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

Author Question: For the unregulated, single-price monopoly shown in the figure above, when its profit is maximized, ... (Read 126 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
For the unregulated, single-price monopoly shown in the figure above, when its profit is maximized, output will be
 
  A) 4 units per year and the price will be 6.
  B) 4 units per year and the price will be 4.
  C) 6 units per year and the price will be 4.
  D) None of the above answers is correct.

Question 2

For which of the following pairs of goods is the cross elasticity of demand positive?
 
  A) tennis balls and tennis rackets
  B) videotapes and laundry detergent
  C) airline trips and textbooks
  D) beef and chicken


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


BRWH

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
The eight α-helical segments (shown here as cylinders) are labeled A through H The eight α-helical segments (shown here as cylinders) are labeled A through H
In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
This depiction breaks stereotypes, but is historically accurate. Shown here is an Iroquois fort. Can ... This depiction breaks stereotypes, but is historically accurate. Shown here is an Iroquois fort. Can ...
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ... Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
Video: DNA close up Animation

For a complete list of videos, visit our video library