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GarryVolchara [31]
3 years ago
6

Suppose a monopolist is producing a level of output such that MR > MC. What should the firm do to maximize its profits?

Business
1 answer:
NemiM [27]3 years ago
6 0

Answer:

d. The firm should increase output.

Explanation:

In the case when the monopolist wants to generate the output level in such a way when the marginal revenue is more than the marginal cost so if the firm wants to maximize its profit so it should have to increase the output as the marginal revenue would begins to reduce and it is equivalent to the marginal cost i.e. become significant in order to maximize the profit

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Extreme Adventurer, an outdoor nature magazine, marketed to potential customers who recently purchased camping equipment and fou
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potential customers who recently purchased camping equipment and four-wheel drive trucks.

Explanation:

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The Lynx Manufacturing Company produces components used in electronic toys. In fiscal year 2017, Lynx earned an accounting profi
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Answer:

The correct answer is option B.

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The accounting profit involves only explicit costs. While economic profit includes both explicit as well as implicit cost.

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= $3 million - $2.5 million

= $500,000

So, Lynx  had an economic profit of $500,000.

6 0
3 years ago
On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Al
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Answer:

Given:

On January 2, 2016:

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On March 1, 2016: Alpha reacquired 1,000 of these shares when they were trading $20 each.

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3 years ago
A regressive tax has the biggest impact on which sector of the american economy?
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A regressive tax has the biggest impact on the income of the middle-sector households. of the American economy because they are affected by the increase of the average tax rate. The regressive tax gets its large percentage from the middle sector than the high-class households with high earnings.
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