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

Question

3 years ago

7

pany's Proft-Maximization point. Fixed Costs remains at $1,000.00. Calculate the revenue, profit (any), and costs on the graph,

1 answer:

rewona [7] · Answer 1 · 2022-05-08T08:06:45+03:00

rewona [7]3 years ago

3 0

ATC= TC/ Q
Avc= vc/q
Afc= Fc/ q
Mc= Change TC/ change q
Tc= vc+ fc
Vc= tc/ fc
Mr= change tr/ change q
P≠ mr