Answer:
(1)raise, (2)decrease
Step-by-step explanation:
A monopolist's marginal cost curve shifts up, but the firm's demand curve remains the same and the firm does not shut down. Compared with the condition before the increase in marginal costs, the monopolist will <u>raise</u> its price and <u>decrease</u> its level of production.
Marginal cost is the additional cost incurred when one more unit of the output is produced. It is a J-shaped curve, which <em>initially decreases, reaches its minimum and then starts increasing.</em>
Marginal cost is an important factor in economic theory because a company that is looking to maximize its profits will produce up to the point where <em>marginal cost (MC) equals marginal revenue</em>
Answer: The shirt originally cost 125 dollars.
Step-by-step explanation: The shirt on sale is 25% off. So first multiply 25 by 5 and you get 125. So 125 is the originall price. Her final cost is 25 dollars. Last step: 125 divided by 5 equals 25 dollars.
Answer:
$75
Step-by-step explanation:
let the original price be x
then,
80% of x = 60
80/100 of x = 60
therefore x = 75
5packages*7/8pounds=35/8 or 4 3/8 or 4.375 pound of fish
Answer=4 3/8 pounds of fish
