The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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You want to check a server for user accounts that have weak passwords. which tool should you use?
Use John the Ripper tool to check a server for user accounts that have weak passwords.
John the Ripper is an open-source password cracking device that corporations can use to test the energy in their passwords. It changed at the start and launched in 1996 for Unix, but it now works on 15 operating structures, such as Linux, Microsoft Windows, and macOS.
John the Ripper is a free password-cracking software tool. It changed into designed to test password strength, brute-force encrypted (hashed) passwords, and crack passwords through dictionary assaults. John the Ripper is part of the Rapid7 family of penetration testing/ hacking tools.
A password cracker recovers passwords using numerous strategies. The method can contain evaluating a list of phrases to bet passwords or using a set of rules to, again and again, guess the password.
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The edit which flags cases that report an excessive number of units of service reported on a single encounter date is called________.
The edit which flags cases that report an excessive number of units of service reported on a single encounter date is called MUEs.
The Medicare Administrative Contractors (MACs), especially Durable Medical Equipment (DME) MACs, use Medically Unlikely Edits (MUEs) to lower the inappropriate payment rate for Part B claims.
The maximum units of services (MUE) for an HCPCS/CPT code are those that, in the majority of cases, a provider would report for a single beneficiary on a single date of service. A MUE is not present in all HCPCS/CPT codes.
This page includes links to the Publication Announcement Letter, the Frequently Asked Questions and Answers (FAQs), and the public Medicare MUE files, which cover the majority of the MUE program's details.
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Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
Lower-level managers are authorized to make decisions in a decentralized organization, which can enhance motivation and job satisfaction.
Decentralized organizational structureA company with a decentralized organizational structure is one where mid- and lower-level managers make decisions, rather than the senior administration team. Sometimes the employees themselves are even concerned in the decision-making process.
It eradicates the bureaucracy that interfere rapid response to strategy implementation in large corporations. As a result, decision making authority be presented to on-site managers making them more reliable and be capable of making timely, informed intelligent decisions.
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Which item is an example of data collected from market research? technical client specs your project timeline your project budget insights into potential customers
The item which is an example of data collected from market research is insights into potential customers.
Market research is the process of gathering information about your target market and the knowing current state of your industry. Thus, it is the research conducted directly with potential customers.
Interviews are considered to be a common type of primary market research that can be either in-depth or as simple as asking a question. For instance, in an interview in market research is conducted when a business calls a current customer to ask how they are enjoying a product they recently purchased.
Hence, the data collected from market research is insights into potential customers.
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More choices and easily accessible information about the functionality of firms' products are creating increasingly __________ customers.
There is an increasingly sophisticated & knowledgeable customers because more availability of choices and easily accessible information about the functionality of firms' products.
What is a functionality of firms' product?This refers to the design works of a product that helps the users meet their goals and needs.
For instance, the product functionality is observed from products such as chairs or tables to the designs such as books or web interfaces, hence, the functionality varies but is everywhere.
That means that when a product design is highly functional it performs what it's expected to do and does it well.
Hence, the increasing product functionality with more availability of choices and easily accessible information about the products result to increasingly sophisticated & knowledgeable customers.
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The amount of a good or service that producers are willing and able to sell at a specific time is the_________.
The amount of a good or service that producers are willing and able to sell at a specific time is the supply.
What affects supply demand?
When prices increase, people prefer to supply more and demand less, and the opposite is true when prices decline. The underlying principle of this concept is the law of supply and demand. The interaction of the two laws determines the true market price and the quantity of commodities available on the market.
What causes supply to decrease?
A good's supply declines if the cost of one of its production complements decreases. The cost of production is influenced by the cost of resources and inputs. Additionally, the supply of a good decreases in proportion to how much it costs to make it. Future pricing expectations have an impact on supply.
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Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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It's often necessary to make adjustments to inventory quantities. How would you make those adjustments?
It's often necessary to make adjustments to inventory quantities.
You can either edit the quantity in the Products and Services List or choose + New Inventory Qty Adjustment.
A product is an object, system, or service offered for consumer use on demand. It is everything we can offer to the market to meet the wants and needs of our customers.
Goods are goods offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. Billable prices vary by market, quality, marketing, and target segment.
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You are obtaining the rights to a script, securing financing for a film, and hiring a cast and crew for a production. this is part of the process of:_______
Hiring a cast and crew for a production. this is a part of the procedure of An opportunity to marketing campaign for higher pay and operating situations.
A campaign is defined as a sequence of prepared movements that are finished for one purpose. An example of a marketing campaign is a set canvassing for a politician walking for the workplace. a chain of operations undertaken to achieve a fixed aim. An election marketing campaign; a navy marketing campaign. A marketing campaign is a planned set of activities that human beings perform over a time frame with the purpose to attain something including social or political trade.
