3.3 Explain the long-run profit maximising position of a monopolist. Substantiate your answer bychoosing and applying the ONE correct diagram below:PriceLRMCMCZero Economi PrufitLRATCATCEconomicprofitDARMRD=AR=PMRQuantityQuantityDIAGRAM ADIAGRAM B

Here we have to find which of the two diagrams shows the long run profit maximizing function.

Answered: 3.3 Explain the long-run profit…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...

See similar textbooks

Similar questions

The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but notnecessarily corresponding exactly to the real value.[18]Develop a reasonable argument for why the termnominal rate is used to describe the annual percentagerate of an investment account that compoundsinterest.
J 2 how does the standard devistion is used in investment analysis
Follow-up question on the Household finances: Pls. Illustrate the output path diagram. Thanks.
Show work, round to nearest 4th decimal place and no excel.
Suppose that a company has determined that a 70% experience curve accurately describes the evolution of its production costs for a new line. If the first unit costs $100 to produce, what should the 1,000th unit cost based on the experience curve?
Question 5 Does perfect competition lead to allocative and productive efficiency? Illustrate and explain.
A company forecasted demand of one of the product was 200 units in January 2020 with an increase of 10 over July month for the subsequent months up to October 2020. The Actual sales renect a 5 % lower number than the forecasted demand for each month up to June 2020 and a tog higher number than the forecasted demand forduly , August September and October 2020 The selling price per unit of the product is fwed at RO 10. What is the forecast for May 2020 using the least squares method ?A. 5415 ( Rounded olt )B. 5333 ( Rounded on )None of the given option5850 ( Rounded oft )
Liabilities for your project are $120,000, and assets are only $100,000. What is the Working Capital Ratio for your project? (2 points) Is this considered a good or bad figure and why? (2 points)
Please *recheck and provide *clear and complete step-by-step solutions in *scanned handwriting or computerized output. Thank you.
How many items should the company sell to maximize profit? (to the nearest thousand items)
The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4 30 150 R 6.15 190 90 minutes R 4.60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following: Determine the Laspeyres price index: a) 149.492 Ob) 149.367 Oc) 66.949 d) 66.893
What are the characteristics of capital expenditures, and how do they vary from operating expenditures?

SEE MORE QUESTIONS

Recommended textbooks for you

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

SEE MORE TEXTBOOKS

3.3 Explain the long-run profit maximising position of a monopolist. Substantiate your answer by choosing and applying the ONE correct diagram below: Price LRMC MC Zeo t Pru LRATC ATC Economic profit D=AR=P MR Quantity Quantity DIAGRAM A DIAGRAM B