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Lilit [14]
1 year ago
14

For a monopolist, if price is above average total cost, the monopolist is quizlet

SAT
1 answer:
Keith_Richards [23]1 year ago
4 0

For a monopolist, if price is above average total cost, the monopolist is:

  • Earning positive or economic profit

<h3>What is positive profit?</h3>

A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.

So when the monopolist fixes his price above the total cost, he will earn a positive profit.

Learn more about positive profit here:

brainly.com/question/1305349

#SPJ1

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Answer:

False is the correct answer.

Explanation:

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2 years ago
Which two of these are essential for completing an initial mortgage loan application quizlet.
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The two (2) information that are essential for completing an initial mortgage loan application include:

  1. Proof of income.
  2. Current debts and credit history.

<h2>What is a mortgage loan?</h2>

A mortgage loan can be defined as a secured loan that is typically used to finance (purchase) or maintain a property in real estate such as a land, home, etc.

<h3>The feature of a mortgage loan.</h3>

Basically, a mortgage loan is usually provided to a borrower by a mortgage lender or a financial institution (bank) while an immovable asset (collateral) is promised by the borrower to the mortgage lender in the event that payments are stopped.

During the application of a mortgage loan, the borrower uses his or her home as a collateral. Thus, these two (2) information are essential for completing an initial mortgage loan application:

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Read more on mortgage loan here: brainly.com/question/14311797

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2 years ago
15. For a random sample of n = 64, find the probability of a sample mean being
mart [117]

Answer:

0.9726

Explanation:

The computation of the probability of a sample mean is shown below:

P(\bar x < 24.3)

To find the probability first we have to determine the z score which is

z = \frac{\bar x - \mu_{\bar x}}{\sigma_{\bar x}} \\\\ = \frac{\bar x - \mu }{\frac{\sigma}{\sqrt{n} } } \\\\ = \frac{24.3 - 24}{\frac{1.25}{\sqrt{64} } }

= 1.92

Now probability is

P(\bar x < 24.3) \\\\= P(z < 1.92)

= 0.9726

Hence, the probability of the sample mean is 0.9726

We simply applied the above formulas to determined the probability of a sample mean and the same is to be considered

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