Author Question: Single-price monopolies maximize profit by producing the amount of output at which A) total ... (Read 118 times)

jayhills49 · **on:** Jun 29, 2018

Single-price monopolies maximize profit by producing the amount of output at which

A) total revenue is maximized.
B) price is equal to marginal cost.
C) price is equal to marginal revenue.
D) marginal revenue is equal to marginal cost.

Question 2

In the table above, if Brent maximizes his utility by consuming 3 bags of popcorn and 3 bottles of soda, then the ratio of the price of popcorn to the price of soda is expected to be

A) 1/2.
B) 5/6.
C) 6/5.
D) 2.