Muthafudger find the point where MR equals MC! If you're doing it on aplia most likely it's where the dark blue line and the red line cross (400 if I'm correct...I like to think that I mean, big ego, problem?)
Alright, glad to be of help...oh, don't bow down too close to my legs, I'm mortalphobic!
(A) A monopolist produces on the inelastic portion of its demand. This is true because a monopolist maximizes profit where marginal revenue equals marginal cost, and inelastic demand allows the monopolist to raise prices without losing too many customers. However, (B) is not necessarily true, as a monopolist can incur losses in the short run, and (C) is incomplete, but typically, the more inelastic the demand, the closer marginal revenue will be to price.
Yes, it is generally inevitable that the monopoly price is higher than the competitive price. In a competitive market, many firms offer similar products, driving prices down to the marginal cost of production. In contrast, a monopolist, being the sole producer, can set prices above marginal cost by restricting output to maximize profit. Graphically, this is illustrated by a downward-sloping demand curve for the monopolist, which shows that as the monopolist raises the price, the quantity demanded decreases, leading to higher prices compared to the horizontal demand curve in perfect competition.
Most businesses aim to operate at its profit-maximizing level at all times, but many factors make this nearly impossible. For instance, if they are short on workers they wouldn't be able to maximize profits.
A monopolist is a single seller in the market, while a perfectly competitive firm is one of many sellers. A monopolist has the power to set prices, while a perfectly competitive firm is a price taker and must accept the market price. This difference in market structure leads to monopolists typically charging higher prices and producing less output compared to perfectly competitive firms.
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
There are many places where one could go to learn how to maximize their profits when they go to sell items online. There have been many books written on this subject especially for the website eBay.
Profit maximization policies are policies established to increase the chances of more revenue. Many companies consider opportunity costs as a way to maximize profits.
Characteristics of the business market include, the fact that there are many buyers and takers. Another characteristic is the fact that managers will try to make decisions that maximize profits.
(A) A monopolist produces on the inelastic portion of its demand. This is true because a monopolist maximizes profit where marginal revenue equals marginal cost, and inelastic demand allows the monopolist to raise prices without losing too many customers. However, (B) is not necessarily true, as a monopolist can incur losses in the short run, and (C) is incomplete, but typically, the more inelastic the demand, the closer marginal revenue will be to price.
Yes, it is generally inevitable that the monopoly price is higher than the competitive price. In a competitive market, many firms offer similar products, driving prices down to the marginal cost of production. In contrast, a monopolist, being the sole producer, can set prices above marginal cost by restricting output to maximize profit. Graphically, this is illustrated by a downward-sloping demand curve for the monopolist, which shows that as the monopolist raises the price, the quantity demanded decreases, leading to higher prices compared to the horizontal demand curve in perfect competition.
Most businesses aim to operate at its profit-maximizing level at all times, but many factors make this nearly impossible. For instance, if they are short on workers they wouldn't be able to maximize profits.
Many so-called "health foods" are actually cleverly disguised junk foods that can actually stimulate you to gain more belly fat... yet the diet food marketing industry continues to lie to you so they can maximize their profits.
A monopolist is a single seller in the market, while a perfectly competitive firm is one of many sellers. A monopolist has the power to set prices, while a perfectly competitive firm is a price taker and must accept the market price. This difference in market structure leads to monopolists typically charging higher prices and producing less output compared to perfectly competitive firms.
Before trying to sell them to any actual stores, try selling them online. That way, you get to set the price. Many electronics stores will try to give you the lowest price possible in order to maximize their profits.
It can be hooked up to as many as 5 computers :)
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
87.644,00 computers in Africa.