A monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Given that monopolist will need to hire workers.
We are required to find the point up to which the monopolist will hire the workers.
Monopolist is the person or institution who has the largest power of the market means monopolist can change or influence the price according to him or his requirements.
From the definition of monopoly we can say that a monopolist will hire workers up to the point at which the wage equals the marginal revenue.
Wage is a part of cost and it is a variable cost. Variable cost is the cost which is not fixed for all the units. Variable cost increases with the increase in the units of the good.
Hence a monopolist will hire workers up to the point at which the wage equals to marginal revenue.
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Answer:
Maintenance Cost
Explanation:
Once you purchase a lunch and consume it there is no cost related to maintenance of the lunch.
A(n) <u>practice network</u> offers members focused discussion groups, help, information, and knowledge related to an area of shared practice.
The idea of the network of practice was created by John Seely Brown and Paul Duguid and is frequently referred to as NoP. This idea, which is connected to Jean Lave and Etienne Wenger's work on communities of practice, refers to the entire collection of various kinds of informal, emergent social networks that enable information sharing between people with practice-related goals.
In other words, networks of practice include electronic networks of practice as well as communities of practice where learning takes place (often referred to as virtual or electronic communities).
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She should make use of websites used by a large number of people and from where information can be shared quickly.
<u>Explanation:</u>
Since Selena Gomez has to make the people aware about a particular contest with which these people might be able to earn some lucky tickets giving them free entry to a concert, the site or the platform that should be used to make people aware about this contest or give information about it should be the one which is used by a large number of people and from where it can be shared quickly from one person to another.
For this purpose, Selena should make use of such websites for giving the information.
Hello,
The sensitivity of consumers to price changes is measured by the <span>price elasticity of demand
Hope this helps
~HotTwizzlers</span>
