Answer:
The first mover that creates a revolutionary product is in a monopoly position.
Explanation:
First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.
The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market
Answer:
a. 110,000 units
b. 128,500 units
Explanation:
a. Compute the anticipated break even sales in unit
Break even point in unit = Total fixed cost / Contribution margin
Total fixed cost = $14,300,000
Contribution margin per unit = Unit selling price - Unit variable cost
= $380 - $250
= $130
Break even point in units = $14,300,000 / $130
= 110,000 units
b. Compute sales (units) required to realize income from operations of $2,405,000
Break even point + expected profits = (total fixed costs + expected profits) / Contribution margin
° total fixed cost + expected profits
= $14,300,000 + $2,405,000
= $16,705,000
°contribution margin per unit
= $380 - $250
= $130
Break even point + expected profits in unit
= $16,705,000 / $130
= 128,500 units
Answer:
Localized economics
Explanation:
Localized economics :
Localisation implies the grouping of a specific industry in a specific region, region or area. Localisation is identified with the regional division of work, that is, specialization by regions or areas.
A specific town or district will in general have practical experience in the creation of a specific item.
These are benefits for a firm got from the nearness of firms having a place with a similar industry in a region. Urbanization economies are those advantages acquired by a firm emerging from the size of a region and the decent variety of its economy.
Answer:
What is marginal revenue when quantity is 30 ? 30?
= ($2,400 - $1,350) / (30 - 15) = $900 / 15 = $70
What is marginal cost when quantity is 60 ? 60?
= ($3,150 - $2,250) / (60 - 45) = $900 / 15 = $60
If this firm is a monopoly, at what quantity will profit be maximized?
a monopoly maximizes its accounting profit when marginal revenue = marginal cost, in this case they both equal $50 per unit when total output is 45 units
If this is a perfectly competitive market, which quantity will be produced?
a perfectly competitive firm maximizes its accounting profit when marginal revenue = marginal cost, in this case they both equal $50 per unit when total output is 45 units
Comparing monopoly to perfect competition, which statement is true?
In a monopoly, output is smaller than the perfectly competitive output. The price charged by a monopolist is also higher. This also results in lower consumer surplus with a monopoly.
Explanation:
Quantity Price Total Revenue Total Cost
15 90 1350 900
30 80 2400 1500
45 70 3150 2250
60 60 3600 3150
75 50 3750 4200
90 40 3600 5400
The marginal revenue is $70, when the quantity is 30.
The marginal cost is $60 when quantity is 60.
If this firm is a monopoly, at 450units the profit will be maximized.
In perfect competition, a firm produces where price and marginal cost both are equal. Both price and marginal cost are equal at 60 units. Comparing monopoly to perfect competition, the monopoly's price is higher. Thus, the first option is correct.
A financial ratio called the marginal revenue (MR)formula estimates the change in total revenue brought on by the sale of more goods or units. It typically slows down as output levels rise and is observed to follow the rule of diminishing returns. It is frequently shown as a graph with a declining slope.
Marginal revenue at 30 units of quantity:
= Change in Total Revenue / Change in Quantity
2400 - 1350 / 30 - 15
= $70
Marginal cost at 60 units of quantity:
= Change in Total Cost / Change in Quantity
= 3150 - 2250 / 60 - 45
= $60
If the firm is a monopoly then marginal profit will be zero at 45 units. If marginal revenue and marginal cost both are equal then marginal profit can be zero
In perfect competition, a firm produces where price and marginal cost both are equal. Both price and marginal cost are equal at 60 units
Comparing monopoly to perfect competition, the monopoly's price is higher .As in monopoly, the price at 45 units is $70 and in perfect competition, the price at 60 units is $60.
A table is attached for reference.
To learn more on marginal revenue, here:
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Answer:
Break-even point in units= 2,000
Explanation:
Giving the following information:
Fixed costs= $6,000
Selling price= $6 each
Unitary variable cost= $3
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 6,000 / 3
Break-even point in units= 2,000
Compute Radar’s additional income (ignore taxes) if it accepts this order.
Answer:
Radar's additional income for accepting the order is calculated as follows:
Sales - 320 x $460 = $147,200
less Cost of Sales = 320 x $180 + $48,000 = $105,600
Additional Income = $41,600
Explanation:
The additional income of $41,600 is $147,200 - $105,600, which is the result of deducting cost of sales from Sales.
The cost of sales includes the variable cost per bike, including the incremental fixed costs ($48,000) to make this order.
To make a decision whether to accept an order or not, the company needs to consider all variable costs, including the incremental fixed costs. The resulting additional income is what is available to offset the fixed costs.
Answer: A) peer-to-peer streaming
Explanation: Peer-to-Peer streaming is one of the most popular media applications over the internet in recent times and it is a part of business models employed in the online music industry. These systems reduce the load on the server and provide a scalable content distribution and as such, partitions tasks or workloads between peers (equally privileged, participants who make a portion of their resources directly available to other network participants, without the need for central coordination by servers or stable hosts).
All options are parts of business models in the online music industry except for 'peer-to-peer streaming', which is a method of data transfer, not a business model itself.
All named options are indeed part of business models in the online music industry except for 'peer-to-peer streaming'. Let's examine each choice:
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