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Author Question: Suppose we know that a monopolist is maximising its profits. Which of the following is a correct ... (Read 51 times)

sammy

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on: May 25, 2020

Question 1

For a natural monopolist, fixed costs are very ________, while marginal costs are relatively ________.
◦ high, low
◦ low, low
◦ low, high
◦ high, high

Question 2

Suppose we know that a monopolist is maximising its profits. Which of the following is a correct inference? The monopolist has
◦ equated marginal revenue and marginal cost.
◦ maximised its total revenue.
◦ maximised the difference between marginal revenue and marginal cost.
◦ set price equal to its average cost.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by sammy on May 25, 2020

wshriver

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sammy

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

tandmlomax84

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Reply 3 on: Yesterday
Excellent

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