A monopolistic competitor maximizes profit by producing 175 units at a marginal cost of $7. The average cost to produce is $14 per unit, and the firm can sell its output at a price of $16.

What is the total profit this firm earns?

Answers

Answer 1

Answer:

343

Explanation:

x=175

(14x+7)=2,457 the cost of everything

16x=2800

2800-2457=343

Answer 2

According to the question, the total profit of this firm earns in per unit is $2 and profit which they earn in 175 units is $350.

What is Profit maximization in monopolistic competition?

In the monopolistic competition, organisation maximizes its total profit by   equating marginal cost to marginal revenue and solving for the price of one product and the quantity it must produce.

In this process, a monopolistic competitor chooses its profit - maximizing quantity and price resembles closely how a monopoly makes these decisions process.  

Therefore,

Profit / Unit = Price / Unit - Cost / Unit

so, the price per unit = $16 and the cost per unit = $14

Here, the profit per unit is $2 and total earns profit is $350.

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Related Questions

50 POINTS

Danielle is a cosmetologist who specializes in hair color. What skill might benefit Danielle in her career?

A. Danielle enjoys working alone
B. Danielle likes math and solving puzzles
C. Danielle is friendly and outgoing
D. Danielle is competitive and likes sports.

Answers

C. if she's meeting new clients everyday for her job she needs people skills :)
option c

because other options say maths , sports which are not important for this career the another reason I choose ( option c ) she should be friendly with her customers

Some customers are more valuable than others if they ______ the company. a. generate less revenue for b. communicate less with c. generate more revenue for d. communicate more with

Answers

Answer

communicate more with

Explanation:

A motor vehicle sold on credit to C. Kelly will require which of the following entries:



Debit Purchases, Credit C. Kelly

Debit motor vehicle, Credit C. Kelly

Debit C. Kelly, Credit purchases

Debit C. Kelly, Credit Motor vehicle

Answers

When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be Debit C. Kelly, Credit Motor vehicle.

When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.

The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.

In conclusion, the accounting entry for the above scenario would be Debit C. Kelly, Credit Motor vehicle.

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The ______ is a measure of the rate of return an investor will earn if the investor buys the bond now and holds until maturity.

Answers

Answer:

Yield

Explanation:

YTM = Yield to Maturity

state whether the item is an asset or a liability.)
i Motor Car
ii. Stock of goods
iii. Cash at bank
iv. Bank overdraft
v. The business owes a supplier for goods
vi. Loan
vii. Machinery
viii. Creditors
ix. Equipment
x. Money owing to bank

Answers

Answer:

v and i

Explanation:

In terms of organization architecture, _____ refers to the employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation.

Answers

In terms of organization architecture, people refers to the employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation.

how do I start my own beauty business

Answers

Answer:

You can distribute samples to local makeup artists, launch a promotional blog, send press releases to publications that cover beauty products, or open social networking accounts to introduce your company to new people. invest in beauty and cosmetics brands invest in cosmetics business.

Explanation:

50 POINTS

Becky works as a cashier at a local grocery store. The pathway in the human services cluster that Becky works in is:


A. Counseling and Mental health services.

B. Family and community services.

C. Early childhood development.

D. Consumer services.


If you don't know don't answer, I don't want any wrong answers...

Answers

Answer:

Becky works as a cashier at a local grocery store. The pathway in the human services cluster that Becky works in is:

I think it's

D. Consumer services.

Answer

D have a great day :)

Explanation:

How soon after entering a company’s office space does a visitor typically develop a judgment about the company?

minutes

seconds

hours

days

Answers

I would assume seconds considering that the appearance of the company plays a big role in the way the visitor views the company. If the company is presented as clean and organized it is much likelier for the visitor to have a better judgement of the company. This judgement can be formed in seconds just by the first appearance of the area.

one problem with the use of the polygraph to detect lying is that the test

Answers

Answer:

the person may be nervous, causing the test to be invalid

What does competetive advantage mean?

