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.
Answer:
- Exrpress understanding and explain why his/her demand is not acceptable.
Explanation:
When dealing with a <em>customer</em>, and you consider he/she is not rigth, you should be able to express your point of view in a respectful way but clearly preserving your rights. That is <em>assertiveness</em>.
You must confront him/her in a constructively way: make it clear why the claim is not correct or fair, even how it affects the your or the company's right: you undersant him/her but he/she must understand you too.
You should prevent the situation from escalating to greater proportions but you should not give in to unfair demands that involve a loss for the company.
You must be careful of any bikers who decide to take the sidewalks and of any cars that come close when you walk on the road
Answer: Kathleen
Explanation:
English Rule is that it does not matter about anyone else in the case. So long as John owes money to Kathleen, then Kathleen is the one who can claim the money.
E-commerce offers entrepreneurs an opportunity to <u>utilize the</u><u> interactive </u><u>nature of the</u><u> Internet</u><u> to help their businesses grow.</u>
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<h3><u>What Exactly Is Electronic Business (E-Business)?</u></h3>
Ecommerce is the name given to companies and individuals who conduct business online. E-commerce can operate in a range of market sectors and be performed on computers, tablets, cellphones, and other smart devices. Nearly any product or service imaginable is now available through e-commerce transactions, including books, music, airline tickets, and financial services like stock trading and online banking. It is considered a very disruptive technology result.
<u>What are the advantages and disadvantages of doing business online?</u>
The benefits of e-commerce for customers include:
- Convenience
- Increased selection
- Perhaps lower startup costs
- International sales
- Easier to target customers again.
But e-commerce websites also have some disadvantages. The negatives include:
- Limited client service
- Lack of immediate gratification
- Unable to touch products
- Reliance on technology
- Greater competition.
Learn more about E-commerce with the help of the given link:
brainly.com/question/14157556
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