A profit maximizing monopoly will produce that output for which: ...

[HCHenry]

A profit maximizing monopoly will produce that output for which:
 a. marginal revenue equals price.
  b. average cost is minimized.
  c. marginal cost is minimized.
  d. marginal cost equals marginal revenue.

Question 2

GE Appliance Division believes which of the following warrants shifting assembly of appliances back from Shanghai to Louisville, KY:.
 a. The negotiation of a two-tiered wage structure for union labor,
  b. Faster innovations when product design engineers and assembly line team leaders are located in the same place,
  c. quicker delivery to retail dealers reduce inventory storage
  d. none of the above,
  e. all of the above.

[skipfourms123]

Answer to Question 1

d

Answer to Question 2

e

[HCHenry]

Wow, this really help

[shailee]

Thanks for the timely response, appreciate it