For a monopolist, if price is above average total cost, the monopolist is:
- Earning positive or economic profit
<h3>What is positive profit?</h3>
A positive profit is earned when the revenue being made surpasses what is normal on the competitive scale. The cost of production is covered and surpassed in this case.
So when the monopolist fixes his price above the total cost, he will earn a positive profit.
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Answer is C, since A deals with peripheral vision. B ia just dealing with poor vision.
This is called in physics refraction phenomenon.
It occurs when light when the light passes from one medium with density d1 to another medium with density d2. The sight of the archer travel from air to deep into water & provokes a refraction.
Answer:
-56
Explanation:
From the equation:
0.75(x + 20) = 2 + 0.5(x - 2)
Open brackets
0.75x + 15 = 2 + 0.5x - 1
Collect like terms
0.75x - 0.5x = 2 - 1 - 15
0.25x = - 14
Divide both sides by 0.25
x = -56