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Author Question: A monopolistic competitor produces 1,200 units of a good at an average cost of 120 per unit. If the ... (Read 154 times)

RYAN BANYAN

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on: Jun 29, 2018
A monopolistic competitor produces 1,200 units of a good at an average cost of 120 per unit. If the price charged is 135, calculate his total profit.
 
  A) 13,500
  B) 1,100
  C) 18,000
  D) 2,000

Question 2

In economics, scarcity refers to the situation of:
 
  A) optimizing with the use of limited information.
  B) having more wants than the amount of available resources.
  C) rationing of available goods and services by the government.
  D) sellers setting the prices of their products too high for people to be able to afford them.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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elyse44

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RYAN BANYAN

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ttt030911

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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