Explain in detail how the monopoly ferry operator in Onus will determine the price she will charge the island residents for ferry service and how that price will differ from the price experienced by the island residents and tourists in the perfectly competitive market of Yuri

Answers

Answer 1

Answer:

Price Determination in a Monopoly and a Perfectly Competitive Market:

The monopoly ferry operator in Onus will arbitrarily fix any price she likes to maximize revenue and profits.  The prices for her services are not determined by the market forces of supply and demand.

On the other hand, in the perfectly competitive market of Yuri, the ferry operator as a single person cannot fix prices for her services.  Instead, the operator is a price-taker.  The prices of her services are determined by the forces of supply and demand.

Explanation:

Firms in a monopolistic market usually set their prices above the marginal costs of their products and services.  They also earn positive economic profits.  For firms in a perfectly competitive market, an equilibrium is usually achieved where the price and the quantity of a good are determined by market forces, such that price equals marginal cost.  Each firm, therefore, does not earn any positive economic profit.


Related Questions

OK YALL IM AT STARBUCKS WHAT YALL WANT ;D

Answers

Frappuccino please i crave caffeine
Grande Carmel frappe with extra whip cream and extra caramel drizzle with 2% milk

free creditsssssssssssssssssssssssssssss

Answers

Answer:

ty

Explanation:

let just start ignoring celebrities and see what happens

Answers

Answer:

alr bet

Explanation:

What is the most financially dangerous way to pay for college?

Scholarships
Cash
Credit cards
Federal student loans

Answers

credit cards i’m pretty sure

is an
emerging green career dedicated to the discovery of energy using the sun as its source

Answers

Yes it is a discovery

Suppose you are talking to both a recent college graduate who does not have much money in his budget for retirement savings and a 40-year-old employee who never opened a retirement account for herself until now.How would the retirement advice you give to each of them differ?

Answers

Explanation:

Retirement advice to college graduate:

1. Create a Long-Term Plan.

2. Diversify Your Investments.

3.Automate Your Savings.

4.Enjoy Your Money Later.

To 40-year-old employee who never opened a retirement account for herself until now.

1. Get rid of debt and reach your savings maximums

2. Save independently with IRAs

3. Maintain the right investment mix and reduce risk

4. Keep all your assets in view

5.Make tough decisions about education expenses


Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet

Answers

Answer:

Deed

Explanation:

A deed, when duly signed, is a written legal document that confers some property rights to the holder.  A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.

The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.

Income earned on an hourly basis is called a

Answers

Income earned on an hourly basis is called a wage.
Wage........................

Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information, what does the gross income for the month equal?
Cash = $700, Checks = $200, Credit Card Charges = $400

a. $700
b. $1100
c. $1300
d. $400

Answers

Answer:

C.$1300.................:)

Answer:

1,300

Explanation:

just added the numbers

Question 9 of 10
Stiviko's approved work plan included 4 technicians to create 200 web pages
over 5 days. What was the unit metric for the production work?
O A. 10 pages per technician per day
B, 40 pages per technician per day
C. 20 pages per technician per day
D. 400 web pages per week
SUBMIT
PREVIOUS

Answers

Answer:

A.

Explanation:

they make 40 a day because 200 / 5 = 40

1. An agency is given detailed authority to issue rules similar to the power of statutes with _____ rule making.
A) specific
B) interpretive
C) substantive
D) intrusive

2. A(n) ____ of the executive or legislative branches of government permits the formation of an administrative agency.
A) administrative deed
B) enabling act
C) administrative contact
D) legislative doctrine

please help, or if anyone has the full exam answers pls link them

Answers

1. An agency is given detailed authority to issue rules similar to the power of statutes with interpretive rule making.

What is interpretive rule making?

An interpretive rule is a document created by the agency to explain detailed rules it has enacted sot that it can be well understood by all.

It is to be noted that rule issued by an administrative agency that only clarifies or explains existing laws or regulations.

Hence, an agency is given detailed authority to issue rules similar to the power of statutes with interpretive rule making.

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2.  An legislative act of the executive or legislative branches of government permits the formation of an administrative agency.

What is legislate act?

An legislative act means conferring certain specified powers on a person or organization.

