social responsibility because it is a welfare activity.

As a result, the significance of corporate social responsibility has been discussed previously.

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You are considering switching your Internet and cable providers and DIRECTV is advertising an introductory rate of $30 a month for a two-year contract the introductory rate goes away after six months and the rate will raise to $75 a month after that in aaddition to switch now you will be entered into a drawing for a chance to be an extra in the companies next hilarious commercial you pay $50 a month with your current provider and there's no contract should you switch?

Answers

Answer:

DIRECTV:

($30)(6) + ($75)(18) = $1530

Current:

($50)(24) + $1200

Do not switch providers.

Explanation:

You should not switch providers because, in the long run, you will be paying less money with your current provider than with DIRECTV. Emotionally, you may want to purchase DIRECTV's contract because of the drawing; however, there is a low probability that you would actually be chosen, so it is not worth the increase in payments.

A clothing eCommerce comapny has an Average Order Value of $65. It costs the company $35 to produce the clothes in the average order and $15 to ship it to the customer. What is the Average Order's Gross Profit? * $65 $50 $30 $15
Previous question

Answers

The average order's gross profit for the ecommerce company is $15. The Option D is correct.

What is the calculation for the gross profit?

To calculate the average order's gross profit, we will  subtract the total cost of producing and shipping the clothes from the revenue generated by the order.

Revenue generated by the order is $65.

The total cost of producing and shipping the clothes is:

= $35 + $15

= $50.

The gross profit of the average order is:

= $65 - $50

= $15.

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Jose deposits $2,100.00 into a savings account at her credit union. The annual compound interest rate is 1.5%. How much money will Jose have after 20 years?

Answers

Jose deposits $2,100.00 into a savings account at her credit union. The annual compound interest rate is 1.5%. How much money will Jose have after 20 years?

8. A random student taking an analytics midterm has a 10% probability (or 0.10) of passing the exam. You, having actually attended the analytics classes, have a probability of 90% (or 0.90) of passing your analytics midterm. Of all students who pass the analytics midterm, 25% (or 0.25) receive an A. Assuming you pass your midterm, what is the probability you will receive an A?

Answers

The probability of successfully completing the makeup exam decreases to 0.20.

What is the formula for probability?

In most cases, the probability is the ratio of the total number of outcomes in that sample space to the number of favorable outcomes. Probability of an event is expressed as P(E) = (Number of favorable outcomes) (Sample space). Simply put, probability is the likelihood of something occurring. We can discuss the probabilities—how likely certain outcomes are—when we are uncertain about an event's outcome. Statistics is the scientific study of probabilistic events. A number that indicates how likely an event is to occur is known as the probability of the event in science. It is expressed as a number between 0 and 1 or as a percentage using percentage notation between 0% and 100%. The higher the probability, the more likely the event is to occur. It is impossible for an event to occur; the probability of an event occurring is 1.

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Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?

Answers

Answer:

The more people that retire, the more it increased.

Explanation:

Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.

Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because

more people in the 65+ community are retiring and so, they are getting their taxes filed.

Good luck!

Plant assets are acquired to ________. A hold on to an investment B convert into current assets C resell a profit D generate profit

Answers

Answer:

I believe that it would be A hold on to an investment as plant assets are known as factories and such

Plant assets are acquired to hold on to an investment. Option A is correct.

What is the plant asset?

Plant assets are long-term fixed assets used to manufacture or sell products and services for a business. These assets are tangible and are expected to be financially helpful to a company for more than a year.

Plant assets are purchased in order to protect an investment. A plant asset is an asset having a useful life of more than one year that is utilized to generate income in the operations of a firm.

Plant assets are sometimes referred to as fixed assets. Plant assets are documented at cost, with depreciation expenditure recorded throughout their useful lifetimes.

Therefore, option A is correct.

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You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per month, and you have contractual salary obligations of $1,000,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper.

please look at the attached image, I would love some help because I'm confused!

You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires

Answers

If sales fall by 20 % from 1,000,000 papers per month to 800,000 papers per month, the AFC per paper will rise from $1.5 per paper to $1.875 per paper.

Since the marginal printing cost is $0.35 per paper and the marginal delivary cost is $0.10 per paper.It will not be affected with a decrease in the sales of paper per month

If the sales decrease from 1,000,000 to 800,000 then for break-even point, the minimum price charged will increase from $1.95 per paper to $2.325 per paper

How to calculate the value?

Total fixed cost = 500,000+ 1,000,000

=$ 1,500,000 per month

If the sales of paper falls from 1,000,000 per month to 800,000 paper per month.

AFC= total cost / quantity of paper

if salesis 1000,000

AFC=1,500,000/1,000,000

=$1.5 per paper

If sales is 800,000

AFC=1,500,000/800,000

=$1.875 per paper

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Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.

