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 9 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
Thanks for the timely response, appreciate it

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Long-wattled Umbrellabird Long-wattled Umbrellabird
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere
When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde
Video: Proteins

For a complete list of videos, visit our video library