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leva [86]
3 years ago
15

Suppose the daily market demand for meat in a small town is given by

Business
1 answer:
Montano1993 [528]3 years ago
7 0

Answer:

$0.50

Explanation:

A profit-maximizing monopolist maximizes profit at the point where its marginal revenue (MR) is equal to its marginal cost (MC) (i.e. where MR = MC).

In economics, MR is equivalent to price per unit (P).

Since the profit-maximizing monopolist charged $0.50 per pound of meat, that means P = $0.50.

Since MR = P, it implies that MR = P = $0.50.

Also, since a profit-maximizing monopolist maximizes profit at MR = MC, it implies that MR = P = MC = $0.50.

Therefore, the monopolist's marginal cost must be $0.50.

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<em>Segmentation</em>

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a

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Who will be the next president?
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Answer: Check attachment

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For accrual basis income statement, revenue and expenditures are recorded when they're either earned or made.

Check the attachment for more analysis.

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