Answers

A monopolist is an individual, gathering, or organization that controls each of the business sectors for a specific decent or administration. The profit in market 1 is $1,600,  The profit in market 2 is $450 and  Demand is more elastic in market 2

(A) Profit = Total revenue - total cost = P*Q - MC*Q = (P-MC)*Q

Profit in market 1

P1 = $60, Q1 = 40, and MC = $20

So, Profit in market 1 = (60-20)*40 = 40*40 = $1,600

(B) Profit in market 2

P2 = $35, Q2 = 30, and MC = $20

So, Profit in market 2 = (35-20)*30 = 15*30 = $450

(C) Demand is more elastic in market 2 as a monopolist charges a lower price in the more elastic market so as P2 < P1 then market 2 is more elastic.

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This question is not complete, Here I am attaching the complete question: also, attaching the diagram

Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.

(A) What is the profit of market 1?

(B)  What is the profit of market 2?

(C) In which market is demand more elastic?

Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1

The average job is now only —— years in length

Answers

The average job is now only 2 years in Job.

What is meant by the term average job?

This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.

This means that the average worker can have as m aby other jobs that they want in their lifetime.

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Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.

Answers

Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.

When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.

Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.

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If the Mount Lemmon fire district attempts to implement age diversity initiatives, but these initiatives are defeated because the district is concerned that younger firefighters will be treated worse as a result, which of the following barriers mentioned in Section 4.6 is this an example of?

Answers

Answer:

Explanation:

fears of reverse discrimination

would you suggest Unilever implement supply base optimisation? Justify your stance by discussing at least 2 key points.

Answers

Answer:

Certainly, it is advised that Unilever pursue supply base optimization.

Explanation:

Supplier base optimization is a method that aims to simplify the supplier base by identifying and eliminating providers that are not delivering value. Unilever may obtain better economies of scale and negotiate better pricing for the products and services it purchases by lowering the number of suppliers. This might result in cost savings for the organization, which could be passed on to consumers or reinvested in other parts of the business.

Improved Agility and Risk Mitigation: Unilever can lower its susceptibility to supply chain disruptions by streamlining its supplier base.With fewer suppliers to oversee, the organization is better able to monitor and manage supplier performance, identify possible hazards, and adopt risk mitigation methods. This can assist to assure supply continuity, shorten lead times, and increase overall supply chain agility.

In conclusion, applying supply base optimization may assist Unilever in improving efficiency, lowering costs, increasing agility, and mitigating supply chain risks.

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how can you value our farmers in your own simple way​

Answers

Answer:

By helping them

Explanation:

We need to cooperate

Amazon's start of rapid delivery services in some U.S. cities is an example of which type of strategy?

Answers

Answer:

??????????????????????????

Forward integration I think :)

Explain the advantages of Mobile Health (mHealth)technology.

Answers

The advantage of Mobile Health technology is the spot hospital is gathered and approved by the same.

What is technology?

Technology is the art of generating anything that is more advanced and current in terms of its usage, efficiency, and timekeeping. It can be characterized as the use of understanding data and technical procedures to this end.

Mobile Health technology gives computerized replenishment or prescription notifications, as well as instructional materials, that increase the likelihood that patients will complete their drugs as prescribed. This will lead them to people getting care instantly.

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Production is an example of a marketing activity.

Question 1 options:

True


False

Answers

The answer is true, production is one of the most important marketing activities

What is macroeconomics?

Answers

Answer:

Macroeconomics is the study of large scale economic issues such as those which affect the entire economy. This is in contrast to Microeconomics which looks at smaller scale economic principles. Macroeconomics is a highly practical discipline as it deals with principles that directly impact every part of life.

Sunnyside Detailing's cost formula for its materials and supplies is $1,950 per month plus $14 per vehicle. For the month of August, the company planned for activity of 90 vehicles, but the actual level of activity was 55 vehicles. The actual materials and supplies for the month was $2,490. The materials and supplies in the flexible budget for August would be closest to: Multiple Choice $2,490 $3,210 $2,720 $1,855

Answers

Answer:

Flexible budget cost materials and supplies= $2,720

Explanation:

In the flexible budget, we need to multiply the standard quantities by the actual activity.

Standard cost formula:

materials and supplies= 1,950 + 14*x

x= number of vehicles

For 55 vehicles:

Flexible budget cost= 1,950 + 14*55

Flexible budget cost= $2,720

Can someone please help me with PART B)
its very confusing to me.
Thank you.

Can someone please help me with PART B) its very confusing to me. Thank you.

Answers

Part B) The adjusting journal entries to the accounts of Banners Inc. are as follows:

Debit Bank Charges $50

Credit Cash $50

To record the bank charges.

Debit Cash $4,000

Credit Notes Receivable $4,000

To record the receipt of the notes.

Debit Cash $396

Credit Accounts Payable $396

To reverse an overstated check entered as $915 instead of $519.

Debit Accounts Receivable $200

Credit Cash $200

To record an NSF check from a customer.

Analysis of Transactions Affecting the Banners Records:

Bank Charges $50 Cash $50

Cash $4,000 Notes Receivable $4,000

Cash $396 Accounts Payable $396

Accounts Receivable $200 Cash $200

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a hospital arranges with an hmo to provide hospital care to the hmo's members at a specific rate per member, per month. during june, the hmo paid the hospital $850000, in accordance with the agreement. the hospital's cost accounting records showed that, if it had billed the hmo in accordance with its established billing rates, it would have billed the hmo $975000. prepare the appropriate journal entry (or entries) to record this transaction.

