Scenario 15-4 suppose a monopolist has a demand curve that can be expressed as p=90-q. the monopolist's marginal revenue curve can be expressed as mr=90-2q. the monopolist has constant marginal costs and average total costs of $10. refer to scenario 15-4. the profit-maximizing monopolist will produce an output level of

For each example identify the most appropriate ctso

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.