Which statement is true? a) The monopolist and the perfect competitor both produce where MC equals MR.
Question:
Which statement is true?
a) The monopolist and the perfect competitor both produce where MC equals MR.
b) Neither the monopolist nor the perfect competitor produce where MC equals MR.
c) The monopolist, but not the perfect competitor, produces where MC equals MR.
d) The perfect competitor, but not the monopolist, produces where MC equals MR.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The correct answer is d The perfect competitor but not the monopolist pr...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. If assets are $40,000 and stockholders equity is $10,000, how much are liabilities? a. $30,000 b. $50,000 c. $20,000 d. $60,000 e. $10,000 2. To which account in the Balance Sheet is the net...
-
A 500g steel can is at a temperature of 80 o C. The steel can is thrown into the lake, which has a temperature of 20 o C. After the steel can is finished transferring energy into the lake, how much...
-
After identifying areas for development, you are required to incorporate these into a professional development plan. The written plan will: Outline area/domain where professional development is...
-
On April 1, 2014, Briggs Corp. purchases a 24-month property insurance policy for $72,000. The policy is effective immediately. Assume that Briggs prepares adjusting entries only once a year, on...
-
Grizzly World Wide Inc. prides itself as being the world's leading marketer of Canadian branded non-athletic footwear. The following data (in millions) were taken from its annual report for the...
-
Graph the curve. a. Where do the graphs appear to have vertical tangents? b. Confirm your findings in part (a) with limit calculations. But before you do, read the introduction. y = x 5/3 - 5x 2/3
-
MNEs and LIBOR. Most MNEs either take loans in eurocurrencies or issue eurobonds with a floating coupon rate tied to the LIBOR. Explain how MNEs were affected by the LIBOR scandal.
-
Walkin Inc. is considering the write-down of its long-term plant because of a lack of profitability. Explain to the management of Walkin how to determine whether a write-down is permitted.
-
A company paid $1.05 in cash dividends per share. Its earnings per share is $3.05, and its market price per share is $28.75. Its dividend yield equals: Multiple Choice 34.4% 2.9% 29.0% 10.6% D9
-
Which statement is true about economic profit in the long run? a) Both the monopolist and the perfect competitor make one. b) Neither the monopolist nor the perfect competitor makes one. c) Only the...
-
If a monopolist has a straight-line demand curve, its marginal revenue curve ___________. a) will be the same as the demand curve b) will fall twice as quickly as the demand curve c) will lie below...
-
How much more will an investment of $10,000 be worth after 25 years if it earns 5% compounded annually instead of 4% compounded annually? Calculate the difference in dollars and as a percentage of...
-
Selected information from the accounting records of the Enterprise appears below. You are asked to prepare a statement of cash flows for the period ended 12/31/2022, using the indirect method. 1 Net...
-
Assume an investor's coefficient of risk - aversion is 4 and the investor's utility function is described by U = E ( r ) - ( A / 2 ) 0 ? . If both Portfolios A and B are on the same indifference...
-
Colt Company produces two skateboard models. Machine time per unit for Hero is two hours and for Flip is one hour. The machine's capacity is 1,740 hours per year. Colt can sell up to 584 units of...
-
Karen Corporation is negotiation with Julius Corp. to purchase all of Julius Corp.'s net assets and assume all liabilities. You have been asked to help develop a tentative offer price which will...
-
Requirement a. Compute the carrying value of Famous Frosting's equipment The carrying value of the baking equipment at the end of two years is More info - X The company has observed a decline in the...
-
List three things that might conveniently be measured in millilitres.
-
Create an appropriate display of the navel data collected in Exercise 25 of Section 3.1. Discuss any special properties of this distribution. Exercise 25 The navel ratio is defined to be a persons...
-
1. The computation of economic cost is based on the principle of __________. 2. A firms implicit cost is defined as the cost of non purchased inputs, such as the entrepreneurs _________and _________....
-
1. The computation of economic cost is based on the principle of __________. 2. A firms implicit cost is defined as the cost of non purchased inputs, such as the entrepreneurs _________and _________....
-
1. The computation of economic cost is based on the principle of __________. 2. A firms implicit cost is defined as the cost of non purchased inputs, such as the entrepreneurs _________and _________....
-
31 BT E R ole]1i 1o 2111Trial balancev For the Quarter Ended May 31, 2022For the Year Ended May 31, 2022May 31, 2022 Totals $ $ Current Attempt in Progress Julia Dumars is a licensed CPA. During the...
-
Chief Customer Officer Jayden Hayden has asked sales analyst Paige Sage to analyze the company's Western Kentucky district. Paige intends to calculate ROAM for the district. She has compiled the...
-
Which of the following statements is correct?If the demand curve for a firm's stock is relatively flat, the firm will have a more difficult time raising alarge amount of new equity funds for...
Study smarter with the SolutionInn App