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

Author Question: The price charged by a monopolistic competitor for each unit of a good is 7. If it produces 5,000 ... (Read 54 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


krzymel

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
onions taste good onions taste good
A throttle-body injection (TBI) unit used on a GM V-6 engine. A throttle-body injection (TBI) unit used on a GM V-6 engine.
How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Flowchart illustrating how genetic information encoded in DNA produces protein Flowchart illustrating how genetic information encoded in DNA produces protein
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library