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

Author Question: Single-price monopolies maximize profit by producing the amount of output at which A) total ... (Read 106 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
Single-price monopolies maximize profit by producing the amount of output at which
 
  A) total revenue is maximized.
  B) price is equal to marginal cost.
  C) price is equal to marginal revenue.
  D) marginal revenue is equal to marginal cost.

Question 2

In the table above, if Brent maximizes his utility by consuming 3 bags of popcorn and 3 bottles of soda, then the ratio of the price of popcorn to the price of soda is expected to be
 
  A) 1/2.
  B) 5/6.
  C) 6/5.
  D) 2.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Excellent

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
Cardiac Output Cardiac Output
Both the top and bottom pattern have the same frequency. However, the amount of on-time varies. Both the top and bottom pattern have the same frequency. However, the amount of on-time varies.
Single-serve cups of infant formula Single-serve cups of infant formula
Single nucleotide polymorphisms (SNPs) are organized into blocks that are inherited together. These Single nucleotide polymorphisms (SNPs) are organized into blocks that are inherited together. These
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: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library