This topic contains a solution. Click here to go to the answer

Author Question: What is the drawback of forcing a natural monopolist to use a marginal cost pricing rule? A) No ... (Read 142 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
What is the drawback of forcing a natural monopolist to use a marginal cost pricing rule?
 
  A) No deadweight loss is eliminated.
  B) The firm will incur an economic loss.
  C) The gain in consumer surplus will be less than the loss in producer surplus, thus creating additional deadweight loss.
  D) None of the above answers is correct.

Question 2

The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal social benefit is
 
  A) zero.
  B) 14,000.
  C) 19,000.
  D) 16,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

B

Answer to Question 2

C




skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library