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Author Question: A monopolist will operate at the quantity where: a. MR = MC and charge a price equal to marginal ... (Read 58 times)

geoffrey

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on: Jun 30, 2018
A monopolist will operate at the quantity where:
 a. MR = MC and charge a price equal to marginal revenue.
 b. MR = MC and charge a price equal to average variable cost.
 c. MR = MC and charge a price corresponding to demand at that level.
 d. MR = MC and charge a price corresponding to average total cost at that level.

Question 2

Which of the following cases exhibit increasing returns to scale?
 a. Output increases by 5 percent when inputs are increased by 6 percent.
  b. Output increases by 6 percent when inputs are increased by 5 percent.
  c. Output increases by 7 percent when inputs are increased by 7 percent.
  d. Output declines by 2 percent when inputs are increased by 1 percent.


Shshxj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

B


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