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

Author Question: Bob's Books is the only bookstore in town. The figure above shows the demand curve for books and ... (Read 152 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Bob's Books is the only bookstore in town. The figure above shows the demand curve for books and Bob's Books' marginal revenue curve and marginal cost curve.
 
  Bob's Books maximizes its profit and sets the price of a book equal to ________ and has total annual revenue of ________. A) 40; 40,000
  B) 30; 60,000
  C) 20, 60,000
  D) 10; 40,000

Question 2

Of the following, the best example of firm that might operate in a contestable market is a
 
  A) cable TV company.
  B) wheat farmer.
  C) ship owner operating on a major waterway.
  D) private college operating in a state with many public colleges.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

beccamahon

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


pane00

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
:D TYSM

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

One indication of the remarkable transformation of Harlem is town hall meetings. This one was held ... One indication of the remarkable transformation of Harlem is town hall meetings. This one was held ...
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library