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sergij07 [2.7K]
3 years ago
15

A monopolist's marginal cost curve shifts up, but the firm's demand curve remains the same and the firm does not shut down. Comp

ared with the condition before the increase in marginal costs, the monopolist will _____ its price and _____ its level of production.
Mathematics
1 answer:
Stells [14]3 years ago
6 0

Answer:

(1)raise, (2)decrease

Step-by-step explanation:

A monopolist's marginal cost curve shifts up, but the firm's demand curve remains the same and the firm does not shut down. Compared with the condition before the increase in marginal costs, the monopolist will <u>raise</u> its price and <u>decrease</u> its level of production.

Marginal cost is the additional cost incurred when one more unit of the output is produced. It is a J-shaped curve, which <em>initially decreases, reaches its minimum and then starts increasing.</em>

Marginal cost is an important factor in economic theory because a company that is looking to maximize its profits will produce up to the point where <em>marginal cost (MC) equals marginal revenue</em>

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On a six-day vacation, the forecast is a 70% chance of rain every day. What’s the probability that it rains every day?
docker41 [41]

Answer:

0.12 (12%)

Step-by-step explanation:

Step 1: Given data

Probability of rain every day: 70% (0.7)

Step 2: Calculate the probability that it rains every day

The probability that it rains one day is independent of the probability that it rains another day. For independent events, we can calculate the probability that it rains every day by multiplying the individual probabilities. Since the individual probabilities are equal, this is the same as raising the individual probability to the number of days.

P = 0.7⁶ = 0.12

8 0
2 years ago
What is the formula for the following geometric sequence? -5, -10, -20, -40, ... an = -5 · 2n - 1 an = -5 · (-2)n - 1 an = -2 ·
vazorg [7]
-5 * 2^{n-1}
8 0
3 years ago
The formula for the area of a regular polygon is A=1/2ap. What is the equation solved for a?
Galina-37 [17]
A= \frac{1}{2}ap \ \to \ 2A =ap \ \to \ \boxed{a= \frac{2A}{p}}
5 0
3 years ago
Read 2 more answers
A survey of 398 children given at a local elementary school showed that 175 like chocolate ice cream, 225 like pistachio ice cre
Maru [420]
225-175=50
175-50=125
125 chidren liked both chocolate and pistachio ice cream.
Check: 398-123=275
275-125=150
225-125=100
175-125=50
100+50=150
150-150=0
3 0
3 years ago
One pipe fills a barrel in 1 hour while another pipe can fill the same barrel in 2 hours. How many minutes will it take to fill
givi [52]

It will take 2/3 hour or 40 minutes to fill the tank if both pipes are used.

Let pi be pipe 1 and pi2 be pipe 2

pi = 1 / 1

pi2 = 1 / 2

together = 1/1 + 1/2 ;

3/2 time ; 2/3 hour.

It will take 2/3 hour or 40 minutes to fill the tank if both pipes are used.

Problem-solving is the act of defining a problem; figuring out the motive of the problem; identifying, prioritizing, and deciding on alternatives for a solution; and implementing an answer.

Learn more about Problem-solving here: brainly.com/question/13818690

#SPJ4

7 0
1 year ago
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