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

Author Question: Suppose a monopolist's demand curve lies below its average variable cost curve. The firm will: a. ... (Read 35 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
Suppose a monopolist's demand curve lies below its average variable cost curve. The firm will:
 a. earn an economic profit.
  b. stay in operation in the short-run.
  c. shut down.
  d. none of these.

Question 2

If a consumer is spending all of his/her income in a manner where MUa / Pa = MUb / Pb, then the consumer:
 a. should increase the consumption of A and decrease the consumption of B.
  b. is maximizing his/her utility.
  c. should increase the consumption of B and decrease the consumption of A.
  d. should increase the consumption of both A and B.
  e. should decrease the purchases of both A and B.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

succesfull

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
:D TYSM

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

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

The thymus gland. This gland lies in the mediastinum of the thoracic cavity, just above the heart. I The thymus gland. This gland lies in the mediastinum of the thoracic cavity, just above the heart. I
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Cost of Laptops Cost of Laptops
Average quarterly presidential approval rating, from Eisenhower to Trump Average quarterly presidential approval rating, from Eisenhower to Trump
Variable expressivity of Waardenburg syndrome Variable expressivity of Waardenburg syndrome
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library