The gosports company is a profit-maximizing firm with a monopoly in the production of school team pennants. the firm sells its pennants for $10 each. we can conclude that gosports is producing a level of output at which: average total cost is greater than $10. average total cost equals $10. marginal revenue equals $10. marginal cost equals marginal revenue.

Marginal cost equals marginal revenue.

Explanation:

Profit maximization states that firms must operate at a level of output where marginal costs = marginal revenue.

If the firm produces less that that, they will not be making the maximum profit because they could still produce more and make more money.

If the produces more, they will be losing money because cost will be higher than revenue.

The spot on a graph where marginal costs equal marginal revenue is the "sweet spot" where profits are maximized.

statement of owner"s equity;

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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