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

Author Question: The peak of the total revenue curve is achieved at the point where: a. marginal revenue is the ... (Read 45 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
The peak of the total revenue curve is achieved at the point where:
 a. marginal revenue is the highest.
  b. price is the highest.
  c. marginal revenue is zero.
  d. marginal cost is zero.

Question 2

A firm, such as a public utility, which is the sole producer in a market in which the government determines prices and standards of service, is known as a(n):
 a. local monopoly.
  b. natural monopoly.
  c. regulated monopoly.
  d. oligopoly.
  e. monopolistically competitive firm.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

c


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 30, 2018
:D TYSM

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
. Calculate the net electric field at point B . Calculate the net electric field at point B
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Simple and Double Sugar

For a complete list of videos, visit our video library