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

Author Question: A monopolist will operate in the short run if which of the following is above average variable cost? ... (Read 36 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 30, 2018
Gracias!

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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 the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
Variable Gases of the Atmosphere Variable Gases of the Atmosphere
Average Precipitation Acidities and the Effects of Acid Rain Average Precipitation Acidities and the Effects of Acid Rain
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library