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Scorpion4ik [409]
3 years ago
10

A monopoly finds that, at its present level of output and sales, marginal revenue equals $5 and marginal cost is $4.10 which of

the following will maximize profits?
Business
1 answer:
VARVARA [1.3K]3 years ago
7 0
To determined the profit is being maximized, you need to make sure that the difference between the total revenue and total cost is greatest. So the formula we need to use in determining the maximized profit is

Profit = Total Revenue - Total Cost

Given

 TR = $5
 TC = $4.10

Solution

Profit = 5 - 4.10
          = 0.9 
The answer is 0.9. 

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Answer:

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Margin = 1%

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Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
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Answer:

The production range between 1120,000 and 150,000 is called Relevant range

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Explanation:

given data

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to find out

The production range between 1120,000 and 150,000 is called

solution

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True

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