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NISA [10]
2 years ago
8

The monopoly maximizes profit by setting a. price equal to marginal revenue. b. marginal revenue equal to marginal cost. c. pric

e equal to marginal cost. d. marginal revenue equal to zero
Business
1 answer:
Ksenya-84 [330]2 years ago
3 0

(C) price equal to marginal cost.

Monopoly is a market condition with only one seller of a product where there is barriers to entry of others and presence of no substitutes.

The level of profit is maximised in a monopoly when the marginal cost equal the marginal revenue. They choose an output and price certainly without exceeding the marginal revenue. The price is greater than average revenue of the production and get the profit maximise output.

In case monopoly quantity will be lower and the price will be higher than that of a competitive firm. Marginal revenue can only be zero when the production falls or not have been started yet.

To learn more about monopoly here,

brainly.com/question/5992626

#SPJ4

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The U.S. federal government can spend money in a variety of ways. For example, the government could build a major new naval trai
Katena32 [7]

Answer: The answer is A

Explanation:

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7 0
3 years ago
Read 2 more answers
Mary Jane is a lawyer who can earn $150 per hour in her law practice. She is also an excellent carpenter who can build cabinets
yaroslaw [1]

Answer:

The answer is: A) Mary Jane has a comparative advantage in law so she should specialize in law and hire a carpenter to make her cabinets.

Explanation:

Mary Jane has a comparative advantage by working as a lawyer over working as a carpenter. As a lawyer she can earn $150 an hour.

Considering that Mary Jane is 3 times as fast as a good carpenter, her work as a carpenter could be valued as the combined work of three carpenters. But even three carpenters earn less than a lawyer; $60 an hour ($20 an hour per carpenter times 3 carpenters).

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5 0
2 years ago
Blue Spruce Company had $152,600 of net income in 2016 when the selling price per unit was $153, the variable costs per unit wer
Sonbull [250]

Answer:

12098

13127

Explanation:

Net income = revenue -  total cost

revenue = price x unit sold

total cost = variable cost + fixed cost

variable cost = variable cost per unit x unit sold

unit sold is unknown, so it would be represented with a

$152,600 = $153a - ($93a + $573,300)

$152,600 = $153a - $93a - $573,300

Collect like terms and solve for a

a = 12,098

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214,300 = $153a - $93a - $573,300

Collect like terms and solve for a

a = 13127

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