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.
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What are the advantages a market economy offers producers? (there is more than one answer)
A: minimal government intervention
B: property rights
C: monopoly of bigger companies
D: free advertising for small businesses
E: free labor
But the answer is C and D
Answer: .3 or 3/10
Explanation: The probability that her first answer is correct is 2/5. Since she got the first guess correct, now there is only 1 correct answer out of 4. There is a 3/4 chance she will get the next problem wrong
So: 2/5 x 3/4 = .3
The answer to your question is B. communicating using gestures
