Answer:
Monopolist profit maximizing price
A: $3 per gallon , total output =270 Kelvins profit = $810(801/7/2 = $405
Maria's profit = $405
B. $2.5 per gallon . Kelvin's profit =$450 Maria's profit = 337.5
C = False. At the same quantity , fall in price brings fall in revenue
Cournot Nash equilibrium
Explanation:
In a monopolist market system , price are set higher than the marginal cost as the producer enjoy the dominance of the market through the production of a unique good.
At the price of $3 , change in demand =(270-225) =45 , change in revenue = ($810-$787.50)22.5 and marginal revenue = (45/22,5) = 0.5. That forms the maximizing price for a monopolist.
On the new arrangement , price drops to $2.5 , Maria's profit =(315-45/2)2.5 = $337.5 and Kelvin's = ($787.5-337.5) = $450
Cournot Nash equilibrium is business model that explains the competition among rival companies producing similar product on the level of output produced independently.
Answer:
resource acquisition
Explanation:
Based on the scenario being described it can be said that the argument for diversity best demonstrated by intel's actions would be resource acquisition. This is when a company focuses on obtaining the right resources needed to accomplish the goals and needs of a project. Which in this case are talented individuals who happen to be minority workers.
Answer:
ehejejeuywnfwwjwjwhwjegegjshshstehshstejeheteyejuw7yo was a member in its first two seasons of its own and the first team in its history to win the world series 65in 2of 2in 3733333inches the world cup is in its second season as a team that
Answer:
D.$24
Explanation:
Opportunity cost: The opportunity cost is that cost which gives the best alternative option
The computation of the total cost is shown below:
= Earning per hour + admission fee
= $15 per hour + $9
= $24
Since the question is asking for the total cost, so we consider both the costs i.e earning per hour and admission fee.
