Author Question: For the monopoly shown in the figure above, the economic profit is A) 0. B) 10. C) 40. D) ... (Read 130 times)

storky111 · **on:** Jun 29, 2018

For the monopoly shown in the figure above, the economic profit is

A) 0.
B) 10.
C) 40.
D) 100.

Question 2

The Department of Agriculture came out today with its prediction for food price next year4 to 5 percent increases on top of this year's already steep gains Eggs, dairy products and cereals are up 10 percent...

But the USDA says another big part of the American diet has seen only moderate price increases. Beef, poultry and pork will be up only 3 percent this year. Calculate Jennika's price elasticity of demand for pork if she decreases her consumption by 4 percent. A) 1.25
B) 1
C) 0.75
D) 0.66