it doesn't change or it will change by 0%
For a monopolist, if price is above average total cost, the monopolist is:
- Earning positive or economic profit
<h3>What is positive profit?</h3>
A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.
So when the monopolist fixes his price above the total cost, he will earn a positive profit.
Learn more about positive profit here:
brainly.com/question/1305349
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C. They are good.
Hope it helps with whatever problem you have. :D
82.5820063 if you do that with straight math
Answer:
The curve shifts to the left if the determinant causes demand to drop. That means less of the good or service is demanded at every price.
Explanation:
That happens during a recession when buyers' incomes drop. They will buy less of everything, even though the price is the same.
