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

Author Question: A monopolist will operate in the short run if which of the following is above average variable cost? ... (Read 9 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 30, 2018
A monopolist will operate in the short run if which of the following is above average variable cost?
 a. Marginal cost.
  b. Marginal revenue.
  c. Price.
  d. All of these.

Question 2

Suppose a consumer is spending all of his/her income on two goods, A and B, in a manner where MUa = 15 and MUb = 75, and the Pa = 3 and the Pb = 15, then the consumer:
 a. is maximizing his/her utility.
  b. should increase his/her purchases of B and decrease the purchases of A.
  c. should spend more money on both goods.
  d. should spend less money on both goods.
  e. should increase the purchases of A and decrease the purchases of B.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ... An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ...
How to solve a linear system when the variable is in the denominator position (Question 2 of 2) How to solve a linear system when the variable is in the denominator position (Question 2 of 2)
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Short form of amino acids Short form of amino acids
Video: Carbohydrate Metabolism: Introduction to renal processes and filtrate formation and composition

For a complete list of videos, visit our video library