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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The main component and key to success to Reaganomics was reduction in government spending.
<h3>What is Reaganomics?</h3>
This is the term that is used to refer to the government and the economic policies of Ronald Reagan. The purpose of the policy was to help to stimulate the United States government. The policy was contractionary in nature.
He advocated for a reduction in the way that government spent money, reduced taxes and also for less government regulations in businesses.
The result of this policy was that he helped to ensure that poverty was reduced in the country. Although it raised the levels of income inequality also in the nation.
Economics have stated that the policies of this president helped the nation to achieve great long time economic expansion.
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Food-grade lubricants must perform the same technical functions as any other lubricant: provide protection against wear, friction, corrosion and oxidation, dissipate heat and transfer power, be compatible with rubber and other sealing materials, as well as provide a sealing effect in some cases.
Answer:
The geometric shape of a CH4 molecule distributes the charges geometrically.
Explanation:
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