Answer:
The profit maximizing output level declines by 2.5 units and the price rises by $100.
Explanation:
In a monopoly market the inverse demand curve is given as,
P = 1,200 - 40Q
The marginal cost of production of the last unit is $200.
The total revenue is
= 
= 
The marginal revenue of the last unit is
= 
= 1,200 - 80Q
At equilibrium the marginal revenue is equal to marginal price,
MR = MC
1,200 - 80Q = 200
80Q = 1,000
Q = 12.5
Putting the value of Q in the inverse demand function,
P = 
P = $700
Now, if the marginal cost rises to $400,
At equilibrium the marginal revenue is equal to marginal price,
MR = MC
1,200 - 80Q = 400
80Q = 800
Q = 10
Putting the value of Q in the inverse demand function,
P = 
P = $800
I wholeheartedly agree and think it’s practically self-evident.
Here’s an excellent example from history.
For 28 years, the Berlin Wall separated East Berlin from West Berlin and was the most heavily militarized border crossing in the Western hemisphere. In 1989, during a press conference with western media, Gunther Schabowski was handed a note explaining a change in policy governing border crossing. Several discussions took place about making a show of opening the border between East and West Germany, but nobody informed Schabowski.
At the end of the press conference, he appears to have remembered the note belatedly, and read it verbatim—which was not what was intended. When asked about when the border would open, he assumed it was immediate.
The reality of course was that East Germany had no intention of opening the border, and certainly not immediately.
Within hours, the border crossing was practically buried under thousands of East Germans eager to be reunited with their families and other loved ones after 28 years on the press conference, which had been broadcast live.
The East Germans believed what they were told: Schabowski said immediately, and they intended to go immediately.
Border guards kept calling for instructions, until finally, they relented.
Perception became reality, and the border between East and West Berlin opened, spelling the de facto end of the separation of Germany.
273 viewsView 2 Upvoters · Answer requested by Never Wong
Related Questions (More Answers Below)
Answer:
The maximum time guaranteed = 19.04 minutes.
Explanation:
From the given problem data, we have:
Let Y be the random variable which follows the normal distribution.
So,
Y ~ N(u = 15, SD = 2.4
Where, u = mean and SD = Standard Deviation
Let the maximum time guaranteed is = M
So,
P (Y > M) = 0.05 equation 1
Convert this equation 1 into standard normal variable, that is,
P(Y> M) = 0.05
1 - P(Y 
M) = 0.05
P(Y M) = 1 - 0.05
P(Y M) = 0.95
P
= 0.95
P ( Z 
) = 0.95 Equation 2
From the equation 2, we have,
= 1.644853627
1.644853627 value is from using the function of Excel
( =NORSINV(0.95)) = 1.644853627
So,
M = 1.644853627 + 2.4 + 15
M = 19.04
Hence, the maximum time guaranteed = 19.04 minutes.
Answer:d. What do you think about the new ice-cream flavor
Explanation:
An open ended question is a statement that requires a response. The response can't be yes/ no or a static response
The question What do you think about the new ice-cream flavor can't be answered with yes or no. The answer can either be I like the ice cream flavour or I don't like the ice cream flavour.
I hope my answer helps you
They have many potential <u>Entry Modes</u> at their disposal.
<h3>What is Entry Mode?</h3>
Foreign market entrance modes in international trade are the methods through which a corporation can expand its services into a non-domestic market.
Market entrance options are classified into two types: equity and non-equity. Export and commercial agreements are examples of non-equity mechanisms. Joint ventures and totally owned subsidiaries are examples of equity models. Different entrance mechanisms differ in three key ways:
- The level of danger they pose.
- Control and dedication to the resources required.
- The promised return on investment
Therefore, Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential <u>Entry Modes</u> at their disposal.
For more information on Entry Modes, refer to the given link:
brainly.com/question/17232113
#SPJ4
