economic efficiency requires that a natural monopoly's price be set corresponding to the quantity where marginal revenue equals marginal cost.

Answers

Answer 1

In economics, a natural monopoly occurs when a single firm can serve the entire market at a lower cost than multiple competing firms. In such cases, economic efficiency suggests that the price set by the natural monopoly should correspond to the quantity where marginal revenue equals marginal cost.

The concept of marginal revenue (MR) refers to the additional revenue generated from selling one additional unit of a product or service. Marginal cost (MC) represents the additional cost incurred in producing one extra unit. Setting the price at the level where marginal revenue equals marginal cost ensures that the natural monopoly maximizes its profits while minimizing the deadweight loss associated with monopolistic pricing. If the price is set higher than the marginal cost, it would lead to a reduction in consumer surplus and overall economic welfare.

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Related Questions

When customers visit the service site, which factor(s) must be considered in designing the service? how expensive the service is convenience of the location operational hours b and c only

Answers

When designing a service site, it is important to consider factors that will affect the customer's experience.  The two key factors to take under consideration are operational hours and convience of the location.

Two key factors to consider are the operational hours and the convenience of the location. The operational hours should be designed to accommodate the needs of the customers, such as extended hours for those who work late or early.

The convenience of the location is also important as customers prefer a location that is easily accessible and located in a safe area. The cost of the service is also important but it should not be the only factor considered, as customers may be willing to pay more for a service that is convenient and has extended operational hours.

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a customer purchases a 6% municipal bond in the secondary market on a 7% basis. the effective after-tax yield is

Answers

The effective after-tax yield for the investor in the 30% tax bracket is 4.2%.

The effective after-tax yield of a 6% municipal bond purchased on a 7% basis in the secondary market depends on the investor's tax bracket. Municipal bond interest is generally tax-exempt at the federal level and may also be exempt from state and local taxes if the investor resides in the issuing municipality. To calculate the effective after-tax yield, we need to subtract the tax savings from the taxable yield. Let's assume the investor is in the 30% tax bracket. First, calculate the taxable yield by subtracting the tax-exempt status (6% - 0% = 6%).Then, calculate the tax savings by multiplying the taxable yield by the tax rate (6% x 30% = 1.8%). Finally, subtract the tax savings from the taxable yield to get the effective after-tax yield (6% - 1.8% = 4.2%).

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What is the probability that a respondent in the survey is male? What is the probability that a respondent in the survey is a male that is completely satisfied with their job? What is the probability

Answers

The probability of respondents being male is 30%.

Probability of male respondent being completely satisfied with their job is 33.3%.

To find the probability of an event occurring, you need to divide the number of favorable outcomes by the total number of possible outcomes. This formula is expressed as:

Probability = Number of Favorable Outcomes / Total Number of Outcomes

Using this formula, we can calculate the probability of a respondent being male, a male that is completely satisfied with their job, and the probability of any other events in the survey.

Here are the probabilities based on the given information:


To determine the probability of a respondent being male, you need to know how many males are in the survey and the total number of people in the survey. The probability of a respondent being male is expressed as:

Probability of respondent being male = Number of male respondents / Total number of respondents

For example, if there are 300 males and 700 females in the survey, then the probability of a respondent being male is:

Probability of respondent being male = 300 / (300 + 700) = 0.3 or 30%


To determine the probability of a male respondent being completely satisfied with their job, you need to know how many male respondents are completely satisfied with their job and the total number of male respondents.

The probability of a male respondent being completely satisfied with their job is expressed as:

Probability of male respondent being completely satisfied with their job = Number of male respondents completely satisfied with their job / Total number of male respondents

For example, if there are 100 male respondents who are completely satisfied with their job and 300 male respondents in the survey, then the probability of a male respondent being completely satisfied with their job is:

Probability of male respondent being completely satisfied with their job = 100 / 300 = 0.333 or 33.3%


To determine the probability of any other event in the survey, you need to know the number of favorable outcomes and the total number of outcomes.

For example, if you want to know the probability of a respondent being female and completely satisfied with their job, then you need to know the number of female respondents who are completely satisfied with their job and the total number of female respondents.

