This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is ... (Read 55 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 29, 2018
Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is WRONG?
 
  A) It maximizes total surplus in a regulated industry.
  B) The firm produces the efficient quantity.
  C) The firm's price equals its marginal cost.
  D) The firm makes an economic profit.

Question 2

In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives.
 
  A) 8
  B) 6
  C) 1 1/3
  D) 2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


kamilo84

  • Member
  • Posts: 495
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

How to perform the substitution rule with integrals (Part 1) How to perform the substitution rule with integrals (Part 1)
Evidence of natural selection: Canis lupus familiaris Evidence of natural selection: Canis lupus familiaris
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Finding the derivative using the power rule - Solutions Finding the derivative using the power rule - Solutions
To find the derivative use product rule To find the derivative use product rule
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library