Author Question: Based on the information in Scenario 15.7. You should A) keep the wine in barrels. B) sell the ... (Read 73 times)

2125004343 · **on:** Jul 1, 2018

Based on the information in Scenario 15.7. You should

A) keep the wine in barrels.
B) sell the wine now, to get 18 per bottle in profit.
C) keep the wine unless you expect the price to fall below 18 per bottle.
D) keep the wine unless you expect the price to rise above 22 per bottle.
E) not do anything until you find out what the interest rate is.

Question 2

Which of the following statements about natural monopolies is true?

A) Natural monopolies are only found in the markets for natural resources (like crude oil and coal).
B) For natural monopolies, marginal cost is always below average cost.
C) For natural monopolies, average cost is always increasing.
D) Natural monopolies cannot be regulated.