The monopolist decision process involves a three-step process:1. The monopolist will select a quantity which maximizes profit.2. The monopolist will decide on what price he would charged.3. The monopolist will determine the total cost, total revenue, and profit.
Answer:
Explanation: balance per bank statement: $4,270
Add: Unpresented chqs $2,180
NSF chq $210
double posted chq $140
Less: interest earned $31
service fee $44
balance as per Cash book $ 6,725
Answer:
The correct answer is letter "E": Efficiency.
Explanation:
The American Academy of Professional Coders (AAPC) is the organization in the U.S. in charge of certifying administrative workers of the healthcare system such as <em>billers, coders, </em>and <em>practice managers</em>. The certifications the AAPC provides are <em>medical coding, medical auditing, physician practice management</em>, just to mention a few.
Within its code, the AAPC establishes five (5) principles of professional conduct which are <em>integrity, respect, commitment, competence, </em>and <em>fairness</em>. Efficiency is not one of them.
Taste of the Tropics is a company that makes fruit juices. It recently lowered the size of its premium juice brand from 64 to 52 ounce containers while maintaining the same pricing is the example of Marginal revenue.
<h3>What is marginal revenue?</h3>
Marginal revenue is the increase in income that results from the sale of one additional unit of output.
The law of diminishing returns states that while marginal revenue can remain constant for a particular quantity of output, it will eventually slow down as the output level grows.
Thus, it is an example of Marginal revenue.
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Answer:
Chris Record announced the launch of his new company LifePreneur in partnership with Peter Sorenson.
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