Answer:
The monopolist's net profit function would be:
Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:
P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):
Answer:
0.41961
Step-by-step explanation:
Line the numbers up, multiply, move the decimal five times to the left.
Answer:
HELLOOOO
Step-by-step explanation:
JUST WANTED TO SAY THAT BTS IS THE BEST IN KPOP :)
Given:
10 yards required
5 2/3 yards on hand.
We need to subtract the yards on hand from the total yards required.
First, we need to convert the mixed fraction into an improper fraction.
5 2/3 = ((5*3)+2)/3 = (15+2)/3 = 17/3
Second, we need to multiply 10 by a fraction that will give us the denominator of 3.
10 * 3/3 = (10*3)/3 = 30/3
Third, we do subtraction using our derived fractions.
30/3 - 17/3 = (30-17)/3 = 13/3
Lastly, we simplify the improper fraction. Improper fraction is a fraction whose numerator is greater than its denominator. Its simplified form is a mixed fraction.
13/3 = 4 1/3
Arliss needs to buy 4 1/3 yards more to complete the required yard length.
17. 9
18. 12
19. 16
20. 56
21. 143
22. 14
23. 27
24. 7
