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

Author Question: A monopolist spent 450 in TV commercials. Such advertisement changed the monopolist inverse demand ... (Read 43 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
A monopolist spent 450 in TV commercials. Such advertisement changed the monopolist inverse demand curve from p = 40 - q to p = 50 - q. The monopolist marginal cost is 4 and it has no fixed cost. The TV commercials
 
  A) decreased the monopolist's revenue.
  B) decreased the monopolist's profit.
  C) increased the monopolist's profit.
  D) did not affect the monopolist's profit.

Question 2

If an incumbent cannot commit and faces an identical potential entrant with relatively high fixed costs that are below the level where entry is blockaded, the incumbent will
 
  A) produce the Cournot duopolist level of output.
  B) produce the Stackelberg leader level of output.
  C) set price equal to marginal cost.
  D) produce a level of output that is greater than the Stackelberg leader level of output.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


jlmhmf

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

The Inverse-Square Law The Inverse-Square Law
Sokol (Zhire) Zmajli, aged 80, changed her name from Zhire to the male name Sokol when she was ... Sokol (Zhire) Zmajli, aged 80, changed her name from Zhire to the male name Sokol when she was ...
How to find the inverse of any function How to find the inverse of any function
The inverse-square law and its effects. Doubling your distance away from a radioactive material ... The inverse-square law and its effects. Doubling your distance away from a radioactive material ...
Derivative of Inverse Trig Function Derivative of Inverse Trig Function
Sketch a graph of the inverse of each exponential function. Sketch a graph of the inverse of each exponential function.
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library