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Author Question: Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is ... (Read 58 times)

kamilo84

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on: Jun 29, 2018
Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is WRONG?
 
  A) It maximizes total surplus in a regulated industry.
  B) The firm produces the efficient quantity.
  C) The firm's price equals its marginal cost.
  D) The firm makes an economic profit.

Question 2

In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives.
 
  A) 8
  B) 6
  C) 1 1/3
  D) 2


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carolinefletcherr

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


kamilo84

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kishoreddi

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Reply 3 on: Yesterday
Excellent

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