If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
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<span>This is an example of positive reinforcement. Positive reinforcement rewards a person or thing for performing a desired action or behavior. By rewarding the person or thing every time it does the desired action you increases the chances of the action or behavior being done again. It a type of subconscious training.</span>
Answer:
A and B.
Explanation:
Understand cost classification used for assigning costs to cost objects can be divided in direct costs and indirect costs.
Direct costs are those who can be easily and conveniently traced to a unit of product or other cost object. Examples are direct material and labor.
Indirect costs are those who cannot be easily and conveniently traced to a unit of product or other cost object. Example manufacturing overhead.
The common costs are the indirect costs incurred in support a number of cost objects. These costs cannot be traced to any individual cost object.
Determining cost tracing and allocation is more art than science, as it's difficult to trace costs with 100 percent accuracy.
Tracing costs becomes even more difficult when a cost goes toward producing multiple goods or services.
Answer:
$30.1
Explanation:
Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.
Adjusted taxable income is the income after adjusting for depreciation and interest.
For a sole proprietorship, the income of the business is the same as owners' income.
For Renee, adjusted taxable income will be,
Total revenue= $85M
Net expenses equal to total revenue minus depreciation minus interest paid
=$78.1, - $10.1 - $12.7
=$54.9
Adjusted taxable income= Total revenue - net expenses
= $85 - $54.9
=$30.1