Answers

Answer:

a condition or circumstance that puts a company in a favourable or superior business position.

Answer:

a condition or circumstance that puts a company in a favorable or superior business position.

Explanation:

what does disney use at their theme parks and resorts to try to integrate and improve customers’ experiences with their offerings and brand?

Answers

They use the magic bands. Magic bands are plastic bracelets that contain RFID radios, used at Walt Disney world Resort. The magic bands from the central part of the MyMagic+ experience, providing a way for the system to connect data to guests.

Total sales: $60,230 Rate of commission: 6% on first $40,000
7% on next $10,000;
8% on sales over $50,000
Income: ?

Answers

Answer:

1000000 wdnjdkdidhxh fdjjxifid

what are the effects of increasing a manager's span of control ?

Answers

Answer: Higher average span of control means fewer layers of management within the organization and a relatively flatter organizational structure.

Explanation: This can lead to, Faster decision-making due to fewer levels of approvals required for a specific decision, which allows the company to respond more quickly to business issues.

Exhibit 13-1
Bank
Increase in Checkable Deposits
New Required Reserves
New Checkable Deposits Created by Extending New Loans
A$0
$0
$1,000
B
$1,000
(A)
(B)
C
(C)
$90
(D)
D
$810
(E)
(F)
Assume that the required reserve ratio is 10%, that there are no cash leakages, and that banks hold zero excess reserves.
Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits?
a. $100,000
b. $10,000
c. $1,000
d. $1,000,000

Answers

Answer:

1,000,000"

Explanation:

if a tax is imposed on a market with inelastic demand and elastic supply, then:

Answers

Answer:

Buyers will bear most of the burden of the tax

Explanation:

Hope it helps

Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to

A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise

Answers

C. Embrace the franchise restrictions

Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.

Who was Claire?

Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.

As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.

Therefore Option(c) is correct.

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how often does the bsa/aml require mlos to be trained?

Answers

According to general practice and standards, BSA/AML requires MLOs to be trained annually.

BSA is the acronym of Bank Secrecy Act

AML is the acronym for Anti-Money Laundering.

MLO is the acronym of Mortgage Loan Officer.

Generally, many examiners expect the FFIEC BSA AML Examination is that MLOs should trained and be tested annually.

However, in a case where the firm does not execute transactions with customers or possess customer accounts, or act as an introducing broker regarding customer accounts, MLOs are expected to be trained and tested every two years.

Hence, in this case, it is concluded that the correct answer is "annually."

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Select the Internet site(s) that could be used as job lead sources.
ebay.com
Jobs2Careers.com
dictionary.com
Monster.com

Answers

Answer:

Monster.com and Jobs2careers.com

Explanation: You can usually find job offers surfing the internet with ease.

within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new markets early, uber hoped to capitalize on

Answers

Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."

The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.

Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.

Hence, in this case, it is concluded that the correct answer is "first-mover advantage."

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A substantial one of these will keep you from going upside down on your loan, that is, owing more on your car than it is
worth:

A) finance charges
B) insurance
C) down payment
D) interest

Answers

A-wala akung interest
B- is not the clown

Answer: C) Down Payment

Explanation: You should put more money down. You no longer need a 20% down payment to buy a home, but a down payment that’s too small can harm your equity.

Knowledge Matters ;0

an increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?

Answers

Answer:

An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run? A. The price level will rise, and the level of GDP will fall.

the statement of cash flows provides summary information about cash and cash during the year.

Answers

Answer:

The statement of cash flows, or the cash flow statement (CFS), is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company. Like the income statement, it also measures the performance of a company over a period

If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes

Answers

Answer:

200b

100m263min taxes exchange

who wanna tlk im boooored

Answers

Answer:

sure why not

Explanation:

Answer:

When I answer 2 of your questions double the chance to talk.

