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

Author Question: A profit-maximizing monopolist will continue expanding output as long as: a. marginal revenue ... (Read 56 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
A profit-maximizing monopolist will continue expanding output as long as:
 a. marginal revenue exceeds marginal cost.
  b. marginal revenue is positive.
  c. the cost of producing an additional unit exceeds the marginal revenue derived from the unit.
  d. economic profit is more than zero.

Question 2

Consumer equilibrium is a condition in which total utility cannot increase by spending more of a given budget on one good and spending ____ on another good.
 a. an equal amount
  b. more
  c. less
  d. zero


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Wow, this really help

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

This Black-browed Albatross has been hooked on a long-line. This Black-browed Albatross has been hooked on a long-line.
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
How long does exercise affect blood sugar? How long does exercise affect blood sugar?
Expanding Exponent Laws Expanding Exponent Laws
A horizontal, 2.00 m long, 3.00 kg uniform beam that lies along the east-west di A horizontal, 2.00 m long, 3.00 kg uniform beam that lies along the east-west di
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library