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:
To shield domestic production from foreign competition by raising the price of the imported commodity
The course of action that would be used to achieve this goal would be
Buying $65 billion of government bonds
<h3>How to solve for the solution</h3>
Given that the feds are wanting to stimulate the economy, there is going to be a right shift in the aggregate demand.
There would be an increase in money supply given that the feds are going to buy bonds.
<h3>The money multiplier</h3>
1/0.1= 10
<h3>Change in reserve</h3>
= $650 billion/10= $65 billion
Hence we conclude that the way of achieving the goal would be by Buying $65 billion of government bonds
Read more on money multiplier here; brainly.com/question/4412587
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Answer:
yeah I do think it's an unfair system how many people actually win? the chances of you winning are very slim thousands and even millions of people buy lottery tickets every years and just end up loosing. you end up losing more money then winning.
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