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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Correct Answer:
3rd option is the correct answer
Solution:
The zeros of the polynomial are -1,1 and 3. The multiplicity of 3 is 2. So the polynomial can be expressed as:
The y-intercept of the polynomial is -18. This means the polynomial passes through the point (0,-18). Therefore, y must be -18 when x = 0. Using these values of x and y in previous equation we get:
The final equation of the polynomial becomes:
3rd option is the correct answer
Solution:
The zeros of the polynomial are -1,1 and 3. The multiplicity of 3 is 2. So the polynomial can be expressed as:
The y-intercept of the polynomial is -18. This means the polynomial passes through the point (0,-18). Therefore, y must be -18 when x = 0. Using these values of x and y in previous equation we get:
The final equation of the polynomial becomes: