A monopoly's economic profits are represented by: a. (price ...

[misspop]

A monopoly's economic profits are represented by:
 a. (price minus marginal cost) times number of units sold.
  b. (price minus average cost) times number of units sold.
  c. (marginal revenue minus price) times number of units sold.
  d. (marginal cost minus price) times number of units sold.

Question 2

In cost of capital calculations, the flotation cost on new debt is usually ignored because the flotation cost percentage for large debt issues is relatively low.
 a. true
  b. false

[fdliggud]

Answer to Question 1

b

Answer to Question 2

a

[misspop]

Thanks for the timely response, appreciate it

[frankwu0507]

YES! Correct, THANKS for helping me on my review