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Author Question: Changes in which of the following change the demand for capital and shifts the demand curve for ... (Read 124 times)

beccaep

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on: Jun 29, 2018
Changes in which of the following change the demand for capital and shifts the demand curve for capital?
 
  A) current income
  B) expected future income
  C) the rental rate
  D) the marginal product of capital

Question 2

Prime Pharmaceuticals has developed a new asthma medicine, for which is has a patent. An inhaler can be produced at a constant marginal cost of 2/inhaler.
 
  The demand curve, marginal revenue curve, and marginal cost curve for this new asthma inhaler are in the figure above. With its patent giving it a monopoly for its new inhaler, if Prime Pharmaceuticals operates as a single-price monopoly, then consumer surplus is ________ and producer surplus is ________. A) zero; 64 million
  B) 32 million; 32 million
  C) 16 million; 32 million
  D) 16 million; 48 million.


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TINA

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

D

Answer to Question 2

C


beccaep

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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