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

Author Question: The price charged by a monopolistic competitor for each unit of a good is 7. If it produces 5,000 ... (Read 25 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
The price charged by a monopolistic competitor for each unit of a good is 7. If it produces 5,000 units of the good at a total cost of 25,000, what is his profit?
 
  A) 8,000
  B) 10,000
  C) 7,000
  D) 35,000

Question 2

Which of the following is NOT a scarce resource?
 
  A) Gold
  B) Pollution
  C) Petroleum
  D) iPhones


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


krzymel

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Gracias!

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

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

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

The organization of mRNA as a translational unit The organization of mRNA as a translational unit
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Orientation and structure of a nephron, the functional unit of the kidney. Orientation and structure of a nephron, the functional unit of the kidney.
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library