Answer:
The long-run average total cost will be $11.
Explanation:
A monopolistic firm earns a normal profit in the long run. Equilibrium is achieved at the point where the marginal revenue curve is intersected by the marginal cost curve. The equilibrium output level is determined by this intersection.
The price is fixed higher than the marginal cost, the price is equal to the average total cost. This is because if the price is higher the existing firms will be having profits. This will attract potential firms in the market. The entry of new firms will lead to an increase in supply. As a result, the price will decline. This process will continue until the price level becomes equal to the average total cost and all profits are exhausted.
So, here if the price of the product is $11 and the firm is enjoying normal profits, the average total cost will also be $11.
Because when inflation levels are stable and moderate, investors have lower expectations of high market returns. Conversely, expectations rise when inflation is high.
Answer:
Following is attached the solution to each part of the given question.
I hope it will help you a lot!
Explanation:
Desire-based advertising is used to drive people to purchase items based on a desire for it. An example for desire-based advertising is to draw people in to a store based on a sale of an item that they desire. A fear-based advertisment can be for insurance. They advertise against the "what ifs" and "what could happen" if you do not hold car insurance and end up needing it.
