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2 years ago

To maximize its profit a monopolistically competitive firm

SAT

1 answer:

Scrat [10]2 years ago

5 0

To maximize its profit a monopolistically competitive firm would set marginal revenue to be equal to marginal cost.

<h3>What is a monopolistically competitive firm?</h3>

Monopolistically competitive firm is the description of the type of firm that exists in the market that have other firms that are having and offering similar products in the market.

The products may be similar but they are not identical. As a rule this type of market has to set MR = MC.

The difference between these firms and the true Monopoly is that this kind of firmss do not have the power to curtail supply so as to increase the prices in the market so they can raise their profits.

They do not have barriers to entry and the kind of profits that are made here are what we call normal profits. They are not price takers.

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One major barrier to entry under pure monopoly arises from Diseconomies of scale quizlet

inna [77]

One major barrier to entry under pure monopoly arises from the cost of the infrastructure that would be needed for production.

<h3>What is meant by barriers to entry?</h3>

This is the term that is used to show that the market structure is very difficult to break into.

This means that there would be only very few sellers of that particular product in the market.

<h3>What is diseconomies of scale?</h3>

This term is used in economics to refer to the fact that a business or a firm would have grown to be so large in such a way that the costs per unit would have to rise.

This is the stage where the economies to scale is no longer working for this particular firm. The production of goods and services would rise so much as per the unit cost of each item.

Types of these are

infrastructure diseconomies
Pollution diseconomies

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3 0

2 years ago

A researcher randomly selects 4 fish from among 10 fish in a tank and puts each of the 4 selected fish into different containers

fredd [130]

Answer:

5040

Explanation:

Using formula of permutation, it can be done.

<em>Hope</em><em> </em><em>it</em><em> </em><em>helps</em><em>.</em>

3 0

2 years ago

B(n)=2^n A binary code word of length n is a string of 0's and 1's with n digits. For example, 1001 is a binary code word of len

Citrus2011 [14]

Answer:

The additional words is $2^n$

Explanation:

Given

$B(n) = 2^n$

Required

Determine the additional words; i.e. $B(n + 1) - B(n)$

From the given parameters, we have that;

B is a function of n

Such that;

$B(n) = 2^n$

To calculate $B(n+1)$ , we simply substitute n + 1 for n

$B(n) = 2^n$

$B(n + 1) = 2^{n + 1}$

Applying laws of indices

$B(n + 1) = 2^{n} * 2^1$

$B(n + 1) = 2^{n} * 2$

$B(n + 1) = 2(2^{n})$

Calculating Additional Binary Code;

$B(n + 1) - B(n)$

Substitute values for B(n + 1) and B(n)

$B(n + 1) - B(n) = 2(2^n) - 2^n$

Express $2^n$ as $2^ n * 1$

$B(n + 1) - B(n) = 2(2^n) - 2^n * 1$

Express 1 as $2^0$

$B(n + 1) - B(n) = 2(2^n) - 2^n * 2^0$

Factorize

$B(n + 1) - B(n) = 2^n(2 - 2^0)$

$B(n + 1) - B(n) = 2^n(2 - 1)$

$B(n + 1) - B(n) = 2^n(1)$

$B(n + 1) - B(n) = 2^n$

Hence, the additional words is $2^n$

8 0

3 years ago

May somebody help me please :(

Bas_tet [7]

Answer:

107 degrees

Explanation:

The lines intersect to create a triangle. The sum of the interior angles of a triangle is 180 degrees.

a + b+ c = 180

We deduce the unlabeled angle (in the lower right corner) by considering the line that goes from that angle to the a angle on the left side. The line itself has a 180 degree angle (on each side). And we know the exterior angle is 107 degrees... that leaves 73 for the interior angle.

We take the equation above again... by putting now the value of C (the un-named angle):

a + b + 73 = 180

We isolate the a+b part... to get a+b = 107, the same value as the exterior angle.

3 0

3 years ago

the most renewable energy source, it provides earth with 35,000 time more energy than human activity uses together

agasfer [191]

Solar energy provides with 35,000 time more energy than human activity uses together

6 0

3 years ago