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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beef because beef is very important to poop and poop is important to beef and poop plus beef equald diarrhea
The sample space of the experiment is the elements in the set
The sample space {Head, Tail} and there are 2 outcomes in the sample space
<h3>How to determine the sample space?</h3>
From the complete question, the experiment is a toss of a coin
A coin has a head and a tail.
So, the sample space (S) is:
S= {Head, Tail}
The number of outcomes in the above sample space is 2
Hence, the sample space {Head, Tail} and there are 2 outcomes in the sample space
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The statement that is true of simon as an individual is; C: His annual deductible will be $800.
<h3>What is In-network Insurance?</h3>
For in - network insurance, we know the following facts;
- Charged a lower copayment rate after deductible.
- Incur a relatively low out-of-pocket amount.
- Have a relatively low annual deductible.
Now, in-network physicians help to reduce the cost of insurance to the individual and as a result, what is most likely going to happen is that Simon will have an annual deductible of $800 and is less likely that he will not pay anything after meeting this annual deductible.
The missing options are;
a. The cost of his annual physical will be 50% after deductible
b. The maximum amount that he can expect to pay out-of-pocket is $6,000.
c. His annual deductible will be $800.
d. Once he hits his annual deductible of $800, he will incur no additional costs for health care services for the rest of the calendar year.
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