He will ask his brother to help him with his homework but exclude watching tv and playing video games until he finishes the homework
As a result of the price ceiling, the monopolist will "produce more than the monopoly level of output ".
The monopolist's profit maximizing level of output is found by likening its marginal revenue with its marginal cost, which is a similar benefit maximizing condition that a splendidly focused firm uses to decide its equilibrium level of output.
Answer: All of these are correct
Explanation:
Some of the the actions that businesses should take to improve trust in themselves and their brands are conducting advertising campaigns to tell why they should be trusted and also aligning their business mission with the social good.
Consumers love purchasing a product that they can trust and has a well respected brand. When the people realize that the objectives of the company align with the social good and the brand is socially responsible and looks out for them, such brands will be trusted.
Answer:
To maximize profit , the firm should shut down
Explanation:
In this question we are tasked with stating what a firm should do to maximize profits or minimize loss.
In this particular situation, what the firm should do is to shut down. why?
The reason why the firm should shut down is that the price per unit is less than the average variable cost. In the question, we can identify that the price per unit is $3 while the average variable cost is $3.50. We can see that the price per unit is less than the average variable cost from their values.
And hence to minimize loss or maximize profit, what the firm has to do is to shut down its operations
Answer:
Early adopters
Explanation:
Early adopters define to adopt a new product or technology introduced in the market place for the first customers or the new customers
Here the product or technology is the first time introduced in the market with a lot of expectations which could be in terms of sales, revenues, trust, satisfaction, etc
Therefore in the given situation, the early adopters should be chosen for the new developments in the products category
