From the information provided, the profit-maximizing level of output will be 5 units (Option C)
<h3>What is a pure monopolist?</h3>
A market structure known as a pure monopoly occurs when there is only one supplier of a product, and there are no reasonably priced alternatives. Pure monopolies are not common.
<h3>What is the explanation for the above?</h3>
When marginal cost and marginal revenue are equal, a monopolist produces that level of output (MC=MR). This is the output that maximizes profit.
If MC > MR, then the monopolist creates an output level where the most recent output costs less than it generates income.
To put it another way, the monopolist creates the final output when marginal revenue exceeds marginal cost.
Because it will cut into the monopolist's profits, the company won't produce a good where the marginal cost is higher than the marginal revenue.
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Full Question:
Answer the question on the basis of the provided demand and cost data for a pure monopolist.
The profit-maximizing level of output will be
A) 4 units.
B) 7 units.
C) 5 units.
D) 6 units.
The answer would be D. a traffic ticket
Answer:
The price elasticity of supply is 0.0763 or 7.63%.
Explanation:
Price Elasticity of Supply shows response of quantity supplies to the price of the product supplied. Its Formula is as follow:
Price Elasticity of Supply = % change in supply / % change in price
Price Elasticity of Supply = (0.935% / 12.25%) x 100 = 7.63%
% Change in Supply = ( 100,935 - 100,000 ) /100,000 = 0.935%
% Change in Price = ( 449 - 400 ) / 400 = 12.25%
The source of this issue is workgroup information systems that have been built separately (probably out of necessity). Usually an IT department would develop interacting systems so all workgroups could share. It is so dependent on resources for information systems, hardware, software, programmers, screeners to develop a needs assessment. Someone would need to evaluate each individual system to see the similarities and differences and how it us being used. What was it developed to accomplish? Maybe integration can happen rather than starting from scratch.
