As a result of the price ceiling, the monopolist will "produce more than the monopoly level of output ".
The monopolist's profit maximizing level of output is found by likening its marginal revenue with its marginal cost, which is a similar benefit maximizing condition that a splendidly focused firm uses to decide its equilibrium level of output.
Answer:
The correct answer is the world systems theory.
Explanation:
The world-systems theory is a socioeconomic theory. It was developed by sociologist Immanuel Wallerstein. According to this theory, the countries of the world can be classified into three types.
1. Core countries
2. Semi periphery countries and,
3. Periphery countries
There are countries which are powerful and control wealth and capital who exploit other less powerful and poor countries which have natural resources and labor.
The provided statement is false because when the marginal cost is greater than the average cost, then the average cost tends to rise.
<h3>What is the average cost?</h3>
The average cost is the cost per unit of a manufactured product. It is determined by dividing the total cost of production by the number of units produced.
The average cost can rise, fall, or have no effect totally depending on the relation of average cost with marginal cost. If marginal cost is higher than average cost. then average cost tends to rise whereas it falls in the reverse case. There is no change in the average cost if both of them are equal.
Therefore, the average cost rises in the scenario where it exceeds the marginal cost.
Learn more about the average cost in the related link:
brainly.com/question/26413746
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Answer:
e
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
If 11 inventories were sold, the inventory left would consist of 13 units purchased on the 2nd and 5 units the company had on the 1st
Inventory value = (13x 26) + (5 x 24) = 458
Answer:
1. Loving God above all things: Jesus just not teaching with words, but with his actions too, when he was in the desert 40 days and 40 nights without food or water, the devil tempts him for he kneels in front of the devil, I consider that was a big trial that no many humans can do, but he, strong and decided in his faith, doesn't kneel in front of the devil, demonstrating that the love to God is above the hungry, thirsty or another need of the human body (God above all things).
Explanation:
There are many examples that could show you how Jesus was the perfect human, but in this case, <em>I select the trial in the desert, because was when Jesus directly fight with the devil, showing us that despite the needs form the human body, a person can overcome the difficulties and being a good example of a servant of God</em>.
