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Author Question: A monopoly sets a price of 50 per unit for an item that has a marginal cost of 10. Assuming profit ... (Read 81 times)

leilurhhh

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on: Jul 1, 2018
A monopoly sets a price of 50 per unit for an item that has a marginal cost of 10. Assuming profit maximization, the implicit demand elasticity is
 
  A) -0.2.
  B) -0.8.
  C) -1.25.
  D) -5.0.

Question 2

If marginal revenue equals marginal cost, the firm is maximizing profits as long as
 
  A) the resulting profits are positive.
  B) marginal cost exceeds marginal revenue for greater levels of output.
  C) the average cost curve lies above the demand curve.
  D) All of the above are required.
Microeconomics ¦ Perloff ¦ 8th Edition
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lkanara2

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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.
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leilurhhh

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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