« previous next »

Author Question: The figure above shows the demand and cost curves for a single-price monopoly. Which of the ... (Read 105 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 29, 2018
The figure above shows the demand and cost curves for a single-price monopoly. Which of the following statements is FALSE?
 
  A) To maximize its profit, the firm will set marginal revenue equal to zero by producing 12.5 units.
  B) The firm will make an economic profit.
  C) The firm is a not a natural monopoly.
  D) The firm will set price where demand is elastic.

Question 2

In the table above, the marginal product of the 5th worker is ________ units per week.
 
  A) 2
  B) 5
  C) 10
  D) 19


nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Reconstructed Australopithecus afarensis spine shows that species walked upright. Reconstructed Australopithecus afarensis spine shows that species walked upright.
Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Proteins

For a complete list of videos, visit our video library