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

Author Question: If marginal revenue on the tenth unit of output equals 4 for a non-discriminating, profit-maximizing ... (Read 75 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
If marginal revenue on the tenth unit of output equals 4 for a non-discriminating, profit-maximizing monopolist, then price:
 a. equals 4.
 b. is less than 4.
 c. is greater than 4.
 d. must be equal to average total cost.

Question 2

Employers and workers in the protected industry know that the consequences of protection are principally:
 a. lower prices for their output, lower profits for owners, and lower wages for workers.
  b. higher prices for their output, lower profits for owners, and lower wages for workers.
  c. higher prices for their output, lower profits for owners, and higher wages for workers.
  d. lower prices for their output, higher profits for owners, and higher wages for workers.
  e. higher prices for their output, higher profits for owners, and higher wages for workers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


anjilletteb

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 30, 2018
Thank you :)


kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
Calcium metabolism in osteoporosis: (a) bone deposition equals bone resorption; (b) bone resorption ... Calcium metabolism in osteoporosis: (a) bone deposition equals bone resorption; (b) bone resorption ...
A functional renal unit. A functional renal unit.
A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ... A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ...
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Computer Literacy for IC3, Unit 2: Using Productivity Software, Update to Office 2013 & Windows ... Computer Literacy for IC3, Unit 2: Using Productivity Software, Update to Office 2013 & Windows ...
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library