Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a<u> high level of output.</u>
<h3>What is demand curve?</h3>
Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.
Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.
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Answer:
The immediate cause of World War I that made the aforementioned items come into play (alliances, imperialism, militarism, nationalism) was the assassination of Archduke Franz Ferdinand of Austria-Hungary. In June 1914, a Serbian-nationalist terrorist group called the Black Hand sent groups to assassinate the Archduke.
<h3>hope it will help u in understanding☺</h3>
Answer:
d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve
Explanation:
Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.
An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.
In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction
