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

Author Question: In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle ... (Read 86 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents
 
  A) consumer surplus.
  B) producer surplus.
  C) deadweight loss.
  D) marginal revenue.

Question 2

The above figure shows the cost curves for a perfectly competitive firm. If all firms in the market have the same cost curves and the price equals 16 per unit
 
  A) the market is in its long-run equilibrium.
  B) over time, firms will leave this market.
  C) the firm is making zero economic profit.
  D) over time, the price will fall as new firms enter the market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


plus1

  • Hero Member
  • *****
  • Posts: 676
Reply #2 on: Jun 29, 2018
Thank you :)


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Mobilize hand and wrist joints. Apply scissoring to knuckles and figure-8s to fingers. Holding the ... Mobilize hand and wrist joints. Apply scissoring to knuckles and figure-8s to fingers. Holding the ...
Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena Re-creation of Pheidias’s Huge Gold and Ivory Figure of Athena
#38.Genetically identical organisms derived from a single genetic source are #39 #38.Genetically identical organisms derived from a single genetic source are #39
The cube of insulating material shown in the figure has one corner at the origin. Each side of ... The cube of insulating material shown in the figure has one corner at the origin. Each side of ...
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library