Work as hard as you possibly can put the phone down don't ask questions on these and study as hard as possible ;)
From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.
<h3>How do we arrive at $80?</h3>
Total profit = revenue - cost
Revenue = price x number of units sold
Revenue at 20 units =
20 x9 = $180
Given that Total cost at 20 units is $100, thus,
Total Profit = 180 - 100
= $80.
Learn more about profit at;
brainly.com/question/1078746
#SPJ1
Explanation:
hi of of the above answer ofgg if you have any questions or else I can understand the purpose of the reason for the late reply I was late of
According to C. Wright Mills, one quality of mind do all great sociologists possess is sociological imagination.
<h3>
What is sociological imagination?</h3>
Sociological imagination refers to the ability of someone to form an outlook on life through their own personal experiences as they interact with members of their society over time. This outlook they form can change based on newly acquired experiences.
You can learn more about social imagination here brainly.com/question/3927775
#SPJ1
Considering the given discrete probability distribution, it is found that there is a 0.36 = 36% probability that Hugo buys fewer than 3 packs.
<h3>What is the discrete probability distribution?</h3>
Researching on the internet, it is found that the discrete probability distribution for the number of packs that Hugo buys is given by:
The probability that he buys fewer than 3 packs is given by:
P(X < 3) = P(X = 1) + P(X = 2).
Hence:
P(X < 3) = P(X = 1) + P(X = 2) = 0.2 + 0.16 = 0.36.
There is a 0.36 = 36% probability that Hugo buys fewer than 3 packs.
More can be learned about discrete probability distributions at brainly.com/question/24855677
