A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. Refer to E
1 answer:
From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.
<h3>How do we arrive at $80?</h3>Total profit = revenue - cost
Revenue = price x number of units sold
Revenue at 20 units =
20 x9 = $180
Given that Total cost at 20 units is $100, thus,
Total Profit = 180 - 100
= $80.
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The value of the limit expression is 9, and it means that the function approaches 9, as x approaches 3.
The limit expression is given as:
This means that we determine the value of the function as x approaches 3.
So, we have:
Limit = √(3^2 + 7) + 5
Evaluate the square
Limit = √(9 + 7) + 5
Evaluate the sum
Limit = √16 + 5
Evaluate the square root
Limit = 4 + 5
Evaluate the sum
Limit = 9
Hence, the value of the limit is 9
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