Author Question: Refer to Figure 16-5. Suppose the firm represented in the diagram decides to act as a monopolist and ... (Read 46 times)

karen · **on:** Jun 29, 2018

Refer to Figure 16-5. Suppose the firm represented in the diagram decides to act as a monopolist and charge a single price. What is the profit maximizing quantity produced and what is the price charged?

A) Q = 480 units; P = 16 B) Q = 240 units; P = 28
C) Q = 560 units; P = 12 D) Q = 320 units; P = 24

Question 2

Which of the following would increase public saving?

A) an increase in transfers B) an increase in government purchases
C) an increase in taxes D) All of the above would increase public saving.