What do you think made the faculty member believe this was a Ponzi-type scheme
1 answer:
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Answer:
The amount of potassium chloride that can dissolve in water increases by 0.3 grams for every 1 degree Celsius increase in temperature.
Explanation:
Given
Required
Interpret 0.3
We make use of the following illustration to answer this question.
Let C = 1
Let C =2
Let C = 3
Notice that when the values of C increases by 1(i.e. from 1 to 2 and 2 to 3), the values of A increases by 0.3
i.e.
Hence, option D is true
The attached graph shows the required curves to be drawn. One of the curves is called the Marginal Revenue Curve.
<h3>What is a marginal revenue curve?</h3>At the market price, the marginal revenue curve is a horizontal line, suggesting completely elastic demand, and it is equal to the demand curve.
Monopoly occurs when one corporation is the exclusive vendor of a distinct product in the market.
Learn more bout marginal revenue curve at;
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Full Question:
The graph shows the market for smart rackets.
Suppose the profit-maximizing output is 160,000 smart rackets.
Draw the firm's marginal revenue curve. Label it MR.
Draw the firm's marginal cost curve. Label it MC.
Draw a point at the profit-maximizing output and price.
Draw a shape to show the firm's economic profit. Label it.