Probability of a female respondent being completely satisfied with their job = Number of female respondents completely satisfied with their job / Total number of female respondents.

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what are two resources within you that are important when choosing a career you would like

Answers

Answer:

Your happiness


education and training


social environment

Explanation:

A firm can sell as much as it wants at a constant price. Demand is thus relatively elastic. perfectly inelastic and absolute price elasticity will equal zero. perfectly elastic and and absolute price elasticty will be very large. O relatively inelastic.

Answers

A firm can sell as much as it wants at a constant price. Demand is thus relatively perfectly elastic and absolute price elasticity will be very large.

A firm is a for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services. The theory of the firm posits that firms exist to maximize profits. Not to be confused with a firm, a company is a business that sells goods or services for profit and includes all business structures and trades.

A business firm has one or more locations which all have the same ownership and report under the same EIN.

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Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold

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Complete question :

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold.

Determine the depletion rate. Determine the amount of depletion expense for the current year. Journalize the adjusting entry to recognize the depletion expense..

Answer: 1) $16 ; $32,800,000

Explanation:

Given the following :

Cost of mineral right = $729,600,000

Estimated deposit = 45,600,000 tons

Quantity sold mined and sold during current year = 2,050,000 tons

Depletion rate :

Cost of mineral right / Estimated volume of deposit

= $729,600,000 / 45,600,000

= $16

B) depletion expense for current year:

Depletion rate × quantity sold and mined in current year

$16 × 2,050,000

= $32,800,000

C.) Depletion expense - - - 32,800,000

Accumulated depletion - - 32,800,00

Which represents the greatest acceleration?


200 m/s

200 cm/s2

0.020 km/s2

0.002 km/s2

Answers

Answer:

(3) 0.020km/s²

Explanation:

The option with greatest acceleration is the one with greatest magnitude.

To do this, we have to analyse each if the given options.

1. 200m/s.

This doesn't represent acceleration because acceleration is not measured in m/s. Rather, this option is a measure of velocity..

2. 200 cm/s²

[Convert to m/s²]

= 200 / 100 m/s²

= 2 m/s²

3. 0.020 km/s²

[Convert to m/s²]

= 0.020 * 1000m/s²

= 20m/s²

4. 0.002 km/s²

[Convert to m/s²]

= 0.002 * 1000 m/s²

= 2m/s²

By comparison options 1 through 4, option (3) has the highest magnitude of acceleration.

Hence, 0.020km/s² is the highest acceleration

How did Selfridge’s idea of discounted merchandise affect the retail world as a whole?

Answers

Answer:there’s all of them word it differently please

Explanation:

Lesson two unit lab for advertising sales promotion

Profits not always the point

1) Consistent, Competitive & Profitable

2)doing good

3)finding a purpose

4. Values and purpose

5)profit is definitely an added perk, if your company is making good profits then you can offer incentives such as bonuses or other things for your employees to do their best every day.

Secrets of selfridges

1)he had an approach to marketing he drew people in

2)he advertised in a newspaper he would fly the flag above the shop he wrote articles defending their cause

3. It made him popular with women shoppers when things turned violent people protected his store

4. He treated everyone the same this was revolutionary because the classes were separated so it was integrating the classes and treating them all the same even though that wasn’t everyone’s outlook on it

5. Sales became a worldwide tradition

What is the relationship between kaizen and the deliberate practice?.

Answers

The relationship between Kaizen and the deliberate practice lies on the fact that;

Deliberate practice is frustrating, uncomfortable, and most importantly painful, although it separates those who achieve from those who don’t.

Messages from Deliberate Practice

Talent is definitely not enough. Hence, Practice as characterized by hard work is the difference between good and great. Expert performance is characterized by hard work and requires repeated actions. Focus is important, In essence, break the work into manageable parts. Setting goals and perseverance is very important Generating Feedback in the moment.

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How does customer demand affect imports and exports?

Answers

Answer:

A country's balance of trade is defined by its net exports (exports minus imports) and is thus influenced by all the factors that affect international trade. These include factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation, and demand.

