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: Economic
Explanation:
The question is explaining the economic importance of understanding the different cultures and how they communicate. Understanding a culture helps an investor to know the kind of product that would gain high sales in that culture, also understanding a culture would help an individual to easily be able to relate with people from that culture.
For example building a beer brewery in a country where majority of it's citizens don't take alcohol would lead to a loss in that business.
Answer:
State Universities provide degrees which raises the economy output because people have a higher education and they can get better jobs
Explanation:
The whole of a person's skills, knowledge, and other intangibles that can be used to create economic value for that person, their employer, nor their community is known as their human capital.
<h3>
Who or what is the employer?</h3>
A person who employs or places to work is known as an employer. An employer might be a company, institution, government body, agency, company, consulting firm, nonprofit organization, private firms, store, or individual.
<h3>Does 'employer' refer to 'job'?</h3>
The corporation that employs (hired) you and gives (paid) your wage is the employer; you are the employee. So, for instance, if you work at Apple, Apple is the name of your employer. You might even provide the name of the employer who knows you well.
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