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

Author Question: Refer to Scenario 12.2. What is the profit maximizing price? A) 205.72 B) 240 C) 210 D) all ... (Read 20 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
Refer to Scenario 12.2. What is the profit maximizing price?
 
  A) 205.72
  B) 240
  C) 210
  D) all of the above
  E) none of the above

Question 2

Which of the following is TRUE concerning equilibrium in a monopsonistic factor market?
 
  A) The firm uses the efficient level of the input but does not maximize profit.
  B) The firm maximizes profit but does not use the efficient level of the input.
  C) The firm maximizes profit and uses the efficient level of the input.
  D) The firm either maximizes profit or uses the efficient level of the input, but it cannot do both at the same time.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


c0205847

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Profit-maximizing Chart Profit-maximizing Chart
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library