For a monopolist, if price is above average total cost, the monopolist is:
- Earning positive or economic profit
<h3>What is positive profit?</h3>
A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.
So when the monopolist fixes his price above the total cost, he will earn a positive profit.
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Answer:
Part Of The Sales Agreement, Teal Includes A Provision That If Lynch Is Dissatisfied With The Product, Teal Will Grant An Allowance On The Sales Price Or Agree To Take The Product ... Question 1 of 3 < > 0.5/1 E On October 2, 2020, Teal Company sold $5,510 of its elite camping gear with a cost of 50
Explanation:
Answer:
Economic Policy in
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Explanation:
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Assuming a student pushes a 51. 5 kilogram bookshelf across a smooth floor with a net force of 67 n the acceleration is 1.30m/s².
<h3>Acceleration</h3>
Using this formula
Acceleration= Net force/Mass of bookshelf
Where:
Mass of bookshelf =51.5 kilogram
Net force =67 Newton
Let plug in the formula
Acceleration=67n/51.5 kilogram
Acceleration=1.30 m/s²
Inconclusion the acceleration is 1.30m/s².
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