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Author Question: To maximize its profit, the monopoly with the TR and TC curves shown in the figure above will ... (Read 71 times)

jasdeep_brar

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on: Jun 29, 2018
To maximize its profit, the monopoly with the TR and TC curves shown in the figure above will produce
 
  A) 0 units of output.
  B) 5 units of output.
  C) 15 units of output.
  D) 20 units of output.

Question 2

The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. What is the efficient quantity of steel?
 
  A) 0 tons
  B) 2 tons
  C) 4 tons
  D) 8 tons


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xthemafja

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


jasdeep_brar

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  • Posts: 569
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
Excellent

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