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

Author Question: In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle ... (Read 109 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents
 
  A) consumer surplus.
  B) producer surplus.
  C) deadweight loss.
  D) marginal revenue.

Question 2

The above figure shows the cost curves for a perfectly competitive firm. If all firms in the market have the same cost curves and the price equals 16 per unit
 
  A) the market is in its long-run equilibrium.
  B) over time, firms will leave this market.
  C) the firm is making zero economic profit.
  D) over time, the price will fall as new firms enter the market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


plus1

  • Hero Member
  • *****
  • Posts: 676
Reply #2 on: Jun 29, 2018
Thank you :)


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

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.

The vertebrate single-lens eye. The vertebrate single-lens eye.
Single bull elk are vulnerable to predation by wolves. Single bull elk are vulnerable to predation by wolves.
Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Preterm birth rates, by single and multiple births, Canada Preterm birth rates, by single and multiple births, Canada
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library