In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.
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Who is a monopolist?</h3>
A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.
You can learn more about a monopolist here brainly.com/question/13113415
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Answer:
18 pigs to 27 goats
Explanation:
A 2:3 ratio
You can divide 18 and 27 by 9
18/9 = 2
27/9 = 3
A 2:3 ratio!
And every other one is also incorrect so select the first one
We want to minimize s(x, y) = x + y such that xy = 36.
From the constratint we have y = 36/x, so the sum can also be written as
s(x, 36/x) = x + 36/x
Differentiate s with respect to x and find the critical points of s :
1 - 36/x² = 0 ⇒ x² = 36 ⇒ x = ±6
Both x and y must be positive, so it follows that x = y = 6, which gives a minimum sum of s(6, 6) = 12.