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

Author Question: Single-price monopolies maximize profit by producing the amount of output at which A) total ... (Read 57 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Excellent

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Several common functional groups in a single biomolecule Several common functional groups in a single biomolecule
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
(a) Monozygotic (MZ) twins result from the fertilization of a single egg by a single sperm. After on (a) Monozygotic (MZ) twins result from the fertilization of a single egg by a single sperm. After on
The consequences of a single exchange between two nonsister chromatids The consequences of a single exchange between two nonsister chromatids
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
Video: Cataract

For a complete list of videos, visit our video library