1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
1 year ago
7

g If a monopolist is producing a level of output where MR exceeds MC, then it should Group of answer choices Lower its output. N

one of the Answers are Correct. Raise its price. Increase its output.
Business
1 answer:
Svet_ta [14]1 year ago
3 0

If a monopolist is producing a level of output where MR exceeds MC, then it should Increase its output.

<h3>What happens if MR exceeds MC?</h3>
  • MR is the result of the sale of an additional unit, added to TR. When an additional unit is produced, MC is added to TC.
  • Thus, TR-TC becomes maximum for greatest profit when MR=MC.
  • The producer will keep making products as long as MR is greater than MC since it will increase his earnings.
  • The monopolist will choose the level of output that maximizes profits, where MR = MC, and then set the price for that amount of output according to the market demand curve.
  • The monopolist makes a profit if the price is higher than the average cost.
  • If the marginal cost exceeds the marginal revenue, the unit is not economically viable for the company to create because it costs more than it makes.

To learn more about MR and MC refer to:

brainly.com/question/15229143

#SPJ4

You might be interested in
You own a portfolio that has $1,600 invested in Stock A and $2,700 invested in Stock B. Assume the expected returns on these sto
Rina8888 [55]

Answer:

the expected return on the portfolio is 14.77%

Explanation:

The computation of the expected return on the portfolio is shown below:

The expected return is

= ($1,600 ÷ $4,300) × 11% + ($2,700 ÷ $4,300) × 17%

= 14.767 %

= 14.77%

The $4,300 comes from

= $1,600 + $2,700

= $4,300

hence, the expected return on the portfolio is 14.77%

The same is considered

3 0
3 years ago
Seeing his son graduate from college is most likely a short-term goal for a
Reika [66]

The answer is c 28 years old

5 0
3 years ago
According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.
natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of ​​using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about  Deming here brainly.com/question/26326939

#SPJ4

5 0
2 years ago
What has the greatest potential to demotivate you and lead you to unproductive activities
Vesna [10]

Answer:

loved one putting you down

5 0
3 years ago
Read 2 more answers
An opportunity cost is the a. monetary price paid for a good or service. b. cost of finding the lowest price for a product. c. l
Bess [88]

Answer:

The opportunity cost is e. cost of a purchase or decision as measured by what is given up.

Explanation:

The opportunity cost can be defined as the cost of giving up the benefits associated with the next best alternative that is given up. It is also referred to as the loss of potential gain that is given up when one option is chosen over the other.

For example, If you have a choice of working at a company for salary of $10000 per year or starting your own business that is expected to earn $15000 per year, the opportunity cost of choosing to start your own business is the $10000 per year from the job that is given up.

6 0
3 years ago
Other questions:
  • Taussig Corp.'s bonds currently sell for $1,150. They have a 6.35% annual coupon rate and a 20-year maturity, but they can be ca
    9·1 answer
  • Service businesses employ approximately ___ percent of the u.s. work force.
    12·1 answer
  • Can anyone help me with this? I've looked for the answers but I can't seem to find them (that's not unusual, my school is online
    11·1 answer
  • For more than a thousand years, the Catholic Church required its members to abstain from meat on Fridays. Catholics customarily
    5·1 answer
  • A/An _______________ fails to meet customers’ minimal requirements, potentially costing you business, even when you perform well
    6·2 answers
  • Becoming future proof means ensuring that you _________.
    13·1 answer
  • Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins
    13·1 answer
  • Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured
    9·1 answer
  • Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has investe
    12·1 answer
  • Find the square root of 31-4√21​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!