D. All of the above
Omitting I, me, and my will make the resume more effective.
Answer:
The answer is in a perfect competition profit is maximized when marginal cost equal marginal revenue and price is equal to average revenue and marginal revenue, while in monopolist profit is maximized when marginal cost is equal to marginal revenue.
Explanation:
The firm in a perfectly competitive market is a price taker,the price in the market is determined by the market forces of demand and supply. The firm has to sell their product at the ruling market price.The demand curve facing the firm in perfectly competitive market is horizontal or perfectly elastic, profit is therefore maximized when the marginal cost is equal to average revenue and marginal revenue. The firm in the market operate at the output level in which the price and marginal revenue is equal to marginal cost. Whatever prices that change the market demand or supply will change the demand curve faced by the firm.The firm cannot do anything to this than to accept the market price and the demand curve.
In a monopoly the demand curve is identical to the demand curve of the firm, because industry demand curve is downward sloping.The monopolist can either set the price or quantity not the two.when one is determined the value of the other will be determined by the demand function. The profit maximization of the monopolist also requires that marginal cost must be equal to marginal revenue just like in the case of perfect completion.when the monopolist equates MR and MC the monopolist determines its output and the market price for the product. The revenue curve is steeper than the demand curve,because the straight line is the market demand. The firm will have to reduce The price of the product if they want to sell more of their product the unit of the product sold is the AR which is equal to the price.Therefore the AR curve of the monopolist and the perfect competition MR and AR are both identical that informed the reason why the marginal revenue curve is steeper than the demand curve for a single price monopolist.
In order to verify the quality and integrity of completes
visuals, you should NOT ask yourself the question “Is the
visual doing the job?”
<span>One needs to ensure visual and textual
flow in order to have successful integration with text involves for decisions.</span>
C. Revising is always required or at least advised
Answer:
The correct answer is B. The three main parts of a speech are the introduction, the body, and the conclusion.
Explanation:
The speech is a succession of words, expressed orally, that serve to express what we want or want to say.
Its main function has been from its origins to communicate or expose, but with the main objective of persuading its audience.
The speech is composed of three parts: introduction, body and conclusion:
-The introduction is one of the most important parts of the discourse since in this it is exposed the subject that will be treated.
Its function is to mark that the speech begins, attract the attention of the receiver, dissipate animosities, gain sympathy, set the interest of the recipient and establish the theme, thesis or objective.
-The body is the longest part since the whole theme is exposed in it: doubts and everything necessary to expose a considered justification of the idea are taken out.
-The conclusion is a strategic point, since it makes a small reflection about all of the above. The end must constitute the compendium of what has been said.
