This topic contains a solution. Click here to go to the answer

Author Question: Refer to Scenario 12.2. What is the profit maximizing price? A) 205.72 B) 240 C) 210 D) all ... (Read 48 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
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
Answer to Question 1

C

Answer to Question 2

B




c0205847

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Wow, this really help


ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

For a complete list of videos, visit our video library