Explanation:

Levels of agriculture? ​

Answers

Answer:

Helloooo

the steps are :-

Soil preparationmanuringirrigationweedingharvestingstoring

Explanation:

thanks hope it helps

Tucker works for a retail distributor company that was recently started. Tucker already invested a lot of his earnings into shares of the company. When the quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a _________ Corporation.
A. Professional
B. Closely-Held
C. Sub chapter S

Answers

Closely- Held I think

Why aren't there zoning laws to regulate fast food outlets on the poor side of 9th St., or enterprise zones to build businesses, or better transportation, or more mixed income housing?

Answers

This happens because the fast food outlets and enterprise zones to build businesses cannot come under the same area, according to the zoning law.

Zoning is an urban planning technique in which a municipality or other level of authority divides a region of land into "zones," each of which has different rules for new construction from other zones.

Zoning laws are particular rules and guidelines for areas of land that have been set apart as "zones" by the state or a local government. A zoning law, often known as a zoning ordinance, establishes the permitted uses of land for real estate located inside zoning districts.

Thus, This happens because the fast food outlets and enterprise zones to build businesses cannot come under the same area.

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How does residents right violation impact
payers/insurers/health plans, health care professionals, health
provider organizations, or health product developers?

Answers

Resident rights violations impact various stakeholders in the healthcare industry, including payers/insurers/health plans, health care professionals, health provider organizations, and health product developers. These impacts can include increased costs, legal consequences, reputational damage, and ethical implications.

Resident rights violations can have significant impacts on various stakeholders in the healthcare industry. These include:

1. Payers/Insurers/Health Plans: Increased healthcare costs and potential damage to reputation and trust.

2. Health Care Professionals: Professional and ethical implications, including potential legal consequences and reputational harm.

3. Health Provider Organizations: Legal consequences, financial penalties, reputational damage, and potential closure.

4. Health Product Developers: Potential legal liability, reputational damage, and decreased sales.

In summary, resident rights violations can lead to financial, legal, reputational, and ethical consequences for payers/insurers/health plans, health care professionals, health provider organizations, and health product developers.

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15 points In a paragraph of 125 words, explain the importance of market research, being sure to include the four basic steps and the two ways to gather information.

Answers

Answer: Marketing research can give a business a picture of what kinds of new products and services may bring a profit. For products and services already available, marketing research can tell companies whether they are meeting their customers' needs. By researching the answers to specific questions, small-business owners can learn whether they need to change their package design or tweak their delivery methods--and even whether they should consider offering additional services.

Collecting primary research can include:

Interviews (either by telephone or face-to-face)

Surveys (online or by mail)

Questionnaires (online or by mail)

Focus groups gathering a sampling of potential clients or customers and getting their direct feedback

Two ways to gather this information would be asking questions and gathering data from trusted sites or books.

Explanation:

Market research is crucial for businesses to make informed decisions, create products and services that meet the needs of their customers, and stay ahead of the competition. It helps to reduce business risk, improve marketing strategies, and stay up-to-date with the latest market trends.

What is the scope of marketing research?

The areas or components that are examined within marketing research are referred to as their scope. To put it another way, it suggests the domains or contexts in which marketing research can be used. Marketing research actually has an impact on practically every aspect of marketing management.

Market research is the process of gathering and analyzing information about the target market for a product or service. It is a crucial step in the business decision-making process as it helps companies to understand the needs, preferences, and behavior of their target audience.

Market research helps companies identify the needs and preferences of their target audience. This helps companies to create products and services that meet the needs of their customers, leading to increased sales and customer satisfaction.

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does doja cat deserve her fame? what do you think?

Answers

yes she’s a talented queen
yeah shes good and i feel like she’s very creative

The changing use of ICT has had an impact on business. An example of this is the use of ____________________ ________________ to collect vast amounts

Answers

Answer:

ICT is use to collect vast amount of information about the person using technology

Explanation:

The ICT in business stands for Information and Computer Technology which includes all the technologies such media, mass communication, IT and etc

ICT is use to collect vast amount of information about the person using technology

ICT brings the huge benefits to the owner such as

ICT can store huge amount of informationrelative speed of processing the data is high.Less paper work and instant data sharing facility.

