« previous next »

Author Question: The figure above shows the demand and cost curves for a single-price monopoly. Which of the ... (Read 84 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 29, 2018
The figure above shows the demand and cost curves for a single-price monopoly. Which of the following statements is FALSE?
 
  A) To maximize its profit, the firm will set marginal revenue equal to zero by producing 12.5 units.
  B) The firm will make an economic profit.
  C) The firm is a not a natural monopoly.
  D) The firm will set price where demand is elastic.

Question 2

In the table above, the marginal product of the 5th worker is ________ units per week.
 
  A) 2
  B) 5
  C) 10
  D) 19


nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Pulmonary embolism. The purple shaded section shows the area of the lung that is dying from lack of ... Pulmonary embolism. The purple shaded section shows the area of the lung that is dying from lack of ...
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ... Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ... The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ...
Comparison of a single-stranded RNA and a double-stranded DNA with their corresponding nucleobases. Comparison of a single-stranded RNA and a double-stranded DNA with their corresponding nucleobases.
Figure-8s at the knuckles of the hand. Figure-8s at the knuckles of the hand.
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library