Author Question: The unregulated, single-price monopoly shown in the figure above will sell A) less than 30 ... (Read 99 times)

tth · **on:** Jun 29, 2018

The unregulated, single-price monopoly shown in the figure above will sell

A) less than 30 tickets.
B) 30 tickets.
C) 50 tickets.
D) 100 tickets.

Question 2

The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is 500 per week and total fixed costs are 600 per week. What is the total cost of producing 70 units?

A) 1,700
B) 1,900
C) 2,100
D) 2,300