Answer:
You didn’t provide a list so I came up with possible answers.
Choreographer
Writer
Actor/Actress
Director
A Teamwork is affected by lack of diversity
It is essential to find the right customer. This includes background research that allows successful identifying of the target audience and then directing sales specifically to those customers.
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
Learn more about Marginal revenue :
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Answer:
this firm's price will exceed its marginal cost by $30 and its average total cost by $20.5
Explanation:
The monopolist produces where mr = mc and this happens at mr = mc = 40 and at that point price is $70 and average total cost is $49.50 and output is 4.
Therefore, this firm's price will exceed its marginal cost by:
= 70 - 40
= $30
and its average total cost by:
= 70 - 49.50
= $20.5