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>
Value of x is 35°
Step-by-step explanation:
- Step 1: Since the line segment is a perpendicular bisector, the angle formed is equal to 90° and two triangles are also formed.
Find x using the property of triangles that sum of angles of a triangle is 180°
⇒ x° + 55° + 90° = 180°
⇒ x° + 145° = 180°
∴ x = 180 - 145 = 35°
Every month she deposits 20......so every year she deposits (20 * 12) = 240
y = 240x + 200
Answer: x=-4
Step-by-step explanation:
He spent a total of $48.30 bc his tip is 15% of $42 which is $6.30 so $42+$6.30 is $48.30
