For a monopolist, if price is above average total cost, the monopolist is:
- Earning positive or economic profit
<h3>What is positive profit?</h3>
A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.
So when the monopolist fixes his price above the total cost, he will earn a positive profit.
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The Machine Learning is known to be a textbook that was written by Tom Mitchell, McGraw Hill in the year 1997.
<h3>What is the book about?</h3>
This book is known to give student a kind of single source introduction to the scope or field of machine learning.
Note that It is said to be a kind of a well written text book that is made for advanced undergraduate, graduate students, and also it can be used by developers and researchers in regards to artificial intelligence or statistics is assumed.
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Plates at our planet's surface move because of the intense heat in the Earth's core that causes molten rock in the mantle layer to move. It moves in a pattern called a convection cell that forms when warm material rises, cools, and eventually sink down. As the cooled material sinks down, it is warmed and rises again
Poverty is defined as the scarcity or the lack of a certain amount of material, possession, or money. Poverty is a multifaceted concept, which may include social, economic, and political element.
The amount of money paid into a company by its owners is referred to as the invested capital.
<h3>What is the invested capital?</h3>
The expression 'invested capital' makes reference to the physical resources (generally cash) that is provided to a company for its development/growth.
The invested capital is a fundamental issue for the success of a company or organization, especially in the early stages of development.
The invested capital of a given company can be mathematically estimated by adding assets and subtracting liabilities, which in the economy field is known as a balance sheet.
In conclusion, the amount of money paid into a company by its owners is referred to as the invested capital.
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