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Author Question: The figure above shows the demand and cost curves for a single-price monopoly. Which of the ... (Read 51 times)

penza

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

A

Answer to Question 2

C


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