<span>The occupation of physician is more highly valued than that of bus driver and requires much more sacrifice in terms of education and training. This lead to only a handful of people could become a physician but many more could took the job as bus driver.
Since the physician is significantly 'rarer' and harder to train compared to bus driver, society reward the job with higher pay.</span>
The correct answer is C.
A monopoly is a market structure where a single firm serves the whole demand of a specific good or service. It does not face competitors, therefore, such firm has absolute market power to decide the price charged for its products.
So, the monopoly is able to charge a higher price than in a perfect competition scenario where the price would be set at the intersection betweeen the demand function and the marginal cost function.
Instead, the quantity sold in the monopoly (<u>q*) is determined by the intersection of the marginal revenue and marginal cost curves, and the monopoly price is computed by substituting q* in the expression of the demand function </u>(because the demand function relates price and quantity).
<u>The result is 15$ as the picture shows. </u>
They guy your looking for is Eli Whitney
The answer to the riddle '<span>Those who gaze at me from above will be filled with answers' is Microscope. When you look into a microscope with a sample in the slide, you will get the 'answers' you've been looking for, example, the microorganisms present in your sample. </span>
<span>According to alice rossi, women are biologically better prepared for "mothering" than men.
According to alice Rossi, the feminine nature that most women have make women more patient and make them more suitable in nurturing childrens with a sense of affection.</span>
