At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at same level in order to maximize profits.
For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.
Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.
The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.
To know more about marginal revenue here:
brainly.com/question/13383966
#SPJ4
Answer:
Tend and befriend strategy
Explanation:
The tend and befriend strategy involves a person reacting to a situation by seeking for support from others (befriend) or supporting others (tend).
In this scenario Debra's manager publicly reprimanded her in the department meeting.
She did not react immediately but rather sought the support of her friend. She complained for two hours with her best friend to relieve the stress.
This is an example of tend and befriend reaction to stress.
Answer:
Explanation:
c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.
The answer is 5400 because "at the end of the 4th quarter is only consists of 3 months (oct-dec). By taking the total amount you paid for all 6 months minus what you have to pay for 3 months.
