« previous next »

Author Question: How will the price and output of a monopolist compare with perfect competition? a. The output of ... (Read 23 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
How will the price and output of a monopolist compare with perfect competition?
 a. The output of the monopolist will be too large and the price too high.
  b. The output of the monopolist will be too large and the price too low.
  c. The output of the monopolist will be too small and the price too high.
  d. The output of the monopolist will be too small and the price too low.

Question 2

Which statement about the total variable cost curve is true?
 a. It begins at the origin and increases before decreasing again.
  b. The total variable cost curve is the same at all levels of output.
  c. The total variable cost curve is increasing but at a decreasing rate.
  d. It begins at the origin and is always increasing.
  e. There is no such thing as a total variable cost curve.


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
Perfect logistic curves Perfect logistic curves
Biking competition in the park Biking competition in the park
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
Video: Hip Animation

For a complete list of videos, visit our video library