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lilavasa [31]
1 year ago
14

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo

list should ________ to maximize profits.
Business
1 answer:
MatroZZZ [7]1 year ago
7 0

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.

<h3>Who is a monopolist?</h3>

monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.

It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .

Learn more about monopolist on:

brainly.com/question/13113415

#SPJ1

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Which of the following statements about economic growth is accurate? The world’s sustained economic growth has only been occurri
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Answer:

<u>The world's sustained economic growth has only been occurring over the last 300 to 400 years.</u>

<u>Explanation:</u>

It is more accurate to say that sustained economic growth occurred over the last 300 to 400 years by considering when economic data became available.

Also, we need to bear in mind that a sustained economic growth implies a measurable period of economic expansion (growth).

6 0
3 years ago
Over the next three years, a firm is expected to earn economic profits of $60000 in the first year, $50000 in the second year, a
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I believe that it is a governmental regulation of business

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3 years ago
A client has created a budget based on their customer, Lou's Luggage. They want a report that shows actuals versus budget for th
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Answer:

2. Select Lou's Luggage budget

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<u>From online research, the question and multiple choices</u>

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1. Filter by Paid status

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5. Filter by Product/Service = Specified

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Getting to Lou's luggage customer reports requires drilling down to the specifics. the system will give the reports by following the steps below.

2. Select Lou's Luggage budget

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4 0
3 years ago
A strategy to be the industry's overall low-cost provider tends to be more appealing than a differentiation or best-cost or focu
Zigmanuir [339]

The offerings of rival firms are essentially identical, standardized, commodity-like products.

<h3><u>Explanation:</u></h3>

Strategy refers to the plans that are made and executed by a firm in achieving the objectives. Niche refers to the segment of customer that is being focused by a business in selling its products and services. When any company sells its products and services at a lower cost than its competitors then it will achieve success and also will survive in the market rivalry.

Differentiation refers to the process of selling the similar products at different prices to different consumers  of different market. A strategy to overall low-cost provider of the industry tending to be more appealing when compared with the differentiation or best-cost or focus/market niche strategy when The offerings of rival firms are essentially identical, standardized, commodity-like products.

7 0
3 years ago
Julie is a hair stylist. she makes $10.25 an hour, plus $6 extra for every haircut she performs. This week she worked a total of
Natasha_Volkova [10]

Answer:

$686

Explanation:

Equation:

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4 0
2 years ago
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