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marusya05 [52]
3 years ago
14

Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. Assuming that Bob is a monopolist and maximizing

his profit, which of the following statements is true?
a. The price of Bob's bison burgers will be less than Bob's marginal cost.
b. The price of Bob's bison burgers will exceed Bob's marginal cost.
c. The price of Bob's bison burgers will equal Bob's marginal cost.
d. Costs are irrelevant to Bob because he is a monopolist.
Business
2 answers:
alexdok [17]3 years ago
8 0

Answer:

B

Explanation:

It is B

AysviL [449]3 years ago
4 0

Answer:

b. The price of Bob's bison burgers will exceed Bob's marginal cost.

Explanation:

As Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. His objective is to maximized his profit as he is a monopolist. He will keep his price higher than his marginal cost to get maximum gain in the situation of monopoly. So the correct option is b. The price of Bob's bison burgers will exceed Bob's marginal cost.

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The management of time is very different in Latin American countries. It is not as important as the US. People in Latin America approach the concept of time in a more relaxed way. In Latin America, there is a more relaxed approach to time. Nothing is urgent, Things take time. Things are made at a different pace compared to the US.

And regarding individualism, Latin American people tend to prefer to be more individualistic to do things trying to get some recognition, The team concept is not as developed as in the US.

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