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anyanavicka [17]
3 years ago
14

True or false- a debit card is similar to a credit card because both are used as a method of buy now, pay now

Business
1 answer:
o-na [289]3 years ago
4 0
False. They may look the same but they work differently. Credit cards are issued by banks and lenders. Debit cards uses money from your own bank account to pay for purchases. Credit cards pay for purchases using money from the lender's account. 
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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.

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