« previous next »

Author Question: The figure above shows the demand and cost curves for a single-price monopoly. Which of the ... (Read 103 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?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Single E. coli bacterium Single E. coli bacterium
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Mobilize each metatarsal–phalangeal joint with figure-8s. Hold the tarsal just below the ... Mobilize each metatarsal–phalangeal joint with figure-8s. Hold the tarsal just below the ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Ancient fossilized single-celled organisms Ancient fossilized single-celled organisms
Video: ribosome

For a complete list of videos, visit our video library