This topic contains a solution. Click here to go to the answer

Author Question: A price searcher faces the following demand curve: At 9, 8, 7, and 6, the quantity demanded is 10, ... (Read 81 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
A price searcher faces the following demand curve: At 9, 8, 7, and 6, the quantity demanded is 10, 20, 30, and 40 units, respectively. If the firm's marginal cost is 70 at any level of output, it would maximize net revenues by
 
  A) producing 10 units and charging 9.
  B) producing 20 units and charging 8.
  C) producing 30 units and charging 7.
  D) producing 40 units and charging 6.
  E) charging 70 plus markup.

Question 2

Joe Doakes is running for reelection. Economic theory predicts he has a strong incentive to
 
  A) heavily discount the value of all future costs of his policies.
  B) try to provide as many benefits to his constituents as possible prior to the next election day.
  C) do both A and B above.
  D) do none of the above.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

C




mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jun 29, 2018
:D TYSM


peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

For a complete list of videos, visit our video library