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Author Question: For the monopoly shown in the figure above, when it maximizes its profit the marginal cost is ... (Read 29 times)

strangeaffliction

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on: Jun 29, 2018
For the monopoly shown in the figure above, when it maximizes its profit the marginal cost is ________ per unit and the price is ________ per unit.
 
  A) 10; 30
  B) 20; 20
  C) 10; 20
  D) 30; 20.

Question 2

In the figure above, the substitution effect outweighs the income effect in all segments EXCEPT
 
  A) 0a.
  B) 0c.
  C) bc.
  D) cd.


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ong527

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

A

Answer to Question 2

D


strangeaffliction

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

jomama

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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