In a Monopoly market, a firm is a price maker since there are no close substitutes to the product. You are asked to find the com
pany's Proft-Maximization point. Fixed Costs remains at $1,000.00. Calculate the revenue, profit (any), and costs on the graph,
1 answer:
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Answer:
The correct options are A and C.
Step-by-step explanation:
The given functions are
We have to find to solution for the equation
The solution of the above equation is the intersection of F(x) and G(x).
From the graph it is noticed that both graph intersects each other at (0,1) and (2,4).
The x-coordinates of these points are the solutions of the given equation.
Therefore the solution of given equation are 0 and 2.
Therefore option A and C are correct.
