Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where ____.A. marginal cost equals average revenueB. marginal revenue equals average costC. average total cost equals average revenueD. marginal revenue equals marginal cost

Question

10-03-2020
Business

contestada

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where ____.A. marginal cost equals average revenueB. marginal revenue equals average costC. average total cost equals average revenueD. marginal revenue equals marginal cost

Respuesta :

Otras preguntas

EXAMPLE 4-2 What is the mass in grams of Na* (22.99 g/mol) in 25.0 g of Na SO, (142.0 g/mol)? Solution TL SO

Matching: 1. Outsiders, mostly Europeans and Americans, who lived on islands usually by being supported by the islanders. 2. People who came to convert the isla

What is important when addressing your audience?ཤUsing slangUsing indirect languageUsing concrete detailsUsing humor to illustrate your points

Explain this whole scenario in simple words:If a steady force F acting on an object of mass m increases its velocity from u to v in time delta t, the accelerati

The circular stone mound in Ireland called Newgrange has a diameter of 250 feet. A passage 62 feet long leads toward the center of the mound. Find the perpendic

What does Kant think is the fundamental principle of morality?A) Act so as to bring about the greatest possible amount of happiness.B) Act only on maxims that y

New Imperialism largely focused on colonies in _ and Asia.

Note: Answer all questions. As per the nature of the question you delimityour answer in one word, one sentence or maximum up to 30 words. Eachquestion carries 1

A subscription service mailed out 480 magazines 15% of the magazines arrived late. How many magazines arrived late

Akruti and Vibhuti were partners in a firm sharing profits in the ratio 2: 1. The balances in their capital current accounts as on 1st April, 2019 were as under

monica789412 monica789412 · Answer 1 · 2020-03-17T18:29:09+01:00

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where

D. marginal revenue equals marginal cost

Explanation:

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where

D. marginal revenue equals marginal cost
In business, the production is done at the level where marginal revenue is equals to marginal cost to maximize the output.
When the marginal revenue is greater than the marginal cost, it pays you more.
Each unit added which is sold will add more to revenue than to costs.
Marginal cost is the cost which occurs due to the increase in cost a company incurs by producing one extra unit of goods or services.