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3241004551 [841]
2 years 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]2 years 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

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Answer:

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<u>Solution and Explanation:</u>

The given data is as follows:

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The problem can be solved as considering an opportunity to have an improvement of 4% in the quality.

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2 years ago
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What are two primary opportunities in safe for driving relentless improvement?
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The two primary opportunities in safe for driving relentless improvement are option A. Iteration Retrospective and option D. Inspect and Adapt workshop. Hence, the correct answers are options A. and D.; Iteration Retrospective and Inspect and Adapt workshop respectively. Read below about Iteration Retrospective.

<h3>What is Iteration Retrospective?</h3>

The Iteration Retrospective is a usual event where Agile Team members debate the results of the Iteration, review their practices, and identify ways to improve. At the end of each iteration, Agile teams that make use of ScrumXP gather for an iteration retrospective.

Therefore, the correct answers are as given above.

learn more about Iteration Retrospective:

brainly.com/question/18646796

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The complete question goes thus:

What are two SAFe primary opportunities for driving relentless improvement? (Choose two)

a) Iteration Retrospective

b) Daily Stand-up

c) Program Backlog Refinement

c) PI Planning

d) Inspect and Adapt workshop

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