Based on the computation done, the value of the combined gross monthly income is $7630.
Since there are four weeks in a month, Joe's income will be:
= 23.50 × 40 × 4
= 3760
The value of Zola's income will be:
= 21.50 × (40 + 5) × 4
= 21.50 × 45 × 4
= 3870
Therefore, the combined gross monthly income will be;
= $3760 + $3870
= $7630
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If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, then we can expect that the industry will be a natural monopoly.
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What is Natural monopoly?</h3>
This is characterized by high infrastructural costs and other barriers which prevent entry into the market. This gives rise to a very few being involved and usually offers no competition as there is a single seller with unique types of goods and services.
This type of monopoly involves sellers having a big size and able to produce the required output for the consumers. This makes them to be self-sufficient and is characterized by the long-run average total cost curve of an industry declining and intersecting the industry demand curve which is the reason why it was chosen as the most appropriate choice.
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Use less plastic, recycle, reuse, clean water
The answer is 10, it would be from 8 to 18
