This topic contains a solution. Click here to go to the answer

Author Question: A profit-maximizing monopolist will continue expanding output as long as: a. marginal revenue ... (Read 69 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
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
Answer to Question 1

a

Answer to Question 2

c




RYAN BANYAN

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


ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library