A marketing campaign is a multi-channel promotion focused on a topic, occasion, or particular content material. advertising campaign thoughts are the posted content material, or occasions, that deliver your message to your target market. advertising campaigns are organized, strategized efforts to sell a specific employer intention, including raising awareness of a new product or shooting client feedback.
The successful campaign first and closing establish credibility and an experience of truth and rightness in all that they do. human beings, merchandise, and thoughts all seem to be affordable, possible, ready, trustworthy, professional, and so forth. It is straightforward to simply accept what is stated as honest and tough to make accusations of mendacity or deception.
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When buying a car from a commission salesman you improve your bargaining position by:_________
When buying a car from a commission salesman you improve your bargaining position by shopping when the new model year cars have just arrived.
A sales commission is typically an amount paid to an employee upon completion of a task for the sale of a specified quantity of goods or services. employers sometimes use sales commissions as an incentive to increase employee productivity. commissions may be paid in addition to or in lieu of salary.
When you ask someone to do something or ask someone to do it, you are officially getting someone to do the work. the ministry of agriculture has commissioned a study on organic farming. You can ask them to draw something special for you.
Commissions, also known as sales commissions, are payments made to employees based on the sales they make. create invoices for free with sum up invoices. commissions are often calculated as a percentage of sales.
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A disadvantage of the direct write-off method is that bad debts expense is often not matched with sales.
a) true
b) false
The statement, a disadvantage of the direct write-off method is that bad debts expense is often not matched with sales, is true.
The direct write-off method refers to an accounting method by which uncollectible accounts receivable are written off as bad debt. The bad debts expense account is debited and accounts receivable is credited.
The disadvantages of the direct write-off method is that it violates the matching principle. This is because according to the matching principle, expenses need to be reported in the same period in which they were incurred.
Hence, a disadvantage of the direct write-off method is that bad debts expense is often not matched with sales.
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Requiring employees to scan a unique badge to enter your facility is an example of:_________
Requiring employees to scan a unique badge to enter your facility is an example of facility access controls.
An employee is a person who is paid to work for an individual or company. A worker does not have to work full time to be considered an employee. You just need to be paid for the work by your employer (the person or company that pays your wages).
You should take care of your employees as much as you take care of your customers. If you trust and value your employees, they will be more committed to serving your customers well and ultimately contributing to your company in a great way.
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If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from their ma plan. True or false?.
It is True that if a beneficiary is enrolled in a Medicare Advantage plan and they also sign up for a pdp plan, they will be automatically dropped from their Medicare Advantage (ma) plan.
Medicare Advantage (MA)
A Medicare Advantage plan is a type of health plan proposed by a private company that leases with Medicare to provide you with all your Medicare Parts A and B benefits. MA plans contain health maintenance organizations, selected provider organizations, personal fee-for-service plans, and Special Needs Plans.
Medicare Advantage PlansHealth Maintenance Organization (HMO) Plans.Preferred Provider Organization (PPO) Plans.Private Fee-for-Service (PFFS) Plans.Special Needs Plans (SNPs)Original Medicare contains Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). You can bind a separate Medicare medicine plan to get Medicare medication coverage (Part D).
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An advertising agency that specializes in one aspect of the creative process is known as?
An advertising agency that specializes in one aspect of the creative process is known as creative boutique.
Creative boutiques are those advertising agencies which specialize in creative design services. These agencies were developed because some companies always prefer to monitor their success and wanted to place advertisements on their own,
but at the same time don’t have the creative talent to produce the appropriate designs and any copy for them.
Creative boutiques are the best advertising agency for companies which know exactly what they want as well as know how those assets are implemented into their advertisements appropriately.
A creative boutique is very much smaller than a full-service agency. In this the expenses will be significantly less.
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A monopolist will never choose a price-quantity combination where price reductions cause:______
A monopolist will never choose a price-quantity combination where price reductions cause: total revenues to decrease.
A monopoly is an individual, group, or company that controls and controls the market for a particular good or service. This lack of competition and lack of alternative goods or services means that monopolists have enough power to charge high prices in the market.
The easiest way to become a monopoly is for the government to give a company the exclusive right to provide goods or services. State-created monopolies are designed to create economies of scale that benefit consumers by keeping costs down.
The advantage of a monopoly is that it guarantees a steady supply of goods that are too expensive to offer in a competitive market. The disadvantages of monopolies include fixed prices, inferior products, lack of incentives to innovate, and high costs.
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In economic theory, demand refers to the various amounts of goods or services that consumers are willing to buy over a specified time period __________
Simply said, demand is the amount of a good or service that consumers are willing and able to purchase at a specific price within a specific time frame. In an economy, people purchase commodities and services to fulfil their needs for things like food, medical care, clothing, entertainment, shelter, etc.
