Answer:
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Answer:B.
Maria has a bachelor’s degree in chemistry. She has recently applied for a graduate program in organic chemistry. She likes to reads articles related to organic chemistry and is a member of an online community of like-minded people.
Explanation:
Answer: Demand curve and demand schedule
Explanation:
The demand curve is a representation in graph that depicts the relationship that exist between the price of a commodity and its quantity demanded over period of time. Price is on the left vertical axis and the quantity demanded for the good is on the horizontal axis.
The demand curve is downward sloping from left to the right thereby explaining the law of demand that states that price and quantity demanded are inversely related i.e when the price of a good increases, the quantity demanded decreases and vice versa.
A demand schedule is a table that depicts the quantity demanded of commodities or service at different prices over a time period. The demand schedule is usually made up of two columns with the first column listing the price of a commodity and the second column listing the quantity demanded of the product.
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>