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Author Question: For a single-price monopolist that is maximizing profit, the price is A) less than marginal ... (Read 64 times)

nramada

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  • Posts: 580
on: Jun 29, 2018
For a single-price monopolist that is maximizing profit, the price is
 
  A) less than marginal revenue.
  B) equal to marginal revenue.
  C) equal to marginal cost.
  D) greater than marginal cost.

Question 2

In the figure above, which budget line results in the most real income in terms of compact discs?
 
  A) AD
  B) BD
  C) CD
  D) Real income is equal for all three budget lines.


briseldagonzales

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

D

Answer to Question 2

C


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