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Author Question: The profit-maximizing output level for a monopolist is where the: a. price is maximized. b. output ... (Read 124 times)

corkyiscool3328

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on: Jun 30, 2018
The profit-maximizing output level for a monopolist is where the:
 a. price is maximized.
  b. output sold is maximized.
  c. ATC curve is minimized.
  d. maximum efficiency is achieved.
  e. MR = MC.

Question 2

Carla is spending all her income on only two goods: apples and bananas. The price of an apple is 2 and the price of a banana is 1 . If Carla's marginal utility of an apple is 4 and her marginal utility of a banana is 3, she should consume:
 a. more apples and fewer bananas to maximize total utility.
  b. more bananas and fewer apples to maximize total utility.
  c. more apples and more bananas to maximize total utility.
  d. fewer apples and fewer bananas to maximize total utility.
  e. her current amounts of apples and bananas to maximize total utility.


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ryrychapman11

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

e

Answer to Question 2

b


corkyiscool3328

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

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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