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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!
What else can I help you with?
(a)Which of the following is true (A)A monopolist produces on the inelastic portion of its demand. (B)A monopolist always earns an economic profit. (C)The more inelastic the demand the closer marg?
(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.
Is it inevitable that the monopoly price is higher than the competitive price demonstrate graphycally?
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.
Will a monopoly always produce at a profit-maximizing level of output?
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.
How is a monopolist different from a perfectly competitive firm in terms of market structure and pricing behavior?
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.
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
Where could someone go to learn how to maximize their profits when they sell items online?
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.
What are profit maximization policies?
Profit maximization policies are policies established to increase the chances of more revenue. Many companies consider opportunity costs as a way to maximize profits.
What are the characteristics of business market?
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)Which of the following is true (A)A monopolist produces on the inelastic portion of its demand. (B)A monopolist always earns an economic profit. (C)The more inelastic the demand the closer marg?
(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.
Is it inevitable that the monopoly price is higher than the competitive price demonstrate graphycally?
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.
Will a monopoly always produce at a profit-maximizing level of output?
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.
What is a good way to lose my fat?
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.
How is a monopolist different from a perfectly competitive firm in terms of market structure and pricing behavior?
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.
Where should one take Nintendo DS games for a reasonable profit?
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.
How many computers can an iPhone be connected to?
It can be hooked up to as many as 5 computers :)
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
How many computers does Africa have?
87.644,00 computers in Africa.
