Questions
10) Which of the following nontariff barriers (NTBs) may generate revenue for the government? Multiple Choice...

10) Which of the following nontariff barriers (NTBs) may generate revenue for the government?

Multiple Choice

a) Government procurement

b) Import quota

c) Voluntary export restraint

d) Domestic content requirement

In: Economics

Do a comprehensive comparative analysis of food delivery apps (Zomato And Swiggy). Briefly explain their revenue...

Do a comprehensive comparative analysis of food delivery apps (Zomato And Swiggy). Briefly explain their revenue model

Discuss in detail the good and bad UX features of each app relative to each other.

In: Economics

For a single price monopolist, marginal revenue decreases because: Question 1 options: in order to sell...

For a single price monopolist, marginal revenue decreases because:

Question 1 options:

in order to sell more quantity, price must increase for all previous quantity.

in order to sell more quantity, price must decrease for all previous quantity.

the monopoly can sell any quantity it wants without lowering its price.

In perfect price discrimination:

Question 2 options:

firms are perfectly competitive.

each customer is charged their exact willingness to pay for each quantity.

each customer is charged the exact same price.

What part of the graph is different between single price monopoly and a price discriminating monopoly?

Question 3 options:

demand.

marginal revenue.

marginal cost.

In perfect price discrimination, a firm must lower its price for all customers in order to sell an additional quantity.

Question 4 options:

True
False

In: Economics

If we have data on both sales revenue and price levels. We want to estimate how...

If we have data on both sales revenue and price levels.

We want to estimate how relevant the effect of price on sales is meaning we would like to regress sales on price.

But someone already used THE SAME data set to regress price on sales and found it to have a coefficient of determination equal to 0.45.

Would we still need to run the regression of sales on price in order to find out the associated coefficient of determination? and explain.

Thanks.

In: Economics

1. Which of the following is true about the output level where marginal revenue equals marginal...

1.

Which of the following is true about the output level where marginal revenue equals marginal cost?

Group of answer choices

The firm is maximizing profit.

Economic profits are equal to zero.

The firm should reduce its output.

The firm should increase its output.

2.

The price charged by a profit-maximizing monopolist occurs

Group of answer choices

At the minimum of the long-run average total cost curve.

Where P = MR = MC.

At a price on the demand curve above the intersection where MR = MC.

At a price on the long-run average total cost curve below the point where MR = MC.

3.

Which of the following is likely to occur if a monopoly suddenly loses its ability to deny potential competitors entry into the market?

Group of answer choices

Profits for the market will increase.

The industry demand curve for the product will shift.

The total market quantity of output produced will fall.

The market price of the product will fall.

4.

Which of the following is the same for monopoly and competition under the same cost and demand conditions?

Group of answer choices

The amount of output that is produced.

The goal of maximizing profits.

Economic profits.

Efficiency of production at the profit-maximizing output.

5.

A monopolist will find that its marginal revenue curve

Group of answer choices

Lies below its demand curve and is steeper than its demand curve.

Is the same as its demand curve.

Lies above its demand curve and is flatter than its demand curve.

Lies below its demand curve and has the same slope as its demand curve.

In: Economics

Question 37 A monopolist maximizes profits by a. producing an output level where marginal revenue equals...

Question 37

  1. A monopolist maximizes profits by

    a.

    producing an output level where marginal revenue equals marginal cost.

    b.

    charging a price equal to marginal revenue and marginal cost.

    c.

    charging a price where marginal cost equals average total cost.

    d.

    Both a and b are correct.

Question 38

  1. A monopoly is an inefficient way to produce a product because

    a.

    it faces a downward-sloping demand curve.

    b.

    it can earn both short-run and long-run profits.

    c.

    the cost to the monopolist of producing one more unit exceeds the value of that unit to potential buyers.

    d.

    it produces a smaller level of output than would be produced in a competitive market.

Question 39

  1. A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it

    a.

    can prevent children from buying the lower-priced tickets and selling them to adults.

    b.

    has some degree of monopoly pricing power.

    c.

    can easily distinguish between the two groups of customers.

    d.

    All of the above are correct.

In: Economics

If referencing a perfectly competitive firm: Marginal Revenue (MR) = marginal costs (MC) at 1,000 units...

If referencing a perfectly competitive firm: Marginal Revenue (MR) = marginal costs (MC) at 1,000 units of production. The price per unit of the product is $22 at this output. The TOTAL FIXED COSTS (TFC) at this output=$10,000. AVERAGE TOTAL COSTS (ATC) = $25 per unit at this output.

1) Should the firm continue to produce at this output? Why or why not?

2) What is the total profit or loss at this level of production? Show calculation.

In: Economics

1. A recent income statement of Bantom Corporation reported the following data: Sales revenue $ 8,358,000...

1. A recent income statement of Bantom Corporation reported the following data: Sales revenue $ 8,358,000 Variable costs 4,998,000 Fixed costs 3,130,000 If these data are based on the sale of 21,000 units, the contribution margin per unit would be:

Multiple Choice

$50. $160. $300. $370.

2.  

Bloomfield Stores reported sales revenues of $720,000, a total contribution margin of $200,000, and fixed costs of $325,000. If sales volume amounted to 10,000 units, the company's variable cost per unit must have been:

Multiple Choice

  • $14.

  • $34.

  • $52.

  • $94.

  • None of the answers is correct.

In: Accounting

15. Under Section 79 of the Internal Revenue Code, if a 60-year-old employee is provided with...

15. Under Section 79 of the Internal Revenue Code, if a 60-year-old employee is provided with $180,000 of group term insurance, what would be the employee's annual taxable income on this insurance?

A. $85.80
B. $66.00
C. $1,425.60

D. $1,029.60

In: Finance

Mark those accounts that would still have a balance after the closing entries . Commission Revenue...

Mark those accounts that would still have a balance after the closing entries .

Commission Revenue , Cash , Retained Earnings , Dividend Salaries Payable ,Insurance Expense ,Accumulated Depreciation,saleries payable

My answer: cash, Accumulated depreciation

Is it correct?

In: Accounting