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Nookie1986 [14]
2 years ago
10

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, what should the monopol

ist do in order to maximize profits?
Business
1 answer:
Eduardwww [97]2 years ago
6 0

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at  same level  in order to maximize profits.

For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.

Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.

The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.

To know more about marginal revenue here:

brainly.com/question/13383966

#SPJ4

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Which conclusion is best supported by the data in the graph?
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8 0
3 years ago
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A store manager must decide how many rug cleaners to rent to customers. The manager estimates that the first would yield $200 a
Harrizon [31]

Answer:

The store manager must decide to buy 3

Explanation:

Given that:

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As we know that the rate of return will be: Income / Investment

So the rate of return of:

  • The first:  $200 / $500 = 0.4 = 40%
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Only three rug cleaners have the rate of return greater than the interest rate so the store manager must decide to buy 3

5 0
3 years ago
I got 100k for the balance of the investment when I did the math so how is it 98k?
ioda

Answer:

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2 years ago
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7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

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3 years ago
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Paladinen [302]

Answer:

<h3>Required:</h3>

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