For a monopolist, if price is above average total cost, the monopolist is:
- Earning positive or economic profit
<h3>What is positive profit?</h3>
A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.
So when the monopolist fixes his price above the total cost, he will earn a positive profit.
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Answer:
100
Explanation:
use long polynomial division
Answer:
Explanation:
We know the area of the rectangle is length * width
We also know width = length - 5
Thus area is 
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