« previous next »

Author Question: The figure above shows the demand and cost curves for a single-price monopoly. Which of the ... (Read 98 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?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

From space earth shows itself as a planet covered mostly by water. From space earth shows itself as a planet covered mostly by water.
A nurse shows empathy to a client. A nurse shows empathy to a client.
Children can fast map the meanings of words in a single exposure. Children can fast map the meanings of words in a single exposure.
Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ... Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ...
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 ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library