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Author Question: A monopolist will operate in the short run if which of the following is above average variable cost? ... (Read 35 times)

plus1

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on: Jun 30, 2018
A monopolist will operate in the short run if which of the following is above average variable cost?
 a. Marginal cost.
  b. Marginal revenue.
  c. Price.
  d. All of these.

Question 2

Suppose a consumer is spending all of his/her income on two goods, A and B, in a manner where MUa = 15 and MUb = 75, and the Pa = 3 and the Pb = 15, then the consumer:
 a. is maximizing his/her utility.
  b. should increase his/her purchases of B and decrease the purchases of A.
  c. should spend more money on both goods.
  d. should spend less money on both goods.
  e. should increase the purchases of A and decrease the purchases of B.


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taylorsonier

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


plus1

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
:D TYSM

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