With regards to government, the legislative branches of government permits the formation of an administrative agency through legislative act.

Hence, an enabling act of the executive or legislative branches of government permits the formation of legislative act.

Learn more about legislative act here : https://brainly.com/question/11629131


3. From the following, select the tax that is
matched with its correct explanation:
A. Payroll tax: money deducted from
a person's salary that is sent to the
government by the employer.
b. Real estate tax: money paid to the
government to use for building federally
subsidized housing.
C. Sales tax: a percentage of money that the
federal government deducts from the cost
of new purchases.
d. Income tax: money that an employer
pays out of company profits to the federal
government for each person employed.

Answers

Answer:

A.) Payroll tax: money deducted from a person's salary that is sent to the government by the employer.

Explanation:

Payroll tax refers to the mandatory tax deductions imposed by the government on employees. The employer acts as the tax agent and withholds the taxes on every paycheck. The taxes are remitted to the government after collection.

The term payroll tax is used because the tax is based on the amount earned by employees. Sales tax is the tax imposed on the sale of goods and services. Income tax is imposed on income earned.

Although claimed to be seen by many, the Loch Ness Monster's existence has not been..............

a. culminated
b. complicated
c. sophisticated
d. authenticated​

Answers

B: Complicated I think that it this one I may be wrong -if I am sorry

If an e-mail program has the ability to enhance the overall appearance of a cover letter, the author should take advantage of using interesting fonts and colors to show their personality.

Answers

Answer:

F

Explanation:

Because you don´t want your cover letter to have crazy fonts and colors, you want to keep it professional. Please mark brainliest.

What is the approximate time period of the simple trade era?

Answers

Answer:

1800s up to the 1850s

Explanation:

Simple trade era started around the 1800s up to the 1850s

In the simple trade era, everything was harvested or made by hand.  Most of what people produced was meant for consumption within the household. Any excess was traded for other goods. The commodities produced were basic items to meet basic needs.  Production was limited; hence there was no need for marketing.

Select the correct answer.
Which of the following is a one of the steps of the Sale Management by Objective (SMBO) approach?

A. setting coordinated goals for salespeople
B. following up with customers
C. differentiating products from competitors
D. ceasing communication with customers that do not pay
E. ignoring unwanted customers

Answers

Answer:

A) Setting coorinated goals for salesperson

Explanation:

correct me if Im wrong.

Answer:

A

Explanation:

I need help with this someone help me please

Answers

Answer:

Homzygous

ggLLRR

Homzygous have 2 identical alleles

Heterozygous

tTZzFf Hh

Heterozygous have 2 non-identical alleles

heterogeneous: tT, Zz, Ff, Hh
homogeneous: gg, LL, RR

displays more information on the spreadsheet?

Answers

When you ask a question like this, you have to include a picture of what you are talking about. I'll walk you through the process. When you first start asking a question there is an option for a little paperclip on the bottom of the question box. Click on that and then select the file (the photo is considered a file by the computer) then type in what the question is and simple hit ask question. Now it will post the picture along with your question.

Hope this helps,

Miri

can anyone name off any colleges in michigan that can help me persue being an animal rescuer

Answers

Answer:

Explanation:

Humane Society Of West Michigan and Michigan Animal Rescue League

Sammy says, “I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” Explain why this logic is flawed.

Answers

Answer:

Car insurance isn't in place for people who are bad drivers, although I'm sure it helps them too. It's in place for situations you can never predict. Just because you're a good driver doesn't mean the people around you aren't. You have no control of other people's actions, so you might actually need that insurance Sammy.

Explanation:

im smart

This logic that "I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” is absolutely illogical as the rules and regulations set by the TRANSPORT DEPARTMENT is for every individual travelling on streets by any vehicle whether it is bicycle or a a four wheeler.

What are the Traffic Rules to drive a vehicle?

Always have valid documents of the vehicleAlways carry the Driving LicenseDo not drink and driveDo not use Mobile while drivingDo not OverspeedAlways stop at Red LightAlways wear Helmet on Two wheeler and seat belt on Four wheeler.Always have Insurance of the vehicle

Why Insurance of Vehicle is Mandatory?

