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

Author Question: The goal of any monopolist is to maximize: a. economic profits. b. normal profits. c. price. d. ... (Read 94 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
The goal of any monopolist is to maximize:
 a. economic profits.
  b. normal profits.
  c. price.
  d. consumer welfare.
  e. output.

Question 2

If a consumer is choosing the optimal combinations of two goods X and Y, and then the price of good Y decreases, this causes:
 a. MU/P of good X to increase, so the consumer now must buy more X to find a new optimal combination.
  b. demand for good X to increase.
  c. MU/P of good Y to increase, so the consumer now must buy more Y to find a new optimal combination.
  d. MU/P of good Y to decrease, so the consumer now must buy more Y to find a new optimal combination.
  e. the demand for good X and good Y will not change.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Excellent

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

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

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Normal and sickle-cell hemoglobin. (a) Subtle differences between the conformations of hemoglobin A Normal and sickle-cell hemoglobin. (a) Subtle differences between the conformations of hemoglobin A
Normal tympanic membrane with cone of light and process of malleus Normal tympanic membrane with cone of light and process of malleus
economic question economic question
economic question economic question
economic question economic question
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Pericarditis

For a complete list of videos, visit our video library