At the profit-maximizing level of output, a monopolist will always operate where: <span>Price is greater than marginal cost
a company that obtains a monopoly within a market will have no competition that disturbs their market share of potential customers, therefore they technically could fully determine the most acceptable price for that specific market.</span>
Answer:
The correct answer is the last option: Real output per unit of input.
Explanation:
To begin with, in the microeconomics and business management field the concept known as "productivity" refers to the measurement related to the efficiency of production of goods or services and it is most commonly expressed as a ratio of an aggregate output to a single input so therefore that this index is very important to the companies and the governments in order to understand how the production can improve and more important how can evolve regarding the machinery and the inputs that either the business or the government.
Answer: Answer is 1
Explanation:
In a market economy, a high price is a signal for producers to supply more and consumers to buy less.
Answer:
D. Triazine-resistant weeds were more likely to survive and r r.
A demand schedule illustrates the relationship between price and quantity in the format of a table.
A demand schedule generally consists of two columns. The first column shows the price of a product in ascending and descending order. The second column shows the quantity of the product which is desired or demanded at that price.
In economics, a demand schedule is defined as a table which shows the quantity demanded of a good and service at the different price levels. A demand schedule can also be graphed as a continuous demand curve on the graph chart where the Y-axis represents the price and the X-axis represents the quantity of the product or service.
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