One of the fundamental concepts in microeconomics is the notion of demand. It seeks to address fundamental issues such as how desperately people desire goods and how pleasure and income levels affect demand (utility). Companies change the supply they offer and the pricing they charge based on how useful consumers view the commodities and services to be.
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What are specific factors that can limit options, including budget, delivery dates, available skilled resources, and organizational policies?
Project constraints are specific factors that can limit options, including a budget, delivery dates, available skilled resources, and organizational policies.
What are Project constraints?
Your project may be limited by project constraints, which can have an impact on the project's overall performance, quality, and delivery. There may be up to 19 project restrictions to take into account, such as available resources, project approach, and client satisfaction.
What are common project assumptions?
All the material and human resources you require to finish the project will be available to you. Members of the project team will have access to the tools they require, such as specialized machinery and software as well as energy during business hours, to successfully execute their specific jobs.
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During the period of 1986-1995 the failures at savings and loan institutions were caused by: Group of answer choices Creating cookie jar reserves Engaging in a Ponzi scheme Stealing $300 million from shareholders questionable home mortgage loans and risky investments
During the period 1986-1995, the failures at savings and loan institutions were caused by questionable home mortgage loans and risky investments.
Provide relevant information to two competing clients trying to win the same business. Integrity He violates the rules if the accountant deliberately misrepresents the facts while providing professional services to the client under pressure from Rhein's manager. There is a judgment subordination.
Guides members to fulfill their professional obligations and set out the basic principles of ethical and professional behavior. The principle calls for an unwavering commitment to honest behavior, at the expense of personal interests and loans institutions.
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You have a 35-year-old client who is extremely conservative and risk averse. He is an attorney who specializes in entertainment law, and his income for the next 10 years will probably be the highest of his entire career. He wants a life insurance policy that has stability and is guaranteed to be in force until age 95. What type of policy would you recommend that he purchase
The type of life insurance policy that has stability and is guaranteed to be in force until age 95 of the policyholder is known as a Whole life assurance.
What is a Whole life assurance?It is also called a ordinary life assurance and it refers to a life insurance policy that is guaranteed to remain in force for the insured's entire lifetime provided that the required premiums are paid or to the maturity date.
The main advantage of a Whole life assurance is that as long as the premiums are paid, the assured's death benefit will never expire and it is guaranteed to be paid regardless of when you die, whether that's tomorrow, in five years, 80 years or even further away.
Therefore, the whole life assurance is the type of policy i would you recommend that he purchase.
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The way to increase the profitability of a firm is to create less-expensive products. True or false?.
False
Value creation is the key to increasing a company's profitability.
What is profitability?Profit is defined as the difference between an economic entity's revenue from outputs and its opportunity costs for inputs. It is equivalent to total revenue less total costs, which include both direct and indirect costs.
How do you explain profitability?A company's profitability is determined by comparing its revenue against its outgoing costs. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.
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Quentin's 2014 net income was $5,000. no dividends were declared or paid during 2014. what was quentin's retained earnings balance on december 31, 2013?
$39,000 was Quentin's retained earnings balance on December 31, 2013.
Retained Earnings in the Beginning (December 31, 2013) =
2014 Retained Earnings - Net income =44,000-5,000 =39,000(Answer)
current Ratio = Current Assets / Current Liabilites =90,000 /72,000= 1.25
Calculating the outstanding balance is very simple. Simply divide the company's current assets by its current liabilities. Current Ratios are assets that can be converted into cash within one year, and current liabilities are liabilities expected to be repaid within one year.
current Ratio relate to the company's financial obligations to be paid within one year. A higher liquidity ratio is clearly advantageous for business. A good cash ratio is between 1.2 and 2. This means that the company has liquid assets twice as much as its liabilities to cover its liabilities.
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When buying clothes for themselves, do men prefer to shop by themselves or with a partner?
The correct option is (a) Survey.
Any systematic investigation intended to collect aggregated data, whether qualitative or quantitative, where the respondents' individual or corporate identities are of secondary importance, is referred to as a statistical survey.
A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers.
Disclaimer
For the following question statement, determine the best type of descriptive research design:
When buying clothes for themselves, do men prefer to shop by themselves or with a partner?
a. survey
b. case study
c. naturalistic observation
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When is the opportunity cost of changing your decision on a college major highest?
The opportunity cost of changing your decision on a college major highest after you have completed all but one of the credits required to complete your chosen major.
What are opportunity costs?Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions require an understanding of the possible opportunities lost when a company or person selects one investment over another. Opportunity cost is the advantage that was lost because a particular option was not selected.it is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that can help people and businesses make more lucrative decisions.
