This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A monopolist has the market demand and marginal cost schedules given in the above table. If the ... (Read 85 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
A monopolist has the market demand and marginal cost schedules given in the above table. If the monopoly can perfectly price discriminate, what is the profit-maximizing level of output and price?
 
  What will be an ideal response?

Question 2

The law of supply states that, other things remaining the same, firms produce
 
  A) more of a good the less it costs to produce it.
  B) less of a good the more it costs to produce it.
  C) more of a good the higher its price.
  D) less of a good as the required resources become scarcer.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

As a perfectly price discriminating monopoly, the profit-maximizing level of output is 4 units and the price ranges from 22 to 16 for each unit.

Answer to Question 2

C


09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Excellent

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Latest element on the Periodic Table Latest element on the Periodic Table
Latest Periodic Table Latest Periodic Table
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
The periodic cylinder of the elements. When the periodic table is folded in such a way that the ... The periodic cylinder of the elements. When the periodic table is folded in such a way that the ...
Wood coffee table Wood coffee table
Video: Mechanics of Sound Animation

For a complete list of videos, visit our video library