« previous next »

Author Question: A single-price monopolist will maximize profit by producing so that marginal revenue A) exceeds ... (Read 180 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
A single-price monopolist will maximize profit by producing so that marginal revenue
 
  A) exceeds marginal cost.
  B) is less than marginal cost.
  C) equals marginal cost.
  D) equals price.

Question 2

If the income elasticity of demand for spaghetti is -1.3, then spaghetti
 
  A) is a normal good.
  B) is an inferior good.
  C) has an elastic demand.
  D) is income elastic.


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

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?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

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.

Arrangement of the sarcoplasmic reticulum, transverse tubules, and myofibrils in a single skeletal m Arrangement of the sarcoplasmic reticulum, transverse tubules, and myofibrils in a single skeletal m
Single-gene inheritance tracked at the DNA level Single-gene inheritance tracked at the DNA level
The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test
Children can fast map the meanings of words in a single exposure. Children can fast map the meanings of words in a single exposure.
Single-Cell Model Single-Cell Model
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Video: Sperm Formation

For a complete list of videos, visit our video library