If a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is 1,674 and total revenue is 2,000, its average profit is
A) 326.
B) 40.
C) 6.52.
D) impossible to determine without additional information.
Question 2
In a natural monopoly, throughout the range of market demand
A) marginal cost is above average total cost and pulls average total cost upward.
B) marginal cost is below average total cost and pulls average total cost downward.
C) there are diseconomies of scale.
D) average total cost is above marginal cost and pulls marginal cost upward.
The energy input and output of glycolysis.
Galaxies Forming by Combining Smaller Units
MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ...
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
A substrate and its competitive inhibitor
Excel hardware is introducing a new product on a new product line of capacity 800 units per ...