A profit maximizing monopoly's total revenue is equal to; (P₃ - P₀) * Q₂
<h3>How to interpret Monopoly Curve?</h3>
Pure monopoly can raise the market price indefinitely due to the fact that the market structure is characterized by a single seller or manufacturer, selling a particular product in the market.
In a pure monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. This in-turn leads to the customers being at the mercy of the seller.
In the attached image which shows the cost and revenue structure for a Monopoly Firm Cost And Revenue($) and we see that, curve A is the demand curve, Curve B is the marginal revenue curve, curve C is the marginal cost curve and curve D is the average total cost curve.
Thus, a profit maximizing monopoly's total revenue is equal to;
(P₃ - P₀) * Q₂
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Answer:
Explanation:
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The total rent payed for the apartment =
$1,370
<h3>Calculation of move-in cost </h3>
The complete question:
How much would you pay in move-in costs for the two-bedroom hometown apartment if you pay first and last month's rent, a $185 security deposit, and a 30 percent fee to the rental agent? round to the nearest dollar
2 bedroom hometown: $515 plus utilities
$1,515 $1,370 $1,245 $855
The cost of 2 bedroom apartment = $515 ×2 = $1,030
The security deposit= $185
The rental agent fee = 30/100× 515
= 15,450/100 = $154.5
Therefore the total rent payed for the apartment
= $1,030 + $185 + $154.5
= $1,369.5
~ $1,370
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Answer:
1
Explanation:
(x-2)^2 = x equals 2 ( double roots)
(y-3)^2 = y equals 3 (double roots)
(z+4)^2 = -4 (double roots)
2 + 3 -4 =1
Answer: 3rd option: 0.23, 0.2, -0.35, -0.56
Explanation: 0.23 is 0.03 greater than 0.2 so 0.23 is first, 0.2 is 0.85 greater than -0.35, so it is the second number, and finally -0.35 is 0.21 greater than -0.56 which makes -0.35 the third number and -0.56 the last number.
Hope this helps! :)
