You have bouncy balls? Lol
As a result of the price ceiling, the monopolist will "produce more than the monopoly level of output ".
The monopolist's profit maximizing level of output is found by likening its marginal revenue with its marginal cost, which is a similar benefit maximizing condition that a splendidly focused firm uses to decide its equilibrium level of output.
Answer: Service and Information.
Explanation:
The Knot provides different services that is related to planning a wedding. It also provides information for starting your life as a married couple. The different services and information offered are:
-Recommendations for several wedding related things
-Establish website that acts as a registry
-Providing information on how to begin life as a married couple
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
Learn more about Marginal revenue :
brainly.com/question/10822075
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Answer: a. an equitable distribution of the burdens and rewards that society has to offer
Explanation: In the 21st century which is a time of creativity and innovation, justice is defined as an equitable distribution of the burdens and rewards that society has to offer. It is the ideal of fairness, impartiality, etc.; the state or characteristics of being just and fair, especially with regard to the punishment of wrongdoing.
