Answer: $19,800
Explanation:
The Monopolist will produce at a quantity where Marginal Revenue equals Marginal cost.
From the exhibit, that quantity is shown to be 1,100.
At that quantity, the average total cost incurred is $18.
Total Cost
= Average total cost * quantity
= 18 * 1,100
= $19,800
Answer:
b
Explanation:
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The appropriate response is Product variety. A promoting procedure in which a retailer stocks countless items. A wide assortment is utilized to attract clients searching for a variety of merchandise, however, does not imply that the retailer will offer a wide range of cycles of a particular item.
Answer: . an increase in aggregate demand and short-run aggregate supply
Explanation:
From the question, we are informed that during the 1990s, the economy of the United States was experiencing long-run economic growth, low unemployment, and a stable inflation rate.
The reason for this is due to an increase in aggregate demand and short-run aggregate supply. This two factors will lead to the long run economic growth which the United States experienced.
Answer:
Knowing what consumers want helps producers make more money.
Explanation:
The statement that best explains why producers conduct market research would be that Knowing what consumers want helps producers make more money. If the producers know exactly what the consumers want and how much then they can easily create those products knowing that they will sell every last one of them. Therefore eliminating most of the risk involved with production and generating more profit.
