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Author Question: The price charged by a monopolistic competitor for each unit of a good is 7. If it produces 5,000 ... (Read 47 times)

krzymel

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on: Jun 29, 2018
The price charged by a monopolistic competitor for each unit of a good is 7. If it produces 5,000 units of the good at a total cost of 25,000, what is his profit?
 
  A) 8,000
  B) 10,000
  C) 7,000
  D) 35,000

Question 2

Which of the following is NOT a scarce resource?
 
  A) Gold
  B) Pollution
  C) Petroleum
  D) iPhones


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randomguy133

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


krzymel

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Reply 2 on: Jun 29, 2018
Excellent

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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