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

Author Question: A single-price monopolist produces a ________ quantity than a perfectly competitive market with the ... (Read 113 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
A single-price monopolist produces a ________ quantity than a perfectly competitive market with the same costs and charges a ________ price than the perfectly competitive market.
 
  A) greater; higher
  B) greater; lower
  C) lesser; lower
  D) lesser; higher

Question 2

Nicole is indifferent between option A, which gives her 20,000 for sure, and option B, which gives her 10,000 with probability 0.5 or 32,000 with probability 0.5. Nicole's cost of risk for option B is
 
  A) zero.
  B) 1,000.
  C) 2,000.
  D) 20,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


asmith134

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 29, 2018
Correct answers!


InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision
Giardiasis. Colorized electron micrograph of a Giardia protozoan adhering to the surface of an epith Giardiasis. Colorized electron micrograph of a Giardia protozoan adhering to the surface of an epith
Single E. coli bacterium Single E. coli bacterium
These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
Summary of DNA synthesis at a single replication fork Summary of DNA synthesis at a single replication fork
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library