Answers

A financial record you can use to keep track of unrecorded transactions is an adjusting journal entry. Accrued costs, accrued income, provisions, and deferred income are a few examples of common adjusting journal entries. The Following are required journal and adjustment entries for HMO revenue.

Record the payment received from the HMO:

Cash 850,000

HMO Revenue 850,000

Cash 125,000

Allowance for Contractual Adjustments 125,000

Adjusting entries are modifications to previously written diary entries. They specifically check that the values you have recorded correspond to the appropriate accounting periods. Journal entries keep track of the flow of money into and out of your firm as well as between various accounts.

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1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities

Answers

A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.

Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.

Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.

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The term "Starving Artist" was coined from
people trying to sell their work through which
of the following venues?
A. charity
B. silent auction
C. public display

Answers

Answer:



Explanation:

If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run:
a.reduce the level of output its produces
b.increase the level of output it produces
c.neither increase nor decrease the level of output it produces
d.shut down

Answers

If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run shut down.

For a perfectly competitive firm, the marginal revenue tends to equal price and as well as the average revenue. So, this implies that the firm's marginal cost curve in its short-run supply curve for values is thus greater than the average variable cost. So, if the price drops below average variable cost, the firm shuts down.

So, a firm's total profit is maximized by the producing the level of output at which marginal revenue for the last unit produced will thus equal its marginal cost, or MR = MC.

Hence, option D is correct.

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Which type of graphic organizer would best organize your notes on how to start a small business?
A). a timeline
B). a Venn diagram
C). problem-solution chart
D). a cluster diagram

Answers

My best guess is a timeline!

Answer:

a Venn diagram

Explanation:

True or False: When firm A firstly issued 1 million shares through IPO, firm A raised $10/share so it totally raised $10 million equity fund. Now the market price for firm A's stock is $50/share, so today firm A raises a total of $50 millions from shareholders. Explain.

Answers

A total of $50 million from shareholders could not be raised.

The following information should be relevant:

There is no cash inflow of the company when the IPO proceeds are done.If there is an increase in the share price so this shows the increase in the wealth for the shareholders or the capital increment.No cash flow should be made like $50 million represent the market capitalization of the company. It presents the value of the company, the same should be used for the acquisition purpose.

Therefore we can conclude that a total of $50 million from shareholders could not be raised.

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Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%

What do you recommend?

Answers

Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.

To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).

The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.

Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.

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Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?​

Answers

The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.

Who are the role-players and stakeholders involved in the project?

The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.

It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.

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Please turn off the AC, when you leave the warehouse, and make certain you dont forget to set the alarm unleash the dogs, chain the gate and activate the automatic floodlights. Please turn off the AC when you leave the warehouse, and make certain you dont forget to set the alarm, unleash the dogs, chain the gate, and activate the automatic floodlights. Please turn off the AC when you leave the warehouse, and make certain you dont forget to set the alarm unleash the dogs chain the gate and activate the automatic floodlights. The invoice should be sent to Ventura Communications 58 Jackrabbit Avenue Suite 10 Phoenix AZ 85745 no later than March 3 2023. Choose the best revision of the sentence above. The invoice should be sent to Ventura Communications 58 Jackrabbit Avenue Suite 10, Phoenix, AZ 85745 no later than March, 3 2023. The invoice should be sent to Ventura Communications 58 Jackrabbit Avenue Suite 10 Phoenix AZ 85745, no later than March 3, 2023. The invoice should be sent to Ventura Communications, 58 Jackrabbit Avenue, Suite 10, Phoenix, AZ 85745, no later than March 3, 2023. Which of the following sentences use commas correctly? Check all that apply. Please submit your proposal before October 18, 2023. All participants must sign in register their vehicles and report to their assigned locations before 7:30. Not one employee was willing to sit at the desk, that had belonged to the man who turned out to be a serial killer. When she returned to work after maternity leave, she learned that her office had been relocated to the second floor. Maurice listened to the teams proposal and then he promptly turned it down. What branch has 2/3 majority override?. a particular lane has a flow rate of 1800 vph. approximately how many gaps will there be in one hour that are longer than 6 seconds? how many gaps would you expect that are longer than 8 seconds? Shares of Apple are currently trading at $86 with volatility of returns of 20% per annum. The annual continuously compounded risk-free rate of interest is 1.5%.Answered - What, according to the Black Scholes option pricing model, will be the exercise price of a 6-month European-style put option on Apple with an exercise price of $95 ?Answered - Every moth, the share price is expected either to increase, by a multiplicative factor of u=1.1, or decrease. What will the price of the put option be if it is American-style?Question - Explain and analyse your findings in the first 2 parts. Please refer to other 2 questions that have been posted What is a theme? The life lesson the author teaches through the story The decision the character makes to succeed in life The person who works against the protagonist The problems that occur throughout a piece of fiction A bicycle costs $175.Salvadore has $55 andplans to save $22 eachmonth. Describe thenumbers of months heneeds to save tobuy the bicycle.