« previous next »

Author Question: When a monopolist faces a fixed marginal cost of production, profit is maximized if: a. the slope ... (Read 82 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
When a monopolist faces a fixed marginal cost of production, profit is maximized if:
 a. the slope of the tangent to the total revenue curve is equal to the slope of the total cost curve.
  b. the slope of the total cost curve is 1.
  c. the marginal revenue is zero.
  d. the slope of the tangent to the total revenue curve is equal to the slope of the marginal revenue curve.

Question 2

Firms that have downward-sloping demand curves:
 a. earn positive economic profits even in the long run.
  b. produce homogeneous products.
  c. operate in a perfectly competitive market structure.
  d. enjoy monopoly or market power.
  e. are price takers.


emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

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?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Production of Saliva Production of Saliva
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
A comparison of sperm production and egg production in humans A comparison of sperm production and egg production in humans
Nonshivering heat production Nonshivering heat production
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library