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:
(5, 2), (5, 1), (2, 1), (2, 2)
Step-by-step explanation:
When rotated 90° CCW about the origin, a point is transformed by the rule ...
(x, y) ⇒ (-y, x)
Your points get transformed to ...
(2, -5) ⇒ (5, 2)
(1, -5) ⇒ (5, 1)
(1, -2) ⇒ (2, 1)
(2, -2) ⇒ (2, 2)