Explanation:

Jobs and careers that require degrees or certificates generally jobs that require little or no training

Answers

Answer:

IT companies

Court Reporter

Sheet Mental worker

Certifications are less expensive, degrees provide a comprehensive education. The following statement explains their importance.

What is the more valuable degree or a certificate?

While certifications are less expensive, degrees provide a more comprehensive education. If you want to expand your knowledge in IT-related fields, there are two options: certifications and degrees. Both paths have advantages, but they are not the same.

IT companies, Court Reporter requires degree or certification courses. While Sheet Mental workers, working in a garage, do not require degrees or certificates.

Therefore, the above statement explains the importance of a degree or a certificate.

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100 points & brainliest.

Answers

Answer:

A

Explanation:

Answer:

the answer is the first option (A)

Explanation:

How do you manage a business?:​

Answers

Business management definition is managing the coordination and organization of business activities Management is in charge of planning, organizing, directing, and controlling the business's resources so they can meet the objectives of the policy.

Answer:  Managing a business involves handling office affairs that may include using project software and using small business tools like Intuit QuickBooks. Running an office is a necessary component of business management because office efficiency is an indicator of productivity and job performance.

The Occupational Information Network (ONET) further indicates that office management involves hiring and developing employees, task delegation and directing the assignments of subordinates. Office management involves hiring and developing employees, task delegation and directing the assignments of subordinates.

Time Management

Effective time management is a critical part of managing a business. Employing time management skills help business managers prioritize tasks and effectively organize work assignments. Properly monitoring schedule adherence is necessary to make sure employees have sufficient training, appropriate workloads and oversight to ensure they are performing their job duties adequately. Business managers must occasionally analyze employee schedules and make modifications to keep up with changing business needs.

Task Delegation

Successfully managing a business also means knowing when to delegate work to others, Kelly Services indicates. Task delegation gives business managers the opportunity to transfer assignments and decision-making authority to other qualified workers. Delegation provides executives with additional time to perform other important duties. Managers that delegate tasks are still responsible for ensuring that the duties are satisfactorily completed, however, they do not have to be concerned with the direct management of the task.

Leadership Responsibilities

The nature of business management requires effective application of leadership principles and visionary leadership. Business managers must be able to effectually lead their organization in the right direction. Leadership roles involve managing conflict, encouraging ethical behavior, mentoring employees and marketing the business. Leaders must gain the trust of their subordinates, business partners and customers to maintain positive business relationships and successful business transactions.

Explanation: Managing a business requires the proper application of many different skills. Business managers are responsible for overseeing the day-to-day operations of an organization as well as ensuring employees and other office workers are completing their assigned tasks. Managers are often held accountable for their company's successes and failures. The diverse challenges of managing a business make the task demanding but highly rewarding.

How often is USPS mail typically delivered to a business?

Answers

Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.

cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as

Answers

The purchase/sale of long-term assets and current investments are classified as Investing activities under the statement of cash flows.

Basically, a cash-flow statement is a financial statement that records the cash and cash equivalent that goes in and out of the business.

The section of the cash-flow statement is divided into:

Operating activitiesInvesting activitiesFinancing activities

The Investing activities entails transactions that includes purchase and sale of long-term assets and other business investment.

Therefore, the Investing activities is the answer.

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Severe storms can harmpeople and damage property. What climateand weather factors do meteorologiststrack to help people stay informed aboutsevere weather events? Explain. The present progressive is formed by combining the verb "to be" with the present participle. (The present participle is merely the "-ing" form of a verb.) In English, present progressive can be used to describe what is happening now, or what will happen in the future. In Spanish, the present progressive is only used to describe an action that is in the process of taking place. It is not used for future actions! To form the present progressive in Spanish, combine a form of "estar" with the present participle. In order to form the present progressive, you must know how to conjugate the verb estar, and how to form the present participle. You already know how to conjugate the verb estar: estoy estamos ests _______ est estn To form the present participle of regular -ar verbs, add -ando to the stem of the verb. 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