Having Insurance of Car is mandatory because it ensures the financial safety of the person who is driving and also if any casualty happened, it also ensure the financial safety of that person. Casualty can happen because of many reasons and it does not completely depends on the efficiency of the driver.

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d. How trustworthy do you think the primary source is? Do you think this source Might
be biased? Why? (1-2 sentences. 0.5 points)

Answers

Answer:

um where is the paragraph can I see it I can give you the answer once I can see if the source is biased.

Explanation:

show me the paragraph so I can help answer your question.

Why did government spending increase in the 1930s? (Business Cycles)

Answers

Answer:

The government spent money to lift the economy out of the great depression

Explanation:

Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.

To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.

Select the correct answer from the drop-down menu.
What forecasting technique is used for analysis?

Over the past few years, the sale of cell phones has shot up drastically all over the world. Increase in competition has forced companies to improve features and reduce prices of phones. A research firm has observed a world-wide increase in demand of phones by using _____ forecasting technique. It scrutinizes the _____ forces that affect a company.

1. Micro, Macro, Mezzro
2. Internal, External, Intra

Answers

Answer: Macro, External

Explanation:

Macroeconomics effect the entire world, while it scrutinizes the external forces that affect the company.

how do economists define marginal benefit for an individual

Answers

Answer:

Marginal benefit and marginal cost are two measures of how the cost or value of a product changes. ... A marginal benefit is the maximum amount of money a consumer is willing to pay for an additional good or service. The consumer's satisfaction tends to decrease as consumption increases.

Explanation:

please mark me as brainliest thank you

Where are most box office managers jobs found?

Answers

Answer:

centre of metropolitan area.

Explanation:

Box office managers are the people who are in charge of selling the tickets for a movie theatre.

Typically, this type of jobs are available at the center of large cities. The people have a higher than average income and can afford to spend some them for entertainment rather than basic needs. This is where businesses such as movie theatre, bands, Opera, Comedy show, and gambling spots tend to thrive.

Which resource can you use to view businesses or suppliers divided into different categories?
You may use online or offline _________
to view businesses or suppliers classified into different categories.

Answers

Answer:

yellow pages

Explanation:

It's "Yellow Pages" :)

I got it right on plato <3

39. When trying to sell a product or service to a customer, when the customer initially says "no", this
is called a(n) *
(2 Points)
O Refusal
o
Direct denial
Objection
O Pass

Answers

Answer:

A sales objection

Explanation:

A sales objection is any communication from a customer expressing unwillingness to make a purchase at that moment. It is when a customer turns down a sales proposal. A sale objection indicates that the customer is not ready to buy.

Sales objections are common in the selling process. They can be frustrating to salespeople. However, they are several techniques that companies and salespeople employ to overcome the disappointment caused by objections.

Who does not make a good reference?
A. former employers
B. relatives
C. current employers
D. teachers

Answers

Answer:

b

Explanation:

cause yeajjfjfjgjgjgkgkgkg

b because family thinks more of you

Johnny Come Lately Computers (JCMC) has 20,000 bonds outstanding, selling at 98 percent of par; 300,000 shares of stock outstanding, selling at $32.71 per share; and 50,000 shares of preferred stock, trading at $82 per share. What weight will common stock have in the computation of the firm's WACC?

Answers

Answer:

61.82 %

Explanation:

For WACC calculation, we consider the Market Weight of Common Stock.

Market Weight of Common Stock = Market Value of Common Stock ÷ Total Market Value of Funding

                                                         = (300,000 × $32.71) ÷ (20,000 × 98 + 300,000 × $32.71 + 50,000 × $82)

                                                         = 61.82 %

Thus the weight of Common Stock will be 61.82 %

Select the correct answer.
What financing method makes a company declare an initial public offering (IPO)?

A. equity capital
B. government funding
C. bank loan
D. angel investing

Answers

A......Equity capital

The financing method that makes a company declare initial public offering is called equity capital. Hence the correct answer is Option A

What is Equity Capital?

Equity can be defined as a type of fund that the public invests in a company after which na certain percentage of the company is allocated to them.

The most common type of equity capital is shareholders equity capital.

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