« previous next »

Author Question: A single-price monopolist will maximize profit by producing so that marginal revenue A) exceeds ... (Read 158 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
A single-price monopolist will maximize profit by producing so that marginal revenue
 
  A) exceeds marginal cost.
  B) is less than marginal cost.
  C) equals marginal cost.
  D) equals price.

Question 2

If the income elasticity of demand for spaghetti is -1.3, then spaghetti
 
  A) is a normal good.
  B) is an inferior good.
  C) has an elastic demand.
  D) is income elastic.


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Medication errors are three times higher among children and infants than with adults.

The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test
Single- and Double-Blind Procedures Single- and Double-Blind Procedures
Withdrawing Medication from Single-Dose or Multiple-Dose Vials Withdrawing Medication from Single-Dose or Multiple-Dose Vials
A single overhead camshaft engine with a timing belt that also rotates the water pump. A single overhead camshaft engine with a timing belt that also rotates the water pump.
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Glycolysis Animation

For a complete list of videos, visit our video library