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Author Question: A monopolist can make an economic profit in the long run because of A) the relatively elastic ... (Read 64 times)

jake

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on: Jun 29, 2018
A monopolist can make an economic profit in the long run because of
 
  A) the relatively elastic demand for its product.
  B) the relatively inelastic demand for its product.
  C) the firm's price setting behavior.
  D) barriers to entry.

Question 2

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid 100 a day. Labor costs are the only variable costs of production. What is the total cost of producing 50 bikes?
 
  A) 100
  B) 200
  C) 300
  D) 400


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amy.lauersdorf90

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


jake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

apple

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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