This topic contains a solution. Click here to go to the answer

Author Question: A monopolist has the market demand and marginal cost schedules given in the above table. If the ... (Read 103 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
A monopolist has the market demand and marginal cost schedules given in the above table. If the monopoly can perfectly price discriminate, what is the profit-maximizing level of output and price?
 
  What will be an ideal response?

Question 2

The law of supply states that, other things remaining the same, firms produce
 
  A) more of a good the less it costs to produce it.
  B) less of a good the more it costs to produce it.
  C) more of a good the higher its price.
  D) less of a good as the required resources become scarcer.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

As a perfectly price discriminating monopoly, the profit-maximizing level of output is 4 units and the price ranges from 22 to 16 for each unit.

Answer to Question 2

C




09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
:D TYSM


ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library