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From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.
<h3>How do we arrive at $80?</h3>
Total profit = revenue - cost
Revenue = price x number of units sold
Revenue at 20 units =
20 x9 = $180
Given that Total cost at 20 units is $100, thus,
Total Profit = 180 - 100
= $80.
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Answer:
Part Of The Sales Agreement, Teal Includes A Provision That If Lynch Is Dissatisfied With The Product, Teal Will Grant An Allowance On The Sales Price Or Agree To Take The Product ... Question 1 of 3 < > 0.5/1 E On October 2, 2020, Teal Company sold $5,510 of its elite camping gear with a cost of 50
Explanation:
Cats meow when they want to say hello or get attention