« previous next »

Author Question: A flour mill holding exclusive contracts to 95 of the wheat in a large geographic area may operate ... (Read 96 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jul 1, 2018
A flour mill holding exclusive contracts to 95 of the wheat in a large geographic area may operate as a flour-producing monopoly locally because
 
  A) the mill has a very inelastic supply curve.
  B) the mill is a natural monopoly.
  C) the mill controls a key input.
  D) the government will declare it a monopoly.

Question 2

Suppose TC = 10 + (0.1  q2). If p = 10, the firm's profits will be
 
  A) 240.
  B) 250.
  C) 260.
  D) -10 because the firm will shut down.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

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.

Francis Thackeray holding Sterkfontein 5 (STS 5), a presumed female Australopithecus africanus. Francis Thackeray holding Sterkfontein 5 (STS 5), a presumed female Australopithecus africanus.
How to write a quadratic expression of a shaded area How to write a quadratic expression of a shaded area
From Wheat Kernel to Flour From Wheat Kernel to Flour
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
Sympatric Speciation in Wheat Sympatric Speciation in Wheat
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library