The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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Answer:
rationalization: (1) the action of attempting to explain or justify behaviour or an attitude with logical reasons, even if these are not appropriate.
(2)the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.
prototyping : (1)an experimental process where design teams implement ideas into tangible forms from paper to digital.
design determination : (1) Design and determination are semantically related in aim topic. Sometimes you can use "Design" instead a noun "Determination".
Explanation:
examples:-
(1) rationalization : a person who is turned down for a date might rationalize the situation by saying they were not attracted to the other person anyway. A student might blame a poor exam score on the instructor rather than their own lack of preparation.
(2) prototyping : cognitive representation of something within a certain category. ... So if you see another dog, you could say that other dog is small (compared to your prototype), heavy, ugly, beautiful, etc.
(3) design determination : testing a new depression medication
Answer:
Distributing work among his subordinates and arranging their shifts and tasks to be performed is related most closely to controlling and analyzing performance against goals managerial function.
Explanation:
A manager is who is in charge of departments in companies, guiding the people, making decisions planning for better.
The are four functions of management in industries include distributing work among subordinates and arranging their shifts and tasks to be performed, controlling a workflow, analyzing performance against goals and leading to internal goals achievement.
Answer:
1 and 6, 3 and 4, 8 and 9, 2 and 7
Explanation:
1 and 6: For developing IR policy, roles and responsibilities for informatino security must be clearly defined
3 and 4: a single trainer working with multiple trainees is trainees receiving presentation
8 and 9: An online resource for IR can serve as a training case for staff
2 and 7: an unsual pattern in a system log can be risky for the business
United States based firms are moving manufacturing jobs overseas simply because they can get away with paying workers in foreign countries WAY less than in America. They also do not need to follow the strict labor laws and provide benefits to outsourced employees.
