« previous next »

Author Question: If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal ... (Read 17 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
If the inverse demand function for a monopoly's product is p = 100 - 2Q, then the firm's marginal revenue function is
 
  A) -2.
  B) 100 - 4Q.
  C) 200 - 4Q.
  D) 200 - 2Q.

Question 2

Suppose the cost of producing two goods, x and y, can be represented as C = ax + by + cxy. If there are economies of scope, then which of the following must be TRUE?
 
  A) c > 0
  B) a + b = -c
  C) c = 0
  D) c < 0
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


joewallace

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Brain mass as a function of body mass in mammals. Brain mass as a function of body mass in mammals.
The Inverse-Square Law The Inverse-Square Law
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library