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2 years ago

12

Compared to a perfectly competitive market, a natural monopolist will have a.) ______________ (higher / lower / either higher or

lower) average costs and may charge a b.)______________ (higher / lower / either higher or lower) price.

1 answer:

kipiarov [429]2 years ago

7 0

Answer:

A). Lower

B). Lower

C). Higher

I think so not sure of my answer

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Which of the command systems would be the most appropriate when there are six victims at a mvc?

Olin [163]

Singular command. In a motor vehicle accident with multiple victims, the scene will be chaotic and having a single, clear leader will best help resolve the situation.

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3 years ago

The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per

Likurg_2 [28]

Answer:

Direct material quantity variance= $992 unfavorable

Explanation:

Giving the following information:

Standard quantiy= 8kg

Standard cost= $0.8 per kilogram

Production= 870 unit

8,200 kilograms of the raw material was purchased for $6,888.

To calculate the material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 870*8= 6,960kg

Direct material quantity variance= (6,960 - 8,200)*0.8

Direct material quantity variance= $992 unfavorable

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2 years ago

5. A raise in the price of a product causes _____. a decrease in supply an increase in demand an increase in competition a decre

grigory [225]

Answer:

d

Explanation:

a decrease in competition

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2 years ago

Cox Electric makes electronic components and has estimated the following for a new design of one of its products:

vfiekz [6]

Answer:

a) attached below

b) P( profit ) = TR(q) - TC(q)

c) attached below

d) -$5000 ( loss )

Explanation:

Given data:

Fixed Cost = $10,000

Material cost per unit = $0.15

Labor cost per unit = $0.10

Revenue per unit = $0.65

<u>a) Influence diagram to calculate profit </u>

attached below

<u>b) derive a mathematical model for calculating profit.</u>

VC = variable cost per unit , LC = per unit labor cost , MC = per unit marginal cost, TC = Total cost of manufacturing , FC = Fixed cost, q = quantity, TR = Total revenue, R = revenue per unit

VC = LC + MC

TC (q) = FC + ( VC * q )

TR (q) = R * q

P( profit ) = TR(q) - TC(q) ------------ ( 1 )

c) attached below

<u>d) If Cox Electrics makes 12,000 units of the new product </u>

The resulting profit = -$5000

q = 12

P = TR ( q ) - TC ( q )

= ( R * q ) - ( Fc + ( Vc * q ) )

= ( 0.65 * 12000 ) - ( 10,000 + ( 0.25 * 12000 )

= -$5200

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2 years ago

A laissez-faire leader will give their employees as much ( ) as possible

schepotkina [342]

I think it’s B Work

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2 years ago

Read 2 more answers