Mark's dog ran 3 4 of a mile in 1 4 of an hour. Compute the unit rate from the complex fraction 3 4 1 4 miles per hour.
The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.
<h3>What is Profit?</h3>
This refers to the gain that is made on an investment where there is a healthy return on investment.
A monopoly is a type of market structure that has one seller that deals on a unique product in the market, thus dominating it and having free access to price control.
In the area of economics, profit maximization is the short-run or long-run process that is used to find out the price and input-output levels that would enable them to accrue the highest gain over a period of time.
Hence, we can see that your question is incomplete because exhibit 1 is not shown, so a general overview is given.
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This is a true statement.
A mechanical wave is a wave that is not capable of transmitting its energy through a vacuum. Mechanical waves require a medium in order to transport their energy from one location to another. A sound wave is an example of a mechanical wave. Sound waves are incapable of traveling through a vacuum.