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What concerns might a gap employee working in one of its stores have because of its social stance?
There are many concerns that gap employees because of its social stance.
Gap employees may not be convinced there efforts are the one that took the organisation and making the environment a better working place. Workers have filed a problem in case of female abuse and behaviour.
The monitoring system does not guarantee a full proof security system. They have lodged more complaints about harrassment. It also shows in affectiveness in terms of operations.
The effects are made in supply chain relations only just to improve the production process but all the organisation that want its employees to work in safer environment.
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Which of the government wide commercial purchase card programs mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing?
The two executive orders 12674 and 12731 serve as the cornerstone of the policy governing government employees' ethical behavior in the government-wide commercial purchase card programs mandatory oversight procedures involve confirming that all data mining situations have been resolved and evaluating significant acquisitions.
What is ethical conduct in government?No unapproved agreements or promises of any type that aim to bind the government may be made by employees. Employees are not permitted to use their jobs for their own gain. Employees are expected to act impartially and refrain from favoritism toward any private organization or individual.
Principles of Ethical Conduct for Government Officers and Employees, Executive Order 12731 and 12674. Article 101. Each Federal employee shall respect and abide by the basic principles of ethical service as outlined in the regulations adopted in accordance with sections 201 and 301 of this order. These principles are as follows: Public service is a public trust.
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What was the name given to the transformation of the european economy as a result of changes in business procedures and increasing trade?
Commercial revolution was the name given to the transformation of the European economy as a result of changes in business procedures and increasing trade.
Why was the Commercial Revolution important?
Through trade, commerce, and investment, the Commercial Revolution aided in bringing Europe and the rest of the world closer together. It spread the influence of Europe to other nations, who then influenced Europe in terms of food, clothes, and other goods.
What were the 4 major effects of the Commercial Revolution?
An increase in overall trade is one of the most notable results of the Commercial Revolution. The globalization of banking, insurance, and investment has made many Commercial people extremely wealthy. A national economic strategy called investment was created to enhance imports and exports.
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Cory is responding to the writing prompt below. examine a department of education advertising campaign that promotes literacy. analyze the campaign to discover the target audience and the advertising techniques used. then evaluate the effectiveness of these advertising techniques. write a formal essay in which you explain how the advertising campaign effectively promotes literacy to a range of audiences. which is the best main topic for his response essay? a summary of the goals of the department of education a description of the advertising campaign’s target audience an analysis of the impact of the advertising campaign an argument for why literacy is important
Which is the best main topic for his response essay?
An analysis of the impact of the advertising campaign an argument
What is an analysis?
An analysis is a detailed explanation of the elements of something. It is a process of breaking ideas into smaller parts for the purpose of understanding it better.
With the question, and information gathered, one can conclude that the objective of the essay the student is asked to do is to:
Analyze the literacy campaign of the Department of Education through an analysis of the advertising technique of the target audience for the campaign which promotes literacy.
Advertising campaign :
An advertising campaign is a specifically designed strategy that is carried out across different mediums in order to achieve desired results such as increased brand awareness, increased sales, and improved communication within a specific market. All of this is accomplished through advertising.
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Answer:
c
Explanation:
A country's ________ shapes its product and service needs, income levels, and employment levels. quotas industrial structure raw material export economy tariffs subsistence economy
A country's industrial structure shapes its product and service needs, income levels, and employment levels. quotas industrial structure raw material export economy tariffs subsistence economy.
Industrial structure means a structure used or designed primarily for storage, assembly, lubrication, transportation, manufacturing or industrial purposes, and other related activities.
The industrial structure represents the organization of economic activity in a country and the production of human resources. Industries are usually classified into three basic types based on the stage within the production process or the type of added value added to natural resources.
Four characteristics of industry structure are particularly important to the performance of new companies in the industry: capital intensity, advertising intensity, concentration, and average company size.
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According to the classical theory of money, reducing inflation will not make workers richer because firms will increase product prices _____ each year and give workers _____ raises.
Why do monopolistically competitive firms have downward-sloping demand curves?.
Because they are the sole providers of a certain commodity or service, monopolies have downward-sloping market demand curves, which are referred to as the monopolist's demand curve. The market power of a company is determined by the form of its demand curve.
What features define monopolistic competition?Perfect competitors produce at the lowest point on their ATC, in contrast to monopolistic competitors that do not. Long-term profitability aside, monopolistic companies charge more and create less-than-ideal competition.What similarities do monopolistic and perfect competition share?Perfect competition and monopoly market structures' traits are both present in monopolistic competition.Companies have pricing management and pricing strategies in place because they sell products that vary in quality, quantity, and other characteristics.It is easy to enter and depart the sector since there are fewer restrictions to doing so.Learn more about Monopolistic competition here:
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