Why would finance charges be applied to a customer with a credit card?
• if the customer did not use the car
• if the customer paid the entire bill
• if the customer did not pay off the entire bill
if the customer charged the maximum amount

Answers

Answer:

Finance charges are applied to a customer with a credit card if the customer did not pay off the entire bill. Here are the reasons why:

Credit cards allow customers to borrow money from the credit card company to make purchases.When a customer uses a credit card, they are essentially taking out a loan from the credit card company.The credit card company charges interest on the loan, which is known as a finance charge.If the customer pays off the entire bill by the due date, they will not be charged any finance charges.However, if the customer does not pay off the entire bill, the remaining balance will be subject to finance charges.Finance charges are typically calculated based on the average daily balance of the account over the billing cycle.The finance charges will continue to be applied until the customer pays off the entire balance.

Therefore, if the customer did not pay off the entire bill, finance charges will be applied, regardless of whether they used the card, paid the entire bill, or charged the maximum amount.

Preparing as much as possible for your first day of work can help workers to ________. a. remember important tasks they have forgotten b. let employers see how hard working they are c. use up stores of nervous energy they have d. feel unprepared for their new challenges Please select the best answer from the choices provided A B C D

Answers

Answer:

Use up stores of nervous energy they have.

Explanation:

hopes this helps:)

Answer:

C

Explanation:

Use up stores of nervous energy they have. hope its right got you guys

Increases in equity of a particular business enterprise resulting from transfers to it from other entities or individuals of something of value to obtain or increase ownership interests in it are called

Answers

Answer:

Called shareholders' equity or stockholders equity for a corporation

Explanation:

.......

What does the Fair Credit Reporting
Act focus on?
A. The borrower's rights in regard to their credit
report.
B. The bank's ability to change customer's credit
reports.
C. The government's ability to see an individual's tax
forms.
D. The lender's rights in hiding loan information.

Answers

B

:) hope this helps

how do you feel about testing?

Answers

Answer:

Well I feel like test give me some much anxiety. I get very nervous and worried even if I had studied for the test. Test also sometimes make me feel shaky lol. But overall I feel like test just stresses students out and it’s not really good

Explanation:
Well for most tests it all depends on if the student feels confident with the subject they are taking the test on. I personally think I would get anxiety and other kids too if they are confused with the subject.

Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards, however, can be calculated as the percentage increase in
either the real gross domestic product or the real gross domestic product per capita.

Answers

Answer:

True

Explanation:

It is TRUE that Positive economic growth is realized when a country's production possibilities curve

(frontier) shifts outwards.

This is evident in the fact that the outwards shifts of the production possibilities curve of a country indicate an increase in output or production level of that country.

Also, such production possibilities can indeed be estimated as the percentage increase in either the real gross domestic product or the real gross domestic product per capita.

you own a portfolio that has $2,000 invested in stock a and $3,100 invested in stock b. assume the expected returns on these stocks are 10 percent and 16 percent, respectively. what is the expected return on the portfolio? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

The expected return on the portfolio is 12.7%.

How we find the expected return on the portfolio?

To calculate the expected return on a portfolio, the weighted average of the expected returns of each individual stock is taken.

The weight of each stock is determined by dividing its market value by the total market value of the portfolio.

In this case, the portfolio has $2,000 invested in stock A and $3,100 invested in stock B, for a total portfolio value of $5,100.

The weight of stock A is 2,000/5,100 or approximately 0.3922, while the weight of stock B is 3,100/5,100 or approximately 0.6078.

The expected return on stock A is 10%, and on stock B is 16%. The expected return on the portfolio is calculated as (0.3922 x 10%) + (0.6078 x 16%) = 12.7%.

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which of the following best describes saving dollars' benefits package

Answers

Saving Dollars' benefits package offers comprehensive coverage, including health insurance, retirement plans, paid time off, and employee discounts.

