This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Changes in which of the following change the demand for capital and shifts the demand curve for ... (Read 119 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TINA

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


beccaep

  • Member
  • Posts: 535
Reply 2 on: Jun 29, 2018
Wow, this really help

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
How to solve any percent change problem How to solve any percent change problem
Normal change in sea level Normal change in sea level
The impact of climate change is greater in some areas than in others The impact of climate change is greater in some areas than in others
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library