Answer:
The total profit is 612.5
Explanation:
First we need to find the profit maximizing quantity. Since the monopolist faces the entire demand his profit (
)equation would be
where PxQ is his revenue and 10Q is his total cost.
We can replace P in the above equation from the equation demand
Then
taking derivatives with respect to Q
then Q=17.5 and P=45.
The total profit is then 612.5
Explanation:
The skilled workforce is related to the set of skills and knowledge that an individual has accumulated and that enables him to perform some function with technical knowledge and effectiveness.
The vocation can be understood as a personal inclination for the individual to choose to pursue a profession.
Therefore, vocation and training are related in the sense that when there is a vocation, there must be training for it to be legitimized.
An example of skilled labor can be the workforce in a civil construction, where each resource and technical skills must be employed in order for the final work to take place as planned in a safe and effective manner.
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance is designed to offer protection against loss or damages to properties belonging to renters living in apartments or standalone units.
Liability coverage
You cause an accident that damages someone else's car. Provide financial protection against medical or damages claims against the policyholder if found at fault in an accident.
Health insurance
You go to the emergency room after a car accident. Take care of medical and other hospital-related expenses should the policyholder or their dependents require medical attention.
Disability Insurance
You have to take a month off from work because of a broken leg. Provide financial compensation against loss of income due to serious bodily injuries to the policyholder.
Answer:
The correct answer is A
Explanation:
Monopoly is the market structure in which there is a single seller of the product and service. And the seller enjoys the freedom and does not have any competition in the market.
So, this is the case of a monopoly market structure as there is only single seller in the state. And the government regulate the monopolies so that could protect the interest of customers and adopt the policies such as merger regulations, competition in market and breaking down the monopoly.
Therefore, the government could control the prices by price capping, in which the government set the limit on the prices of the service. And in the case of monopolies have the power set the prices above the equilibrium level. Hence, it is required to regulate the price.
Answer:
a. Is there a pain we can alleviate at an attractive price?