Saving Dollars' benefits package provides a wide range of valuable perks to its employees. It includes health insurance coverage, ensuring that employees have access to medical care and reducing their financial burden. The package also encompasses retirement plans, allowing employees to save for their future and secure their financial well-being. Paid time off is another essential component, granting employees the opportunity to take breaks, spend time with family, and maintain work-life balance. Additionally, the benefits package may include employee discounts, providing cost savings on various goods and services. Overall, Saving Dollars aims to support its employees' health, financial stability, and personal well-being through its comprehensive benefits package.

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an s corporation earns $4.00 per share before taxes. the corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 32%. what is the total amount of taxes paid if the company pays a $4.50 dividend?

Answers

The total amount of taxes paid is equal to the sum of the corporate tax, the personal tax on dividends, and the personal tax on non-dividend income.

How to calculate the total amount of taxes paid?

Corporate taxable income = $4.00 per share * Number of shares

Corporate tax = Corporate taxable income * 35%

Dividend income = $4.50 per share * Number of shares

Personal tax on dividends = Dividend income * 20%

Non-dividend income = Corporate taxable income - Dividend income

Personal tax on non-dividend income = Non-dividend income * 32%

Hence, the answer is, the total amount of taxes paid is equal to the sum of the corporate tax, the personal tax on dividends, and the personal tax on non-dividend income.

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The fundamental philosophy behind ________ is to reduce investment in promotion and transfer part of the savings to lower price.
A. Psychological pricing
B. One-price strategy
C. Variable pricing
D. Everyday low pricing (EDLP)
E. High/low pricing

Answers

The fundamental philosophy behind Everyday low pricing (EDLP)  is to reduce investment in promotion and transfer part of the savings to lower price. The correct option is D.

The fundamental philosophy behind Everyday Low Pricing (EDLP) is to reduce investment in promotion and transfer part of the savings to lower prices. EDLP is a pricing strategy where products are consistently offered at low prices without frequent or significant price promotions. The goal is to provide customers with affordable prices on a regular basis, eliminating the need for them to wait for sales or discounts.

Thus, the ideal selection is option D.

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investment of additional cash in the business by the stockholders would:a. Liabilities increase and stockholders' equity increasesb. Both assets and liabilities increasec. Both assets and stockholders' equity increased. None of the above

Answers

The correct answer is c. Both assets and stockholders' equity increase. When additional cash is invested in the business by the stockholders, it is considered equity financing. This means that the cash received by the company is not a loan, but rather an investment made by the stockholders.

The cash received will increase the assets of the company, as cash is an asset. On the other hand, the stockholders' equity will also increase as the additional cash invested becomes a part of the equity section of the balance sheet. This increases the value of the stockholders' ownership in the company.

It is important to note that liabilities do not increase when additional cash is invested by the stockholders. Liabilities refer to debts or obligations that the company owes to others, and equity financing does not result in any new liabilities.

In summary, the investment of additional cash in the business by the stockholders will increase both the assets and stockholders' equity. This is a positive development for the company, as it increases its financial strength and the value of the stockholders' ownership in the business.

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ryan company deposits all cash receipts on the day they are received and makes all cash payments by check. ryan's june bank statement shows a $21,861 balance in the bank. ryan's comparison of the bank statement to its cash account revealed the following: deposit in transit2,150outstanding checks1,026additionally, a $45 check written and recorded by the company was incorrectly recorded by the bank as a $54 deduction.the adjusted cash balance per the bank records should be:multiple choice$22,994$22,976$25,046$18,694$22,985

Answers

The adjusted cash balance will be $22,985. Thus the correct option is D.

The sum of cash you need in your savings account is the Adjusted Cash Balance.

Adjusted in Cash balance per the bank record

bank balance                                              21,861

Deposit in transit                                           2,150

                                                                      24,011

Outstanding check                                         (1,026)

Adjusted cash balance                                    22,985

The adjusted Cash balance record is    22,985.

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Which of the following is a way of allocating necessary goods when they are in short supply?

Answers

Answer:

shortage

Explanation:

When the price of a good is too low, a shortage results when buyers want more of the good than sellers are willing to supply at that price.

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