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Based on the above, The system of equations are x + y=557, The total pages in shorter book is 245 and the total pages in longer book is 312.
<h3>What is writing?</h3>
Writing is known to be a Language writing system that act as a tool for human communication.
Note that it is one where a person uses in the depiction of a language via a system of physically written or digitally depicted symbols.
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In a centralized organization, <u>few people</u> make all the important decisions.
<h3>What is a centralized organization?</h3>
A centralized organization is an organization of people in which the few people holding the position of higher authority of the hierarchy make and take decision.
Decisions are made by a small group of people elected in a centralized organization and then communicated to a larger number of people at the lower level. The president is usually the highest hierarchy of people who make decisions.
Decision making in a centralized organization is efficient because few people are involved.
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The attached graph shows the required curves to be drawn. One of the curves is called the Marginal Revenue Curve.
<h3>What is a marginal revenue curve?</h3>
At the market price, the marginal revenue curve is a horizontal line, suggesting completely elastic demand, and it is equal to the demand curve.
Monopoly occurs when one corporation is the exclusive vendor of a distinct product in the market.
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Full Question:
The graph shows the market for smart rackets.
Suppose the profit-maximizing output is 160,000 smart rackets.
Draw the firm's marginal revenue curve. Label it MR.
Draw the firm's marginal cost curve. Label it MC.
Draw a point at the profit-maximizing output and price.
Draw a shape to show the firm's economic profit. Label it.