Answer:
this firm's price will exceed its marginal cost by $30 and its average total cost by $20.5
Explanation:
The monopolist produces where mr = mc and this happens at mr = mc = 40 and at that point price is $70 and average total cost is $49.50 and output is 4.
Therefore, this firm's price will exceed its marginal cost by:
= 70 - 40
= $30
and its average total cost by:
= 70 - 49.50
= $20.5
I’m not really sure sorry
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
A traditional economy is<span> an original economic system where traditions, customs, and beliefs shape the goods and services the economy produces, and also the the rules and manner of their distribution.</span>