machucagm01
28.08.2019 •
Business
This firm operates in a monopolistic competitive industry. when the firm maximizes its profits: a. how much output does it produce and why? b. how much do consumers pay for a unit of the good? how much does the unit cost on average to the firm? c. what is the mr curve and why it is decreasing?
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Ответ:
The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC. If the monopoly produces a lower quantity, then MR > MC at those levels of output, and the firm can make higher profits by expanding output.
Explanation:
Ответ:
d. Provided for final resolution of disputes interrupting work that contributed to the war effort.
Explanation:
Labor arbitration refers to a common reference of disputes between the executive management of a business firm (company) and labor unions to an impartial third party known as an arbitrator, for final resolution of the disputes or disagreements.
This ultimately implies that, labor arbitration provided for final resolution of disputes interrupting work that contributed to the war effort.
Basically, it comes as the last step for the resolution of disputes or disagreements with respect to collective-bargaining agreement, after every other measure to reach an agreement (settlement) have been exhausted