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

Author Question: A monopolist will maximize profits by: a. setting his price as high as possible. b. setting his ... (Read 136 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 30, 2018
A monopolist will maximize profits by:
 a. setting his price as high as possible.
  b. setting his price at the level that will maximize per-unit profit.
  c. producing the output where marginal revenue equals marginal cost.
  d. producing the output where price equals marginal cost.

Question 2

The consumer equilibrium condition for two goods is achieved by equating the:
 a. marginal utility of one to the price of the other for the last dollar spent on each good.
  b. prices of both goods for the last dollar spent on each good.
  c. marginal utilities of both goods for the last dollar spent on each good.
  d. ratios of marginal utility to the price of both goods for the last dollar spent on each good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


dollx

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Modern primate study sometimes involves high-tech methods. This golden lion tamarin is having a batt Modern primate study sometimes involves high-tech methods. This golden lion tamarin is having a batt
Field research on free-living primates allows primatologists to study patterns of behavior in the se Field research on free-living primates allows primatologists to study patterns of behavior in the se
High Resolution Logo High Resolution Logo
Refraction and the Setting or Rising Sun Refraction and the Setting or Rising Sun
Permafrost: High albedo, reflects as much as 90% of the Sun’s energy Permafrost: High albedo, reflects as much as 90% of the Sun’s energy
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Stages of Mitosis - Prophase, Prometaphase, Metaphase, Anaphase & Telophase

For a complete list of videos, visit our video library