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

Author Question: A profit-maximizing monopolist will continue expanding output as long as: a. marginal revenue ... (Read 21 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
A profit-maximizing monopolist will continue expanding output as long as:
 a. marginal revenue exceeds marginal cost.
  b. marginal revenue is positive.
  c. the cost of producing an additional unit exceeds the marginal revenue derived from the unit.
  d. economic profit is more than zero.

Question 2

Consumer equilibrium is a condition in which total utility cannot increase by spending more of a given budget on one good and spending ____ on another good.
 a. an equal amount
  b. more
  c. less
  d. zero


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Wow, this really help

  • Member
  • Posts:
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Features found in a long bone. Features found in a long bone.
Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Associative Long-Term Potentiation Associative Long-Term Potentiation
Profit-maximizing Chart Profit-maximizing Chart
Calculator Output Calculator Output
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library