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

Author Question: Refer to the figure above. If the average cost faced by the monopolist when it produces and sells ... (Read 55 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 29, 2018
Refer to the figure above. If the average cost faced by the monopolist when it produces and sells the optimal output is 4, ________.
 
  A) it makes a loss of 60
  B) it makes a loss of 120
  C) it makes a profit of 60
  D) it makes a profit of 90

Question 2

According to your authors, America's Great Depression of the 1930s was evidence of
 
  A) an unstable free market system
  B) rampant greed among entrepreneurs.
  C) a cluster or accumulation of errors.
  D) antagonistic interests among the propertied and nonpropertied classes.
  E) all of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
:D TYSM

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

The meninges. This figure illustrates the location and structure of each layer of the meninges and t The meninges. This figure illustrates the location and structure of each layer of the meninges and t
Lewis symbols,(Figure 1) Lewis symbols,(Figure 1)
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
How lateral inhibition produces contrast enhancement. (Based on Ratliff, 1972.) How lateral inhibition produces contrast enhancement. (Based on Ratliff, 1972.)
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library